Longboat Key Home Is Largest Sale In Sarasota County Since April 2008



Christina Landry Of Michael Saunders & Company

Brings Buyer To $7.1 Million Waterfront Sale

longboatSARASOTA, Florida—(March 4, 2009)—In what amounted to the largest single residential sale in Sarasota County in nearly a year, a beachfront estate on Longboat Key closed yesterday for $7.125 million. The property at 5871 Gulf of Mexico Drive, originally listed for $10.5 million in mid-September, went under contract in just over four months.

Christina Landry, of the St. Armands Circle office of Michael Saunders & Company brought the buyer to the sale. Reid Murphy was the listing agent for the property

Prior to yesterday’s closing, the largest residential sale in the past year was an $8 million beachfront home at 4067 Shell Road, on Siesta Key, that sold in late April 2008 to a client of Kim and Michael Ogilvie of the Main Street office of Michael Saunders & Company.

The gated, 1.2 acre Longboat Key estate that sold yesterday includes 7,046 square feet under air. It was completed in 2008 and includes a private two-bedroom guest house with loft, accessible from the main house by a covered walkway. The main home has five bedrooms, a 40-foot beach-entry pool on the beach level and an upstairs pool on the magnificent logia level.


About Michael Saunders & Company:

Now 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, the and is included among the 35 most influential Realtors in luxury real estate.

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.

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 MichaelSaunders.com.