Higel Estate Lists for $25.5 Million in Sarasota
The 2.64-acre Siesta Key compound includes three parcels and offers potential for a massive new residence.
Updated on Oct. 15, 2026 in Residential
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The historic Higel Estate on Siesta Key has entered the market for $25.5 million. This 2.64-acre beachfront compound includes three parcels and currently features a 1953 main residence.
Why it matters
The listing reflects the continued premium on expansive waterfront acreage in the Sarasota luxury market. It follows a recent trend of high-value transactions in the area, including a $26 million sale last month.
The property spans 2.64 acres with 290 feet of private beach frontage. The estate includes a 2,937-square-foot main home, a guest house, and architectural plans for new builds up to 14,000 square feet.
The players
Hailey Kendall
A Broker Associate for William Raveis Real Estate who is managing the listing of the Higel Estate.
William Raveis Real Estate
A regional brokerage firm specializing in luxury properties across the coastal market.
The details
Spanning three separate parcels on Shell Road, the estate combines vintage 1953 architecture with modern updates. Buyers can choose to maintain the existing four-bedroom structure or utilize provided architectural plans for a significant new build of either 8,000 or 14,000 square feet. The site offers expansive private access to the beach, contributing to its valuation within the Siesta Key luxury corridor.
Timeline
1953: The original residences on the property were constructed.
September 2026: A waterfront Siesta Key home sold for $26 million.
Early October 2026: The Crystal Waters property sold for $21.95 million.
October 15, 2026: The Higel Estate listing officially went live.
The Home Front
This listing is part of a broader trend of escalating values for large, multi-parcel waterfront estates in the Sarasota luxury market. Recent high-profile sales in Siesta Key suggest that buyers remain heavily invested in securing premier coastal land.
Sarasota luxury buyers should compare the value of this large-acreage parcel against recent neighborhood benchmarks like the $26 million sale last month. Prospective investors should review the current site plans for the proposed 14,000-square-foot residence with a licensed professional.
The takeaway
Large waterfront compounds on Siesta Key remain a key indicator of the health of the local luxury real estate sector. Interested parties should note the inclusion of pre-approved architectural plans as a potential value-add for future development.
Further reading
For more on local market trends, visit Residential.
Source note: This article includes information reported by Sarasota Herald-Tribune.
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