Mira Mar Residences

A 1922 Landmark Reimagined on Palm Avenue

Few addresses in Florida can claim to be both brand-new and a century in the making. Mira Mar Residences, rising in the heart of downtown Sarasota along storied Palm Avenue, is exactly that rare proposition — a meticulously restored 1922 landmark paired with two contemporary 18-story towers of estate-scale luxury condominiums. Developed by Seaward Development, the team behind the acclaimed Epoch on Gulfstream Avenue, Mira Mar represents one of the most significant new-construction opportunities to reach the Sarasota luxury condo market in a generation.

This is preservation and progress in a single signature. The original Mira Mar — Sarasota’s very first hotel and first luxury residence when it opened during the city’s 1920s land boom — once stretched nearly 400 feet along Palm Avenue and helped put Sarasota on the map as a glamorous Gulf Coast destination. Today, its beloved Mediterranean Revival façade is being painstakingly brought back to life, while two slender residential towers rise discreetly behind it. The result is a downtown Sarasota address with genuine historic soul and every modern comfort the contemporary buyer expects.

An Exclusive Collection of Just 70 Residences

Scarcity defines true luxury, and Mira Mar Residences is built around it. The development is limited to only 70 condominiums — 35 per tower — ensuring a level of privacy and exclusivity almost unheard of among downtown Sarasota high-rises. These are not ordinary apartments stacked in the sky; they are generously proportioned, single-family-home-inspired residences designed for buyers who refuse to compromise on space, light, or grandeur.

Floor plans span an expansive range, with three- and four-bedroom layouts reaching from roughly 3,300 to 6,000 square feet. Each home is anchored by a private elevator foyer that opens directly into the residence, oversized wraparound terraces that blur the line between indoors and out, and floor-to-ceiling glass framing some of the finest views on Florida’s Gulf Coast. Thoughtful orientation gives residents sweeping panoramas of Sarasota Bay, Marina Jack, and the sparkling downtown skyline — vistas that change with the light of every Gulf Coast sunset.

Pre-construction pricing currently begins in the high $3 millions and extends into the $10 million-plus range for the most coveted upper-floor and penthouse-caliber homes. For early buyers, this opening price point represents a compelling entry into a supply-constrained, appreciation-driven market — and a chance to customize finishes long before the towers top out.

Heritage Craftsmanship Meets World-Class Construction

What sets Mira Mar apart is the caliber of talent assembled to deliver it. The historic restoration — a roughly $29 to $30 million undertaking — is being executed by Suffolk Construction, the renowned general contractor whose résumé includes the billion-dollar restoration of New York City’s iconic Waldorf Astoria. Architectural duties are shared by Rick Gonzalez of REG Architects and Igor Reyes of Nichols Architects, two firms with deep expertise in marrying historic preservation to forward-looking design.

That pedigree matters. Restoring a fragile, hundred-year-old structure built on a foundation of beach sand requires a steady, specialized hand, and the Mira Mar project has earned praise from local preservation leaders as a model for balancing heritage with thoughtful urban growth. For buyers, it translates into a residence backed by craftsmanship and accountability at the very highest level.

The Restored Palm Avenue Promenade

Mira Mar is more than a place to live — it is a destination woven into the fabric of downtown Sarasota. The preserved historic building will anchor a vibrant collection of boutique shops and chef-driven restaurants along Palm Avenue, with the developer in active discussions to bring first-to-market dining and retail concepts to the ground-floor promenade. Residents will step from their private elevators into a walkable, pedestrian-friendly enclave where morning coffee, gallery strolls, and evening reservations are all just steps from the front door.

This is the kind of authentic, mixed-use urban experience that downtown Sarasota does better than almost anywhere in Florida — and Mira Mar sits squarely at its center.

An Address in Sarasota’s Cultural Heart

Location is the quiet luxury here. Positioned between Main Street and the Bayfront Park & Marina, Mira Mar places residents within an effortless walk of Sarasota’s celebrated arts and culinary scene. The Sarasota Opera, the city’s renowned galleries, the Van Wezel Performing Arts Hall, and a constellation of independent restaurants and cafés all lie within the immediate neighborhood. Bayfront green space, the marina, and the water’s edge are moments away.

Beyond downtown, the wider region rewards every lifestyle. The sugar-white sand of Lido Beach is roughly ten minutes by car, the boutiques and dining of St. Armands Circle sit just across the Ringling Bridge, and Sarasota-Bradenton International Airport is a short, convenient drive for seasonal residents and frequent travelers. Few Florida addresses balance urban energy and coastal serenity as gracefully as this stretch of Palm Avenue.

A Sound Investment in a Resilient Market

Mira Mar Residences arrives at a moment of genuine strength for Sarasota luxury real estate. The combination of strictly limited inventory — just 70 homes — and an irreplaceable, walkable downtown location creates a compelling case for long-term value and resale strength. Florida’s absence of a state income tax continues to draw high-net-worth buyers from across the country, while pre-construction pricing offers early purchasers an attractive position in a market that has demonstrated steady appreciation.

For investors and primary-home buyers alike, owning at Mira Mar means holding a tangible piece of Sarasota’s history within a one-of-a-kind, future-forward residence.

Reserve Your Place in Sarasota History

Mira Mar Residences has secured its construction permit and city approvals, with vertical construction underway and overall completion anticipated by the end of 2028. Reservations are being accepted now, and pre-construction incentives reward those who act early in the sales process.

To explore floor plans, pricing, and availability, or to arrange a private presentation at the sales gallery, connect with us today. Mira Mar is downtown Sarasota’s next great legacy — and the opportunity to own a piece of it begins right now.