2.25 Acres Of Gulf Front Property Sells At Full List Price.
Michael Saunders & Company announced that a vacant residential parcel on Longboat Key sold for $6 million. Located at 6271 & 6281 Gulf of Mexico Drive, the 2.25-acre parcel directly fronts the Gulf of Mexico; and sold at its full list price. The sale is the highest for a vacant gulf-front parcel in Southwest Florida since 2004, when a 12.7-acre parcel on Manasota Key sold for $7.25 million.
The property, listed by Michael Moulton was sold by Deborah Beacham and Beverly Alter. All are Realtors with Michael Saunders & Company.
“This is yet another signal that buyers of significant means are not only finding our market and discovering its lifestyle potential, but are also taking definite steps to acquire luxury homes and properties throughout the region,” said Michael Saunders, the company’s founder and CEO. “Parcels of this size that inhabit premier Gulf-front locations are an increasingly rare commodity throughout Southwest Florida, much less on Longboat Key. Thus they attract the scrutiny of high net-worth buyers, whose wealth has not only recovered from the Great Recession, but who also wish to build a luxury waterfront home to their exact specifications.”
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