$1.5 Million Residence is Highest-Priced Sale in History of Pier 550 on Golden Gate Point

Written by Posted On Tuesday, 14 January 2020 12:59

SARASOTA, FLA. (December 30, 2019) — A beautiful turnkey residence in Pier 550 on Golden Gate Point has sold for a record-breaking $1.5 million, the highest-priced sale in the history of the 51-unit complex. Located at 554 Golden Gate Point #5/6, the residence was marketed and sold exclusively by Charlotte Hedge of Premier Sotheby’s International Realty’s Sarasota office.

Situated on a waterfront parcel, the midcentury-style, three bedroom, two-and-a-half bath residence was completely renovated with top-of-the-line upgrades. Boasting unobstructed views of Marina Jacks and the downtown Sarasota skyline, the home is just four blocks to downtown and one mile from St. Armand’s Circle.

“Pier 550 continues to attract above-market prices due to its direct bayfront location and the community charm of Golden Gate Point," said Charlotte Hedge. "This recent record sale, garnishing over $1,000 per square foot for a 1948-built condominium, exemplifies both the charm and location of downtown Sarasota. The buyers — who approached us to see if we could find a seller at Pier 550 who owned a large unit and were willing to sell — have owned and rented on Golden Gate Point for years, and will now make this home their permanent residence.”

About Premier Sotheby’s International Realty

Headquartered in Naples, Florida, Premier Sotheby’s International Realty has over 1,100 associates and employees in 40 locations throughout Florida and North Carolina. Premier Sotheby's International Realty also benefits from an association with the storied Sotheby's auction house, established in 1744. For more information, visit premiersothebysrealty.com.

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