Pair of local residential sales top $10M

Two “largest since” residential real estate sales closed last week in the Sarasota-Bradenton area, the latest sign of an upscale housing market revival.

One transaction was of a Gulf-front estate on Gulf of Mexico Drive on Longboat Key that sold for $6.8 million. That was the highest-priced residential sale on Longboat Key in more than two years, according to a release from Michael Saunders & Co. Agents with the firm's Addy-Wittig Team, in the Longboat Key South office, and Jonathan Abrams of the firm's Siesta Key office, listed the property. Coldwell Banker agent Lynne Koy represented the buyer.

The newly built 6,959-square-foot home has four bedrooms and five-and-a-half bathrooms on more than an acre of Gulf-front land. The home has a 12-person Jacuzzi that cascades into a 40-foot Gulf-front pool. There's also a fire pit, a summer kitchen, a covered terrace and a three-stop elevator. The property was originally listed for $7 million in April.