July 4, 2022


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Evan Pedone, Realtor® with Engel & Völkers $5.5M Document Sale

Engel & Völkers Madeira Seashore actual property advisor Evan Pedone, Realtor®.

MADEIRA BEACH, FL – Might 26, 2022 – Engel & Völkers Florida introduced the record-breaking sale of Sundown Inn & Cottages, situated at 7925 W Gulf Blvd. Evan Pedone, an advisor with Engel & Völkers Madeira Seashore, represented each the customer and vendor, who want to stay nameless. The $5.5-million transaction set a brand new report as the costliest sale in Treasure Island for general worth and worth per sq. foot at $834 per sq. foot.
“This was a particular property to signify,” mentioned Pedone. “The historic significance of the cottages, the seashore breezes and enjoyable retro Florida design are just some causes this property will endlessly maintain a spot in my coronary heart. The variety of parcels and acreage the property occupies was uncommon and performed a big function within the worth. You don’t discover beachfront alternatives like these typically. I’ve offered ten of those earnings property lodges and have been capable of get report costs for them.”
Situated within the idyllic group of Sundown Seashore, the Sundown Inn & Cottages options 13 basic resort rooms and small cottages as visitor quarters; all of which have been renovated to a excessive customary, with luxurious finishes. The $5.5-million price ticket crowns it as the costliest property offered in Treasure Island — beating the earlier record-holder by $1.2-million. The standard worth for a property in Treasure Island is $618,822 US {dollars}, the place costs have risen by 36-percent over the previous yr.
“Our space has been ‘found’ as one of many final remaining seashore communities that also represents a great worth for traders,” mentioned Michael Wyckoff, Managing Dealer of Engel & Völkers Madeira Seashore. “This lovely property stands out for instance of the quaint character of the realm and is a haven for guests to grow to be immersed within the idyllic nature of Treasure Island. Evan did a stellar job in presenting this property to the market and has grow to be a high advisor by capturing the essence of the properties that he represents, persistently setting information for acquiring the very best worth for his purchasers.”
Pedone has grow to be the go-to actual property advisor for notable purchasers in his market due to his profitable illustration {of professional} athletes, celebrities and enterprise executives. Within the final two years alone, he’s facilitated 21 transactions totaling greater than $31-million.
“Evan is a shining instance of our advisors who leverage the Engel & Völkers model and make the most of our methods and instruments to realize listings and purchasers that they in any other case couldn’t with different corporations,” mentioned Peter Giese, CEO Engel & Völkers Florida. “We look ahead to supporting him to proceed setting new gross sales information as a high actual property advisor within the Tampa Bay space.”
About Engel & Völkers
Tampa Bay space Engel & Völkers retailers ranked as a High Office, 4 years in a row, by the Tampa Bay Occasions. Engel & Völkers is without doubt one of the world’s main service corporations specializing within the brokerage of premium residential property, industrial actual property, and yachts. Engel & Völkers presents each personal and institutional purchasers a professionally tailor-made vary of providers. To be taught extra about Engel & Völkers South Tampa and its staff of advisors, go to www.southtampa.evrealestate.com. To be taught extra about Engel & Völkers Madeira Seashore and its staff of advisors, go to ww.madeirabeach.evrealestate.com. To be taught extra about Engel & Völkers Belleair and its staff of advisors, go to www.belleair.evrealestate.com.

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