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ALTISOURCE ANNOUNCES WIND DOWN AND CLOSURE OF OWNERS.COM TO INCREASE FOCUS ON CORE BUSINESSES

Luxembourg, October 8, 2019 - Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced that it decided to wind down and close Owners.com’s operations. The Company believes that closing Owners.com supports its simplification strategy, eliminates the cash burn associated with this earlier stage business, and increases focus on the core real estate and mortgage businesses.

"Owners.com has been making encouraging progress in demonstrating that a better consumer real estate model based on technology and service may be viable," said William B. Shepro, Altisource’s Chairman and Chief Executive Officer. Shepro further commented, "However, as we continue to work to simplify Altisource and focus on our larger opportunities, we concluded that closing Owners.com is in Altisource’s best interests given the time horizon and level of additional investments needed in order for Owners.com to operate independently. I am proud of the very talented and dedicated Owners.com team and want to thank them for their contributions."
ACTIVE
195 days on Owners.com
6150 Manasota Key Rd
ENGLEWOOD, FL 34223
4 Beds
6 Baths
5,096 ft2
$2,245,000
Owners.com Estimate:
Estimated Payment:$8,430/mo

Elegant and luxurious style and finishes combine to create a gulf-front residence with the perfect combination of indoor and outdoor space

The expansive great room with soaring 20-foot ceiling and a bank of french doors leads directly outdoors to over 2,000 sq. ft. of redesigned screened entertaining space - including a heated luxury pool with water feature and gorgeous gulf views. Continue through the gated property to the beach where you can walk, play, sun, or swim in the Gulf of Mexico. Over 5,000 sq. ft. of interior space include a library, media room, sauna, 3+ car garage, formal dining room, pool bath, and so much more. The chefs kitchen affords top-of-the-line appointments including a large island, dual ovens, warming drawer, sub-zero refrigerator, two dishwashers, wet bar, wine fridge, and gas range. The 850 sq. ft. master suite is accessed by private elevator or custom stairway and features additional gulf views from the balcony, a sitting room, two walk-in closets, en-suite with whirlpool tub, his/hers toilet rooms & vanities, and walk-in shower. Two of the guest rooms are in a private second-floor suite affording more amazing gulf views, two full baths, living area with kitchenette, and front and rear balconies. The entire estate is fully fenced, gated, and enhanced by tropical landscaping that brings home the Southwest Florida experience. Property is offered fully furnished. Make this your exclusive beach-side estate!

Property type
Single Family Home
Structure
Two Story
Year built
2002
Parking
Boat, Driveway - Circular, Driveway, Garage Door Opener, Garage - Side Entry, Oversized
Price/Sqft
$441
MLS #
C7415176
Lot Size
44431 sqft
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My NotesiThis is a place for you to write your thoughts and notes about this home. Only you will be able to see the notes.

My Home Features

Rooms

Bedrooms: 4
Virtual Tour: virtual tour | Room Types: Den, Media Room, Laundry

Bathrooms

# of Full Bathrooms: 4
# of Half Bathrooms: 2

Interior

Features: Furnished Or Unfurnished, Ceiling - Fan(s), Vacuum - Central, Crown Moldings, Elevator, Sauna, Counter(s) - Stone, Thermostat, Bar - Wet Bar, Security System

Exterior

Features: Balcony, Fence, Lighting, Shower, Rain Gutters, Patio - Covered, Patio, Rear Porch, Porch - Screened | Pool: true, Gunite, Heated, In Ground, Lighting, Outside Bath Access, Saltwater, Screen Enclosure, Tiled

Building

Property Types: Single Family Home, Residential | Year Built: 2002 | Structure: Two Story | Architecture: Custom, Florida, Spanish/Mediterranean | Construction: Block | Condition: Completed | Roof: Tile | Siding: Stucco | Foundation: Slab | Floors: Tile, Travertine | Windows: Window Treatments, Furnished - Blinds, Furnished - Curtains / Drapes, Insulated, Storm Shutters

Garage & Parking

Parking: Boat, Driveway - Circular, Driveway, Garage Door Opener, Garage - Side Entry, Oversized | Garage: true | Attached Garage: true

Lot

Lot size: 1.02 acres | Lot size: 44431 sqft | Lot range: One + to Two Acres | Lot Features: CoastalConstruction Control Line, FloodZone, In County, Level, Oversized Lot, Street Paved | Zoning: RE2

Location

County: Sarasota | Subdivision: EL-GALLEONS REACH | Directions: 776 to Beach Road. North on Manasota Key. | MLS #: C7415176

Community

Condo Features: Pets - Allowed

Appliances

Appliances: Oven - Built-in, Cooktop, Dishwasher, Disposal, Dryer, Water Heater - Electric, Exhaust, Ice Maker, Microwave, Refrigerator, Washing Machine

Heating & Cooling

Air Conditioning: Central Air | Heating: Central Heating, Electric | Fireplaces: true, Gas

Utilities & Security

Utilities: BB/HS Internet Available, Cable - Interior Connections, Electricity, Propane | Safety and Security: Gated Entry, Smoke Detector

School

Elementary School: Englewood Elementary | Middle School: L.A. Ainger Middle | High School: Lemon Bay High

Owners.com Estimated Value

We calculate the Owners.com Estimate by analyzing sales for nearby similar properties. We use the best data sources, including MLS and county records to generate insights into the property value. You can even create your own estimate by selecting comparable sold listings.

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Local Insights

Listing provided by: Susan Hoeben 

Listing courtesy of: COLDWELL BANKER SUNSTAR REALTY |  (941) 637-1090 

Tools for buyers

Data provided by: My Florida Regional MLS DBA Stellar MLS
Last detected update: October 24, 2019 06:34AM EST ~ Verified on November 08, 2019 04:52AM EST

Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
All information provided is deemed reliable but is not guaranteed and should be independently verified.

Note: Estimated payment calculations assume 20% down payment with loan terms of 3.86% fixed APR for 30 years.

Property is available to all persons, regardless of race, color, religion, sex, handicap, familial status, or national origin.
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