$4.55 million sale on Bird Key


The sale of a two-year-old house at 602 S. Palm Ave. on Sarasota's Bird Key closed today at $4.55 million.

The seller was Kerlyn Holdings Ltd., owned by a resident of the British island of Jersey in the Channel Islands, off the coast of Normandy, France.

The property was listed by Roger Pettingell of Coldwell Banker Previews, who also brought in the buyer.

The house came on the market a year ago at $5.5 million. The price was decreased in February and March, finally to $5 million, "to get the property competitive to today's market," said Pettingell.

The seller justified the selling price of $4.55 million because of the strength of the American dollar, Pettingell noted. As the seller is returning to Europe, his dollars will be worth more in the United Kingdom. "There has been a 20 percent swing in currency since we listed the property," the Realtor said.

The house has western waterfront views toward Big Pass. It has four bedrooms and four baths in 5,581 square feet of living area. The total building area is 7,238 square feet.

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: March 20, 2015
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