A newly built Siesta Key waterfront estate has sold for $26 million, setting a new high for a residential sale in Sarasota County. The property at 3990 Higel Avenue sits on about an acre of Gulf frontage and pairs a roughly 13,000-square-foot home with deeded boating access and a private boat lift.
Key takeaways
- The $26 million sale sets a new Sarasota County residential price record.
- The Higel Avenue property includes direct Gulf frontage and a 20,000-pound boat lift.
- Listing agent Adnan Dedic said the home was still under construction when he began representing it.
A rare waterfront package
The new-construction estate offers sweeping water views and approximately one acre of direct Gulf frontage. Its deeded boating access and private 20,000-pound boat lift add a feature that can be difficult to find alongside a large Gulf-front home. The roughly 13,000-square-foot residence combines those amenities with the scale and setting expected at the top end of the local market.
The sale makes the property a landmark transaction for the county and Siesta Key. The listing material described it as a record for the barrier island as well as a new Sarasota County price record.
Selling the vision before construction was complete
Dedic, of Compass, said his relationship with the seller began years earlier, when he represented the owner on another Siesta Key home. That property, valued at about $5 million, reportedly drew multiple offers and sold in two days. The Higel Avenue assignment came with a substantially higher price point and a home that was still being built when he took it on.
Dedic said his marketing emphasized the property’s architecture, Gulf setting, size and boating access, helping prospective buyers picture the completed estate. He argued that luxury homes require deliberate positioning and exposure rather than relying on a listing alone.
A high-end market in the spotlight
The transaction comes amid growing attention to Sarasota as a destination for luxury buyers. Dedic said clients from major markets including New York, Chicago and California are increasingly considering the area alongside other established Florida luxury locations. The sale is one notable example of that interest, though a single transaction does not by itself establish a broader market trend.