Beach motel sells for $23.5 million, buyer plans luxury condos

The Gulf Beach Resort Motel is at 930 Benjamin Franklin Dr. on Lido Key in Sarasota. It was built in 1950.

  • By Business Observer Staff
  • | 2:27 p.m. January 29, 2021
  • | 0 Free Articles Remaining!
Courtesy. The former Gulf Beach Resort Motel has sold for $23.5 million.
Courtesy. The former Gulf Beach Resort Motel has sold for $23.5 million.
  • Manatee-Sarasota
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SARASOTA — The former Gulf Beach Resort Motel has sold for $23.5 million.

The property was co-listed by Elliot Rose with Coldwell Banker Commercial NRT and Judy Kepecz-Hays with Coldwell Banker Realty’s Longboat Key office, according to a press release. 

 

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