Siesta Key estate returns to the market at nearly $30M after slight price drop

A nearly 3-acre waterfront Siesta Key estate has returned to the market at a lower price. Located at 8501 Midnight Pass Road, Crystal Waters is now offered at $29.99 million. 

The property was first listed in February 2025 at $31.5 million. 

The seller of the home is Sarasota philanthropist Crystal Lahners; her late husband, Dr. Bill Lahners, was a pioneering and prominent eye surgeon at Center for Sight in Sarasota. Dr. Bill Lahners died Dec. 10, 2021 while on a trip in the Bahamas. He was 53.

Designed by the Florida firm Stofft Cooney Architects, the main residence covers 10,267 square feet of living space with 217 feet of direct frontage on Little Sarasota Bay. The Palm Beach-inspired residence, custom built by Chris Jorgensen of Florida West Builders, includes five bedrooms, six full baths and two half-baths.

The main house is complemented by a guest house, expansive garages, a tennis court and private tennis pavilion, a 56-foot vanishing-edge saltwater pool that appears to merge with the bay beyond, and a 90-foot dock with deep-water access and a 20,000-pound boat lift.

Image courtesy of Ryan Gamma Photography

The property is listed by Kim Ogilvie and Lynn Morris of the Kim Ogilvie Group at Michael Saunders & Company. (Roger Pettingell of Pettingell Professionals, Coldwell Banker Realty, listed the property last year.)

“Over my 40 years in the luxury real estate business, very few properties have truly stopped me in my tracks. Crystal Waters is one of them,” said Ogilvie in a news release. “The level of craftsmanship, attention to detail and overall presence of this estate is unlike anything I’ve seen in Sarasota. Properties of this caliber are typically associated with markets like Palm Beach or Naples. … It is a landmark estate, one that combines extraordinary scale, timeless architecture and meticulous execution in a way that is exceptionally rare.”

Outdoor living extends across tropical gardens, waterfront seating, covered entertaining spaces, recreational amenities and resort-inspired gathering areas, as described in the release. A separate Old Florida-style guest house of 1,605 square feet of living space in a one-bedroom, 1.5-bath layout provides privacy for both owners and guests. There is also a separate beach access lot directly across Midnight Pass Road.

This article originally appeared on sister site YourObserver.com.