$11.5M Sale Of 683 Mourning Dove Drive Sets New Record On Bird Key
683 Mourning Dove Drive
$11,500,000
$1,758/SF
Building Size
6,540 SF
Asset Type
Single Family
Closing
Dec 6, 2023
AI
The record for the highest real estate sale in Bird Key, Sarasota was broken on December 6th with the transaction of 683 Mourning Dove Drive, which sold for $11.5 million. The waterfront single-family property sits on approximately half an acre and spans 6,540 square feet. The home boasts a 75-foot infinity pool and a private dock, adding to its allure.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $11,500,000
- Address: 683 Mourning Dove Drive
- Market: Sarasota
- Asset Type: Single Family
- Acres: 0.5
The buyers, Jerald and Kathleen Kamiel, were represented by Judy Kepecz-Hays from Coldwell Banker Realty. The sellers, Douglas and Teresa Franklin, enlisted the services of Bryce Coudare-Atkins and Teresa Franklin, who represented Dalton Wade Inc. in the deal.
It is worth noting that this sale slightly exceeded the previous record, highlighting the desirability and value of the property. The expertise and negotiations of the buyer's representative, Judy Kepecz-Hays, and the seller's representative, Bryce Coudare-Atkins and Teresa Franklin, played significant roles in the successful transaction. The buyers and sellers can now move forward with their respective plans, thanks to the culmination of this noteworthy deal.
Players
Sarasota Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93