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.
