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The Most Costly Houses in Sarasota by Sarasota Journal


In comparison with Buckingham Palace, valued at $1.6 billion, or the priciest dwelling within the U.S., dubbed “The One” in Bel Air, Los Angeles, valued at $123,833,152 million, the Sarasota-Manatee luxurious dwelling market stays humble, even whereas it lately launched its costliest itemizing but, at $25 million.

To place collectively this record of our space’s costliest properties, we used native property appraiser data to search out the realm’s 10 most extremely valued properties for 2022. (All 10 are positioned in Sarasota County; Manatee County’s costliest house is positioned on Longboat Key and is valued at almost $12.5 million.) What shocked us—given all the brand new wealth pouring into the area and the reams of recent, high-end development—is how steady the highest 10 record stays when in comparison with the final time we up to date this record, in 2019. Seven of the ten properties from three years in the past nonetheless rank within the prime 10 and are nonetheless owned by the identical folks.

What the listed properties share could also be apparent: a primary waterfront location, privateness and a great deal of sq. footage. Right here’s a have a look at the highest 10 and who owns them.

Exterior photo of 1420 Bay Point Drive, Sarasota

No. 1: $22,102,500

1420 Bay Level Drive, Sarasota

Proprietor: Katherine Ebbeson

Worth in 2021: $15,135,200

Former Congresswoman and Florida Secretary of State Katherine Ebbeson (née Harris) constructed this 16,016-square-foot bayfront dwelling in fascinating Bay Level Park in 2012. The structure follows the Beaux-Arts fashion, based mostly on Paris’ Resort Biron, which was constructed in 1730. The home has six bedrooms, 11 baths, a pool, a boathouse and a dock. Now out of politics (Ebbeson licensed the Florida recount within the controversial 2000 presidential election), Ebbeson—granddaughter of citrus and cattle magnate Ben Hill Griffin, for whom the College of Florida’s soccer stadium is called—married Texas banker Richard Ware in 2017; the couple splits their time between Sarasota and Amarillo, Texas.


Exterior photograph of 2309 Casey Key Road, Nokomis, Casey Key.

No. 2: $21,463,400

2309 Casey Key Highway, Nokomis

Proprietor: Ping Faulhaber

Worth in 2021: $17,094,600

The late Fritz Faulhaber and his engineer spouse, Ping, appreciated the friendliness of Sarasota and the schooling at Pine View, in order that they moved their younger household to Casey Key from Clearwater, the place The Faulhaber Group corporations are headquartered. They bought this Gulf-to-bay property for simply over $2 million in 1998, constructed a 19,674-square-foot, Spanish-style dwelling in 2007 and later created an award-winning 1.2-acre pagoda backyard. The Faulhabers additionally created the Suncoast Science Heart/Faulhaber Fab Lab in Sarasota to encourage younger folks to enter careers in science. Ping is the chief director, and, final yr, was elected to the Gulf Coast Neighborhood Basis’s board of administrators for a three-year, four-month time period.


Exterior photo of 132 N. Washington Drive, Sarasota

No. 3: $21,281,600

132 N. Washington Drive, Sarasota

House owners: Jeffrey and Mary Penny Vinik

Worth in 2021: $15,382,000

Hedge fund legend and Tampa Bay Lightning proprietor Jeffrey Vinik and his spouse, Mary Penny, personal this showstopping mega-mansion on St. Armands Key. One of many largest properties in Sarasota, it was reportedly nicknamed by neighbors the S.S. Magellan for its cruise ship proportions and for the $500 billion Magellan Fund Vinik managed within the ’90s. Vinik purchased two present mansions and razed them to construct this stark-white, ultramodern complicated of 24,040 sq. toes (16,245 indoors). The house contains eight bedrooms, eight full loos, 5 half baths and a swimming pool on Sarasota Bay with a view of the Ringling Bridge. Vinik can also be growing the $3 billion mixed-used Water Avenue Tampa challenge and is an investor in ventures from skincare to radiation safety gear for troopers and online game headsets, based on the Tampa Bay Instances.


Exterior of 1253 Hillview Drive, Sarasota

No. 4: $20,964,300

1253 Hillview Drive, Sarasota

House owners: Bridgeview Land Belief, David and Lisa Grain

Worth in 2021: $16,211,300

Funding government David Grain and his spouse, Dr. Lisa Butler Grain, personal this property in Harbor Acres, one of many hottest neighborhoods on the town. Grain was a Wall Avenue funding banker after which an government within the telecommunications business earlier than he launched his personal non-public funding agency, Grain Administration. As soon as owned by Dow Jones Co. billionaire heiress and New School of Florida supporter Jane Bancroft Cook dinner, the house was bequeathed to New School and offered at public sale for $3.9 million. The property sat empty for years earlier than the Grains bought it in 2006 for $6.5 million. In 2018, they constructed a 28,182-square-foot, four-bedroom mansion. Tapped for management on many state and federal councils, together with being appointed to a U.S. Division of Homeland Safety council by President Barack Obama, David Grain can also be the founder of a school prep program that has helped lots of of native African American and Hispanic college students with their SATs, faculty journeys and enrichment applications.


Exterior of 2209 Casey Key Road, Nokomis

No. 5: $20,318,800

2209 Casey Key Highway, Nokomis

House owners: Walter and Marilyn Kreiseder

Worth in 2021: $16,322,700

Inventor and plastics mogul Walter Kreiseder and his spouse, Marilyn, personal this Casey Key Mediterranean mansion. Walter, who holds quite a few patents, was a former proprietor of injection molder Courtesy Corp. in Illinois. Bought in 1999 for almost $4 million, the unique dwelling, designed by Ralph Twitchell of the Sarasota Faculty, was razed to make means for a 14,898-square-foot dwelling with 4 bedrooms, eight loos, a seaside cabana and a ship dock. Throughout the construct, it was rumored to be Oprah’s new abode. The gossip garnered the positioning undesirable consideration and drop-ins from wannabe paparazzi till somebody erected a hand-drawn signal that learn, “Not Oprah’s.” Builder Michael Walker, president of Michael Ok. Walker Associates in Sarasota, who led the challenge, says he isn’t certain how the rumor acquired picked up, however says an elongated letter “O” cutout form within the privateness wall might have been the wrongdoer that even had tour buses stopping to gawk.


Exterior of 845 Longboat Club Road, Longboat Key.

No. 6: $19,831,800

845 Longboat Membership Highway, Longboat Key

Proprietor: 845 LBCR Land Belief, James and Laura Rogers 

Worth in 2021: $14,406,500

Serenissima, Italian for “most serene,” made headlines in 2017 when it went available on the market for $26.5 million, making it Sarasota’s costliest single-family itemizing ever. The worth later dropped to just about $19.8 million on the time of the sale and fetched $16.5 million when it will definitely offered in 2020, tying it with a Casey Key dwelling for the costliest residential sale in Sarasota County. The house is a grand Venetian-inspired property within the Longboat Key Membership’s Regent Court docket neighborhood and has almost 20,000 sq. toes of residing area, together with six bedrooms, six full baths and two half-baths, and beneficiant outside terraces with water views. Amongst its many customized particulars are a gilded birdcage elevator and painted by hand murals on the eating room ceiling.

The tackle is the house base for the James and Laura Rogers Basis, a nonprofit that has donated to arts and youth improvement nonprofits in Tennessee. The Rogers began the muse in 2011. “They’re the nicest down-to-earth folks,” says Wealthy Polese, a founding agent with Compass who represented the Rogers within the transaction. “They determined they needed to discover properties in Florida, appeared on the east coast and weren’t impressed, after which came visiting to the west coast. The primary time they ever got here to Longboat is after I met them, they usually completely fell in love with it.”


Exterior of 4449 Bay Shore Road, Sarasota

No. 7: $19,809,700

4449 Bay Shore Highway, Sarasota

House owners: James and Maryann Armour 

Worth in 2021: $15,358,900

This large, 21,192-square-foot Parisian-inspired dwelling overlooking Sarasota Bay is owned by James and Maryann Armour. He’s the previous chief government officer and chairman of AM Common, LLC of South Bend, Indiana, a protection contractor that makes Humvees and Hummer SUVs. The Armours bought the unfinished dwelling for $19 million in 2008 from financier Howard Jacobs. After years of controversy and lawsuits over the present dwelling’s defects, the Amours ended up investing $14 million in renovating it. The three-story, Beaux-Arts-style dwelling has 10 bedrooms, 17 loos and a pool. The Amours are supporters of the High quality Arts Society of Sarasota and Selby Gardens.


Exterior of 857 Longboat Club Road, Longboat Key

No. 8: $17,997,400

857 Longboat Membership Highway, Longboat Key

House owners: Nice Actual Property LLC, Clayton Lee and MaryAnn Mathile 

Worth in 2021: $12,587,400

In-built 2008, this 15,954-square-foot dwelling has six bedrooms, 12 loos and a pool. Bought in 2000 by Clayton Lee Mathile and his spouse MaryAnn, they transferred the deed to Nice Actual Property in 2003. After leaving his job as an accountant on the Campbell Soup Firm, Mathile, initially from Ohio, purchased the Iams pet meals firm in 1982 and constructed it right into a powerhouse, then offered it to Proctor & Gamble in 1999 for $2.3 billion, inserting him on the Forbes billionaire record. He even has a Wikipedia web page. Notable philanthropists, MaryAnn acquired an honorary physician of humanities diploma from Saint Mary’s School in 2006, and she or he and her husband gifted the college $9 million in 2011. Based in 1989, The Mathile Household Basis has granted greater than $230 million to nonprofits that assist kids and households. Clayton Mathile additionally based Aileron, a nonprofit centered on serving to companies thrive, and has authored self-help books centered on methods to win massive in enterprise.


Exterior of 3332 Gulfmead Drive, Siesta Key.

No. 9: $16,590,200

3332 Gulfmead Drive, Siesta Key

Proprietor: Gulfmead Land Belief

Worth in 2021: $3,074,700

We may discover scant particulars about who lives at this dwelling, which was constructed final yr after the thriller homeowners razed a 1970-built home that beforehand sat on the property. Sitting on just below an acre of waterfront on the very northern finish of Siesta Key, it has two buildings and a complete of virtually 10,000 sq. toes of residing space, with seawalls on Bayou Louise and Massive Move.

With the prime location comes a slice of historical past—it’s the place Harry Higel’s Resort Higelhurst as soon as stood. Higel moved to Sarasota within the Eighties, turned concerned in politics (he was elected mayor 3 times and served 4 phrases on town fee), and fought for Sarasota to include right into a city. He additionally remodeled this difficult-to-reach backwoods location right into a resort vacation spot for rich snowbirds. The Higelhurst was two tales tall, with columns throughout and a big screened porch on the second flooring. It opened in 1915, with Higel ferrying 200 celebratory friends to and from the mainland on considered one of his boats.

However inside two years, simply earlier than the Siesta bridge was formally opened, the lodge burned to the bottom, and on Jan. 7, 1921, Higel’s physique was found on north Siesta Key, his head and face so badly battered that he was not recognizable. A doctor cleaned his wounds and stabilized him as greatest he may, however Higel, 53 on the time, by no means recovered. Rube Allyn, who additionally lived on Siesta Key and was a former editor of The Sarasota Solar and writer of the Florida Fisherman, was arrested for the crime and jailed in Bradentown for his security. (Historian Karl Grismer wrote that he may need been lynched in any other case.) A grand jury determined there wasn’t sufficient proof to carry him for trial, and he was launched 61 days later. A $1,000 reward was supplied, however the wrongdoer was by no means recognized.


Exterior of 6910 Point of Rocks Road, Sarasota

No. 10: $16,339,800

6910 Level of Rocks Highway, Sarasota

House owners: Gary and Elizabeth Kompothecras

Worth in 2021: $12,879,100

Gary and Elizabeth Kompothecras purchased land on Siesta Key in 2003 for $2.3 million and constructed this 13,562-square-foot dwelling by 2010. The founding father of the 1-800-ASK-GARY referral service and a former chiropractor, Gary says it took seven years since there have been “numerous change orders and ready on supplies like imported silks and limestone.” The seven-bedroom, seven-bathroom dwelling features a sauna, sizzling tubs, a bowling alley, a steam room, a wine cellar, a theater and personal seaside entry. The multi-storied, columned mansion was modeled after William Vanderbilt’s Marble Home in Newport, Rhode Island, which was designed by architect Richard Morris Hunt in 1892. That dwelling mirrored the style of Vanderbilt’s spouse, Alma, who was educated in France and developed a passion for its artwork and tradition. In actual fact, it was that mansion that began the Beaux-Arts craze in Newport.

Regionally, the Kompothecras dwelling is without doubt one of the most well-known homes on the town, because of its starring position within the MTV actuality present Siesta Key, which initially adopted the couple’s son Alex and his cohort. “I get numerous knocks on the door from folks wanting a tour,” Gary says. The property is within the midst of a rework that kicked off a yr and a half in the past and can price the couple roughly $5 to $6 million. It ought to wrap up in about six months. Already, they’ve added torches out entrance, “like Mount Olympus,” Gary says.

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