Siesta Key Estate Sells for $10.5 Million

A Siesta Key estate with more than 700 feet of frontage on Sarasota Bay, a lagoon and a waterway linking the two has sold for $10.5 million, the highest price in that beachside community this year.

Behind private gates at 3799 Flamingo Drive, the home was marketed and sold by Joel Schemmel of Premier Sotheby’s International Realty’s Downtown Sarasota office. Schemmel’s sale of a Sanderling Road home in May was the previous high ($7.5 million) on Siesta Key.

Read more… Sarasota Observer – Eric Garwood