Further reductions at two of our luxury listings are presenting new value potential to prospective buyers. The ultra-luxury market is softening as average days on market for premium properties have more than doubled over the average we marked at this time last year.
The yacht haven at 495 McKinley Drive is now $7,500,000, an incredible value for the protected waterfront location that offers private deep water dockage for a vessel of 70' or more. In addition to the rare expanse of waterfront and the yachting amenities, the home is a spacious and comfortable oasis located across from a conservation tract that will never be developed. This prime location on Lido Key is within steps of the white sand beaches of the Gulf and the activity of St. Armands Circle, a few minutes drive from Downtown Sarasota, and a few minutes on the water to the Gulf of Mexico.
At Sage LBK, a further reduction to the ultra-luxury beachfront new construction lists the home now at $5,650,000. This home is a spectacular blend of space and style literally on the beach of Longboat Key, with onsite amenities that create a true resort lifestyle. The boutique scale of the 16-home development, completed in 2023, ensures privacy and security. This residence, never before occupied, is a special opportunity to acquire brand new construction without any wait time and at a newly enhanced value with extraordinary appreciation potential.