$25 million listing under construction on Longboat Key

A beachfront estate under construction on Longboat Key is being marketed for $25 million. When complete, it will include a main residence, pool house and guest house, according to listing agency Premier Sotheby’s International Realty, which anticipates the price will rise to $40 million.

Situated on 1.64 acres, the property is at 5695 Gulf of Mexico Drive. The main house includes 11 bedrooms, 13 full bathrooms and four half-baths. Its primary suite features dual bathrooms and custom closets. In addition, the house has two kitchens — a main kitchen for entertaining and a chef’s kitchen for more precise preparation, according to the listing. A formal dining room, wine cellar, stately office, dramatic foyer, great room leading to the terrace, state-of-the-art cinema, guest suites with kitchenette and rooftop deck round out the offerings, according to the brokerage. 

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A guest house and pool house are also being constructed on the property, which will be accented by tranquil water features and resort-inspired landscaping. A pool and spa will be surrounded by decks for gatherings and alfresco dining. In addition, a pickleball court and tennis court will be among the outdoor offerings.

Sarasota-based Sweet Sparkman Architecture and Interiors is handling the design, while Joel Schemmel of Premier Sotheby’s International Realty’s Downtown Sarasota office is exclusively marketing the property. 

“This is a masterpiece in the making,” Schemmel says in a statement.

Construction began in the latter half of 2023 and will be complete in 2026, he tells the Business Observer.

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Owners James and Amanda Holanda of Montgomery, New Jersey, bought the property in 2021 for $10.15 million, property records show.

“The sellers purchased and designed the home and property. They will continue construction to completion,” Schemmel says in an email. “It is being offered now so that someone could tailor the finishes." While appliances and the main area flooring have been picked out, Schemmel says: "there are many open options as well."

The property is being built to current code, which requires measures that provide hurricane protection, according to Schemmel, who says all windows and doors are hurricane rated.

“In our post-storm market, newer construction will be highly sought after. Most of the homes that were built recently on the islands fared well through the storms,” Schemmel says. “With its extraordinary design, premier Gulf-front location, and the unparalleled luxury Longboat Key is known for, this is a rare opportunity for a buyer to step in and complete their dream coastal retreat.”

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