- March 4, 2026
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A resort-style home on Sarasota Bay in the Harbor Acres enclave sold recently for more than $14 million, one of the highest prices reached for a piece of residential real estate in the first quarter of 2026.
Kim Ogilvie and Lynn Morris of The Kim Ogilvie Group at Michael Saunders & Company sold the property at 1356 Harbor Drive earlier this month for $14.75 million. Though not publicly listed, the property was initially priced at $15.5 million. Ogilvie and Morris also represented the buyers in the transaction.
Sarasota County court records show the sellers were Robert and Brenda Biallas, and the buyer was David Douglas Johnson.
Built in 2017, the waterfront residence overlooks Sarasota Bay and features five bedrooms and seven bathrooms across 6,752 square feet. Amenities include a resort-style pool, terraces and a boat dock.
“Harbor Acres continues to set the standard for the waterfront lifestyle in Sarasota,” said Michael Saunders, founder and CEO of the company. “This sale reflects the strength of our luxury market and the trusted relationships our associates build with discerning buyers and sellers at every level.”
About 40 homes are currently listed for sale in the Sarasota area for $10 million or more, and about a dozen priced higher than $15 million.
Although the eight-figure residential market is generally an economy unto itself, broader markets in Sarasota are showing year-over-year declines in median sale prices. January data shows the benchmark falling from $529,750 to $490,000, 7.5%.
About 4 miles away, on St. Armands Key, a home on South Washington Drive is listed for $16.85 million, and even closer, less than a mile, a home on Hillview Drive is listed for $17.35 million, according to Homes.com.
In a report released this week by the Real Estate Association of Sarasota and Manatee, president David Crawford said the regional market shows signs of finding its equilibrium after years of out-of-character performance.
“As buyers and sellers evaluate their value propositions, we are seeing the market finding more of a balance and a feeling of confidence that we have settled into a more stable or "new normal" market compared to the swings we saw over the past few years,” he said.
