The chance to get an oversized deal


The chance to get an oversized deal

Posted by Marcia Salkin in Luxury Home 14 Jan 2008


Can there be such a thing as value pricing for homes in the $10 million-plus range?

Excerpt from Sarasota Herald Tribune article below published on 1/12/08 … full article here

…If you come into Big Pass by boat, it is hard to miss the second most expensive residential listing in the Sarasota Multiple Listing Service, or maybe the first — the $19.5 million “Snook Inn.”
Once you are through the pass into Sarasota Bay, turn your 50-foot yacht right into Hanson Bayou, go just past the two-story mansion perched on its own hill, and glide into one of the two private boathouse slips.
A yachtsman could back out of the boathouse and be out in the open Gulf within five minutes from this privileged spot.”
Say they have their own plane,” said Premier Properties co-listing agent Marcia Salkin. “In a half hour they can be down here from the airport and be out on their boat.”
The mansion, nestled on a two-acre site, with six bedrooms, six-and-a-half baths, and views from almost every room, has been on the market since March.
Mickey and Brooke Callanen built the home for themselves nine years ago and have lived there until now. Mickey Callanen founded Guess Watches, sold it to Timex in 1991, and has become a serial mansion builder ever since.
Sellers like the Callenens are fortunate in that they seem to be able to continue turning over properties, if at a slower pace than during the boom.
They are in the midst of closing on a multimillion dollar home they built speculatively on Bird Key. And they just listed a third spec mansion, with dock, at the end of Hillview Drive within Harbor Acres, for $11.4 million…

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