A sprawling, Renaissance-style mansion in Sarasota, Florida, has changed hands for $16.5 million, making it the most expensive home sold publicly in the city, according to the listing agent and the Multiple Listing Service .
However, the price it achieved is well below the ask. The property, located on Longboat Club Road along the Gulf of Mexico, first came onto the market for $26.5 million in March 2017. It was dropped to $22.5 million in 2019 and then to $19.75 million in January, listing records show.
The listing went into contract in August and closed earlier this week for $16.5 million, said Michael Moulton , a broker-associate with Michael Saunders & Co., who held the listing for nearly four years.
“It just needed the right person to come along,” Mr. Moulton said. The buyer, who is from the north, “appreciates everything of the property, from the architectural aesthetics to scale of the rooms to the furniture style,” he said.
The transaction has yet to appear on property records online, and Mansion Global could not immediately identify the buyer. The sellers are a couple who are looking to downsize, according to Mr. Moulton.
Built in 2005 and known as Serenissima, meaning “The Most Serene” in Italian, the 19,300-square-foot mansion is modeled on Renaissance-era Venice with six bedrooms and eight bathrooms. It features a marble-clad hall, a domed skylight in the entrance atrium, and a large sunroom opening onto the terrace and the sea beyond, according to Mr. Moulton.
The home also includes a luxury 10-seat home theater, gas fireplaces, an ornate birdcage elevator and a 10-car gallery.
Outdoors, the 1.18-acre parcel has a heated infinity pool with views of the beach and the Gulf of Mexico.
The Longboat Key Club, a private, triple-A beachfront resort where the property is located, offers a 45-hole championship golf course, 20 Har-Tru tennis courts, a state-of-the-art fitness center, a full-service spa, a gulf-front swimming pool, eight restaurants and 291 deep slip marinas, according to Mr. Moulton.