Local real estate firm expands to Palm Coast

SARASOTA — Coldwell Banker Residential Real Estate, based in Sarasota, is expanding to the east coast of Florida.

The firm acquired the assets of the Luxury Team of Florida Real Estate Group, which has nine offices spread through Flagler, Volusia and Osceola counties, according to a release. The nine offices, on the Palm Coast, will operate under the Coldwell Banker Residential Real Estate flag, which now has more than 80 branches statewide.

Luxury Team of Florida Real Estate Group, which was founded in 2009, reported more than $97 million in closed sales volume in 2012, according to the release. The firm has 30 sales agents.

“We are pleased to welcome the Luxury Team of Florida to our operations,” Coldwell Banker Residential Real Estate in Florida President Clark Toole says in a statement. “Their professionals bring an excellent reputation in the industry and local community, and we are especially excited that this acquisition will expand our footprint into a new part of the state — three counties where we previously did not have offices. This further strengthens our leadership throughout Florida and helps us better serve our relocation clients.”

In addition to Sarasota, Coldwell Banker Residential Real Estate has offices in the Naples-Fort Myers market and Tampa Bay, plus Central Florida and Southeast Florida. The firm is a subsidiary of NRT LLC, the nation's largest residential real estate brokerage company. NRT operates the company-owned brokerage operations of Realogy Holdings Corp.