Disclaimer: Lisa Otte is not affiliated with any specific real estate development or its sales team nor has any affiliations with any brokerage selling the project. She is an independent real estate agent with Douglas Elliman Real Estate providing information and marketing about new construction projects in Florida.

Historic Revival Meets Modern Luxury | 70 Exclusive Condominiums | Downtown Sarasota

Project Overview

Mira Mar Sarasota is a one-of-a-kind residential development that seamlessly blends historic preservation with modern luxury living in the heart of downtown Sarasota. At the center of this project is the iconic Mira Mar Plaza, originally constructed in 1922 as a luxury hotel and apartment complex. This landmark building is being meticulously restored to its original Mediterranean Revival style, preserving its historic character while introducing world-class residential amenities for contemporary Florida living. The site itself played a pivotal role in Sarasota’s growth, transforming the city from a small agricultural and fishing community into a nationally recognized destination over a century ago.

Historic Significance

The Mira Mar Plaza was originally developed by Canadian-born visionary Andrew McAnsh, who envisioned Sarasota as a premier cultural and resort destination. McAnsh’s developments—including the Mira Mar Hotel, Apartments, and Auditorium—served as the foundation for modern Sarasota, attracting affluent visitors and snowbirds during the Roaring 1920s. The hotel and apartments were celebrated for their architectural elegance, panoramic bay views, and innovative amenities, earning nicknames such as the “60-Day Wonder” for the speed and craftsmanship of their construction. The adjacent auditorium became the city’s premier cultural hub, hosting international performers, orchestras, and theatrical productions, further establishing downtown Sarasota as a center for arts, culture, and sophistication.

Seaward Development recognized the importance of preserving this historic landmark and has committed $29-30 million to restore the building’s original architectural details, including its stonework, facades, arches, courtyards, and period-appropriate landscaping. Nearly 48 existing businesses within the historic plaza will remain, complemented by thoughtfully curated ground-floor retail, office, and restaurant spaces. The adaptive reuse design ensures a seamless integration of historic charm with modern functionality, providing future residents with a unique connection to Sarasota’s rich history.

Residential Towers & Luxury Living

Behind the restored plaza rise two elegant 18-story residential towers, each containing 35 premium condominiums for a total of 70 exclusive residences. The towers feature stepped setbacks that reduce visual bulk while maximizing natural light and breezeways. Floor-to-ceiling windows provide expansive views of Sarasota Bay and the downtown skyline, while open-concept living spaces with high ceilings create airy, inviting interiors. Select corner and high-floor units offer wraparound terraces and Juliet balconies, ideal for outdoor entertaining or simply enjoying the spectacular Florida sunsets.

The residences feature gourmet kitchens with top-of-the-line appliances, chef’s sculleries with custom cabinetry and luxurious countertops, and spa-inspired master bathrooms with freestanding tubs and walk-in showers. Custom millwork, built-ins, and walk-in closets with organizational systems enhance functionality and elegance. Many units include private elevator access, and hurricane impact windows and doors ensure safety and peace of mind. Premium flooring options, including hardwood and tile, complement the sophisticated interior design, while utility rooms are equipped with Electrolux washer and dryer sets for convenience.

Amenities & Lifestyle

Mira Mar Sarasota offers a lifestyle that combines the cultural vibrancy of downtown with modern luxury amenities. Residents can enjoy a rooftop terrace with panoramic city and bay views, a state-of-the-art fitness center, and full-service concierge and lifestyle management. Secure private garage parking with guest spaces, climate-controlled storage units, and elegantly appointed resident lounges provide both convenience and comfort. The location is ideal for those seeking easy access to Sarasota’s cultural district, world-class dining, boutique shopping, and nearby beaches, including Siesta Key and Longboat Key. Waterfront recreation, boating, and marina access are just steps from the front door.

Investment & Market Potential

With only 70 exclusive residences, Mira Mar Sarasota offers limited supply and strong resale potential. Its prime downtown location ensures a walkable urban lifestyle, while the rare combination of historic preservation and new construction makes it a unique investment opportunity. Pre-construction pricing provides early buyers with attractive value in a market that has demonstrated strong appreciation. Additionally, Florida’s lack of state income tax attracts high-net-worth individuals, and the growing vacation rental market offers excellent income potential.

Development Timeline

The project has received city approval in July 2025, with historic restoration work commencing later that year. Condo sales are expected to launch in Q4 2025, with early buyer incentives available. Full project completion time to Q4 2028 | Q1 2029.

Why Choose Mira Mar Sarasota?

Owning a residence at Mira Mar Sarasota means holding a piece of Sarasota’s vibrant history. The restored 1922 landmark combines architectural heritage with modern luxury living, providing residents with an unparalleled lifestyle in the city’s cultural heart. With only 70 units available, exclusivity, investment potential, and connection to Sarasota’s historic downtown make Mira Mar Sarasota a truly unique opportunity.

Contact Lisa Otte

Lisa Otte is Sarasota’s independent new construction real estate expert. Contact her today for exclusive access to floor plans, pricing information, and early buyer opportunities.

• Phone: 941.281.5472
• Email: lisa@sarasotaluxurycondos.com

Disclaimer

Lisa Otte is not affiliated with any specific real estate development or its sales team nor has any affiliations with any brokerage selling the project. She is an independent real estate agent with Douglas Elliman Real Estate providing information and marketing about new construction projects in Florida.