Record condo sale kicks of next chapter for storied Longboat property

The recent record-breaking sale of a condominium unit at a residential and resort project on Longboat Key marks the start of a new era for a property that has a long history many weren’t thrilled to move on from.

The property is the $800 million The St. Regis Longboat Key. The sale was of a nearly 11,000-square-foot unit acquired for $21.24 million by a Pennsylvania couple. (Property records show the buyer is an LLC in Wyomissing, Pennsylvania, northwest of Philadelphia. No other information on the buyer was publicly available.)