Real Estate Today: Just closed: Record $12.5 million real estate salePosted by Louis Wery on Saturday, April 21st, 2012 at 10:19pm.
An 11,000-square-foot mansion in Regents Court sold late this afternoon for $12.5 million.
This represents a record for a home on a single residential parcel in Longboat Key history, according to Coldwell Banker Residential Real Estate, and it is among the top three sales in county history, according to a Herald-Tribune search of the county property appraiser’s website.
Coldwell Banker’s Louis Wery brought in the buyer, who is from Europe and whose name was not revealed. Eva and Siegfried Schulte were the sellers, who had the house listed at $17.5 million through Developers Realty’s Reid Murphy.
Built in 2002, the house has four bedrooms and six full baths and two half baths in 11,961 square feet of air-conditioned area. The overall building size is 22,515 square feet, according to the Sarasota County Property Appraiser’s website. Appraiser Bill Furst has the market value of the property at $6,197,700 as of Jan. 1, 2010 — a figure almost evenly split between the land and the house.
The Schultes have lived in the house since it was built.
The property has 150 feet of Gulf of Mexico beachfront. It has three kitchens — main, catering and guest — by EuroTech. The oversized front doors open to a wrought-iron and cherry wood double grand staircase.
Wery said his international connections were a key to making a sale. A Coldwell Banker agent for 15 years, he is a certified international property specialist and speaks five languages.
The sale is exceeded in value by a 2003 sale on Westway Drive in Lido Shores. A house and next-door lot (it had a “teardown” house on it at the time) sold for a total $13.2 million in a combined closing that year. Shortly before that, a Westway house sold for $11 million and the lot next door for $5.5 million to the same buyers, but several months apart.
And in 2006, the former Vick Residence on Westway sold for $13 million — apparently the county record for a single house on a single lot.
For more information about Sarasota & Her Islands, please call Louis Wery at 941.232.3001 • LouisWery@gmail.com
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