Benzinga, DJ

Shifting Sands: The Rise of Luxury Real Estate in the Sunbelt States

As wealthy individuals from high-tax states like California, Illinois, and New York shift their luxury real estate portfolios to tax-friendly, lower-cost states like Texas, Georgia, the Carolinas, and Florida, Sarasota emerges as a prime destination. This stunning waterfront estate on Roberts Bay in Sarasota, Florida, offers unparalleled luxury, breathtaking views, and seamless access to the Gulf, epitomizing the ultimate Florida lifestyle.

Sarasota, FL, United States, 1st Jul 2024 – As the winds of change blow across America, a notable trend is reshaping the luxury real estate landscape. Wealthy individuals from high-tax, high-cost-of-living states like California, Illinois, and New York are increasingly setting their sights on the Sunbelt states – Texas, Georgia, the Carolinas, and Florida. These states offer not only significant tax advantages and lower costs of living but also a more business-friendly regulatory environment and delightful climates. Moreover, burgeoning financial hubs in these states are further attracting affluent buyers looking to optimize their real estate portfolios.

The allure of the Sunbelt states is multifaceted. Texas, for example, boasts no state income tax, a thriving economy, and vibrant cities like Austin and Dallas, which are quickly becoming tech and business powerhouses. Georgia and the Carolinas are celebrated for their blend of southern charm, economic growth, and lower property taxes. Meanwhile, Florida stands out with its year-round sunshine, zero state income tax, and burgeoning financial sector, particularly in metro areas like Miami and Tampa.

One such gem in the Sunshine State is Sarasota, a city that epitomizes the luxurious yet laid-back Florida lifestyle. For affluent individuals currently residing in bustling metropolises like Los Angeles, Chicago, or New York, Sarasota offers an enticing combination of elegance, tranquility, and unparalleled access to natural beauty; big city amenities with little city charm.

Consider a property that perfectly embodies this allure: a stunning waterfront estate on Roberts Bay in Sarasota, now available at a reduced price $8,995,000. This meticulously renovated home offers a breathtaking blend of modern luxury and timeless elegance. Nestled toward the end of a private street, the estate immediately impresses with its resort-style landscaping, circular paver driveway, and sophisticated facade.

Stepping through the grand custom doorway, residents are greeted by the serene turquoise hues of Roberts Bay. The home’s open and airy floorplan ensures that nearly every room is graced with stunning water views. Designed for both comfort and entertainment, the expansive living space includes a music parlor, billiard area, family room, and a fireplace-adorned dining room. The vast kitchen, a chef’s dream, features double islands with exotic stone countertops, a double oven, six-burner gas stove, and a 625-bottle climate-controlled wine room, making it perfect for hosting family gatherings and sophisticated soirees.

The outdoor space is equally impressive. Beyond hurricane-rated windows and sliding doors lies an oasis complete with an infinity-edge pool, expansive paver pool deck, and separate seating and dining areas. The deep-water dock and 10,000-pound boat lift cater to boating enthusiasts, offering seamless access to the Gulf of Mexico. The lush, resort-like landscape provides a serene backdrop for relaxation and recreation, making it an ideal retreat for both adults and children.

Spanning over 6,000 square feet, the home includes four bedrooms, four and a half baths, an office, and an upstairs entertaining space. The main floor hosts the primary bedroom suite, an oversized office, and a private guest suite, while the upper-level features additional bedrooms, a bonus room with a wet bar, and a grand balcony offering more stunning views of the bay.

San Remo Estates, the community where this magnificent home is located, offers an enviable position just moments from the vibrant heart of Sarasota and the top-rated Siesta Key Beach. The neighborhood’s tranquil, tree-lined streets and manicured landscapes create an ambiance of timeless elegance. Proximity to top-rated schools, healthcare facilities, and highly regarded restaurants further enhances its appeal.

For those seeking to relocate from high-cost, high-tax states, this Sarasota estate represents more than just a beautiful home; it offers a complete lifestyle upgrade. With sparkling views of Roberts Bay, seamless access to the Gulf, and a community rich in amenities and charm, it’s an invitation to embrace the best that Florida has to offer. This property is a testament to why the Sunbelt states are becoming the new frontier for luxury real estate investment. For more information on this and other Sarasota real estate, contact the listing agents, led by Mark Coppens the Chairman & Founder of Living Vogue Real Estate, at (941) 444-0436 or Or visit for more information.

Media Contact

Organization: Living Vogue Real Estate

Contact Person: Mark Coppens


Email: Send Email

Contact Number: +18004861794

Address: 1540 Main St

City: Sarasota

State: FL

Country: United States

Release Id: 01072413752