Michael Saunders & Company Makes Biggest Bay-Front Sale Ever on Casey Key

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SARASOTA, Fla. – (Aug. 8, 2008) – Annette & Albert Ayers, top-producing associates in the Palmer Ranch office of Michael Saunders & Company, have sold their listing at 434 North Casey Key Road in just 4-1/2 months. The newly constructed home represents the largest sale on Casey Key in nearly a year and a half and the largest ever for a bay-front home on the lush gulf-coast barrier island. The custom-designed island colonial home, with more than 5,400 square feet of living space, sold for $4,850,000 and closed on Friday, Aug. 8, 2008.434 North Casey Key Road was recently sold for $4,850,000, a record price for a bay-front property here.Robin DiSabatino, an associate in the Main Street office of Michael Saunders & Company, represented the buyers.The Ayers, who are longtime specialists in Casey Key properties, continue to hold the all-time record for a single transaction on the island. Their listing at 1804 Casey Key Road sold for $9 million in April of 2006—a sale that has never been bested.“We are seeing an enormous amount of activity on the key this summer,” said Annette Ayers in describing the sale. “Clearly there’s real interest in buying again and other agents from Michael Saunders & Company are bringing the majority of buyers.”The Ayers also sold 2208 Casey Key Road in a transaction that closed on August 1, 2008. The home, which included a Paul Rudolph guest house overlooking the bay, sold for $2,425,000.About Michael Saunders & CompanyNow in its fourth decade of service to Southwest Florida, Michael Saunders & Company has grown from a single small office into a network of 16 full-service offices—with more than 500 professionally trained associates and 200 staff members. Powerful world-wide affiliations—including Leading Real Estate Companies of the World, Luxury Portfolio, Christie’s Great Estates, the European Real Estate Network (EREN) and Mayfair International Realty extend the company’s message to qualified buyers globally, ensuring the broadest possible exposure for our properties.Michael Saunders & Company is ranked as the 75th largest brokerage in the nation in the 2008 Power Broker Report compiled by RIS Media; and is included among the 35 most influential REALTORS® in luxury real estate in the United States.Customers of Michael Saunders & Company are assured of a comprehensive array of real estate services that will address every need and exceed all expectations. These services include commercial sales and leasing through the company’s Commercial Division, along with mortgage loan origination and full title and closing services. MSC Mortgage provides a full array of mortgage products through its partner, Wells Fargo Home Mortgage; while the expert team at MSC Title includes title examiners, processors, and closers dedicated to building on the reputation of Michael Saunders & Company for unequalled service and solutions. Backed by the underwriting strength of First American Title and Chicago title, MSC Title provides peace of mind by assuring that a buyer’s new property is free of liens and title defects. The award-winning MSC Relocation Division provides corporations with a wide range of relocation services to smooth the transition and assure immediate employee productivity in the new environment. MSC International offers buyers from around the globe the tools and instructive resources they need to make informed decisions and successful cross-border transactions.At Michael Saunders & Company, ours is a company-wide commitment to enrich the lives and culture of the communities we serve. Each year, the company makes significant contributions to more than 75 charitable, educational and cultural institutions throughout the region. These include Boys & Girls Clubs of Sarasota, Junior Achievement, Child Protection Center, The Dyslexia Foundation, Florida Studio Theater, Mote Marine Laboratory, Westcoast Black Theater Troupe, Manatee County Schools Foundation, Manatee Community College, University of South Florida Foundation, Education Foundation of Sarasota County, Marie Selby Botanical Gardens and the Community Foundation of Sarasota.For more information about Michael Saunders & Company, please call 1-888-552-5228 or visit us on the Web at www.MichaelSaunders.com.