Under Construction. A vision of architectural brilliance, this extraordinary estate, nestled on a nearly two-acre site on the Gulf of Mexico, is poised to redefine comfortable coastal living. Currently under construction with a cost basis of approximately $25 million, this landmark residence is destined to be one of the most iconic homes on Sarasota’s Gulf Coast. Conceptualized by internationally acclaimed Sweet Sparkman Architecture and Interiors, the design reflects a fusion of bold innovation, timeless elegance, and an intimate understanding of the coastal environment. The main residence is a masterpiece of refined sophistication, featuring an expansive primary suite with dual bathrooms and custom closets, a stately office, a dramatic foyer, and an open-concept great room leading to an elegant terrace with breathtaking views. Culinary enthusiasts will appreciate the convenience of dual kitchens—a main kitchen for entertaining and a chef’s kitchen for refined preparation—alongside a stunning wine cellar and formal dining room. Additional highlights include a lavish lounge, state-of-the-art cinema, multiple guest suites, a charming bunk room, a kitchenette for the guest suite level, and a breathtaking rooftop deck offering panoramic views. Complementing the residence is an exquisitely designed guest house as well as a pool house, creating a private retreat for guests and seamless entertaining. The estate’s exterior is equally fascinating, with lush, resort-inspired landscaping, tranquil water features, a tennis and pickle ball court and vast outdoor living spaces. The centerpiece is an enormous, shimmering pool, complete with a luxurious spa and an expansive deck offering countless options for alfresco dining and grand-scale gatherings. This exceptional estate embodies unparalleled craftsmanship and luxury. As construction progresses, the price will evolve, offering a rare opportunity to claim a bespoke piece of coastal elegance. Enjoy the ultimate island lifestyle on Longboat Key, renowned for its pristine beaches, tranquil ambiance, and world-class amenities. This idyllic retreat offers easy access to The Resort at Longboat Key Club, The St. Regis, St. Armands Circle, and the vibrant cultural offerings of downtown Sarasota. This extraordinary property offers the perfect balance of seclusion and connectivity in one of Florida's most sought-after destinations. Forbes Travel Guide’s Top 12 Destination for 2025 includes Longboat Key.
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Our Executive Mortgage Banker:
Our Insurance Division:
$25,000,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $20,000,000 | $20,000,000 | $20,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.261% | 6.748% | 6.847% |
Monthly Tax Payment | $6,048 | $6,048 | $6,048 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $133,061 | $128,062 | $175,599 |
Total Monthly Payment | $139,234 | $134,235 | $181,772 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.