The luxurious Siesta Key bayfront estate known as Crystal Waters has officially changed hands in a stunning all-cash transaction. Closing on September 17, 2026, this massive deal marks the single largest residential sale in the Sarasota area for the year.
Originally listed at nearly $30 million, the property ultimately commanded a final price of $21.95 million. This ultimate figure represents a significant adjustment of about 26.8 percent below its latest asking price.
The Legacy Behind Crystal Waters
The magnificent property was originally named partly in honor of owner Crystal Lahners, a prominent local philanthropist. Her late husband, ophthalmologist William Lahners, originally purchased the pristine land back in 2019.
Following her husband’s unexpected passing in 2021, Lahners persevered to see the vision through. She successfully completed the custom home’s ambitious construction phase by 2024, turning a dream into reality.
Architectural Brilliance and Design
Every single square foot of this compound reflects master craftsmanship and visionary planning. For those who appreciate structural artistry, exploring various architecture articles can offer deeper insights into these luxury builds.
Book Your Dream Vacation Today
Flights | Hotels | Vacation Rentals | Rental Cars | Experiences
Designed expertly by Stofft Cooney Architects and brought to life by Florida West Builders, the estate spans nearly three acres. It boasts an impressive 12,000 square feet of total interior living space.
The sprawling luxury compound features a massive 10,267-square-foot main residence. It is accompanied by a charming 1,700-square-foot Old Florida-style guesthouse.
The sophisticated interiors were meticulously crafted by renowned designers Phoebe and Jim Howard. Their touch brings a timeless elegance that complements the coastal environment.
Unmatched Outdoor Amenities and Lifestyle
Stepping outside reveals a resort-like oasis designed for ultimate relaxation and recreation. The grounds elevate the concept of high-end home design to remarkable new heights.
Key outdoor features of the estate include a stunning 56-foot saltwater vanishing-edge pool. Residents and guests can also enjoy a private tennis court equipped with a dedicated pavilion.
Water enthusiasts will certainly appreciate the expansive 90-foot dock capable of accommodating large vessels. Additionally, car collectors will love the cavernous seven-car garage.
Meet the New High-Profile Buyers
The proud new owners of this architectural marvel are Julie and Edward Burke. The couple smoothly transitioned into this estate after upgrading from their previous Harbor Acres home.
Demonstrating immense strength in the local luxury market, they sold their former residence for $13.35 million just days prior. This seamless transition highlights the dynamic movement happening within top-tier real estate circles.
As Sarasota continues to attract discerning buyers looking for elite properties, transactions like this set a new standard. The sale of Crystal Waters will undoubtedly remain a benchmark for luxury real estate for years to come.
Here is the source article for this story: Siesta Key Home Sells for $21.95 Million—Cash
Book Your Dream Vacation Today
Flights | Hotels | Vacation Rentals | Rental Cars | Experiences