It’s the oldest—and perhaps most glamorous—listing on the market right now. The home at 5021 Brywill Circle dates back to 1924, when movers and shakers like John Ringling and Owen Burns were molding Sarasota into a luxury winter destination for northerners, creating some of the area’s most notable landmarks.

In fact, this home was built by Silas Juliar, Charles Ringling's nephew, and sits roughly a block or so from John Ringling’s Cà d’ Zan mansion, which was under construction at the time. Born in Minnesota, Juliar came to Sarasota in 1924 to work at the Ringling Bank and Trust, established by his uncle.

Over the years, the five-bedroom, five-and-a-half bathroom home has changed hands and been updated by the likes of architects Frank Folsom Smith, Rick Garfinkel and the firm of John/Peterson/Holliday. It's also had notable owners, including the Lindsay family, who published the Sarasota Herald-Tribune. More recently, it was renovated by architect Greg Hall and builder Pat Ball, both known for historic preservation.

We featured the home when it was listed in 2014; in 2015, it sold to its current owners, Nikki and Jeffrey Sedacca, for $1.45 million. Now the home is for sale again for $3.2 million.

Nikki Sedacca owns 530 Burns Gallery in Burns Court and has a background in jewelry and interior design. She kept the home's architectural design elements, like the crown moldings, but removed four layers of wallpaper and replastered walls, painting them a bright, updated white that reflects the light. She restored the wood floors, added a glassed-in shower in the main bathroom and installed modern light fixtures throughout.

“It’s not as formal as it was because we wanted to give it a more relaxed feeling while keeping its glamour,” Sedacca says.

Perhaps the biggest change she made was to the “disco bathroom,” as it was known. Mirrors covered every wall and the ceiling, too, reflecting the bathroom’s harsh bright lights into a kaleidoscopic haze. Sedacca removed them and installed neutral-colored natural marble instead.

The Sedaccas have downsized, and appreciate their downtown Sarasota condo, but Sedacca says she'll miss her former backyard. An East Asian-style pavilion by the pool creates an “outdoor living room,” she says, “where we ate 90 percent of our meals.” There’s an outdoor kitchen, refrigerator and shower, and the trees are loaded with orchids she’s hung over the years. Lemon, lime and orange trees, along with gardenias and jasmine, spike the air with their perfume. “It feels like a spa in Bali,” she says.

The home's connection to the Ringling family will certainly give the next owner historic cachet. But there’s something some potential buyers may value more than a good legacy story: the potential to build whatever they choose. The home sits on almost half an acre and has no local or national historic designation, meaning it isn't protected as a historic landmark and its interior can be reconfigured like any other home. “We purposely didn't designate it as historic so that way buyers could have the flexibility they wanted,” Sedacca says. A request for demolition would, however, have to be reviewed and OKed by Sarasota's Historic Preservation Board.

Interested? Call John Robert Day (941) 400-1248 of RoseBay National Realty.