Home outside downtown Sarasota sells for $14.75 million

A resort-style home on Sarasota Bay in the Harbor Acres enclave sold recently for more than $14 million, one of the highest prices reached for a piece of residential real estate in Sarasota in the first quarter of 2026.

Kim Ogilvie and Lynn Morris of The Kim Ogilvie Group at Michael Saunders & Co. brokered the sale of the property at 1356 Harbor Drive earlier this month for $14.75 million. Though not publicly listed, the property was initially priced at $15.5 million. Ogilvie and Morris also represented the buyers in the transaction, according to a statement. 

Sarasota County court records show the sellers were Robert and Brenda Biallas, and the buyer was David Douglas Johnson.

Built in 2017, the waterfront residence overlooks Sarasota Bay and features five bedrooms and seven bathrooms across 6,752 square feet. Amenities include a resort-style pool, terraces, and a boat dock.

Courtesy image

Courtesy image

Courtesy image

“Harbor Acres continues to set the standard for the waterfront lifestyle in Sarasota,” says Michael Saunders, founder and CEO of the company.  “This sale reflects the strength of our luxury market and the trusted relationships our associates build with discerning buyers and sellers at every level.”

About 40 homes are currently listed for sale in the Sarasota area for $10 million or more, and about a dozen priced higher than $15 million.

Although the eight-figure residential market is generally an economy unto itself, broader markets in Sarasota are showing year-over-year declines in median sale prices. January data shows the benchmark falling from $529,750 to $490,000, down -7.5%.

About four miles away, on St. Armands Key, a home on South Washington Drive is listed for $16.85 million, and even closer, less than a mile, a home on Hillview Drive is listed for $17.35 million, according to Homes.com.

This article originally appeared on sister site YourObserver.com.