Historic Siesta Key Higel Estate Lists for $25.5 Million

The 2.64-acre property on Shell Road features a main residence and two-bedroom guest home.

Updated on Oct. 15, 2026 in Residential

Gouache-painted illustration of a coastal estate veranda surrounded by tropical plants and a pool, evoking a luxurious Florida residential property. — The historic Higel Estate on Siesta Key has been listed for $25.5 million, highlighting strong demand for coastal luxury in Sarasota. AI Illustration. Upload story photo >

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Hailey Kendall of William Raveis Real Estate has listed the historic Higel Estate in Siesta Key for $25.5 million. The compound spans 2.64 acres and includes 290 feet of private beach frontage.

Why it matters

The listing reflects the continued demand for high-end coastal properties in the Sarasota luxury market. Analysts project that properties like this estate will likely increase in value in the coming years.

The property covers 2.64 acres and includes a 2,937-square-foot main house built in 1953. The listing includes approved architectural plans for a 14,000-square-foot mansion or an 8,000-square-foot alternative design.

The players

Hailey Kendall

She is a Broker Associate for William Raveis Real Estate who is managing the sale of the Higel Estate.

The details

The estate comprises three combined parcels on Shell Road, blending original 1953 architectural elements with modern updates. It features a four-bedroom main house, a two-bedroom guest residence, and an outdoor pool.

The original residences were constructed in 1953.
A waterfront Siesta Key home sold for $26 million in September 2026.
The Crystal Waters property sold for $21.95 million in early October 2026.
The Higel Estate listing officially went live on October 15, 2026.

Culture Shift

The listing highlights a broader shift toward the development of ultra-luxury mansions on large coastal parcels. This trend replaces older, smaller footprints with significant modern builds designed to maximize value in the Sarasota luxury market.

This listing sets a high price benchmark for Siesta Key, potentially influencing the valuation of neighboring waterfront properties. Residents should monitor similar local listings to track how demand for large-acreage parcels affects area market trends.

The takeaway

Large waterfront estates in Siesta Key continue to command record-level interest from luxury buyers. Investors often seek properties with pre-approved architectural designs to streamline the process of building high-end homes on significant acreage.