See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

500 HARBOR COVE CIRCLE, Longboat Key, FL, 34228

5beds
6baths
5,120sqft
$12,250,000
$2,393price/sqft
$85,978/moest. monthly cost
$3,439,120/yrincome needed

About This Home

Under Construction. Now nearing completion and expected to be delivered in approximately 60 days. Positioned within the exclusive Harbor Section of Bay Isles on Longboat Key, 500 Harbor Cove Circle is a newly constructed waterfront estate offering a rare combination of exceptional boating access, modern architecture, resort-inspired living, and one of the Gulf Coast’s most coveted addresses. Located behind the double gates of Bay Isles and directly across from The St. Regis Longboat Key Resort, residents enjoy immediate proximity to world-class hospitality, fine dining, marina services, championship golf, and tennis, while ownership includes access to the Bay Isles Beach Club. Encompassing 5,120 square feet under air and 8,564 square feet total, the residence features 5 bedrooms, 5 full baths, 1 half bath, a private office, elevator access to all levels, and a 4-car garage. A fully integrated smart home automation system provides seamless control of lighting, climate, security, audio, window treatments, pool and spa functions, and key home systems throughout the property. The arrival experience unfolds through a lagoon-inspired reflecting pool, floating stairway, and lush tropical landscaping, creating a dramatic resort-style arrival. Architectural lighting, natural stone, warm wood accents, and expansive walls of glass establish a sophisticated coastal aesthetic throughout the residence. Inside, expansive living spaces are enhanced by Venetian plaster, custom millwork, large-format stone surfaces, and carefully curated architectural details. One of the home’s defining architectural statements is a dramatic 20+ foot monolithic travertine feature wall wrapping an entire corner of the residence, creating a striking design element rarely found in residential construction. The chef’s kitchen is anchored by an oversized Calacatta marble waterfall island, premium custom cabinetry, integrated appliances, and generous entertaining space. Designed for seamless indoor-outdoor living, the residence opens to expansive covered terraces, a resort-style pool and spa, and a fully equipped outdoor kitchen featuring a grill, pizza oven, refrigeration, and multiple gathering spaces. Wellness-focused amenities include a private fitness area, sauna, cold plunge, and dedicated spaces for relaxation and recovery, creating a private wellness retreat. For boating enthusiasts, the property offers approximately 100 feet of protected waterfront frontage with direct access to Sarasota Bay and the Gulf of Mexico in less than two minutes. The dock is designed to accommodate a substantial yacht while still providing room for multiple additional lifts for a tender, fishing boat, personal watercraft, and other recreational vessels—an increasingly rare offering among Florida’s premier waterfront estates. One of the Gulf Coast’s rare opportunities to enjoy new construction, large-yacht capability, and resort-inspired living within the exclusive Harbor Section of Bay Isles.

Getting Around

10
WalkingCar-Dependent
0
TransitVery Limited Transit
48
BikeSomewhat Bikeable

Schools

10/10
5/10
Booker Middle SchoolGrades 6-85.2 mi
3/10
Booker High SchoolGrades 9-124.4 mi

Construction

Condition

  • Property condition: Under Construction
  • New construction: Yes
  • Year built: 2026

Materials

  • Foundation: Slab
  • Roof: Metal
  • Construction materials: Block,Stucco

Other

  • Builder model: 500 Harbor Cove
  • Builder name: WTW

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Oven,Dishwasher,Dryer,Refrigerator,Washer
  • Laundry features: Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 5
  • 1/2 bathrooms: 1

Features

  • Elevator,Sauna,Smart Home
  • Door features: Sliding Doors
  • Flooring: Engineered Hardwood,Other

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 8,564
  • Total interior livable area: 5,120 sqft

Kitchen

  • Level: Second

Living Room

  • Level: Second

Primary Bathroom

  • Level: Second

Primary Bedroom

  • Features: Walk-In Closet(s)
  • Level: Second

Property

Details

  • Parcel number: 0009060005
  • Special condition: None

Features

  • Levels: Three Or More
  • Stories: 3
  • Private pool: Yes
  • Pool features: In Ground,Salt Water
  • Exterior features: Balcony,Lighting
  • Has spa: Yes
  • Spa features: In Ground
  • Has view: Yes
  • View description: Water,Bay/Harbor - Partial,Canal
  • Has water view: Yes
  • Water view: Water,Bay/Harbor - Partial,Canal
  • On waterfront: Yes
  • Waterfront features: Canal - Saltwater,Bay/Harbor Access,Beach - Access Deeded,Saltwater Canal Access,Gulf/Ocean Access,Lift,Sailboat Water,Seawall

Lot

  • Lot size: 0.35 Acres
  • Features: Cul-De-Sac,Landscaped,Near Golf Course,Near Marina

Parking

  • Total spaces: 4
  • Parking features: Garage - Attached
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingVery High
  • Hurricane
    HurricaneVery High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Lightning
Tornado
Tsunami

FEMA Declared Disasters in Sarasota County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $61,942$743,304
Home Insurance *$10,386$124,632
Property Taxes $13,135$157,620
Electricity $515$6,183
Total$85,978$1,031,736
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$2,947,817/yr
40% on housing$2,579,340/yr
45% on housing$2,292,746/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.0%
15.0%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 6.6%
6.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$2,393This listing

vs Other Active Listings

Avg $/sqft

ZIP 34228$699
Sarasota County$344

vs Homes Sold Last Month

Median $/sqft

ZIP 34228$667
Sarasota County$245

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-22Listed for sale$12,250,000
2024-07-11Listing removed$11,000,000
2024-04-18Listed for sale$11,000,000
2024-03-20Listing removed--
2023-12-09Listed for sale$11,000,000
2023-11-30Listing removed--
2023-11-01Listed for sale$11,000,000
2023-08-04Listing removed--
2023-04-08Price change$9,728,400
2023-02-16Listed for sale$8,250,000
2022-12-14Listing removed$7,950,000
2022-11-16Price change$7,950,000
2022-08-21Price change$7,750,000
2022-05-12Listed for sale$7,000,000
2020-12-10Sold$1,918,152
2010-08-27Sold$1,500,000
2010-07-14Pending sale$1,750,000
2009-10-25Listed for sale$1,750,000
2009-08-15Listing removed$1,799,000
2009-04-21Price change$1,799,000
2009-01-18Price change$1,995,000
2008-12-25Listed for sale$2,295,000
2003-06-04Sold$1,850,000
1997-01-24Sold$995,000
1996-08-07Sold$1,000,000

New Construction

AgentRinat Sikdar
BrokerageCOLDWELL BANKER REALTY

Similar Homes