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Boca Grande home sells for $9.5M

August 15, 2018
Island Reporter, Captiva Current, Sanibel-Captiva Islander

Stephen Gay, Realtor for Smith & Associates Real Estate, recently sold a $9.5 million home on Boca Grande, at 4561 Shore Lane. The sale marks the third highest real estate transaction of the year for the Gulf coast and a record-breaking sale for the company. Bob Glaser, president of Smith & Associates, noted that the property sold for lot value. With 205 feet of beach frontage, the house sits on two acres. The seller, JJW&T Development Company, bought the property in 1980 for $197,500 and built the 9,580 square-foot home in 1981.

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