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.
