Marketing assets

ELITE AUCTIONS Announces July 9 $6.495 Million Auction of Over 6,000 Square Foot Bayfront Mansion in Sarasota, Florida

The nearly 6,200 square foot home features a watercraft dock and lifts, lush tropical gardens and landscaping, impact-resistant hurricane glass sliding walls, an elevator and stunning views of Sarasota Bay .

Numerous and spacious outdoor entertaining areas include a covered loggia with generous living and dining areas, summer kitchen, bar area, terrace, heated pool and spa, and a paved walkway that leads to a new deep water dock and elevators.

The residence was recently listed at $6.495 million according to publicly available real estate data sources.

This latest ELITE AUCTIONS auction comes as sarasotaBradenton The region is experiencing a massive resurgence in demand for luxury real estate, according to a recent report highlighting the most notable markets and trends published by the home brokerage, Banker Coldwell.

According to the listing agent, Roger Pettingell from Coldwell Banker Realty to sarasotaluxury homes in $1 million at $5 million price range have seen a significant increase in demand recently, with Sarasota County seeing 466 properties sold in this range in 2019, 735 in 2020 and over 1,100 sold in 2021.

As 2021 drew to a close, 112 homes with price tags over $5 million in sarasota and Manatee sold.

“The year before, there were only 23,” Pettingell said, adding that the pandemic’s less-is-more trend is being replaced by the bigger-is-better philosophy among its affluent clients.

“People want offices, workout rooms and media rooms. They want entertainment areas and as much outdoor space as they can afford…They also add everything that makes home a castle again, so things like the resort-style pools are huge.”

Commenting on the announcement and the massive increase in demand for high end luxury real estate in the area, Randy Haddawayfounder and CEO of Elite Auctions, said: “The demand for luxury waterfront properties in Florida is definitely very strong right now, especially in the southwestern gulf coast region. Of Collier County at Sarasota Countythere is certainly no shortage of extraordinary luxury properties, and no shortage of affluent buyers from around the world ready to pounce once one like this becomes available.”

Elite has sold six luxury properties in this area since November, Haddaway says, adding, “Florida is hot right now, for a variety of reasons, and anyone looking to buy a luxury beachfront estate like this better hurry while it’s still available.”

The five-bedroom home boasts an impressive list of high-end features, including a master suite occupying a secluded corner of the home with two walk-in closets and spa-inspired marble bathrooms, a morning kitchen, an office privacy and sliding glass doors opening to the main terrace for a seamless indoor-outdoor living experience.

3731 Indian Beach Pl is available for private tours and open for preview weekends 1 p.m.-4 p.m.beginning Saturday June 18and Sunday June 19with a final preview the day before the auction on Friday July 8. Previews are suspended during the The 4th of July holiday weekend.

The auction will take place on site at the property, Saturday, July 9, 2022at 11:00 a.m. EDTwith registration from 9 a.m.. Remote offers will be accepted by telephone. Broker participation is encouraged.

About ELITE AUCTIONS
ELITE AUCTIONS marketed more than $2 billion of high-value properties and luxury yachts at no-reserve auctions, accelerating the sale of more than $450 million in luxury assets. Its luxury home auction team is dedicated to helping sellers get the best value for their property and close a sale quickly.

Media Contact
Kristoff Stewart
Marketing Director, Elite Auctions
239-218-5417
[email protected]

ELITE SOURCE AUCTIONS