Sage Longboat Key is sold out! It's no secret that luxury inventory has been moving quickly throughout Sarasota - we've highlighted the demand escalation and shortened transaction times in our recent market reports. The record-setting pace of selling out Sage LBK illustrates the incredible desirability of our market and the premium lifestyle preference for buyers seeking a combination of space and seclusion with access to amenities and entertainment.
The sales for the 16 units at Sage LBK began in September 2020 and by March 2021, after only six months, all units were claimed. Site demolition is underway and the groundbreaking is projected for early May, with project completion targeted for the first quarter of 2023. The demand for ultra-premium residences in our region is at an extraordinary high, reinforcing the sellers market that we've been talking about.
Congratulations to the lucky few who will own at Sage LBK!