$4m penthouse sale at Tower Residences

A penthouse in the Tower Residences at The Ritz-Carlton, Sarasota, sold today at $4 million.
Coldwell Banker Residential Real Estate's Judy Kepecz-Hays brought in the buyer of the 5,275-square-foot unit. Beth Afflebach and Joan Dickinson from Michael Saunders & Company were the listing agents.
Kepecz-Hays is familiar with the unit, No. 1702. She sold it in 2003 for $3.06 million, then again in March 2007 for $4.45 million to Mark and Barbara Fried.
It has three bedrooms, four full baths, one one half bath, a library/office, and three terraces with views of the Ringling Bridge, bay, marina and city. Amenities include a theater, fitness center, massage room on the third-floor amenity level, and 24-hour hotel room service.
This is the first unit this year that has sold in The Tower Residences — two are pending and 10 are for sale. Since 2007 there have been four penthouses that sold. The most recent was in April 2011 that closed for $4 million.

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: May 28, 2013
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