$3.4 million sale on Anna Maria Island


102 Mangrove Avenue (2)A beach estate at 102 Mangrove Ave., Anna Maria, closed Feb. 7 at $3,425,000, reports Premier Sotheby's International Realty, whose agent Cheryl Loeffler, represented the seller.

The brokerage said the sale was the most expensive on Anna Maria Island since 2008. The property was listed at $4,495,000. Jason Sato of Sato Real Estate represented the buyer.

The house on the property has four bedrooms and five baths in 6,500 square feet. It was built in 2008 by Whitehead Builders and has Gulf views from every main room. The house has multiple covered terraces and an open sundeck with a fireplace. The walled-in pool has a separate spa and bar area.

102 Mangrove Avenue (1) The kitchen has a large island and bar with Rain Forest marble counter tops. The home has a private elevator, reading nook, music room/library, entertainment room and conservatory. The master suite has his-and-her baths with a steam shower, walk-in closet and a waterfront sitting room. A separate guest house, built in the 1940s and recently restored, flanks the main home.

 Loeffler was named the firm’s top-producing sales associate in Sarasota and Manatee counties in 2012, achieving total closed sales of more than $35 million.

Two sales in 2008 on Anna Maria Island came in at $3.5 million and $3.75 million for houses half the size of the Mangrove house. Sato Real Estate represented the buyer in the $3.5 million sale and both the buyer and the seller in the $3.75 million sale.

Harold Bubil

Recipient of the 2015 Bob Graham Architectural Awareness Award from the American Institute of Architects/Florida-Caribbean, Harold Bubil is real estate editor of the Herald-Tribune Media Group. Born in Newport, R.I., his family moved to Sarasota in 1958. Harold graduated from Sarasota High School in 1970 and the University of Florida in 1974 with a degree in journalism. For the Herald-Tribune, he writes and edits stories about residential real estate, architecture, green building and local development history. He also is a photographer and public speaker. Contact him via email, or at (941) 361-4805.
Last modified: February 18, 2013
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