Ringling Circus Brother Built This Newly Listed Florida House in 1918 Complete With a Speakeasy

A Sarasota, Florida, home built for one of the founders of the Ringling Brothers Circus is now up for sale, asking nearly $2.5 million.

The Gulf Coast home was built in 1918 for Alfred Ringling and his family as their “entertaining house,” according to listing agent Ryan Ackerman of Coldwell Banker Realty. A grander home where the family actually resided was built next door. Alfred Ringling, however, died in 1919 before he got to enjoy the property.

Because the home was built solely for entertaining and hosting guests, its main living space, designed as a ballroom, has 20-foot ceilings, and large bedrooms were built on the ground floor of the home. There’s also one very period-specific detail.

“The home was built during the Prohibition era, so there’s an area that was a speakeasy,” said Ackerman, who brought the home to the market in mid-March.

The speakeasy room is upstairs, with a slanted ceiling and a sink. It’s currently used as an art studio, though it could serve any function that’s needed by the next owners, whether that’s a home office or an additional bedroom.

There are many other original details, including the pine floors, baseboards and windows with hand-poured antique glass that open by a pulley system. There’s also original picture rails throughout, and the home’s paneled walls were made with the siding from the Ringling family’s train cars.

“All of the owners who have owned this home since Alfred Ringling have really kept true to the home in terms of its bones,” Ackerman said.

The home last traded hands in 2022, when Michele Vandendooren, founder of eye care company Low Vision Works, bought it for $1.6 million, according to records on PropertyShark.

Vandendooren said she felt a responsibility to preserve the historic home. “I see myself as a caretaker. It’s a home that deserves to be protected and loved,” she said in an email.

She “gently” modernized the home where needed, redoing the pool area and decking as well as the entire kitchen area, which includes the laundry room and a coffee bar, Ackerman said.

Located steps from the Sarasota Bay, the 4,782-square-foot home has five bedrooms, four full bathrooms and one partial bathroom . There’s a detached two-car garage, and the pool area also has a hot tub and a fire pit.

Alfred Ringling was the middle of seven brothers, though only five were involved with the circus, founded as the Ringling Bros. World’s Greatest Shows in 1884.

In 1919, the Ringling brothers acquired P.T. Barnum and James Anthony Bailey’s circus to become the Ringling Bros. and Barnum & Bailey Circus, which closed in 2017. The circus relaunched in 2023 without animal acts.

While the first iteration of the Ringling Brothers Circus was founded in Wisconsin, brothers John and Charles moved it to Sarasota. In the 1920s, John Ringling had an extravagant mansion built as his family’s winter retreat, known as Cà d’Zan.

It’s now a historical site that’s open to the public and is part of the Ringling Cultural Center, which also includes an art museum and a circus museum and is located just 2 miles south of Alfred Ringling’s home.

Australia’s housing crisis will not be solved by first-home buyer incentives or tax changes alone, with leading property figures warning governments must tackle supply constraints if affordability is to improve.

Speaking at the Kanebridge Quarterly Property Leadership Summit in Sydney last week, expert project marketing specialist Sam Elbanna, property investor and fund manager Paul Miron and property consultant Karla McNeice said that a lack of housing supply remained the central issue facing the market.

Elbanna, Director of CPM Realty with more than 30 years’ experience in project sales, argued that successive governments had focused too heavily on stimulating demand rather than addressing the barriers preventing new housing from being delivered.

“The misconception is that politicians think the way to solve the housing crisis is to drive demand,” he said.

“The reality is that’s not the way. This is a supply-side problem, and it needs to be solved on the supply side.”

Drawing on his experience in project sales, Elbanna said policies designed to help first-home buyers often had unintended consequences, pointing to previous grants that ultimately flowed through to higher property prices.

Instead, he said developers were facing increasing red tape, approval delays and rising costs, which were discouraging new housing supply.

“In the absence of stock, demand exceeds supply,” he said.

Miron, a Co-Founder and Fund Manager of Msquared Capital, said the housing debate had become overly focused on tax policy while overlooking broader structural issues.

He argued that affordability challenges stemmed from a combination of factors, including planning constraints, supply shortages, migration levels and interest rates.

“No-one can be 100 per cent certain on the real reason for property prices is going up,” he said.

“The reason why property prices are higher is a combination of interest rates, lack of supply, migration, vacancy rates and maybe taxes play a role.”

Miron was critical of recent federal housing policy changes, warning they could reduce the number of new homes being built and further constrain supply that was even highlighted in the budget.

He also highlighted the importance of the property sector to the broader economy, noting that residential real estate and related industries employed more than one million Australians.

McNeice, who advises developers on sales strategy and market intelligence, said understanding buyers had become increasingly important as affordability pressures intensified.

While affordability remained a major consideration, she said today’s buyers were focused on value rather than simply price.

“People are looking for value for money,” she said.

She said buyers were increasingly evaluating factors such as transport connections, walkability, nearby amenities and flexible living spaces that could accommodate changing family needs.

“What infrastructure is going on? Can I walk to the shops? Can I meet people at the local cafe?” she said.

The panel also discussed the mounting pressures facing developers, with Elbanna arguing that many projects become financially unviable from the moment a site is purchased.

“The viability of a development happens at the moment the site is bought,” he said.

He said rising construction costs, higher interest rates and overly optimistic feasibility assumptions had left some developers exposed as market conditions changed.

While acknowledging the growing number of smaller and first-time developers entering the market, Elbanna said property development required expertise across finance, construction, marketing and legal disciplines.

“It is actually a business that requires a level of expertise,” he said.

Looking ahead, the panel agreed opportunities remained in the market despite current challenges.

Miron said property should continue to be viewed as a long-term investment and cautioned against trying to time short-term market movements.

McNeice said success would increasingly depend on identifying projects that genuinely met changing buyer expectations.

Elbanna said affordable housing remained achievable, but developers needed to deliver more than just homes.

“We can provide affordable housing in this country,” he said.

“But we’ve got to wrap that affordable housing with the things that people want.”

As Australia’s housing affordability debate intensifies, the panellists agreed on one point: without a meaningful increase in housing supply, demand-side measures alone are unlikely to solve the nation’s property challenges.

Ringling Circus Brother Built This Newly Listed Florida House in 1918 Complete With a Speakeasy

Alfred Ringling commissioned the Sarasota house, now listed for $2.5 million, solely for entertaining and hosting guests.

Australia’s housing affordability crisis is being fuelled by chronic undersupply, planning delays and rising development costs, as politicians continue to focus on the wrong solutions.