SIESTA KEY, FL – A lavish waterfront property in Siesta Key has just hit the open marketplace for a whopping $22 million, representing the highest-priced property listed in both Sarasota and Manatee counties thus far in 2023… a pricey milestone that experts are expecting may be surpassed for quite some time.
The 18,706 square-foot residence, located at 3799 Flamingo Avenue, is situated upon 1.4 acres of property on Siesta Key’s northern end and features full air conditioning throughout, in addition to 700 feet of waterfront space with a boat dock on the Intracoastal Waterway.
Joel Schemmel, who has listed the property for Premier Sotheby’s International Realty, noted that the estate offers the chance for an affluent buyer to own a secluded, high-end luxury residence that is also in the center of all of the exclusive dining and entertainment experiences they could ever want.
“An island paradise, it also offers a rare opportunity to own in one of Sarasota’s most coveted enclaves near the city’s best shopping, dining and world-renowned attractions,” he said.
The home, which was last sold in October 2019 for $10.5 million, was originally constructed in 2017; if it is scooped up for its current asking price, it would hold the new all-time record in Sarasota for a single-family home sale. This would be especially impressive considering that the previous all-time record was a massive $17.5 million for two residential lots in Harbor Acres, previously set in 2022.
Currently, the number of properties located in Sarasota and Manatee counties that are on sale for over $10 million number is at 49; however, none of their asking prices come even close to touching the Siesta Key estate’s $22 million.
Sarasota real estate in general has seen a recent decline in the overall number of sales being closed upon, but prices have remained steady regardless as sellers continue hold out hope for high returns on their investments.
Florida Gulf Residential specializes in the areas of Sarasota, Siesta Key, Bradenton, Lakewood Ranch, Longboat Key, Venice, Palmer Ranch, Osprey, Anna Maria Island and other Gulf Coast communities. Feel free to give us a call at (941) 304-1975 so we can answer any questions you may have.
Christopher Boyle is an investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher helps keep a keen-eye on what’s happening on the West Coast of Florida on behalf of FLORIDA GULF RESIDENTIAL – Your Real Estate Expert for Sarasota and Surrounding Areas.