Sarasota's Most Expensive Condo Ever

"Panama Papers" Renew Focus On Miami Luxury Real Estate Market Boom

Joe Raedle/Getty Images

What does $11.15 MILLION get you these days in Sarasota? According to property records obtained by the Tampa Bay Business Journal, the highest price EVER was just paid for a condo in Manatee County.

Joe Raedle/Getty Images

A penthouse at Epoch sold this week to Richard J. Henley and Susan L. Davis, according to the TBBJ. They own Healthcare Strategic Solutions LLC, a consulting firm. According to the story, they paid CASH!

So back to that question - what does $11 million get you these days? Here are the key features of the property:

- 6,000 square feet of indoor living space
- 1,700-square-foot private sky lounge terrace
- A rooftop jacuzzi
- Putting green
- Fire pit
- A lot of other really cool expensive stuff (watch the video!)

At least I have a fire pit. [Source: TBBJ]

Buying a home is an investment—and an increasingly expensive one. The median value of a home in the United States today is $281,370, an 11.6% increase over the last year. Meanwhile, the median monthly housing cost for a home with a mortgage is $1,558 and $490 without a mortgage. Stacker compiled a list of zip codes with the most expensive homes in Tampa-St. Petersburg-Clearwater, FL metro area using data from Zillow.

Zip codes are ranked by the Zillow Home Values Index for all homes as of October 2021. Home buyers have a lot to consider when house-hunting or looking to invest in rental properties, from the state of the housing market itself to taxes and potential resale value. The housing market grew robust and pricey in the decade following the 2008 recession, and more recently saw a boom during the coronavirus pandemic.

Another consideration is the house itself, including what kind of upkeep it requires and those associated costs. Depreciation affects all homes at an average rate of 3.636% each year, which can be a help come tax season if you use your home for business or rentals but may cost you later in capital gains taxes when you sell. Meanwhile, land value tends to increase over time depending on several factors including where the house is located and what amenities and homes are nearby. More desirable neighborhoods allow sellers to charge more; the mantra "location, location, location" has never been more relevant.

How does your zip code rank? See the zip codes with most expensive houses in Tampa-St. Petersburg-Clearwater, FL metro below:

#10. 33609 (Tampa)

- Typical home value: $545,808
- 1 year price change: +25.2%
- 5 year price change: +60.7%

#9. 33556 (Odessa)

- Typical home value: $555,422
- 1 year price change: +29.1%
- 5 year price change: +55.0%

#8. 33706 (Saint Pete Beach)

- Typical home value: $575,593
- 1 year price change: +25.9%
- 5 year price change: +56.6%

#7. 33701 (Saint Petersburg)

- Typical home value: $575,947
- 1 year price change: +22.4%
- 5 year price change: +63.0%

#6. 33704 (Saint Petersburg)

- Typical home value: $628,150
- 1 year price change: +27.0%
- 5 year price change: +70.1%

#5. 33785 (Indian Rocks Beach)

- Typical home value: $642,702
- 1 year price change: +26.4%
- 5 year price change: +58.5%

#4. 33767 (Clearwater)

- Typical home value: $678,360
- 1 year price change: +25.4%
- 5 year price change: +46.9%

#3. 33606 (Tampa)

- Typical home value: $777,004
- 1 year price change: +23.9%
- 5 year price change: +57.9%

#2. 33786 (Belleair Beach)

- Typical home value: $843,164
- 1 year price change: +27.8%
- 5 year price change: +52.6%

#1. 33629 (Tampa)

- Typical home value: $859,606
- 1 year price change: +23.6%
- 5 year price change: +52.8%

Money Real Estate Sarasota

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Hear Geno on the air weekday afternoons. Geno's passions include fat guy food, concerts, sports, travel to Europe and South America. He loves 80s and 90s music, from MTV hairbands to old school freestyle, alternative rock to TRL era jams. Geno's radio career began in his hometown of Portland, Maine. Since then he's been on the air coast to coast from Boston to Las Vegas, Tampa to California.

Sarasota’s Most Expensive Condo Ever

What does $11.15 MILLION get you these days in Sarasota? According to property records obtained by the Tampa Bay Business Journal, the highest price EVER was just paid for a…

Geno