Updated Sep 29, 2026
Charles Lomangino 2018 Irrevocable Trust Sells 3990 Higel Avenue Sarasota For $26M With Adnan Dedic As Seller's Rep
3990 Higel Avenue
$26,000,000
$2,000/SF
Building Size
13,000 SF
Asset Type
Single Family
Closing
Sep 28, 2026
About this deal
AI
A single-family home located at 3990 Higel Avenue in Sarasota, FL, has been sold for $26,000,000. The property encompasses 13,000 square feet and is situated on 1.18 acres. Its price per square foot stands at $2,000. The home features five bedroom suites, Gulf views, an infinity pool, a two-bedroom guest house, and a private 20,000-pound boat lift.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $26,000,000
- Address: 3990 Higel Avenue
- Market: Sarasota, FL
- Acres: 1.18
- Seller: Charles Lomangino 2018 Irrevocable Trust
- Seller's Representative: Adnan Dedic - Compass
- Original Asking Price: $29,995,000
- Discount from Asking Price: Nearly 13%
- Buyer Identification Status: Not yet identified in county records
Adnan Dedic of Compass represented the seller in this transaction, facilitating the sale of this newly built home on Siesta Key. The buyer's information remains undisclosed as per county records.
On the Map
$26,000,000
$2,000/SF
Single Family
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Sarasota Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93