NOT LISTED FOR SALE

The Ritz-Carlton Residences 1111 Ritz Carlton Dr Unit 1507 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $1,997,000 - $2,758,000

2 Beds
2.5 Baths
2,393 Sq Ft
$1,515/mo HOA Fee

Last Sold March 27, 2012

Last sale price $935,000 $391 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $16,187/month

71 Days on Market

Highlights

  • 200 Feet of Waterfront
  • White Water Ocean Views
  • Fitness Center
  • Booker High School Rated A-
  • Access to Bay or Harbor
  • 0.56 Acre Lot

About This Home

As of March 2012

Ritz Carlton Residences. From the minute you step foot into your residence, your only mandate is to relax and enjoy yourself, while the 24-hour on-site Concierge handles any of your needs or wants. This original owner home is offered for the first time for sale. Corner location offers sunrise and sunset views, dramatic daytime bay views and city lights at night! It features rich, travertine marble flooring throughout, two balconies and an open and spacious, well designed floor plan. The ORIGINAL GOLD CLUB MEMBERSHIP transfers to the new owner. The Gold Club Membership private amenities include a beach club, golf, spa, fitness, social room and all Ritz Hotel services. Just below the Residences sits vibrant, downtown Sarasota on the bayfront, where casual and fine dining, theaters, museums, galleries, and world class entertainment are a mere steps away. The Residences are true luxury and the ultimate convenience wrapped into an unparalleled Sarasota lifestyle.

Last Agent to Sell the Property

Ann Martin

MICHAEL SAUNDERS & COMPANY License #0188503 Listed on: 12/12/2011

MICHAEL SAUNDERS & COMPANY

Co-Listed By

Joanna Benante

MICHAEL SAUNDERS & COMPANY License #3194005

Last Buyer's Agent

Joseph Boguszewski

COLDWELL BANKER REALTY License #0531927

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,310

Year Built

  • Built in 2001

Lot Details

  • 200 Feet of Waterfront
  • Property Fronts a Bay or Harbor

HOA Fees

  • $1,515 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Secured Garage or Parking

Home Design

  • Slab Foundation
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,393 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Great Room
  • Combination Dining and Living Room
  • Inside Utility
  • Marble Flooring

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Access to Bay or Harbor
  • Seawall

Location

  • Property is near public transit
  • City Lot

Additional Features

  • Handicap Modified
  • Central Heating and Cooling System

Listing and Financial Details

  • Homestead Exemption
  • Tax Lot 1507
  • Assessor Parcel Number 2010014038

Community Details

Overview

  • Association fees include escrow reserves fund, insurance, maintenance structure, ground maintenance, manager, security, trash
  • High-Rise Condominium
  • Ritz Carlton Residences Subdivision
  • On-Site Maintenance
  • Rental Restrictions
  • Handicap Modified Features In Community
  • 18-Story Property

Amenities

  • Elevator

Recreation

  • Tennis Courts

Pet Policy

  • Pets Allowed
  • Pets up to 40 lbs
  • 2 Pets Allowed

Security

  • Security Service
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,310

Year Built

Built in 2001

Lot Details

0

HOA Fees

$1,515 per month

Parking

1

Listing Details

  • HOA Fee Includes: Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Security, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2393
  • Lot Size Acres: 0.56
  • New Construction: No
  • Year Built: 2001
  • Accessibility Features: Handicap Modified
  • Building Area Total: 2705
  • Lot Size Sq Ft: 24184
  • Directions to Property: US 41 to Gulfstream, turn right on Sunset Drive to Ritz Carlton.
  • Status: Sold
  • Floor Number: 15+
  • Homestead Y N: Yes
  • Number Of Pets: 2
  • Total Acreage: Non-Applicable
  • Home Warranty Y N: No
  • Subdivision Num: 8237
  • Property Description: High Rise
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.9397
  • Price per Sq Ft: 390.72
  • Close to Original List Price Ratio: 0.85
  • Ratio: Current Price\Building Area Total: 345.66
  • View: Yes
  • Co List Office Mls Id: 281502392
  • Co List Office Phone: 941-388-4447
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2011
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Marble
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Disposal, Dryer, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 18
  • Street Number Modifier: 1111
  • Room Count: 5
  • Additional Rooms: Great Room, Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Balcony
  • Roof: Other
  • Pool Private: No
  • View: Water
  • Water Body Name: Sarasota Bay
  • Waterfront: Yes
  • Water View: Bay/Harbor - Full
  • Water Access: Bay/Harbor
  • Water Extras: Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 200
  • Disclosures: Condominium Disclosure Available

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Covered, Guest, Secured
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Fitness, Handicap Modified, Pool, Tennis Courts, Waterfront Complex
  • Association Amenities: Elevator(s), Fitness Center, Handicap Modified, Maintenance, Security, Tennis Court(s)
  • Association Fee: 1514.62
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Security: Secured Garage/Parking, Smoke Detector(s)
  • Condo Fees Term: Monthly
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 18175.44
  • Total Monthly Fees: 1514.62

Lot Info

  • Zoning: DTB
  • Parcel Number: 2010014038
  • Additional Parcels: No
  • Lot Features: City Lot, Near Public Transit, Sidewalk
  • Millage Rate: 16.51
  • Future Land Use: 0405
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Max Pet Weight: 40
  • Minimum Lease: 1 Month
  • Expected Lease Date: 2012-03-27T04:00:00.000Z
  • Lease Restrictions Y N: Yes

Tax Info

  • Tax Annual Amount: 16310
  • Tax Book Number: 0035/0020
  • Tax Lot: 1507

Multi Family

  • Waterfront Features: Bay/Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2013
Sold by
Peterson David
Bought by
Radder Janice P and Little Barbara E
Current Estimated Value
$2,428,936

Purchase Details

Listed on
Dec 12, 2011
Closed on
Mar 27, 2012
Sold by
Johnson Joseph H
Bought by
Saum Gregory A
Seller's Agent
Ann Martin
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Joseph Boguszewski
COLDWELL BANKER REALTY
List Price
$935,000
Sold Price
$935,000

Home Financials for this Owner

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

Purchase Details

Listed on
Dec 12, 2011
Closed on
Mar 22, 2012
Sold by
Saum Gregory A
Bought by
Peterson David
Seller's Agent
Ann Martin
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Joseph Boguszewski
COLDWELL BANKER REALTY
List Price
$935,000
Sold Price
$935,000
Source: Public Records

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
Radder Janice P -- Attorney
Saum Gregory A -- Attorney
Peterson David $935,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Gretchen $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2012 03/27/12 Sold $935,000 0.0% $391 / Sq Ft
02/22/2012 02/22/12 Pending -- -- --
12/12/2011 12/12/11 For Sale $935,000 -- $391 / Sq Ft
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 $17,256 $1,217,909 -- --
2023 $17,256 $1,182,436 $0 $0
2022 $16,835 $1,147,996 $0 $0
2021 $17,013 $1,114,559 $0 $0
2020 $17,216 $1,099,171 $0 $0
2019 $16,780 $1,074,458 $0 $0
2018 $16,512 $1,054,424 $0 $0
2017 $16,240 $1,027,514 $0 $0
2016 $16,238 $1,266,400 $0 $1,266,400
2015 $16,485 $1,123,100 $0 $1,123,100
2014 $16,472 $976,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ann Martin

    Seller's Agent in 2012

    Ann Martin

    Michael Saunders

    (941) 356-7717

    30 in this area

    167 Total Sales

    Section Image
  • Joanna Benante

    Seller Co-Listing Agent in 2012

    Joanna Benante

    Michael Saunders

    (941) 356-7718

    15 in this area

    161 Total Sales

    Section Image
  • Joseph Boguszewski

    Buyer's Agent in 2012

    Joseph Boguszewski

    COLDWELL BANKER REALTY

    (941) 552-5812

    1 in this area

    9 Total Sales

    Section Image
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About The Ritz-Carlton Residences

Map

Source: Stellar MLS

MLS Number: A3952972

Stellar MLS

APN: 2010-01-4038

Florida Sarasota County Sarasota 34236 Downtown Sarasota

1111 Ritz Carlton Dr Unit 1507, Sarasota, FL

This home is located at 1111 Ritz Carlton Dr Unit 1507, Sarasota, FL 34236 since 12 December 2011 and is currently estimated at $2,418,729, approximately $1,010 per square foot. This property was built in 2001. 1111 Ritz Carlton Dr Unit 1507 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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