$4.25 million condo sale on Golden Gate Point


464 Golden Gate Pt #Ph9b - A3974846_5SARASOTA — One of the penthouses atop the triple-domed La Bellasara condominium tower on Golden Gate Point sold Friday for $4.25 million.
The sale was the most expensive condo transaction in the area since April 2013, when a penthouse in L’Ambiance, on Longboat Key, sold for a county-record $6.75 million.

The La Bellasara seller was S.E. Kretz, trustee of the Silverseas Land Trust, according to county records. Listing agent Terri Derr, of brokerage firm Michael Saunders & Co., would not identify the Canadian and American couple who purchased the unit.

The buyers of the unit, which was completed in 2006, were represented by Beth Bufano of Charles Rutenberg Realty, in Clearwater.

The purchasers may have been enticed by an $800,000 price cut that went into effect in September 2013. Derr had initially put the penthouse on the market at $5.4 million, nearly a year ago.

“That really generated the interest,” Derr said. “I had four two-hour showings in a row. That is how intriguing this place is.”

The 5,585-square-foot penthouse, with four bedrooms and six baths, has marble and wood floors throughout, a gourmet kitchen, and views of the Sarasota skyline, Big Pass and the Ringling Bridge.

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 28, 2014
All rights reserved. This copyrighted material may not be published without permissions. Links are encouraged.