Siesta Key Shines in Top Home Sales for August 15-19: A Week of Noteworthy Transactions

Photo byIan Swaby

The real estate market in Sarasota, Siesta Key, Palmer Ranch, and Nokomis has seen a surge of high-profile transactions this past week, with Siesta Key leading the pack. Here’s a look at the standout sales that defined the period from August 15-19.

Siesta Key Stuns with $3 Million Sale

At the pinnacle of this week’s real estate activity was a stunning $3 million sale on Siesta Key. Michael and Nancy Assuncao Sanchez from Devon, Pennsylvania, sold their 4,577-square-foot residence at 9137 Midnight Pass Road to Dallas-based Kyle Adams. This three-bedroom, three-bathroom home, complete with a pool, first traded hands in 2006 for $2.6 million. Its sale this week underscores the area’s enduring appeal among high-net-worth buyers.

Sarasota’s Diverse Market Moves

• Palm Place: Margaret Ruyle of Rockford, Michigan, sold her Unit 403 condo at 755 S. Palm Ave. to Denver’s Timothy Morris for $800,000. The 1983-built property, featuring two bedrooms and two bathrooms, was previously purchased for $595,000 in 2018.
• Golf Estates: The Millers of Nokomis sold their home at 4360 Iola Drive for $685,000. This 1999-built, three-bedroom, two-bath residence saw a significant increase from its 2021 price of $410,000.
• Gulf Gate Woods: Juergen and Eva Stahl of Sarasota parted with their home at 2307 Cass St. for $655,000. The 1973-built property with two bedrooms and two bathrooms had previously sold for $450,000 in March.
• Alinari: Kevin and Robert O’Leary from Buffalo, New York, sold their Unit 508 condo at 800 N. Tamiami Trail to Sarasota’s Ronit Lawlor for $640,000. Built in 2007, this two-bedroom, two-bath unit appreciated from its 2008 sale price of $399,000.

Other Noteworthy Transactions

• Gulf Gate: Bonnie Starr of North Wilkesboro, North Carolina, sold her home at 3140 Prairie Lane for $575,000, down from its 2022 sale price of $634,000.
• Sunnyside Park: Boni Borges sold her 1957-built home at 2322 Sunnyside Place for $560,000, a notable rise from its 2002 price of $170,000.
• Gulf Gate East: Axios Property and Investments LLC sold 4127 Kingston Way to Douglas and Sofiya Vogt for $530,000, a jump from its 2021 price of $402,000.
• Indian Beach: Catherine Cottrell and Jack Lyon Reilly sold their home at 865 32nd St. for $512,500, a considerable increase from its 2013 price of $225,000.

Siesta Key Continued Success

• Paradise Island: David Haenel, trustee, sold the home at 339 Avenida De Paradisio for $1,575,000. Built in 1972, this three-bedroom property exemplifies the high demand in the area.
• Beach Villas at the Oasis: Casa De Siesta LLC sold Unit 312S1 at 312 Calle Miramar to Douglas Bailey for $1,495,000. The 2008-built, two-bedroom condo increased from its 2021 price of $925,000.
• Dolphin Bay: Edward and Catherine Gillig sold their Unit 402 condo at 1240 Dolphin Bay Way to Jayne Roose and Keith Staudt for $1,267,000, reflecting a modest increase from its 2022 price.
• Polynesian Gardens: James and Marie Dematteis sold Unit L-2 at 1107 N. Moonmist Court for $629,000, up from its 2021 sale price of $399,000.
• Beach Way Apartments: Jorge and Jortan Cerron sold their Unit G-1 condo at 5600 Beach Way Drive for $525,000, slightly below its 2005 price of $550,000.

These transactions paint a vibrant picture of a dynamic real estate landscape, showcasing both enduring value and new opportunities in Sarasota’s sought-after communities.