Sarasota is the little city that lives large.
With an estimated metro population of 821,500, the North Port-Sarasota-Bradenton metropolitan area ranks No. 72 out of 383 metropolitan areas in the United States. That's just 4 percent of the population living in No. 1 ranked New York-Newark-Jersey City, and 6 percent of No. 2 ranked Los Angeles-Long Beach-Anaheim.
But, when it comes to best places to live, U.S. News & World Report ranks Sarasota No. 3 in best places to retire and No. 18 in best places to live. New York is ranked No. 90. Los Angeles, No. 107. Sarasota was credited for its arts and culture scene, as well as for its beaches, which annually rank among the best in the world.
For ultra-wealthy individuals, the added benefit that Florida has no personal income tax adds to the Sarasota attraction. According to a recent article in The Real Deal, the savings from living in a state like Florida that doesn't have a personal income tax could be enough to buy a luxury home here.
While the greater housing market has experienced a nationwide slowdown, the appetite for luxury homes in Sarasota has surged.
According to Peter Laughlin, luxury real estate agent with Premier Sotheby's International Realty, "In the first three months of 2019, 10 properties over $5 million sold, and three are under contract. That's more than sold in all of 2018. These first-quarter results show a major shift in the Sarasota luxury real estate market, which we have not experienced for many years. We expect this trend to continue, making 2019 an outstanding year for luxury real estate in Sarasota."
For luxury home buyers looking to find their place in the sun, Sarasota does not disappoint. Here's a look at the 10 highest-priced properties on the market right now, ranging in price from $10 million to $16.5 million.
To-be-built luxury residence on two-acre Gulf-front estate property with 240-foot frontage on Gulf of Mexico. 10,000-square-feet residence with five bedrooms, six-and-a-half baths and all the amenities for full enjoyment of a luxury island lifestyle.
Enchanting Villa del Sogno, behind the gates of the Longboat Key Club in a gated enclave of eight privately-gated beachfront estates. 1.35 acres with beach frontage on the Gulf of Mexico. 12,095-square-foot residence with six bedrooms and eight-and-a-half baths.
To-be-built residence on 2.4 acres with 264-foot frontage on the Gulf of Mexico. 9,000 square-foot residence with seven bedrooms, eight-and-a-half baths, guest house and central courtyard for indoor-outdoor living.
Located on the north end of world-famous Siesta Key, this estate takes full advantage of its incredible peninsular setting with over 700 feet of waterfront. 8,138 square-foot residence with four bedrooms and six-and-a-half baths.
Gracious Florida living on 1.58 acres with nearly 200 feet of pristine sandy beach on Longboat Key. 12,752 square-foot residence with six bedrooms and eight baths.
Villa Sena—a 1.98-acre private and elegant estate on Longboat Key with 150-foot beachfront on the Gulf of Mexico. 10,087-square-foot residence with seven bedrooms and seven baths.
3.55-acre estate at The Concession, a prominent country club community with championship golf just east of Lakewood Ranch. 17,756-square-foot residence with six bedrooms and 12 baths, 16-seat high-tech home theater and underground wine cellar with tasting room.
Located behind the gates of the exclusive Sanderling Club on Siesta Key, this Gulf-front estate consists of two residences, Aquadisia and The Point. Serene sanctuary on just over 3 acres with 542 feet of private Gulf of Mexico frontage.
Villa de Paradiso overlooks the Gulf of Mexico's turquoise waters and is beautifully situated on 1.42 acres with 200 feet of pristine beach on the 8-mile island of Casey Key. 10,291-square-foot residence with six bedrooms and 10 baths.
To-be-built Sarasota School of Architecture-inspired modern estate on the southernmost point of Lido Key. .89-acre homesite with 455-foot seawall and six-foot deep-water draft. 8,500-square-foot residence with five bedrooms and six-and-a-half baths.
Peter G. Laughlin
Premier Sotheby’s International Realty