Builder purchases Lido property for $3.5 million


Modus Custom Residences has purchased a double lot of 33,750 square feet at 165 Whittier Drive, Lido Key, for $3,496,000.

The luxury builder and developer will tear down a modest 1952 house and construct two "coastal contemporary" houses on the site, which is the street's closest lot to north Lido Beach.

Each house will have a 20- by 16-foot rooftop terrace among its outdoor living spaces, a saltwater pool, four bedrooms and four and a half baths in 3,500 to 4,000 square feet. Ten-foot sliding-glass doors on both levels will pocket to provide views of the beach and Gulf.

Construction is expected to be complete by summer 2015. Prices will range from $3.95  to $4.195 million.

In March, Modus bought a double oceanfront site at 267 Benjamin Franklin Drive. It is near completion of a $3 million, 4,100 square foot custom house,  for sale, at 373 Benjamin Franklin Drive, and a $5.1 million, 7,000 square-foot Gulf-front house on Casey Key.

Modus’ biggest project is a 10,000 square-foot, $8.5 million Gulf-front estate in Siesta Key’s Sanderling Club. The builder expects to begin construction in the fall.

Harold Bubil

Recipient of the 2015 Bob Graham Architectural Awareness Award from the American Institute of Architects/Florida-Caribbean, Harold Bubil is real estate editor of the Herald-Tribune Media Group. Born in Newport, R.I., his family moved to Sarasota in 1958. Harold graduated from Sarasota High School in 1970 and the University of Florida in 1974 with a degree in journalism. For the Herald-Tribune, he writes and edits stories about residential real estate, architecture, green building and local development history. He also is a photographer and public speaker. Contact him via email, or at (941) 361-4805.
Last modified: July 3, 2014
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