$13.25 Million Gulf-front Property Is Most Expensive Sale in History of Longboat Key

Written by Posted On Thursday, 15 October 2020 13:02

LONGBOAT KEY, FLA. (October 1, 2020) — An incredible Gulf-front property has sold for $13.25 million — the highest-priced sale ever recorded on Longboat Key. Located at 4651 Gulf of Mexico Drive, it encompasses over 3 acres and boasts more than 250 feet of beach frontage. The listing was marketed and sold exclusively by Charlotte Hedge and Tom Hedge, Jr., of Premier Sotheby’s International Realty’s Downtown Sarasota office.

The multigenerational parcel had been home to Sun ‘n Sea cottages and apartments since 1964.

“This incredible piece of Gulf-front real estate is a rare find on Longboat Key,” said Charlotte Hedge. “The magnificent views, prime beach access and idyllic location attracted developers who saw an amazing opportunity. The significant sale price is a testament to the strength of the market and enduring value of waterfront property.”

 

About Premier Sotheby’s International Realty

Headquartered in Naples, Florida, Premier Sotheby’s International Realty has over 1,200 associates and employees in 40 locations throughout Florida and North Carolina. Premier Sotheby's International Realty also benefits from an association with the storied Sotheby's auction house, established in 1744. The brokerage is a division of The Lutgert Companies, a prominent member of Southwest Florida’s business community since 1964. For more information, visit premiersothebysrealty.com.

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