The view of Sarasota Bay and downtown from St. Armands Key. Staff photo / Harold Bubil; 5-21-2014.
Taking title in his own name, Tampa Bay Lightning owner Jeff Vinik has purchased a house at 132 N. Washington Drive on Sarasota's St. Armands Key for $3.5 million, according to Sarasota County records. The sale closed May 7.
The sellers were Frank and Carole Krohn. A documentary stamp tax of $24,500 was paid to the clerk's office.
The 3,100-square-foot house was built in 1950 and is an "obvious teardown," said top-selling Realtor Roger Pettingell of Coldwell Banker Previews.
But it does have an impressive view of the Ringling Bridge and downtown Sarasota.
Tampa Bay Lightning owner Jeff Vinik and his wife, Mary, have purchased this 1950 house on North Washington Drive on St. Armands Key for $ 3.5 million. It is next door to a property they purchased last fall for $4.25 million; they demolished the house on that lot. Staff photo / Harold Bubil; 5-21-2014.
It also is next door to a property Vinik and his wife, Penny, purchased last fall for $4.25 million. The immediately tore down the 12-year-old, 6,100 square foot house on the property at 112 N. Washington Drive.
So now the Viniks -- he made his money as a hedge-fund manager -- have $7.75 million (not counting demolition costs) invested in 0.94 acres of waterfront property. The street is well-known as a bypass -- despite the presence of speed bumps -- for motorists wishing to avoid St. Armands Circle on their way to north Lido and Longboat Key.
