Leona Helmsley, known as the “Queen of Mean,” died in 2007, leaving her Lido Beach hotel, the Helmsley Sandcastle Hotel, to her dog, Trouble. Trouble made his way over the Rainbow Bridge two years ago, and the hotel, which opened its doors in 1953, went up for sale recently. CBRE was entrusted with the sale of the property, and it was marketed as a site for condominiums.
The last day for offers to be submitted was earlier this week, but a decision hasn’t been made as of yet. Some visitors to Lido Key were disappointed that the hotel will most likely be turned into condos, but others realize that on the barrier islands, condominiums are a hot commodity, bringing more residents onto the beautiful beaches of Sarasota County.
Life on Lido Key is carefree, as residents are surrounded by the sun, surf and sand that make southwest Florida feel like the ultimate paradise. Just a stone’s throw from Sarasota, those making their homes on the island enjoy easy access to the cultural attractions, fine dining, boutique and mall shopping and excellent healthcare found in the city. They’re also within an hour to Tampa and two hours to the attractions of Orlando, Florida.
Stay tuned to find out what will happen with the Helmsley Sandcastle Hotel in the coming months and years. If you are interested in purchasing a piece of paradise on Lido Key, then this might be one complex worth keeping your eye on. Described as a “platinum piece of property” by some area real estate agents, any condominium complex going up in the building is bound to be replete with all of the luxury that you might expect from a property owned by the Queen of Mean herself.