Michael Saunders & Co. Celebrates Sale of Record-Breaking $21.4 Million Condominium at The Residences at The St. Regis Longboat Key
More than $440 million in real estate closings now underway for sold-out property. Michael Saunders & Company is celebrating the formal sale of a record-breaking 11,000-square-foot, $21.4 million luxury condominium residence within the new
Residences at The St. Regis Longboat Key. This represents the highest-priced condominium sale in Sarasota County history. Michael Saunders & Co. is the exclusive listing agent for
The Residences at The St. Regis Longboat Key, which ranks as the largest development on the island in 50 years. The firm led the successful sale of all 69 condominium residences on the property, well ahead of schedule. Situated on an expansive 18 acres in Longboat Key, Florida, this luxury beachfront property features breathtaking ocean views, outstanding culinary experiences, and world-class amenities, all reflective of The St. Regis brand's signature distinctive design and exceptional service. This week, real estate closings began for The Residences at The St. Regis Longboat Key and will ultimately total nearly a half billion dollars in real estate transactions in Sarasota County. With the property opening to residents and resort guests this month, The Residences at The St. Regis Longboat Key and The St. Regis Longboat Key Resort becomes the 9,000
th property within the Marriott International Inc. fleet. “We are immensely proud of our team that came together to help bring the sale of this truly special residence to a thrilling conclusion,” said Michael Saunders, founder of the firm that bears her name. “The St. Regis is setting an exceptional new standard for what is possible in real estate development in this region and beyond.” For more than 49 years, Michael Saunders & Co. has been a leading broker for luxury and ultra-luxury real estate in Sarasota and beyond. Within Charlotte, Manatee and Sarasota counties, Michael Saunders & Co. ranks #1 in sales of residences priced above $1 million, $2 million and $3 million, with more than $454 million in sales of homes priced above $3 million. The sale of this particular condominium residence involved merging two residences, the “Armand 201” and “Armand 202” – together comprising almost 11,000 square feet of interior space. The exterior areas include 7,500 square feet of open space with an extended terrace with two pergolas and two personal glass-front plunge pools with unobstructed views through the pools to the Gulf of Mexico. Michael Saunders & Co. new construction specialists Georgia Kopelousos and Lynn Morris represented the developer, while Michael Saunders & Co. agent Michael Moulton represented the buyers, whose names are confidential. In addition, owners of this residence and all other buyers at The St. Regis have access to a private Residence Clubhouse and Wellness Center, private pool area and private beach area in addition to all amenities at The St. Regis Resort Longboat Key. Developed by Unicorp National Developments Inc. and designed by SB Architects, Hirsch Bedner Associates (HBA Miami) and Dutch East Design, The St. Regis Longboat Key Resort is setting the tone for the brand's expanding resort portfolio, marking the largest development on the island in more than 50 years. Author: Richard Mullins, Vice President, Tucker/Hall
