A Belleair house listed for $12,995,000 has sold for well under the asking price, according to real estate agents Garret and Brandy Jagdmann of the Jagdmann Group at Engel and Völkers Belleair, who represented the buyer.
The large home at 140 Willadel Drive was once the residence of Marshall Rinker Jr., heir to a concrete empire that played a pivotal role in Florida's 20th-century building boom, say the Jagdmanns in a Monday news release.
The home sold for $8.7 million, according to a spokesperson for Engel and Völkers — 33% less than the asking price. Yet the homeowners will still make a gain. The home last sold for $7.1 million on Nov. 19, 2021, according to the Pinellas County property appraiser's site.
Built in 1991, the house has six-bedrooms and 11 bathrooms. It sits on almost 2 acres of waterfront property. It features a guest house, a cabana, tennis courts, a putting green and a private marina.
The property's listing agent, Priscilla Pesce from Charles Rutenberg Realty, assisted in showing the house to prospective buyers and was credited by the Jagdmanns for helping close the deal.
Engel & Völkers is a global company specializing in the sale and leasing of premium residential and commercial property. It currently operates a network of more than 16,600 real estate advisers in nearly 1,000 residential brokerages in 33 countries around the world. Each brokerage is independently owned and operated.
This story was updated to add the final sales price.