Longboat Key Mansion Sells for Record $30M
Record-Breaking Sale Details In a record-breaking transaction, a Longboat Key mansion was sold for an extraordinary $30.3 million. This sale has shattered previous records for the region. This transaction marks a significant milestone by surpassing Sarasota County's previous residential price record of $21.244 million at St. Regis Residences. It is now the highest residential transaction on Florida's west coast outside the Naples market. Executed entirely in cash, this deal underscores strong buyer confidence. The rapid sale within 25 days reflects heightened demand and market velocity. Notably, the increase from the previous sale price of $16.5 million in November 2020 to the current $30.3 million indicates significant value appreciation within the local luxury market. Amid the Trump administration's regulatory and land use reforms , some buyers are motivated by potential opportunities presented by changes in land use policies. This highlights luxury trends favoring ultra...