Beachfront home sold for $11.5M — 10% down from previous listing price

A home on Longboat Key recently sold for $11.5 million — more than $1 million and a 10.8% drop off a previous asking price in June 2021 of $12.9 million. 

The 10,000-square-foot house sits directly in front of the Gulf of Mexico with 175 feet of beachfront property. The buyers were represented by Maurice Menager and Lin Dunn of Michael Saunders & Co., who work out of the Siesta Key office, according to a statement. The property at 3105 Gulf of Mexico Drive became the highest-priced sale for an agent affiliated at that particular office.