Mira Mar Sarasota
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Historic Revival Meets Modern Luxury | 70 Exclusive Condominiums | Downtown Sarasota
Project Overview
Mira Mar Sarasota represents a groundbreaking fusion of historic preservation and modern luxury living in the heart of downtown Sarasota. This exceptional development centers around the century-old Mira Mar Plaza, originally built in 1922 as a luxury hotel and apartment complex, now being meticulously restored to its Mediterranean Revival grandeur.
Key Project Statistics
- Total Residences: 70 luxury condominiums
- Building Heights: Two 18-story towers
- Historic Restoration: $29-30 million investment in 1922 Mira Mar Plaza
- Location: South Palm Avenue, Downtown Sarasota
- Completion: Expected 2028
- Sales Launch: Summer 2026
Behind the restored plaza, two slender, tiered residential towers rise strategically, each containing 35 premium condominiums. The innovative design maintains sightlines to Sarasota Bay while creating a harmonious blend with the surrounding neighborhood through thoughtful setbacks and a distinctive "wedding cake" silhouette.
Historic Mira Mar Plaza Restoration
The heart of this development is the complete restoration of the historic Mira Mar Plaza, a nearly 400-foot frontage building that has been a cornerstone of downtown Sarasota for over a century. Originally constructed in 1922 as an upscale hotel and social hub, the building faced potential demolition in 2022 before preservation advocates and Seaward Development pivoted to a restoration-first strategy.
Restoration Details
- Investment: $29-30 million dedicated to historic preservation
- Architectural Style: Mediterranean Revival, restored to 1920s grandeur
- Current Tenants: Nearly 48 existing businesses will be preserved
- Ground Floor: Curated retail, office, and restaurant spaces
- Historical Significance: Protected landmark status with city approval
Preservation Commitment: The restoration must be completed before any new condo occupancy begins, ensuring the historic integrity is fully preserved as part of the development agreement with the City of Sarasota.
Residential Towers & Floor Plans
The two 18-story residential towers represent the pinnacle of modern luxury living, with each tower containing 35 carefully designed condominiums for a total of 70 exclusive residences.
Tower Design
- 18 stories each tower
- 35 residences per tower
- Stepped setbacks for reduced bulk
- Maximized natural light and breezeways
- Panoramic Sarasota Bay views
Floor Plan Options
- Various layouts available
- Corner units with premium views
- High-floor units with bay vistas
- Juliet balconies on select units
- Open-concept living spaces
Premium Features
- Floor-to-ceiling windows
- High-end finishes throughout
- Modern kitchen appliances
- Spa-inspired bathrooms
- Private storage areas
Most Coveted Units: High-floor corner units with panoramic bay views and Juliet balconies are expected to be in highest demand. These premium residences offer unobstructed water views and maximum natural light.
Amenities & Lifestyle
Mira Mar Sarasota offers an unparalleled lifestyle experience combining the charm of historic downtown with modern luxury amenities.
Building Amenities
- Rooftop Terrace: Panoramic city and bay views
- Fitness Center: State-of-the-art equipment and facilities
- Concierge Services: Full-service lifestyle management
- Secured Parking: Private garage spaces
- Storage: Individual climate-controlled units
- Common Areas: Elegantly appointed resident lounges
Neighborhood Lifestyle
- Cultural District: Steps from theaters, galleries, and museums
- Dining Scene: World-class restaurants within walking distance
- Shopping: Boutique shops and luxury retailers nearby
- Bayfront Park: Direct access to waterfront recreation
- Marina Access: Boating and water activities
- Beach Proximity: Minutes to Siesta Key and Longboat Key
Investment & Market Analysis
Mira Mar Sarasota represents a unique investment opportunity in one of Florida's most desirable markets. The combination of historic charm, modern luxury, and prime location creates exceptional value potential.
Market Advantages
- Limited Supply: Only 70 units in this exclusive development
- Historic Uniqueness: Rare blend of preservation and new construction
- Downtown Location: Walkable urban lifestyle increasingly in demand
- Florida Tax Benefits: No state income tax attracts high-net-worth buyers
- Tourism Market: Strong vacation rental potential
Comparable Sales Data
Recent downtown Sarasota luxury condos have shown strong appreciation:
- New construction luxury condos: $800-$1,500+ per square foot
- Historic district premiums: 10-15% above comparable properties
- Waterfront views: 20-30% premium over inland units
- High-floor units: 15-25% premium over lower floors
Development Timeline
July 2025 - City Approval
Unanimous City Commission approval for rezoning and development agreement
December 2025 - Site Plan Submission
Final site plan approval and construction permitting
Late 2025 - Restoration Begins
Historic plaza restoration commences with $29-30 million investment
Summer 2026 - Sales Launch
Condo sales begin with early buyer incentives
2028 - Project Completion
Final construction completion and move-in ready
Pricing & Financing
Mira Mar Sarasota offers various residence options to meet different lifestyle and investment needs. Pre-construction pricing provides significant value compared to completed luxury developments.
| Unit Type | Square Footage | Starting Price Range | Premium Features |
|---|---|---|---|
| Lower Floor Units | 1,200 - 1,800 sq ft | Contact for Pricing | City views, modern finishes |
| Mid-Level Units | 1,400 - 2,000 sq ft | Contact for Pricing | Partial water views, upgraded amenities |
| High-Floor Units | 1,600 - 2,200 sq ft | Contact for Pricing | Panoramic bay views, Juliet balconies |
| Penthouse Level | 2,000 - 3,000+ sq ft | Contact for Pricing | Private terraces, premium finishes |
Pre-Construction Benefits
- Early Buyer Incentives: Best pricing and unit selection
- Customization Options: Personalize finishes and layouts
- Flexible Financing: Extended closing timelines
- Appreciation Potential: Value growth during construction
Developer & Design Team
Mira Mar Sarasota is being developed by Seaward Development, backed by a distinguished team of architects and planners committed to excellence in historic preservation and modern luxury.
Seaward Development
- Proven track record in luxury residential development
- Commitment to historic preservation and community integration
- $29-30 million investment in restoration demonstrates quality focus
- Strong relationships with city officials and preservation advocates
Architectural Vision
The design team's vision marries authenticity with refinement, honoring Sarasota's architectural legacy while introducing sleek, modern luxury. The stepped setback design and carefully planned massing ensure the development enhances rather than overwhelms the historic downtown character.
Why Choose Mira Mar Sarasota
Historic Significance
Own a piece of Sarasota history with the restored 1922 Mira Mar Plaza as your address and focal point.
Prime Location
Downtown Sarasota's cultural heart with walkable access to dining, arts, and waterfront recreation.
Limited Inventory
Only 70 residences available, ensuring exclusivity and strong resale potential.
Investment Potential
Pre-construction pricing in a rapidly appreciating market with strong rental demand.
Frequently Asked Questions
When will sales begin?
Condo sales are projected to launch in summer 2026, with site plan approval expected in early 2026. Early interest lists are available now.
What are the HOA fees expected to be?
HOA fees will cover building maintenance, amenities, concierge services, and common area upkeep. Specific fees will be announced closer to sales launch.
Are there any rental restrictions?
Rental policies will be established in the condo documents. Contact for current information on short-term and long-term rental allowances.
What parking is available?
Secured parking garage spaces are included with each residence, with additional guest parking available.
Can I customize my unit?
Yes, pre-construction buyers typically have opportunities to customize finishes, layouts, and upgrades. Options vary by construction timeline.
Secure Your Place in Sarasota's Most Exclusive Development
Don't miss this rare opportunity to own a piece of Sarasota's revitalized downtown. With only 70 residences available and strong anticipated demand, early interest is essential.
Lisa Otte - Sarasota's Leading New Construction Sales Expert
Phone: 941.281.5472
Contact me today for exclusive access to floor plans, pricing information, and early buyer opportunities. As a luxury specialist with deep market knowledge, I'll help you navigate this unique investment opportunity.
Additional Luxury Sarasota Properties
Explore other exceptional developments in Sarasota's luxury market:
Luxury Lifestyle Services
- 24/7 concierge services for residents
- Valet parking and guest services
- Private storage units available for purchase
- Pet-friendly policies with designated areas
- Package receiving and delivery coordination
- Maintenance and housekeeping services available
Recreation & Wellness
- Rooftop terraces with bay views and entertainment areas
- Fitness center with state-of-the-art equipment
- Yoga and meditation spaces for wellness activities
- Swimming pool and spa facilities (planned)
- Private dining rooms for resident events
- Business center with meeting rooms
Commercial & Retail Features
Ground-Level Retail
- Boutique shopping spaces for upscale retailers
- Fine dining restaurants with outdoor seating options
- Artisanal coffee shops and casual dining venues
- Professional services including banking and personal care
- Gallery spaces for local artists and cultural events
Office Accommodations
- Second-floor commercial spaces at 50% market rent for 10 years
- Flexible floor plans adaptable to various business needs
- High-speed internet infrastructure throughout
- Professional reception areas and meeting facilities
- Convenient parking for tenants and clients
Architectural & Design Excellence
Modern Design Integration
- Slim tower profiles minimizing visual impact
- Stepped building setbacks creating terraced aesthetics
- Strategic sightline preservation maintaining bay visibility for surrounding areas
- Contemporary glass and steel harmonizing with historic elements
- Sustainable building practices and energy-efficient systems
Landscape & Outdoor Spaces
- Beautifully landscaped courtyards between structures
- Pedestrian walkways connecting all building areas
- Native Florida plantings requiring minimal maintenance
- Outdoor seating areas for relaxation and socializing
- Water features and artistic installations
- Evening lighting design highlighting architectural features
Location & Connectivity
Prime Downtown Position
- 65 South Palm Avenue address in the heart of downtown
- Walking distance to Sarasota Bay and waterfront activities
- Steps from cultural attractions including theaters and galleries
- Close to fine dining and entertainment venues
- Easy access to shopping and professional services
Transportation & Access
- Valet parking and secure garage facilities
- Electric vehicle charging stations available
- Bicycle storage and maintenance areas
- Public transportation access nearby
- Airport proximity for convenient travel
- Marina access for boat owners and water enthusiasts
Development Team Excellence
Architectural Vision
- REG Architects (Rick Gonzalez) - Contemporary design leadership
- Nichols Architects (Igor Reyes) - Historic preservation expertise
- Collaborative design approach ensuring seamless integration
- Award-winning architectural firms with proven track records
Development & Planning
- Seaward Development - Experienced luxury development leader
- Kimley-Horn - Professional planning and permitting expertise
- Local government collaboration ensuring community integration
- Sustainable development practices prioritizing environmental responsibility
Community Benefits
Responsible Development
- 60% maximum lot coverage preserving open space
- Affordable commercial rent program supporting local businesses
- Historic preservation commitment before residential occupancy
- Community enhancement focus rather than just profit-driven development
- Local hiring initiatives during construction and operations
Cultural Integration
- Support for local arts through gallery and event spaces
- Community gathering areas for neighborhood events
- Historic education opportunities celebrating Sarasota's heritage
- Economic development catalyst for downtown revitalization
Two Luxury 18-Story Towers
- 70 total premium residences (35 units per tower)
- Expansive floor-to-ceiling windows maximizing natural light
- Soaring high ceilings creating an open, airy atmosphere
- Premium designer finishes throughout all living spaces
- Spacious private terraces with panoramic bay and city views
- Corner units available offering wraparound terraces and dual exposures
- Smart home technology integration ready
- Energy-efficient climate control systems
Interior Specifications
- Gourmet kitchens with top-of-the-line appliances
- Luxury master suites with spa-inspired bathrooms
- Custom millwork and built-ins for sophisticated storage solutions
- Premium hardwood or tile flooring options
- Walk-in closets with custom organization systems
- Private elevator access for select penthouses
Historic Preservation Features
Mira Mar Building Restoration
- Authentic 1922 Mediterranean Revival architecture preservation
- $30 million restoration investment ensuring structural integrity
- Original architectural details meticulously restored
- Modern safety and accessibility upgrades seamlessly integrated
- Historic lobby and common areas showcasing original grandeur
- Adaptive reuse design blending past and present
Heritage Elements
- Preserved original facade with restored stonework and detailing
- Historic courtyard spaces reimagined for modern use
- Original architectural features including arches and decorative elements
- Period-appropriate landscaping with contemporary functionality
Property Location
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