Record condo sale at L'Ambiance


rcondo27bA penthouse unit in L’Ambiance, the luxury condominium behind the gates of Longboat Key Club-Islandside, sold Friday at $6.75 million. The price is a record paid for a condominium unit in Sarasota County, according to property appraiser records.

The unit had been listed at $7,495,000 through Cheryl Loeffler of Premier Sotheby’s International Realty. She had both sides of the deal.

PHOTO GALLERY: Record condo sale at L'Ambiance.

Built in 1994 and recently remodeled, it has four bedrooms and six full bathrooms in 5,170 square feet of air-conditioned area. Including terraces that afford sweeping views of the Gulf of Mexico, the apartment totals 8,575 square feet.

The sellers were Michael and Joanne Masin. Loeffler would not reveal their names of the buyers, a younger couple from New England who took title in a trust.

According to county property appraiser records, the previous Sarasota condominium sale record price was $6,214,000 paid in June 2008 for a penthouse in Orchid Beach Club on Lido Key. Loeffler also had that listing. The contract price was $6.9 million, but that included furnishings.

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: April 26, 2013
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