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Sarasota’s High-End Real Estate Market Keeps Moving

A Bird Key home and a vacant lot in Phillippi Creek recently sold recently sold for $3.5 million and $2.2 million, respectively.

By Ilene Denton October 20, 2016

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London Bay Homes’ 4,500-square-foot Cedarberry waterfront model home on Bird Key has sold nearly two months prior to completion for $3.5 million. The two-story home has four bedrooms, a formal dining room, study, four full baths and a powder room. Covered outdoor areas overlook a large sundeck with a fire feature and an infinity waterfall-edge pool, with a spa at one end and a shallow water shelf for chaise lounges at the other.

And a double vacant lot in Rivetta, a new-home development on Phillippi Creek, sold earlier this month for $2.2 million. Kelly Gettel of Coldwell Banker Residential Real Estate, the exclusive listing agent for Rivetta, was responsible for the sale, which includes the design and construction of a modern, 5,743-square-foot residence (8,323 square feet total, including outdoor spaces) by Lee Wetherington Homes. “Finding a land lot in a boating community under $500,000 is almost impossible in the Sarasota area,” says Gettel. “This is a great opportunity for a buyer to completely customize their brand new home and be able to enjoy affordable waterfront living.”

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