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$21 Million Record-Breaking Condo Sale Defies Market Trends

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$21 Million Record-Breaking Condo Sale Defies Market Trends

Recently, a combined double-unit condominium at this prestigious address set a new record for Sarasota County’s real estate market, selling for a jaw-dropping $21,244,000—the highest price ever recorded for a condo in the area. This opulent residence, with its unparalleled proximity to the Gulf of Mexico, boasts unobstructed views of the water, making it a standout property in an already exclusive market.

The sale also places this residence among the top real estate transactions in the county. Earlier this year, a waterfront Harbor Acres home sold for $20 million, and a downtown Epoch condo reached nearly $11.4 million.

The combined St. Regis unit spans an impressive 10,887 square feet, featuring six bedrooms, seven full bathrooms, and two half-baths. The outdoor space adds another 7,500 square feet, including a private glass-front plunge pool overlooking the Gulf.

For those hoping to secure a slice of this exclusive property, the news may be bittersweet—all units have sold out. However, the property is proving to be an excellent investment, with resale values already on the rise. In October, a unit resold for $13 million, just weeks after its initial purchase price of $9,011,000—a testament to the growing demand for residences at this iconic Longboat Key location.