Six-bedroom waterfront Saanich Peninsula home sells for record $22 75M timescolonist.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timescolonist.com Daily Mail and Mail on Sunday newspapers.
The wealthy relocated in droves to vacation destinations around the US during the pandemic.
The Sun Belt and Rocky Mountains recorded outsized demand and increased luxury real estate sales.
These 10 seasonal spots are expected to remain coveted year-round hideaways throughout 2021.
The wealthy have relocated in droves to seasonal vacation markets around the US during the pandemic.
The Sun Belt and Rocky Mountains have experienced a significant amount of demand, according to the 2021 Luxury Outlook report by Sotheby s International Realty.
Affluent Americans including millennials have settled into beach towns and ski resorts from Florida to Wyoming, lured from major cities in part because of their desire to work remotely while surrounded by nature. And Sotheby s predicts that the pandemic s effects on the homebuyer psyche will continue to add to the surge in luxury home sales in secondary vacation markets for the next year, if not longer.
The home was built in the 1950s, designed by noted Sarasota School of Architecture founders Ralph Twitchell and Jack West, and had been marketed as either an existing structure in need of renovations or a potential beachfront teardown.
Listing agent Martie Lieberman of Premier Sotheby’s International Realty, founder of the Sarasota Architectural Foundation, specializes in selling Sarasota School of Architecture style homes through modernsarasota.com.
Lieberman noted that the home was being listed for sale at land value with a hope that the buyer would ultimately renovate the home.
The original asking price was $1.895 million.
The taxable value of the 1.86-acre parcel was $1.782 million in 2020, according to the Sarasota County Property Appraiser’s website.