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Why Did It Sell? – A Longboat Key Condominium for a Couple and Their 65’ Yacht

grand_mariner_balconyThe July sale of a luxury condominium on the north end of Longboat Key didn’t end the way that anyone quite expected. Realtor Michael Moulton with Michael Saunders & Company was helping his customers in their downsize from an expansive home to a more manageable condominium. But there was a catch.

Moulton explains, “My customers had all but given up on the idea of having a condo where they could accommodate their boat.”

Their boat is an impressive 65 foot yacht. They told Moulton they were interested in living on the south end of Longboat Key (which is convenient to St. Armands Circle and Downtown Sarasota; boasts newer, luxury condominiums; and provides for a sophisticated social lifestyle). As they searched the neighborhood, they indeed found exquisite units, none of which could fully accommodate their boating needs.

The retired couple, who spend most of the year in South America, already own a single family home on the barrier island – which is now listed with Moulton. Years ago, during a chance visit to Florida’s Gulf Coast, they were impressed with the beaches, golf courses, and the boating opportunities. They were moved to purchase a waterfront home. However, they soon discovered vacationing here as often as they planned was not possible and decided to downsize.  With their newfound challenge, it seemed their Longboat Key lifestyle was going to be a thing of the past.

“They even began looking at Downtown Sarasota and Golden Gate Point,” Michael said, “And then it was becoming apparent they were going to have to store their boat elsewhere.”

The couple had just decided to settle on a place that would need some renovating when they were driving their boat on Longboat Key’s north end to Cannons Marina. Along the way, they passed the waterside of a newer condominium development called the Grand Mariner. They eyed some impressive boat docks and their curiosity was piqued.

Grand Mariner, a luxury yachting community Longboat Key, Florida.

Grand Mariner, Longboat Key Florida luxury yachting community.

The Grand Mariner was built in 2008 and features 22 private, deep-water slips that can accommodate vessels up to 70 feet in length all within a naturally protected harbor. What’s more, only 14 spacious units (3,274 to 3,674 square feet) make up this one of a kind yachting community. Each unit is 3 bedroom, 3 ½ bath and includes a private elevator and its own 2-car garage.

Moulton’s customers loved that it was newer construction, very spacious, and the fact that it was not a high rise. Their children can visit with ample room for everyone. Their purchase price was $1.3 million and they now have a place on Longboat Key at which to park themselves and their significant yacht.

Moulton explains, “It was initially a part of the island that we had never focused on, but then it all came together.”

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  • User Gravatar bob
    August 2nd, 2013

    When I hit the lottery, I’ll give Rebecca a call and be their neighbors 🙂 !!

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    October 5th, 2013

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