FORBES:
Florida’s Longboat Key attracts five-star luxury development. Longboat Key a moneyed enclave, neighboring affluent Sarasota is a hot property right now. In Q3 2020 closed condominium and townhome sales above a million hit 102 compared to 39 in Q3 2019. Located in both Sarasota and Manatee Counties, Longboat Key is 9 miles northwest of Sarasota and almost 40 miles south of Tampa. The year-round population of around 7,0000 almost doubles from January to April thanks to snowbirds who primarily hail from the Northeast and Midwest.
With an average family income of $181,903 affluence is a way of life. Just a 15-minute drive from downtown Sarasota via a bridge this low-key barrier island has some of the most pristine beaches in the state. Siesta Key was named the #1 Beach in the U.S. in 2020 by TripAdvisor’s Traveler’s Choice Awards.
Surrounded by the Gulf of Mexico and Sarasota Bay Longboat Key’s residents appreciate the private location. “There is a big demand for the luxury boutique condominium product here,” notes Dan Kaplan, Managing Partner of New York-based developer PMG. Pre-sales were recently launched on PMG’s Sage Longboat Key Residences. The project an ultra-luxury boutique four-story condominium building with 16 private beachfront residences including private elevators and garages is what well-healed buyers want right now. “PMG was very active in the high-end luxury Miami condo market. When the demand there changed to high-end rentals, we moved our development to the strong West Coast market,” Kaplan explains. Floridays Development Co. is the co-developer alongside PMG.
These second and third homes are 4-bedroom and 4.5 baths ranging from 4,100 to 4,300 square feet. All boast “sunrise to sunset views” from the Gulf of Mexico to Sarasota Bay as Kaplan describes it. The price points begin at $4 million and top $6.5 million. Even with occupancy not scheduled until end of 2022 buyers wrote four contracts in the first several weeks of sales.
Another luxury addition coming to Longboat Key is The Residences at the St. Regis Longboat Key Resort. The development includes a five-star resort and 69 private residences from 1,553 to 5,895 square feet. Price points are from $2 million to $10 million. Residents will have concierge access to the five-star St. Regis Longboat Key Resort amenities and services including butler service, private beach club, plunge pools and a fleet of rental Bentleys. Unicorp National Developments is behind the project. “We see occupancy for the entire project as Thanksgiving 2023. We are seeing buyers who are already part-time Longboat Key residents. Those buyers are looking to make Longboat Key their permanent residence,” notes Chuck Whittal, president of Unicorp. According to Whittal sales are brisk with about 35 units sold since April. “All we had on the property was a sign and a phone number,” Whittal adds.
Premier Sotheby’s International Realty is handling sales for Sage. Premier’s Senior Vice President, Development Services, John Gleeson, knows the area well. “Historically our strong sales here are seasonal, from January through April. All that went out the window this year. In March we paused for six weeks. In mid-May sales took off and every month since we have been having record months.” Gleeson’s buyer profiles are mainly from the Northeast in the 55 plus age range. “Supply has become an issue with resales. There just aren’t enough properties. So new luxury condominiums have a ready market,” Gleeson observes. Looks like this small affluent barrier island on Florida’s west coast is ready for ultra-luxury development. For now, that is.
A new level of sophistication and luxury is on the way to Longboat Key. Designed for wellness, Sage Longboat Key offers advanced technology and elegant custom design features for the discerning few. This iconic new development is located on Longboat Key, a barrier island extending along the beautiful Gulf of Mexico. These 16 luxury beachfront residences with expansive 360-degree views of the Gulf of Mexico and Sarasota Bay are scheduled for delivery in 2022. Ranging from 4,100 to 4,300 SF, the residences feature premium finish packages and refined details to create a harmonious lifestyle with a wellness flair.
Sage Longboat Key is an entirely new environmental concept in wellness design and has unique amenities and features unlike any other. The residences are pre-configured for smart home technology, including lights, shades, thermostat and audio control, so the entire residence can be controlled by a smart phone. Air and water in each residence is filtered with the latest technology. Each 4-bedroom/4.5 bath residence features an expansive Great Room design, floor-to-ceiling energy efficient/impact-resistant glass, sliding doors and windows for an abundance of natural light. Expansive private terraces feature glass railings that allow for unobstructed views of those magnificent sunsets. In the kitchen, custom Italian concealed kitchen cabinetry offers subtle elegance.
Inspired by the Aesthetic Movement of the late 19th century, the luxurious bath suites feature modern design and distinctive lines. Designed with Gachot Studios, the Waterworks’ Bond line of fine bath appliances embodies true comfort. Every curve represents a finesse not often seen in urban bath design. The Bond collection highlights a modern, minimal style with an indomitable spirit. The Jacuzzi-style baths offer a private oasis to melt your stress away. Each bath is exceptionally unique and refined. Guilloche, a centuries-old engraving process only used by a few skilled artisans, is applied in all the Bond surfaces. It makes this collection a stunning testament to its quality.
Italkraft introduces classical wall and flooring selections for the Owner’s Suite bathroom, including three beautifully polished Porcelain Slab options. To compliment, owners have the option of high gloss white or washed walnut cabinet finishes. The Italkraft line offers exceptional ingenuity and impeccable quality.
Residents can choose between wide varieties of Italkraft finishes. Italkraft brings unparalleled Italian craftsmanship together with the highest quality materials specifically selected from the Adriatic coast of central Italy. Produced using the most advanced fabrication techniques for textures of exceptional design and caliber, these materials give your home exceptional luxury. Residents may choose from marble or quartz countertops with waterfall edges. The Sage Longboat Key Residences feature Wolf and Subzero appliances. Wolf and Subzero’s stainless steel burners, dishwashers, and coffee machines feature the latest in design and functionality.
Wolf’s easy-to-use, 36″ built in, precision temperature-controlled grills are perfect for those special sunset cookouts. Wolf makes everyone a skilled chef. And the stainless steel, undercounter beverage center offers guests cold cocktails at those wonderful get-togethers.
Residents can hydrate and refresh from the comfort of their bedroom with the built in Midnight Bar. A 24″ Sub-Zero Wolf Undercounter Beverage Center is complimented by a LINKASINK Dual Mount Sink in this convenient, decadent amenity.
Longboat Key has never seen this unique approach to wellness living. In addition to state-of-the-art design features, Sage’s boutique amenities continue the wellness design. Residents will surely enjoy relaxation and outdoor entertaining with the Gulf-front heated lap pool with kid-friendly area, an expansive sundeck for decompressing in the chaise lounges, private cabanas and a fire pit for nighttime celebrations. Keeping with the wellness design, residents can enjoy the state-of-the-art Fitness Center featuring high-tech equipment that adapts to all levels of fitness. For a more relaxing workout, the meticulously landscaped meditative garden and yoga promenade is sure to calm.
Recently released for sale, this unique opportunity represents a very limited offering. Property Markets Group has named Premier Sotheby’s International Realty as the exclusive sales representation. The opportunity to own newly constructed, contemporary residences directly on the beach is very limited in Longboat Key. Priced from $4 million to over $7 million, and scheduled for delivery in 2022, now is the opportune time to learn more. Sign up for our complimentary digital brochure.
Longboat Key, located off the mainland in Sarasota, Florida, has always been known to locals as the “quiet neighbor” to the bustle of St. Armand’s Circle and the more touristy Siesta Key. The barrier island stretches along the Gulf of Mexico, connecting eventually to Anna Maria Island to the north. With big announcements of new additions to the Key, there’s never been a better time to consider moving here. In the Sarasota region, nearly a billion dollars is expected in new construction, with 1,411 new condominiums being introduced to the market. For the coveted Longboat Key address, the availability of new residential supply is much more limited, but there are exciting options on the horizon. Let’s take a peek at 3 exciting announcements in this hot destination.
The legend is reborn on Longboat Key! Sarasota developer and Longboat Key luminary Herb Field opened The Buccaneer Inn on March 17, 1957. It was closed in 1992, and later razed to make room for the Grand Mariner condominium. As any Longboat Key native will tell you, in its prime this classic dining restaurant was the place to be and be seen, known for beloved menu items, such as oysters and prime rib. The Gonzmart Family of Restaurants will open The Buccaneer in late 2020 on the site of the former PattiGeorge’s on Longboat Key. The new restaurant will still have boat slips for access by land or sea. Keeping with the Buccaneer tradition, antiques and artifacts from the “golden age” of the buccaneers will adorn the new restaurant. Longtime Keyer’s will celebrate the new restaurant, and while it’s certain to be sentimental, it adds a joyous new excitement to the Key.
Perhaps the most anticipated development is the contemporary-designedSage Longboat Key Residences. This boutique new condominium has been designed to incorporate the latest in environmental and wellness features into a spectacular Gulf-front lifestyle. With only 16 residences available, construction will be progressing quickly with delivery scheduled for 2022. These luxury beachfront residences offer panoramic 360-degree views of the Gulf of Mexico to the west and Sarasota Bay to the east. The residence’s 4-bedroom/4.5 bath designs range from 4,100 to 4,300 sq. ft. It’s a brilliant new concept in environmental design, and Sage has unique amenities and technology features that make it the most exclusive gem of Longboat Key.
The resort lifestyle at Sage Longboat Key is designed around environmental and physical wellbeing. The innovative amenities include an beachfront heated lap pool with kid-friendly area, an expansive sundeck, private cabanas, fire pit, modern fitness center, meditative garden and yoga promenade, and a welcoming lobby with concierge. This pet-friendly community features a dog walking path, and grooming is also available. In addition to its enviable amenities, Sage will offer its residents 24-hour white glove security and concierge services, a pool & beach attendant, and dedicated enclosed parking garages.
As any local knows, the 17.6 acre site of the former Colony on Longboat Key is now set to be developed for the St. Regis Resort. For years the land was vacant, so this project brings new energy to the Key. The five-star St. Regis Resort will deliver a new level of luxury vacation to Longboat Key, as well as exciting new dining venues. St. Regis is a five-star luxury brand of Starwood Hotels & Resorts, which is part of Marriott International Inc. — the world’s largest hotel brand. Longboat Key will shine even brighter with its prestigious new neighbor.
To learn more about the exciting things happening on Longboat Key, visit SageLongboatKey.com. This stunning beachfront oasis will be home to just 16 discerning owners with an appreciation for environmental wellness, high style, and the best smart technology. Priced from $4 million to over $7 million, Sage Longboat Key is now selling fast. Contact Premier Sotheby’s International Realty at (941) 919-3903 to schedule an appointment to take advantage of this very special, extremely limited offering.
4651 GULF OF MEXICO DR., LONGBOAT KEY, FL 34228
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