Fine Properties real estate agent Nicki Conway wasn’t surprised when her new $3.5 million listing in One88 in mid-June went to contract in just five days. The all-cash deal, to a woman from Detroit who’s the CEO of a healthcare technology company, will close in mid-July, and that’s when we’ll know the sale price.
“There are people out there who only want that building,” Conway says about the eight-unit condo building on Golden Gate Point, which was completed in 2016. “Larry Achtman [of Robert Slack real estate company, who represented the buyer] called me the minute it hit the MLS.” One88’s location on Golden Gate Point, its modern look and reputation as a well-built building, and the fact that units come with three-car garages and boat docks make it highly desirable, she says.
Her listing is a 3,028-square-foot second-floor condo, with three bedrooms, three-and-a-half baths and impressive views of the Ringling Causeway over Sarasota Bay. It had last sold in November 2017 to a New Jersey couple for $2.8 million.
Conway calls Golden Gate Point “one of the most desirable parts of town. It’s close to St. Armands and downtown, it’s beautiful, with the brick roads and wide sidewalks, the views are great, and people like that it’s not on the island but it feels like it is.”
The builder, the Vandyk Group of Companies, announced plans in 2018 for another Golden Gate Point condo project, The Evolution, which will have 20 units in eight stories.
Golden Gate is no stranger to noteworthy sales. A penthouse in LaBellasara sold in late 2017 for $3.9 million, and a penthouse in Grand Riviera sold for $4.35 million in early 2017 after one month on the market. And in late 2018, two floors in the then-new Aqua condo tower sold to one buyer for $8.99 million.
Number of Golden Gate Point residences: 335
Number of sales January-June 25, 2020: 16
Price range of those sales: $305,000 for a one-bedroom in an older building to $2.3 million in Grand Riviera, built in 2005.
Pending sales as of June 25, 2020: 15, ranging in price from $300,000 to $3.8 million