NOT LISTED FOR SALE

Bay Plaza 1255 N Gulfstream Ave Unit 1407 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $968,000 - $1,255,000

2 Beds
2 Baths
1,629 Sq Ft
$2,660/mo HOA Fee

Last Sold March 22, 2024

Last sale price $1,000,000 $614 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $10,122/month

176 Days on Market

Highlights

  • Valet Parking
  • White Water Ocean Views
  • Heated In Ground Pool
  • Booker High School Rated A-
  • Fitness Center
  • 4-minute walk to Five Points Park

About This Home

As of March 2024

One or more photo(s) has been virtually staged. HUGE PRICE REDUCTION, SPECTACULAR VIEWS AND THE ULTIMATE LOCATION…it doesn't get better than this. Located on the enviable 14th floor, the panoramic water views to the south and Big Pass, over the marina and continuing north over the Ringling Causeway are astounding! There will never be a building that can block this breath-taking view. An added bonus is the front row to enjoy the ever-changing bridge lighting at night and seeing fabulous fireworks and the holiday boat parade. In the heart of downtown, Bay Plaza is conveniently located close to the many restaurants and shops on Main Street and Palm Avenue, the theatre, library, Opera House, weekly farmers market and the many music festivals. For the boater, the marina just across the street offers convenient dockage. The unit is a split floor plan ensuring privacy for both owners and guests. There is a lovely balcony off the great room which can also be accessed from the second bedroom. The primary bedroom is large with access to its own balcony, has a walk-in closet and bath with dual sinks, tub and shower. The second bedroom has a handy built-in Murphy bed with shelving when not in use. The unit has hurricane shutters but is in its original condition so bring your ideas and create the perfect condo you desire. Bay Plaza's contemporary architecture is iconic to our downtown skyline and has stood the test of time. This is a pet-friendly building, and the owners enjoy a full-service building with a 24/7 concierge, no-fee valet parking and a full-time manager. The building is well-run and the staff friendly. Amenities include a heated pool and spa, steam room, sauna, fitness/workout room, library, club room and elegant lobby.

Last Agent to Sell the Property

Janis Collier

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-951-6660 License #0481205 Listed on: 09/06/2023

MICHAEL SAUNDERS & COMPANY

Co-Listed By

Ron Collier

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-951-6660 License #3202960

Last Buyer's Agent

Janet Coughlin

COLDWELL BANKER REALTY License #3332950

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,765

Year Built

  • Built in 1982

Lot Details

  • 1.54

HOA Fees

  • $2,660 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Portico
  • Ground Level Parking
  • Side Facing Garage
  • Secured Garage or Parking
  • Reserved Parking
  • Assigned Parking

Property Views

  • Park or Greenbelt

Home Design

  • Contemporary Architecture
  • Pillar, Post or Pier Foundation
  • Concrete Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,629 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Shutters
  • Sliding Doors
  • Combination Dining and Living Room
  • Sauna

Kitchen

  • Eat-In Kitchen
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

Pool

  • Heated In Ground Pool
  • Heated Spa

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting
  • Outdoor Storage

Schools

  • Alta Vista Elementary School
  • Booker Middle School
  • Booker High School

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Additional Features

  • East Facing Home
  • Flood Zone Lot

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, pool, escrow reserves fund, fidelity bond, insurance, maintenance structure, ground maintenance, management, pest control, recreational facilities, security, sewer, trash, water
  • Bob Malan Association, Phone Number (941) 365-2448
  • Visit Association Website
  • High-Rise Condominium
  • Bay Plaza Community
  • Bay Plaza Subdivision
  • Association Owns Recreation Facilities
  • 15-Story Property

Amenities

  • Valet Parking
  • Elevator
  • Community Storage Space

Recreation

  • Community Spa

Pet Policy

  • Pets up to 25 lbs
  • Pet Size Limit
  • 5 Pets Allowed

Security

  • Security Service
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,765

Year Built

Built in 1982

Lot Details

0

HOA Fees

$2,660 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1629
  • New Construction: No
  • Year Built: 1982
  • Building Area Total: 1829
  • Directions to Property: On N. Palm Avenue, entrance across from Palm Avenue garage. Valet will park car or if space is available, park in designated area and give keys to valet.
  • Status: Sold
  • Street Direction: N
  • Co List Office Mls Id: MFR281504998
  • Co List Office Phone: 941-951-6660
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 14
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 1-2 Years
  • Number Of Pets: 5
  • RATIO Current Price By Calculate: 613.87
  • Unit Number YN: 0
  • Water Access YN: 0
  • Condo Fees Term: Monthly
  • Planned Unit Development Yn: 0
  • Property Description: High Rise
  • Attribution Contact: 941-951-6660
  • Tax Year: 2022
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Marble
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Pillar/Post/Pier
  • Total Bedrooms: 2
  • Levels: One
  • Spa Features: Heated
  • Spa Yn: No
  • Stories: 15
  • Window Features: Shutters
  • Street Number Modifier: 1255
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 151.34
  • Room Count: 10

Exterior Features

  • Direction Faces: East
  • Pool Features: Heated, In Ground
  • Exterior Features: Balcony, Hurricane Shutters, Lighting, Sauna, Sliding Doors, Storage
  • Roof: Concrete
  • Home Warranty: No
  • Pool Private: No
  • View: Park/Greenbelt, Water
  • Water Body Name: SARASOTA BAY & GULF OF MEXICO
  • Waterfront: No
  • Patio and Porch Features: Covered
  • Road Surface Type: Concrete
  • Disclosures: Condominium Disclosure Available, Other Disclosures
  • Water Extras YN: 0
  • Water View: Bay/Harbor - Full,Gulf/Ocean - Partial,Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2016-11-04
  • Flood Zone Panel: 12115C01333F

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Assigned, Covered, Electric Vehicle Charging Station(s), Garage Faces Side, Ground Level, Portico, Reserved, Valet

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Fitness Center, Pool, Sidewalks
  • Association Amenities: Cable TV, Elevator(s), Fitness Center, Pool, Sauna, Security, Spa/Hot Tub, Storage
  • Association Name: Bob Malan
  • Phone: 941-365-2448
  • Association: No
  • Security: Fire Alarm, Fire Sprinkler System, Secured Garage / Parking, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: See Rules & Regulations and Declaration of Condominium for more details. 1 dog, 2 cats, 2 small domesticated birds.
  • Building Name Number: BAY PLAZA
  • Condo Fees: 2660
  • Condo Land Included YN: 0
  • Max Pet Weight: 25
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: pm@bayplaza.net
  • Monthly Condo Fee Amount: 2660
  • Pet Size: Small (16-35 Lbs.)
  • Association URL: www.bayplaza.net
  • Management: Full Time

Fee Information

  • Total Annual Fees: 31920.00
  • Total Monthly Fees: 2660.00

Schools

  • Elementary School: Alta Vista Elementary
  • High School: Booker High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: DTB
  • Parcel Number: 2027053104
  • Additional Parcels: No
  • Lot Features: FloodZone, City Limits
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 0
  • Zoning Compatible YN: 1

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Number Limit, Size Limit, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: See Rules & Regulations and Declaration of Condominium for more details.

Tax Info

  • Tax Annual Amount: 8765.02
  • Tax Book Number: 20-5
  • Tax Lot: 0

Multi Family

  • Approval Process: Yes. See Rules & Regulations and Declaration of Condominium fo rmore details.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2023
Closed on
Mar 22, 2024
Sold by
Arlene L Glassover Revocable Trust and Gordon Cheryl L
Bought by
Glenn F Morelli Living Trust and Morelli
Seller's Agent
Janis Collier
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Janet Coughlin
COLDWELL BANKER REALTY
List Price
$1,399,000
Sold Price
$1,000,000
Premium/Discount to List
-$399,000
-28.52%
Views
79
Current Estimated Value
$1,133,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,478
Avg. Annual Appreciation
9.38%

Purchase Details

Listed on
Jun 24, 2014
Closed on
Dec 17, 2014
Sold by
Kraus Galina
Bought by
Glassover Arlene L
Seller's Agent
Candy Swick
CANDY SWICK & COMPANY
Buyer's Agent
Candy Swick
CANDY SWICK & COMPANY
List Price
$850,000
Sold Price
$815,000
Premium/Discount to List
-$35,000
-4.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.23%

Purchase Details

Closed on
Jul 25, 2008
Sold by
Adelman Cheryl and Adelman Michael David
Bought by
Kraus Galina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2002
Sold by
Adelman Michael David and Adelman Cheryl
Bought by
Adelman Cheryl

Purchase Details

Closed on
Nov 14, 2000
Sold by
Varga Gay K
Bought by
Adelman Michael David and Adelman Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.83%
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
Glenn F Morelli Living Trust $1,000,000 None Listed On Document
Glassover Arlene L $815,000 Attorney
Kraus Galina $630,000 Horizon Title
Adelman Cheryl $74,000 --
Adelman Michael David $406,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kraus Galina $417,000
Previous Owner Adelman Michael D $100,000
Previous Owner Adelman Michael David $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2024 03/22/24 Sold $1,000,000 -9.1% $614 / Sq Ft
03/01/2024 03/01/24 Pending -- -- --
02/27/2024 02/27/24 Price Changed $1,100,000 -12.0% $675 / Sq Ft
02/10/2024 02/10/24 Price Changed $1,250,000 -7.3% $767 / Sq Ft
12/08/2023 12/08/23 Price Changed $1,349,000 -3.6% $828 / Sq Ft
09/06/2023 09/06/23 For Sale $1,399,000 +71.7% $859 / Sq Ft
08/17/2018 08/17/18 Off Market $815,000 -- --
12/19/2014 12/19/14 Sold $815,000 0.0% $487 / Sq Ft
09/12/2014 09/12/14 Off Market $815,000 -- --
06/24/2014 06/24/14 For Sale $850,000 -- $508 / 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 $15,437 $1,074,800 -- $1,074,800
2023 $15,437 $1,027,800 $0 $1,027,800
2022 $8,765 $612,364 $0 $0
2021 $8,837 $594,528 $0 $0
2020 $8,937 $586,320 $0 $0
2019 $8,704 $573,138 $0 $0
2018 $8,560 $562,451 $0 $0
2017 $8,459 $550,882 $0 $0
2016 $8,458 $584,600 $0 $584,600
2015 $8,585 $535,800 $0 $535,800
2014 $6,211 $385,169 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Janis Collier

    Seller's Agent in 2024

    Janis Collier

    Michael Saunders

    (941) 313-1212

    11 in this area

    48 Total Sales

    Janis Collier
    Section Image

  • R

    Seller Co-Listing Agent in 2024

    Ron Collier

    Michael Saunders

    (941) 321-9045

    6 in this area

    23 Total Sales

    Ron Collier
    Section Image
  • Janet Coughlin

    Buyer's Agent in 2024

    Janet Coughlin

    COLDWELL BANKER REALTY

    (941) 323-3736

    48 in this area

    113 Total Sales

    Janet Coughlin
    Section Image
  • Candy Swick

    Seller's Agent in 2014

    Candy Swick

    CANDY SWICK & COMPANY

    (941) 256-2747

    31 in this area

    269 Total Sales

    Candy Swick
    Section Image
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About Bay Plaza

Map

Source: Stellar MLS

MLS Number: A4581770

Stellar MLS

APN: 2027-05-3104

Florida Sarasota County Sarasota 34236 Downtown Sarasota

1255 N Gulfstream Ave Unit 1407, Sarasota, FL

This home is located at 1255 N Gulfstream Ave Unit 1407, Sarasota, FL 34236 since 06 September 2023 and is currently estimated at $1,133,478, approximately $695 per square foot. This property was built in 1982. 1255 N Gulfstream Ave Unit 1407 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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