On Casey Key, a $3.55 million land sale

By Harold Bubil , Herald-Tribune

/ Monday, August 25, 2014

Two Casey Key lots totalling about 2.5 acres sold Monday for $3,550,000.
The properties had been on and off the market since 2005.
The seller, Tom Schlachter, was represented by Tony DiCerbo of Michael Saunders & Co. The buyer, a dentist/plastic surgeon, and his wife, from Indiana, were represented by Michael Moulton, also of Saunders.
The Gulf-to-bay tract, which could be developed with large houses on either side of the road, was first listed by Schlachter in 2005 at $6.9 million.
The most recent list price was $3.99 million, a reduction of $500,000, said DiCerbo. Schlachter paid $4.1 million for the land in January 2004 and tore down an old house on it.

"I think the buyer got a very good piece of gulf to bay land at a very good price," said Saunders agent Deborah Beacham, a 20-year resident of Casey Key.

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.