In the upscale community of Lido Shores in Sarasota, Florida a 5-bedroom home has set a new record for the neighborhood.
The property at 1325 Westway Drive, a 2011-built contemporary home — inspired by Sarasota’s School of Modern Architecture and the international modern architecture of Brazil — traded hands in a $12.5 million, all-cash deal.
The $12.5 million sales price marks a new record for the Lido Shores area and the third-highest price ever sold in the 34236 zip code.
Credit for the successful sale goes to Roger Pettingell and Nicholle DiPinto McKiernan with Coldwell Banker Realty, who co-listed the Sarasota property together.
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The house was owned by a former Hasbro exec
Sitting on a 0.41-acre waterfront lot, the house was built by its current seller, David Hargreaves, a former Hasbro executive who, alongside his wife Linda, bought the lot back in 2010. On it sat a 2,000-square-foot ranch-style home that the couple razed in order to build the current structure.
A 6,600-square-foot contemporary home
With the help of DSDG Architect Mark Sultana and Voigt Brothers Construction, the Hargreaves built a nearly 6,600-square-foot home with a sleek design inspired by Sarasota’s School of Modern Architecture, and fitted it with some of the best modern conveniences.
The property features a 4-car garage, boat dock with two boat lifts, floor-to-ceiling glass windows, a gourmet kitchen, a summer kitchen, and rooftop putting green with unobstructed Gulf of Mexico views.
Rooftop putting green with Gulf of Mexico views
The amenity that caught our eye — and likely, the all-cash buyer’s eye too — is the private rooftop terrace with 360-degree views. Made to appease golf lovers who like to take in the view while playing, the terrace is made of teak wood decking and a putting green turf.
See also: MLB All-Star Mark Melancon relists $11M waterfront home in Holmes Beach, FL
Dolphins may have helped close the deal
Agent Nicholle DiPinto McKiernan noted that she usually lets the house speak for itself when taking part in showings — and this particular home had plenty to say when it mattered most.
For instance, on the day she showed the current buyer the property, dolphins were frolicking and jumping in the water in front of the house. “It is always a pleasure showing property owned by the Hargreaves. Their taste in architecture and pride of ownership is always apparent. We have sold multiple properties for them in recent years.”
Because the property has great water frontage
The property sits on nearly a half-acre lot and offers approximately 75 feet of water frontage on New Pass, the waterway connecting Sarasota Bay to the Gulf of Mexico.
As listing agent Roger Pettingell noted, “Waterfront homes like this do not come along that often in the Lido Shores/Longboat Key market—both the design and private location are a rare combination.”
It also has quite a few other notable features
Beyond its rooftop putting green, generous water views, and killer location, the Sarasota house has a few other enviable attributes.
Impressive features inside and out include maple wood, terrazzo, and porcelain tile (with a glass finish) flooring, gas fireplaces, custom built-ins, a four-stop elevator, a Lutron lighting system, gorgeous bathrooms with stone-top floating vanities, four new air-conditioners (2022), three gas tankless water heaters, and an oversized four-car garage.
A well-deserved notch on the Coldwell Banker team’s belt
Pettingell, who is the top Sarasota Realtor for sales volume with Coldwell Banker Realty, achieved $113 million in sales in 2023 alone and was recently included on the 2024 RealTrends The Thousand list (published in The Wall Street Journal), for ranking among the Top 250 individual real estate agents in the United States.
Fellow listing agent Nicholle DiPinto McKiernan, a partner of the DiPinto Group at Coldwell Banker Realty, says that the landmark sale propels her team’s volume to north of $100 million in sales in the last 18 months.
Good marketing for the property played a big role
“Our marketing efforts for Westway Drive were very specific,” McKiernan shares in a press release. “We targeted prospects not only throughout Florida, but internationally as well. The Coldwell Banker global reach was a success as the buyer hailed from outside of Florida.”
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