Beach Residence condo sells for $2.18 million

Two weeks after the keys’ season high of 17 recorded-realty sales, the keys’ market dropped back to 11 transactions the second week of June and seven the third week.

Despite this, the leading sale for the week of June 15 through June 19 was the $2,175,000 that Sandra Wuliger, of Moreland Hills, Ohio, paid for Unit 602 in the 88-unit Beach Residences on Lido Beach.

The sellers were fellow Ohioans, Lorinn and Mark Williams, of Cincinnati. The Williamses bought the three bedroom, three-bath condominium with 3,964 square feet of living area new for $2.5 million in December 2005, at the end of the recent real-estate boom.

Located at 1300 Ben Franklin Drive on Lido Beach, the 12-story beachfront condominium is operated by downtown Sarasota’s Ritz-Carlton hotel.

Bird Key
Simon Knepp Jr., of Coldwater, Mich., sold his Bird Key home at 221 Bird Key Drive to Eric Wostl and Wolfgang Wostl for $720,000. The three-bedroom, two-and-a-half-bath home was one of the original Bird Key homes built in 1962. It has 3,528 square feet of living area and a swimming pool.
Knepp bought the home for $870,000 in September 2005.

The Shore
The week’s largest sale on Longboat Key was on the Manatee County side of the Key, where Unit 113 at the 54-unit The Shore, 5757 Gulf of Mexico Drive, was purchased for $502,000 by Charles and Susan DiNatale, of Orchard Park, N.Y.

Karen Sawyer, of Hartland, Wis., sold the condominium as general trustee for her trust. The three-bedroom, two-bath condominium with 1,561 square feet of living area was constructed on the Key’s Gulf beach in 1975.

Fairway Bay II
Marilyn Detels, of New York City, sold her Unit 442 in Building M4 of Fairway Bay II to R.J.B. Enterprises LLC, of Belleair Beach, in Pinellas County, for $360,000.

The two-bedroom, two-bath condo at 2020 Harbourside Drive has 1,192 square feet of air-conditioned living area. Arvida Corp built the condo in 1984.

Detels purchased the condominium for $202,000 in October 1988.

Cedars East
Pamela and Thomas Kane, from Brick, N.J., paid $340,000 for Unit 1 in Section 3 of the bayside, 93-unit Cedars East condominium. C.T.B. Rentals LLC sold the two-bedroom, two-bath condo with 1,501 square feet of living area.

C.T.B. Rentals paid $100,000 for the condo in December 2006. It was constructed in 1991. Signing the deed of sale for C.T.B. were the firm’s managing members, Thomas and Carrie Buchwald, of Lincolnshire, Ill.

Bay Harbour Apartments
Kelly and Larry McCarty, of Auburndale, purchased Apartment 103 in Building B at the 39-unit Bay Harbour Apartments, 450 Gulf of Mexico Drive, for $250,000 from Margaret Overdorf and William Parkhurst, both individually and as successor co-trustees of the Claire Henkle revocable trust. Overdorf resides in Palm City, and Parkhurst in Williston.

The apartment has two bedrooms, two baths and 1,194 square feet of air-conditioned living area. It was constructed in 1970.

Lido Harbour South
NGTC, a limited-liability company based in Boone, Iowa, sold Unit 301 in the Seaview House at Lido Harbour South condominium, 2110 Ben Franklin Drive, to Nanette Wrobel and Kathleen Brown, from Oak Park, Ill., for $385,000.

The two-bedroom, two-bath condo was built in 1968 and has 1,248 square feet of living area.

Key sales holding up
Sales on the keys during May averaged nine per week, totaling 45. The first three weeks of June has more than maintained that pace with 35 total sales for a near average of 12 sales per week so far.

Kent Chetlain is a veteran Florida journalist and historian, a former Manatee County commissioner and a holder of a Florida real-estate license. He has chronicled real-estate activity in this area since 1957.