NOT LISTED FOR SALE

Watergate One Condo 1111 N Gulfstream Ave Unit 5C Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $1,032,000 - $1,520,000

2 Beds
2 Baths
1,736 Sq Ft
$1,000/mo HOA Fee

Last Sold December 15, 2021

Last sale price $920,000 $530 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $8,633/month

34 Days on Market

Highlights

  • White Water Ocean Views
  • Fitness Center
  • Open Floorplan
  • Booker High School Rated A-
  • Heated In Ground Pool
  • 5-minute walk to Causeway Park

About This Home

As of December 2021

Imagine waking up and the first thing on your agenda is to observe all of the activity on the Sarasota Bay from your floor to ceiling windows. This 5th floor corner unit has expansive southern views from the lounge, dining and kitchen areas that offer tranquil and majestic views of the Sarasota bay and yachts at Marina Jack's. This unit features two bedrooms, two bathrooms and a den that is currently converted into a third bedroom, a formal dining room and a glamorous European style kitchen. The architectural details, arches and deep crown molding throughout the unit are simply amazing. The large L-shapped balcony with new glass panels provides delightful water views, morning sunrises and the downtown skyline. One Watergate is a well-managed building with ample green exterior space, swimming pool, BBQ area, two tennis courts, new fitness facility, and storage for kayaks and bikes. This property is within walking distance to all that downtown Sarasota has to offer including restaurants, opera, theaters, art galleries, shopping and places of worship. It's an easy trip to Lido Key Beach, Sarasota Yacht Club and St. Armand's Circle. Here you can either live an exciting, fast-paced and metropolitan lifestyle or it can be used as a peaceful and quiet getaway.

Last Agent to Sell the Property

Ingrid Walker

MICHAEL SAUNDERS & COMPANY License #3292350 Listed on: 08/25/2021

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Ingrid Walker

MICHAEL SAUNDERS & COMPANY License #3292350 Listed on: 08/25/2021

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,401

Year Built

  • Built in 1974

Lot Details

  • End Unit
  • Northwest Facing Home
  • Land Lease expires 5/31/22

HOA Fees

  • $1,000 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Circular Driveway
  • Assigned Parking

Property Views

Home Design

  • Slab Foundation
  • Membrane Roofing
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,736 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Bar Fridge
  • Crown Molding
  • Ceiling Fan
  • Drapes & Rods
  • Sliding Doors
  • Combination Dining and Living Room
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Eco-Friendly Details

  • Reclaimed Water Irrigation System

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Saltwater Pool

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Outdoor Grill
  • Porch

Location

  • Flood Zone Lot
  • Property is near public transit
  • City Lot

Schools

  • Southside Elementary School
  • Brookside Middle School
  • Sarasota High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, fidelity bond, insurance, internet, maintenance structure, ground maintenance, manager, pest control, pool maintenance, private road, recreational facilities, security, sewer, trash, water
  • Tanya Buckelew Association, Phone Number (941) 366-1611
  • One Watergate Community
  • One Watergate Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions
  • Rental Restrictions
  • Handicap Modified Features In Community
  • 18-Story Property

Amenities

  • Elevator

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,401

Year Built

Built in 1974

Lot Details

0

HOA Fees

$1,000 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Private Road, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1736
  • New Construction: No
  • Year Built: 1974
  • Building Area Total: 1996
  • Directions to Property: West on John Ringling Causeway, left onto Sunset, then take a hard right and drive straight to the circular drive and park in front *DUE TO CONSTRUCTION, THE ONLY WAY TO ACCESS ONE WATERGATE IS THROUGH THE REAR GATE OFF OF 41*
  • Status: Sold
  • Street Direction: N
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4510488?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4510488?w=Customer
  • Floor Number: 5
  • Homestead Y N: No
  • Unit Number Y N: No
  • Property Description: Corner Unit, End Unit
  • Ratio: Close Price\List Price: 0.96335
  • Price per Sq Ft: 529.95
  • Close to Original List Price Ratio: 0.96335
  • Ratio: Current Price\Building Area Total: 460.92
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 2
  • Interior Amenities: Built in Features, Ceiling Fans(s), Crown Molding, Eating Space In Kitchen, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Electric Water Heater, Ice Maker, Microwave, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: No
  • Stories: 18
  • Window Features: Drapes
  • Street Number Modifier: 1111
  • Room Count: 7

Exterior Features

  • Direction Faces: Northwest
  • Pool Features: Gunite, Heated, In Ground, Salt Water
  • Exterior Features: Balcony, Irrigation System, Lighting, Outdoor Grill, Sliding Doors, Tennis Court(s)
  • Roof: Membrane
  • Pool Private: Yes
  • View: Water
  • Waterfront: No
  • Patio and Porch Features: Deck, Patio, Porch
  • Road Surface Type: Paved
  • Water View: Bay/Harbor - Full, Marina
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0133F

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Assigned, Circular Driveway, Covered, Guest
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Public, Sprinkler Recycled
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Fitness, Handicap Modified, Irrigation-Reclaimed Water, Pool, Tennis Courts
  • Association Fee Frequency: Quarterly
  • Association Name: Tanya Buckelew
  • Phone: (941)366-1611
  • Association: Yes
  • Senior Community: No
  • Condo Fees: 3000
  • Condo Fees Term: Quarterly
  • Association Email: owaoffice@gmail.com
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 1000
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 12000
  • Total Monthly Fees: 1000

Schools

  • Elementary School: Southside Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: DTB
  • Parcel Number: 2010013026
  • Additional Parcels: No
  • Lot Features: FloodZone, City Lot, Near Public Transit
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • Land Lease Expiration Date: 2022-05-31

Rental Info

  • Furnished: Negotiable
  • Pets Allowed: No
  • Minimum Lease: 8-12 Months
  • Approval Process: Tenant approval required by Condo Association.
  • Num Timesper Year: 1
  • Lease Restrictions Y N: Yes
  • Month To Month Or Weekly Y N: No
  • Additional Lease Restrictions: Two year ownership required prior to leasing.

Tax Info

  • Tax Annual Amount: 8401
  • Tax Book Number: 1047-2068
  • Tax Lot: 5C

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2021
Closed on
Dec 15, 2021
Sold by
Cozzi Angela
Bought by
Durso Michael and Obrien Mary
Seller's Agent
Ingrid Walker
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Ingrid Walker
MICHAEL SAUNDERS & COMPANY
List Price
$955,000
Sold Price
$920,000
Premium/Discount to List
-$35,000
-3.66%
Current Estimated Value
$1,180,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,915
Avg. Annual Appreciation
7.63%

Purchase Details

Closed on
Jan 19, 2007
Sold by
Galli A Margaret
Bought by
Cozzi Angela

Purchase Details

Closed on
Mar 4, 1998
Sold by
Fl W Coast Symphony Inc
Bought by
Galli A Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.95%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Durso Michael $920,000 Attorney
Cozzi Angela $505,000 Attorney
Galli A Margaret $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cozzi Angela $475,000
Previous Owner Galli A Margaret $25,000
Previous Owner Galli A Margaret $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2021 12/15/21 Sold $920,000 -3.7% $530 / Sq Ft
09/28/2021 09/28/21 Pending -- -- --
08/25/2021 08/25/21 For Sale $955,000 0.0% $550 / Sq Ft
08/17/2018 08/17/18 Off Market $3,500 -- --
01/28/2015 01/28/15 Rented $3,500 0.0% --
12/29/2014 12/29/14 Under Contract -- -- --
09/12/2014 09/12/14 For Rent $3,500 -- --
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $12,660 $842,400 -- $842,400
2023 $12,660 $837,200 $0 $837,200
2022 $11,613 $762,200 $0 $762,200
2021 $8,178 $510,900 $0 $510,900
2020 $8,401 $511,700 $0 $511,700
2019 $8,504 $534,700 $0 $534,700
2018 $7,776 $486,100 $0 $486,100
2017 $7,481 $419,700 $0 $0
2016 $7,020 $447,000 $0 $447,000
2015 $6,630 $415,900 $0 $415,900
2014 $5,838 $286,660 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ingrid Walker

    Seller's Agent in 2021

    Ingrid Walker

    Michael Saunders

    (941) 330-4680

    11 in this area

    48 Total Sales

    Ingrid Walker
    Section Image
  • Candy Swick

    Seller's Agent in 2015

    Candy Swick

    CANDY SWICK & COMPANY

    (941) 256-2747

    33 in this area

    281 Total Sales

    Candy Swick
    Section Image
  • Cecile Lansiquot

    Buyer's Agent in 2015

    Cecile Lansiquot

    FLORIDA PROS SOLEIL REALTY LLC

    (941) 302-2225

    25 Total Sales

    Cecile Lansiquot
    Section Image
See All Agents

About Watergate One Condo

Map

Source: Stellar MLS

MLS Number: A4510488

Stellar MLS

APN: 2010-01-3026

Florida Sarasota County Sarasota 34236 Downtown Sarasota

1111 N Gulfstream Ave Unit 5C, Sarasota, FL

This home is located at 1111 N Gulfstream Ave Unit 5C, Sarasota, FL 34236 since 25 August 2021 and is currently estimated at $1,180,915, approximately $680 per square foot. This property was built in 1974. 1111 N Gulfstream Ave Unit 5C is a home located in Sarasota County with nearby schools including Alta Vista Elementary School, Booker Middle School, and Booker High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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