Under contract-accepting backup offers. Set across nearly three acres of pristine waterfront on Siesta Key, Crystal Waters is the most significant private estate in Sarasota—a once-in-a-generation offering that redefines luxury living on Florida’s Gulf Coast. With extraordinary scale, architectural pedigree, and 217 feet of direct Sarasota Bay frontage, this landmark property represents a level of craftsmanship, beauty, and exclusivity rarely seen in the region. Designed by renowned architectural firm Stofft Cooney Architects and custom-built by Chris Jorgensen of Florida West Builders, the Palm Beach-inspired estate encompasses 10,267 square feet with five bedrooms, six full baths, and two half baths. Surrounded by lush tropical gardens and panoramic bay views, every aspect of the property has been conceived to deliver an unparalleled waterfront lifestyle. A dual-gated arrival along a Tabby seashell drive leads to a stately façade framed by towering palms and a grand porte cochère. Beyond solid mahogany doors, a magnificent foyer welcomes guests with travertine floors inlaid with cabochon stone and a sweeping staircase featuring hand-crafted Chippendale railings. Walls of impact glass dissolve the boundary between indoors and out, filling the residence with natural light and uninterrupted views of Sarasota Bay. Refined details include a natural gas fireplace with imported limestone hearth, hand-crafted Vitali European oak flooring in a warm Milano finish, custom millwork, and a serene palette of coastal hues. The kitchen is both a showpiece and gathering place, appointed with custom Campbell cabinetry, Cristallo quartzite surfaces, a custom La Cornue range, dual islands, and walk-in and butler’s pantries. A bayfront breakfast nook and formal dining room open seamlessly to expansive waterfront terraces. Nearby, the clubroom showcases hand-painted Gracie chinoiserie panels, vaulted cypress ceilings, and a wet bar. The first-floor primary suite serves as a private sanctuary overlooking the bay, with French doors opening to the pool terrace. Custom dressing rooms and spa-inspired baths surround a striking octagonal vestibule featuring New Ravenna mosaic floors, Calacatta Matarazzo quartzite, a soaking tub, and marble-clad shower. Upstairs, guest suites, a lounge, and an exercise room provide exceptional accommodations. An Old Florida-style guest residence above a four-car garage offers Pecky Cypress-lined interiors, vaulted ceilings, a full kitchen, covered balcony, and spacious bedroom suite. The main residence is further complemented by an oversized three-car garage. Outdoors, winding pathways lead through beautifully curated grounds to a spectacular 56-foot vanishing-edge saltwater pool that appears to merge with the bay beyond. A covered waterfront pavilion with fireplace, summer kitchen, and tongue-and-groove ceiling creates an elegant setting for entertaining. A private tennis court and lighted pavilion with lounge and fireplace complete the resort-caliber amenities. Along the shoreline, a 90-foot dock extends into Little Sarasota Bay and features a floating kayak launch and a 20,000-pound lift capable of accommodating a 34-foot vessel. Crystal Waters is more than a residence—it is Sarasota’s defining waterfront estate. Unmatched in scale, setting, craftsmanship, and provenance, it stands as one of the finest private properties ever created on Florida’s Gulf Coast. Available lot for sale directly across the street enjoys beach access.
Single-familyProperty Type
2024Year Built
2.78 acresLot Size
$2,500Price/Sq.Ft.
7 car garageParking
Listed by Kim Ogilvie• MICHAEL SAUNDERS & COMPANY
Listed by Lynn Morris, PLLC• MICHAEL SAUNDERS & COMPANY
Act now to own one of the most enchanting properties on Florida’s gulf coast, this 2.6-acre walled and gated Bayfront estate boasts over 219 feet of direct bay frontage set on the southern end of world-famous Siesta Key. The paver pathways that wind through the majestic oak trees and amazing natural Florida foliage set the stage for this incredible waterfront compound. The expansive patios, porches, gazebos and sunrooms of the 3 bedroom, 3 ½ bathroom Key West style main house were designed to fit comfortably within these natural surroundings and absorb views from every angle, whether waterfront or focused on the manicured grounds. The cottage like home on the property boasts 3 bedrooms and 2 bathrooms and its own private pool – perfect as a guest house, studio, office or whatever fits your lifestyle. This resort like setting is made complete by the welcoming portico, waterfront pool and spa, lighted tennis court, sport court, extensive air-conditioned storage/recreational space and a dock offering boat lift and mooring options. The square footage and bedroom/bathroom count includes both homes.
Stellar MLS as Distributed by MLS Grid #A4144392
Oct 5, 2018
Listing Removed
—
Aug 4, 2017
Price Changed
*
Dec 23, 2016
Price Changed
*
Feb 1, 2016
Listed
*
Stellar MLS as Distributed by MLS Grid #A4116794
Oct 5, 2018
Listing Removed
—
Aug 4, 2017
Price Changed
*
Dec 23, 2016
Price Changed
*
Jul 6, 2016
Price Changed
*
Aug 12, 2015
Price Changed
*
Jun 12, 2015
Relisted
—
Jun 10, 2015
Listing Removed
—
Mar 10, 2015
Listed
*
Stellar MLS as Distributed by MLS Grid #A3971591
Dec 31, 2014
Listing Removed
—
Aug 22, 2014
Price Changed
*
Jan 14, 2013
Listed
*
Public Records
Jan 24, 1995
Sold
$1,900,000
$158/sq ft
Public Records
Apr 29, 1987
Sold
$470,000
$39/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$141,465 (+281.8%)
2024
$37,055 (−1.0%)
$3,150,200 + $65,200
$3,215,400
2023
$37,417 (+3.8%)
2022
$36,054 (+13.8%)
2021
$31,678 (−21.7%)
2020
$40,464 (+62.3%)
$2,190,300 + $977,600
$3,167,900
2019
$24,926 (+1.8%)
2018
$24,478 (+0.3%)
2017
$24,396 (−1.2%)
2016
$24,685 (−1.8%)
2015
$25,149 (+0.3%)
2014
$25,073
2013
$25,087 (+2.7%)
2012
$24,439
Public record
Public record
Zoning
Permits
Beds
4
Baths
6.5
Stories
2
Lot width
—
Lot depth
—
Lot size
2.78 Acres
Year renovated
2024
Finished Sq. Ft.
10,267
Unfinished Sq. Ft.
—
Total Sq. Ft.
10,267
Year built
2024
Style
Single Family Residential
County
Sarasota County
APN
0128160001
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 10, 2026.
RE-2
SKOD
Residential Estate District
The RE Districts permits large lot, estate-type development. A limited number of nonresidential uses are allowed, subject to the restrictions and requirements necessary to preserve and protect the low-density estate character of the district; The RE Districts are generally used to implement the Comprehensive Plan within those areas shown as Semi-Rural, Low Density and Moderate Density Residential on the Future Land Use Map. Locations on the Barrier Islands that have existing RE zoning are acknowledged, and are considered to be consistent with the Future Land Use Map; however, such lands shall not be rezoned to a more intensive RE District; Agricultural uses permitted under the OUE-2 District prior to October 27, 2003, shall continue to be permitted uses on those parcels converted from OUE-2 to RE-1 zoning.
Zone overlays
Siesta Key Overlay District
Permitted uses
Include but are not limited to:
Agriculture
Equestrian facility
Livestock production
Housing-Group
Housing-Single unit
Housing-Senior
Housing-Student
Infrastructure
Veterinary clinic
Park & open space
Apr 16, 2025 • Final
Residential electrical
Electrical
Oct 4, 2024 • Final
Residential new construction
Construct a new single-family home.
New construction
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
9/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 107° expected this year, 27 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Sarasota, FL • 34242
Average low and high temperatures (°F)
68
53
71
58
77
63
81
68
85
75
89
78
90
79
89
79
89
77
84
71
78
64
74
59
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
7.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 8501 Midnight Pass Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $500,000 and $3,950,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $500K to $4.0M.