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342 N Washington Drive, St. Armand’s Key

January 15, 2021

When visionary circus magnate John Ringling purchased the land now known as St. Armand’s circle, he envisioned creating a world-class attraction comprised of luxury waterfront real estate and an abundance of shopping and dining options around the circular hub.

Today, waterfront property owners on St. Armand’s circle (of which there are only 81) have the luxury of living just steps from the famed shopping district with more than twenty eateries, affording them a blissful atmosphere of relaxed elegance in a park-like setting with palm-lined medians and tropical plantings.

One of the many famous residents of this island was BJ Palmer, the Developer of Chiropractic. Dr. Palmer made this residence on the Northwest quadrant his winter home for many years. Now, for the first time in over 40 years, this historic property is being brought to market for a new owner to write the next chapter.

At nearly 16,000 SF and featuring 110’ of water frontage with a dock and boathouse, this parcel offers the perfect canvas for an architect and builder to design and construct a modern masterpiece. Overlooking Pansy Bayou, a protected Manatee refuge, the property affords unparalleled privacy, unobstructed Bay views and the opportunity to marvel at the presence of Sarasota’s gentle “sea cows.”

Public boating entry is not permitted into the Bayou, meaning only the 30 property owners adjacent to the Bayou are granted permission to boat through these waters. The convenient walkability and charm of this historic neighborhood make it one of the most coveted spots in Sarasota.

The 1940’s ranch-style home currently on the property is rented through 6/1/21 and can continue to be rented or enjoyed by the new owners while the design process is underway. Rarely does such a marvelous piece of waterfront property come available! Don’t miss out on this once-in-a-half-century opportunity.

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