Crystal Waters, a nearly three-acre waterfront estate on Siesta Key, has sold after going under contract 49 days after a new brokerage took over its listing. The property was offered for $29.995 million, but the final sale price was not disclosed. Its brokerage described the deal as the Sarasota area’s largest residential sale of 2026.
Key takeaways
The sale brings a high-profile Sarasota waterfront property off the market after more than a year of earlier marketing. The estate combines a newly built main residence with extensive guest, boating and recreation amenities.
- The property is at 8501 Midnight Pass Road on Siesta Key.
- It was listed for $29.995 million; the closing price was not released.
- New listing agents secured a contract 49 days after taking over.
- The brokerage called it the region’s largest residential sale of 2026.
A sprawling bayfront property
Crystal Waters occupies almost three acres and has 217 feet of frontage on Little Sarasota Bay. Its 10,267-square-foot main residence includes five bedrooms, six full bathrooms and two half-baths. Construction was completed in 2024.
The estate also includes a roughly 2,000-square-foot guest house, a tennis court and pavilion, garages, a 56-foot saltwater pool and a 90-foot dock with a boat lift. The sale includes a furnishings package, according to the listing announcement.
New agents found a buyer in 49 days
Kim Ogilvie and Lynn Morris of Michael Saunders & Company took over the listing June 8, after the property had been marketed by another brokerage for more than a year. They secured a contract July 27, according to the firm. The brokerage did not disclose the final sale price.
Ogilvie said the transaction reflected continued demand for exceptional real estate, while Morris said the team used a targeted campaign to reach luxury buyers. The firm identified the sale as the Sarasota area’s largest residential transaction of the year.
Designed for a luxury waterfront lifestyle
Florida-based Stofft Cooney Architects designed the residence, which was custom built by Florida West Builders. Atlanta-based designers Phoebe and Jim Howard handled the interiors. The home features custom millwork, imported stone and European oak flooring.
The property previously sold in 2019 for $3.125 million. Its latest listing positioned the estate around its waterfront setting, architecture and extensive amenities.
Sources
- Sarasota waterfront mansion listed for nearly $30 million sells, Bradenton Herald.