June 22, 2021
Real Estate

Why luxury housing market in Sarasota-Manatee, around the US is booming

There was the Key West-style Longboat Key mansion that sold for $6.1 million before it was even posted on a major real estate website. Then there was the $5.7 million sale of a waterfront penthouse, the most expensive condo sale in Sarasota-Manatee in more than a year. 

And then there was the resort-like compound on Casey Key that, at $16.5 million, tied for the sale highest price ever in Sarasota County history. And that one sold in just 40 days. 

The luxury housing market in Sarasota-Manatee and around the country is booming. In the first quarter of 2021, 86 single-family homes with a price tag of $2.5 million or higher went under contract, as did 105 condos, according to data from Premier Sotheby’s International Realty. Last year, 21 homes and 12 condos went under contract during that same period.

Neighborhood workshop to discuss 144-home development

HGTV orders more…

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