Mira Mar Residences

A 1922 Sarasota Landmark, Reborn as 70 Estate Residences

Few new developments in Sarasota carry the history Mira Mar does. The original Mira Mar Hotel opened in 1922 during Sarasota's land boom, quickly becoming the city's social and cultural anchor — hosting Metropolitan Opera concerts and standing, for decades, as one of the defining buildings on South Palm Avenue. After a long and closely watched preservation debate, the historic Mediterranean Revival structure is now being fully restored, with two new 18-story residential towers rising behind it — together delivering just 70 estate-style residences, 35 per tower.

Developed by Sarasota-based Seaward Development, with Nichols Architects leading the new towers and REG Architects overseeing the historic restoration, Mira Mar Residences offers three- and four-bedroom layouts from roughly 3,300 to 6,000 square feet, with 10- to 12-foot ceilings and deep private terraces built for al fresco living, complete with summer kitchens and built-in grills. The restored historic Mira Mar building itself will anchor the project with retail and restaurant space along Palm Avenue — meaning residents live behind a piece of Sarasota's architectural history that's once again a working part of the street.

Pricing starts at $3.8 million, and revenue from residence sales is directly funding the historic building's restoration, estimated at up to $30 million. Completion of the residential towers is targeted for the end of 2028.

Quick Facts

Signature Amenities

• The Sky Speakeasy Lounge — a residents-only 19th-floor retreat with a private bar, lounge seating, and beverage lockers
• Resort-style elevated pool deck with cabanas and lounge seating
• Fitness center, private movement studio, and spa-inspired locker rooms with steam, sauna, and cold plunge
• Deep private terraces with built-in summer kitchens and gas grills
• Private elevator access to each residence
• Restored historic Mira Mar building anchoring retail and dining along Palm Avenue

Life on South Palm Avenue

Palm Avenue is one of the most established and consistently appreciating addresses in downtown Sarasota — a gallery-lined street that has long anchored the city's arts scene, now steps from the bayfront, the Sarasota Opera House, and downtown's finest dining. Mira Mar's location places residents in the middle of that legacy corridor, with the restored historic building itself contributing new restaurant and retail energy directly at the base of the towers.

Frequently Asked Questions

Where is Mira Mar Residences Sarasota located?

Mira Mar Residences is located at 65 S. Palm Avenue in downtown Sarasota, on one of the city's most established arts and dining corridors.

Is the historic Mira Mar building being preserved?

Yes. The 1922 Mediterranean Revival Mira Mar building is being fully restored and will house retail and restaurant space, anchoring the two new residential towers rising behind it.

How many residences will Mira Mar have?

The project totals 70 residences — 35 in each of two 18-story towers.

What is the starting price at Mira Mar Residences?

Pricing starts at $3.8 million.

When will Mira Mar Residences be completed?

The residential towers are expected to be completed by the end of 2028, alongside the restoration of the historic building.