Siesta Key Home Sells for $21.95 Million—Cash

September 18, 2026 - 21:05

A sprawling bayfront property on Siesta Key has changed hands for $21.95 million in cash, marking the highest residential sale in Sarasota for 2026 so far. The estate sits on nearly three acres of prime waterfront land and comes with a list of features that reads more like a private resort than a family home.

Among the amenities are a full tennis court, a seven-car garage, and a swimming pool so long that guests have reportedly joked about needing directions to reach the other end. The buyer paid entirely in cash, a detail that underscores the continued appetite for luxury waterfront real estate in the region.

The sale tops all other residential transactions recorded in Sarasota this year, signaling that demand for high-end coastal properties remains strong despite broader market shifts. Agents familiar with the area note that large bayfront parcels rarely come available, and when they do, competition tends to be fierce among wealthy buyers seeking privacy and direct water access.

The identity of the buyer has not been disclosed. The property had been on the market for several months before the deal closed.