Longboat Key Home Sale Sets Record at $7.9 Million

SARASOTA, FL – August 5, 2020 – Janet Coughlin of Bright Realty has brought the buyer to the highest priced single-family home sold in the past year on Longboat Key in Sarasota County, and the second highest on all of Longboat Key according to the MLS. Selling for $7.9 million, the home is located in the exclusive Lighthouse Point neighborhood on the south end of Longboat Key.

Known as “The White House,” it was built at the tip of the Key, behind the prestigious gates of the Longboat Key Club. Coughlin brought her buyers to see the property because although they were initially looking in the Naples area, on a whim they took a drive to Sarasota and fell in love with Main Street, St. Armands Circle, and the beautiful beaches.

“I always look further and harder to find the perfect place for my buyers,” said Janet Coughlin. “I knew this home and the community suited their needs and also fulfilled their wish list in beauty and function.”

With more than 9,000 square feet, this magnificent 5 bedroom, 8 bathroom, single-family home sits on just over an acre of land. With 450 feet of waterfront, the unobstructed views span the blue-hued brilliance of Sarasota Bay and Sarasota’s sparkling skyline beyond.   

When asked about the challenges of helping buyers and sellers during the COVID-19 pandemic, Coughlin states that she remains busy especially in the single family home market, and that years of experience with long distance buyers have made for a relatively smooth transition. According to the Realtor Association of Sarasota and Manatee, June of 2020 showed a rebound over the previous month for pending sales and new listings. Low inventory and low interest rates has helped pricing to remain strong during this time. 

“Realtors in this area are no strangers to remote real estate transactions,” said Coughlin. “We are fortunate that we are able to provide substantial service while following safety guidelines.”

Since the beginning of this year, there have been a total of 3 sales over $7 million in Sarasota County. There are currently 8 active properties in the MLS over $7 million on Longboat Key, and 10 in Sarasota County.

The home was listed by The Ackerman Group of Coldwell Banker Realty. 

To learn more about Janet Coughlin or real estate in Sarasota or Manatee Counties, call 941-323-3736 or visit www.lovingsarasota.com.