For 2025, a new market threshold passed and a record set with the $30.3 million sale of a 19,300 square foot estate on South Longboat Key named ‘Serenissima.’
And while the opulence of the home is undeniable, the real significance of the transaction was the immediate infusion of confidence and excitement in the luxury market in Sarasota and the islands.
“The recent sale of the property at a competitive price point underscores the resilience and vitality of our local market,” said buyer’s agent Judy Kepecz-Hays following the sale.
The home, located on 145 feet of Gulf-front beach behind the gates on South Longboat Key at 845 Longboat Club Road, sold in 25 days after being listed for $35 million.
In fact, the property brought six showings and the buyers acted quickly and decisively as interest mounted as they went from initial showing to executed contract within one day.
Originally from Indiana, the buyers already own property in Sarasota and had been considering Longboat Key for some time.
“They fell in love with the home immediately,” Kepecz-Hays said. “They loved it and within a few hours we had it under contract.”
The sale tops last year’s sale at Longboat’s St. Regis Residences, which until now held the record for the most expensive residential sale in Sarasota County when it closed at $21,244,000 last year. “Such transactions help establish new market benchmarks, attract serious investors and generate renewed interest in our beautiful area,” said Judy Kepecz-Hays.
Built in 2005, Serenissima last sold in 2020 for $16.5 million—then a record-tying price for Sarasota. The home is situated in Regent Court, a collection of a handful custom mansions tucked between the Islandside golf course and the Gulf of Mexico on the very South end of Longboat Key.
