$12,250,000
500 Harbor Cove Circle
Longboat Key, FL 34228
Listing updated: June 22, 2026 at 2:23 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage spaces
Flood zone
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.
Local Insight
At $12.25M for a brand-new 5,120-square-foot home, you're paying $2,393/sqft in Bay Isles—solidly at the top tier for Longboat Key new construction, so the value hinges entirely on waterfront orientation and finishes since the lot is modest at 0.35 acres. The AE flood zone designation is a significant consideration that will affect insurance costs and potential future regulations, particularly relevant given Florida's changing flood risk landscape. The no-HOA structure is a genuine plus for a property at this price point, though you'll want to verify what Bay Isles' community amenities actually include before assuming you're getting resort-level perks.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history0 days on market
- Status: ActiveJun 22, 2026
- Listed$12,250,000Jun 22, 2026
- Price increased$12,250,000
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 0
- Subdivision
- Bay Isles
- County
- Sarasota
- Year built
- 2026
- Living area
- 5,120 sq ft
- Price/sq ft
- $2,393
- Building area
- 8,564 sq ft (Builder)
- Lot size
- 15,053 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- AE
- Garage
- 4 spaces
- Pool
- Private pool
- Annual taxes
- $20,619 (2025)
- Parcel #
- 0009060005
- MLS #
- A4697649
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Interior Details
- Bedrooms
- 5
- Full bathrooms
- 5
- Half bathrooms
- 1
- Flooring
- Hardwood, Other
- Appliances
- Built-In Oven, Dishwasher, Dryer, Refrigerator, Washer
- Interior features
- Elevator, Sauna, Smart Home
- Laundry
- Laundry Room
- Stories / Levels
- Three Or More
- Direction faces
- North
- New construction
- Yes
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Garage spaces
- 4
- Attached garage
- Yes
HOA & Financial
- HOA fee
- $0 / Annually
- Monthly HOA
- $0/mo
- Total monthly fees
- $203/mo
- Total annual fees
- $2,433
- HOA name
- Ken Kandefer
- CDD
- No
- Min lease term
- 1-2 Years
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- Review HOA documents
- Approval process
- Review HOA documents
Exterior & Construction
- Exterior features
- Balcony, Lighting, Sliding Doors
- Construction materials
- Block, Stucco
- Roof
- Metal
- Foundation
- Slab
- Pool
- Private pool
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Available, Electricity Connected, Sewer Connected, Water Connected
Community
- Pets allowed
- Yes
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | Second | |
| Primary Bathroom | Second | |
| Kitchen | Second | |
| Living Room | Second |
Listing Details
- Listing date
- 2026-06-22
- On market date
- 2026-06-22
- Original list price
- $12,250,000
- Occupant type
- Vacant
- MLS area
- 34228 - Longboat Key
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-06-22
- Tax legal description
- LOT 67 BAY ISLES UNIT 1
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
North on Gulf of Mexico Dr, turn Right into Harbourside Dr, speak with guard at the gate then make an immediate Right onto Harbor Sound, Right on Harbor Cove.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 22, 2026 at 2:23 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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