Condo sale closes at $7.7M, sets new mark

SARASOTA — The Grand Terrace Residence, a luxury condo at AQUA in Golden Gate Point, has sold for $7.79 million — the highest price ever for a condo in Sarasota, according to the unit's brokers.

The brokers behind the sale are Cheryl Loeffler and Joel Schemmel with the Sarasota-Downtown office of Naples-based Premier Sotheby's International Realty, according to a statement. The sale closed Feb. 7.

“This is an exquisite property and it not surprising that it commanded the top sales price in the area,” says Loeffler in the statement. “Golden Gate Point has become one of Sarasota's most desirable locations.”

The Grand Terrace Residence encompasses levels four and five of AQUA and offers 7,504 square feet of living space and 3,963-square-feet of terrace space. The closing price does not include the costs to combine the two floors and customize the residence, according to the statement.

In total, six of the eight waterfront condo residences at AQUA have closed, the brokerage says. Loeffler and Schemmel continue to market the remaining two residences.

AQUA is located at Golden Gate Point directly overlooking Sarasota Bay. The condominiums were designed by Guy Peterson Office for Architecture of Sarasota, developed by Jonathan and Cynthia McCague and built by General Contractor BCBE Construction of Naples. Premier Sotheby's is the exclusive sales and marketing firm for AQUA .