Recreational property sale, at nearly $30 million, sets mark

The sale of 2.3 acres of recreational property for $29.51 million at the site of the former Colony Beach and Tennis Resort may be a record for Longboat Key, real estate veterans say.

  • By Business Observer Staff
  • | 1:46 p.m. August 9, 2018
  • Manatee-Sarasota
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A recent real estate sale on Longboat Key —at $12.66 million per acre — may have broken the record for island property values, real estate experts say, according to a story in the Longboat Observer, sister paper of the Business Observer. 

 

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