Rare opportunity to own one of Sarasota's most unique historic properties. Built in 1926 during the Ringling era, this incredible Mediterranean Revival showplace was designed by a master architect Clare Hosmer in the style of a Venetian palace. Originally operated as a Luxury Hotel/Apartment and Great Potential for a Bed and Breakfast Inn. Today, each of its quaint Four-Room apartments provide a full Galley kitchen with Cozy Breakfast Nook, exquisitely appointed Sitting Room. It's guest included baseball legend, Babe Ruth and Champion Golfer, Bobby Jones. The Penthouse which has since been divided into two apartments where they stayed. With its authentic "roaring twenties" ambiance from a by gone era, this property is ideally suited for a use as a Bed and Breakfast Inn, winter or Corporate Retreats or conversion into a stately mansion. There is an adjacent carriage house with meeting/dining facilities and a commercial kitchen, & above it are 1bd 1ba & efficiency apartments 3 Parcels at 1.16 acres total, which offers enormous Banyan trees & Live Oak trees which provide shade & park like setting w/various fountains & statuary. Main building has 8 quaint Four-Room apartments provide a full Galley Kitchen w/Cozy Breakfast Nook, Living Room, bedroom & bath and has the beautiful original wood floors & 9 ft ceilings. Villa Serena Inn is listed in the National Register of Historic Places for its outstanding Historical significance. Sara Bay Country Club directly across the street which was also builtin 1926