$1,000,000
SOLD MAR 7, 2023
2 Beds
2 Baths
1,822 Sq Ft
$1,911/mo HOA Fee

Recently Sold

$549 Per Sq Ft

93 Days on Market

Highlights

  • Valet Parking
  • Marina View
  • Heated In Ground Pool
  • Booker High School Rated A-
  • Fitness Center
  • 4-minute walk to Five Points Park

About This Home

As of March 2023

Elevate your luxury lifestyle in this beautifully renovated and spacious condominium, in coveted Bay Plaza. This 2nd floor residence enjoys peekaboo views of Sarasota Bay, the marina, and downtown. Coastal contemporary, interior design is harmonious with living on the bayfront and in keeping with the timeless design of the building designed by Tim Siebert and built in 1982. Interior updates include walls with lighted insets and shiplap, updated kitchen with fingerprint resistant appliances, granite counters and designer backsplash, shaker cabinetry, updated LED lighting and ceiling fans throughout, walk in closets and generous storage with custom built-ins, owner's ensuite bath includes a large soaking tub and separate shower/water closet, a floating vanity with double sinks and lighted mirror, two walk in closets and linen closet. The large guest suite has access to the main terrace, walk in closet, and guest bath with shower. Two private terraces in the treetops offer a respite from conventional city living. In unit laundry. Pet friendly. Residents enjoy 5-star services, amenities, and security, including a full-service concierge (with call button), 24-hour valet parking (with call button), on-site management and maintenance, seasonal storage, bike storage, large lobby with grand piano, well-equipped fitness center, locker rooms with sauna and steam, lap pool and hot tub, EV charging stations, media room, party room, catering kitchen, card room, and board room. Located on upscale Palm Avenue, in the heart of the city, and just steps from countless restaurants, parks, shopping, entertainment and recreational options including walking the Ringling Bridge, Bayfront Yoga, or take the Bay Runner Trolley to walk Lido Beach and shop/dine at St. Armands. It is impossible to ever get bored here! The building is undergoing an elevator and window improvement project that will replace all windows to impact rated. Bay Plaza is impeccably maintained, and the association is well run. Indulge yourself with the lifestyle afforded to the lucky few who get to call Bay Plaza in downtown Sarasota home!

Last Agent to Sell the Property

Joanna Benante

MICHAEL SAUNDERS & COMPANY License #3194005 Listed on: 10/31/2022

MICHAEL SAUNDERS & COMPANY

Co-Listed By

Ann Martin

MICHAEL SAUNDERS & COMPANY License #0188503

Last Buyer's Agent

Deborah Beacham

MICHAEL SAUNDERS & COMPANY License #3054769

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,858

Year Built

  • Built in 1982

HOA Fees

  • $1,911 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Portico
  • Secured Garage or Parking
  • On-Street Parking
  • Reserved Parking
  • Assigned Parking

Property Views

  • Woods

Home Design

  • Concrete Roof
  • Block Exterior
  • Pile Dwellings

Interior Spaces

  • 1,822 Sq Ft Home
  • Open Floorplan
  • Shelving
  • Coffered Ceiling
  • High Ceiling
  • Ceiling Fan
  • Shutters
  • Sliding Doors
  • Combination Dining and Living Room
  • Laundry closet

Kitchen

  • Breakfast Bar
  • Convection Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Trash Compactor

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

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

Home Security

Outdoor Features

  • Heated In Ground Pool
  • Exterior Lighting

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Wheelchair Access
  • Southwest Facing Home

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-Hour Guard, cable TV, common area taxes, pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, management, pest control, security, sewer, trash, water
  • Bay Plaza Homeowner's Association, Phone Number (941) 365-2448
  • Visit Association Website
  • Bay Plaza Community
  • Bay Plaza Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to no truck, recreational vehicles, or motorcycle parking
  • Community features wheelchair access
  • 15-Story Property

Amenities

  • Valet Parking
  • Elevator
  • Community Storage Space

Recreation

  • Recreation Facilities
  • Community Spa
  • Park

Pet Policy

  • Pets up to 25 lbs
  • Pet Size Limit
  • 2 Pets Allowed
  • Breed Restrictions

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,858

Year Built

Built in 1982

Lot Details

0

HOA Fees

$1,911 per month

Parking

2

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Cable TV, Common Area Taxes, Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Pool, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1822
  • New Construction: No
  • Year Built: 1982
  • Directions to Property: Parking available on Gulfstream, stairs up to the lobby. Agent will meet you in lobby and show amenities first, if you prefer.
  • Status: Sold
  • Street Direction: N
  • Co List Office Mls Id: MFR281502392
  • Co List Office Phone: 941-388-4447
  • Ownership: Condominium
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 2
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 1-2 Years
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 548.85
  • Unit Number YN: 0
  • Water Access YN: 0
  • Condo Fees Term: Quarterly
  • Amenities Additional Fees: included additional amenities :24 hours concierge & valet services
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Vinyl
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Coffered Ceiling(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Walk-In Closet(s)
  • Appliances Included: Convection Oven, Cooktop, Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator, Trash Compactor
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 15
  • Window Features: Shutters
  • Street Number Modifier: 1255
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 169.27
  • Room Count: 7

Exterior Features

  • Direction Faces: Southwest
  • Pool Features: Heated, In Ground
  • Exterior Features: Balcony, Hurricane Shutters, Lighting, Other, Sliding Doors
  • Roof: Concrete
  • Pool Private: No
  • View: Trees/Woods
  • Water Body Name: SARASOTA BAY
  • Waterfront: No
  • Road Surface Type: Asphalt, Paved
  • Disclosures: Condominium Disclosure Available, None
  • Water Extras YN: 0
  • Water View: Bay/Harbor - Partial,Marina
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2016-11-04
  • Flood Zone Panel: 12115C0133F

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Assigned, Electric Vehicle Charging Station(s), Guest, On Street, Portico, Reserved, Valet

Utilities

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

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Fitness Center, No Truck/RV/Motorcycle Parking, Park, Pool, Wheelchair Access
  • Association Amenities: Cable TV, Elevator(s), Fitness Center, Other, Pool, Recreation Facilities, Sauna, Security, Spa/Hot Tub, Storage, Wheelchair Access
  • Association Fee Frequency: Quarterly
  • Association Name: Bay Plaza Homeowner's Association
  • Phone: (941) 365-2448
  • Association: Yes
  • Security: Fire Alarm, Secured Garage / Parking, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: Pet Limits as followed per Association DCCR: 1- One dog limit of 25 lbs 2- Two cats 3- Domestic birds
  • Association Fee Requirement: Required
  • Building Name Number: BAY PLAZA / 1255
  • Condo Fees: 5734
  • Condo Land Included YN: 0
  • Max Pet Weight: 25
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: concierge@bayplaza.net
  • Monthly Condo Fee Amount: 1911
  • Pet Size: Small (16-35 Lbs.)
  • Association URL: www.bayplaza.net

Fee Information

  • Total Annual Fees: 22936.00
  • Total Monthly Fees: 1911.33
  • Monthly HOA Amount: 0.00

Schools

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

Lot Info

  • Zoning: DTB
  • Parcel Number: 2027053013
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Homestead YN: 1

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Breed Restrictions, Number Limit, Size Limit, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: One year lease

Tax Info

  • Tax Annual Amount: 9858
  • Tax Book Number: 20-5
  • Tax Lot: 2D

Multi Family

  • Approval Process: Board and HOA approval required for lease and purchase.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2022
Closed on
Mar 7, 2023
Sold by
Schmeits Hans and Schmeits Kimberly
Bought by
Bartner Robert G and Bartner Beverly M
Seller's Agent
Joanna Benante
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Deborah Beacham
MICHAEL SAUNDERS & COMPANY
List Price
$1,000,000
Sold Price
$1,000,000
Views
51
Current Estimated Value
$1,215,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,104
Avg. Annual Appreciation
7.76%

Purchase Details

Listed on
Aug 27, 2019
Closed on
May 4, 2021
Sold by
Reece Darrel J
Bought by
Schmits Hans and Schmeits Kimberly
Seller's Agent
H. John Yilmaz
PREMIER PROPERTIES OF SRQ LLC
Buyer's Agent
Joanna Benante
MICHAEL SAUNDERS & COMPANY
List Price
$774,900
Sold Price
$675,000
Premium/Discount to List
-$99,900
-12.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.81%

Purchase Details

Closed on
Sep 22, 2020
Sold by
Reece John
Bought by
Reece Darrel J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
2.9%
Mortgage Type
Balloon

Purchase Details

Listed on
Feb 12, 2018
Closed on
Aug 17, 2018
Sold by
Wilmington Savings Fund Society
Bought by
Reece Darrel and Reece John
Seller's Agent
Ronald Stafford
ALL FLORIDA PROPERTY GROUP,INC
Buyer's Agent
H. John Yilmaz
PREMIER PROPERTIES OF SRQ LLC
List Price
$594,900
Sold Price
$504,750
Premium/Discount to List
-$90,150
-15.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.20%

Purchase Details

Closed on
Sep 1, 2016
Bought by
Bodden David P

Purchase Details

Closed on
Aug 25, 2002
Sold by
Pulli Micheline K
Bought by
Pulli Micheline K

Purchase Details

Closed on
Oct 12, 2001
Sold by
Pulli Micheline K
Bought by
Pulli Micheline K

Purchase Details

Closed on
Jun 26, 1999
Sold by
Booth Joseph F and Booth Maxine R
Bought by
Pulli Micheline K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.13%

Purchase Details

Closed on
Jan 16, 1997
Sold by
Moody Frank E
Bought by
Booth Joseph F and Booth Maxine R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.43%
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 Type Sale Price Title Company
Warranty Deed $1,000,000 Msc Title
Warranty Deed $675,000 Attorney
Interfamily Deed Transfer -- None Available
Special Warranty Deed $504,800 Dependable Title Svcs
Deed -- --
Quit Claim Deed -- --
Warranty Deed -- --
Warranty Deed $225,000 --
Warranty Deed $185,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $350,000 Balloon
Previous Owner $560,000 Unknown
Previous Owner $525,000 Unknown
Previous Owner $125,000 No Value Available
Previous Owner $75,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2023 03/07/23 Sold $1,000,000 0.0% $549 / Sq Ft
02/02/2023 02/02/23 Pending -- -- --
10/31/2022 10/31/22 For Sale $1,000,000 +48.1% $549 / Sq Ft
05/04/2021 05/04/21 Sold $675,000 -10.0% $370 / Sq Ft
04/07/2021 04/07/21 Pending -- -- --
12/14/2020 12/14/20 Price Changed $750,000 -3.2% $412 / Sq Ft
10/01/2020 10/01/20 For Sale $774,900 +14.8% $425 / Sq Ft
09/02/2020 09/02/20 Off Market $675,000 -- --
07/06/2020 07/06/20 Price Changed $774,900 -0.5% $425 / Sq Ft
04/13/2020 04/13/20 Price Changed $779,000 -4.9% $428 / Sq Ft
04/10/2020 04/10/20 For Sale $819,000 0.0% $450 / Sq Ft
02/25/2020 02/25/20 Pending -- -- --
01/21/2020 01/21/20 Price Changed $819,000 -3.5% $450 / Sq Ft
12/14/2019 12/14/19 Price Changed $849,000 -4.1% $466 / Sq Ft
08/27/2019 08/27/19 For Sale $885,000 +75.3% $486 / Sq Ft
08/17/2018 08/17/18 Sold $504,750 -3.8% $277 / Sq Ft
07/27/2018 07/27/18 Pending -- -- --
06/25/2018 06/25/18 Price Changed $524,900 -2.8% $288 / Sq Ft
05/24/2018 05/24/18 Price Changed $539,900 -3.6% $296 / Sq Ft
04/27/2018 04/27/18 Price Changed $559,900 -2.6% $307 / Sq Ft
03/15/2018 03/15/18 Price Changed $574,900 -3.4% $316 / Sq Ft
02/12/2018 02/12/18 For Sale $594,900 -- $327 / 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 $7,537 $799,600 -- $799,600
2023 $7,537 $528,294 $0 $0
2022 $7,326 $512,907 $0 $0
2021 $9,858 $618,800 $0 $618,800
2020 $9,612 $587,300 $0 $587,300
2019 $9,574 $586,500 $0 $586,500
2018 $10,873 $666,200 $0 $666,200
2017 $10,976 $666,200 $0 $666,200
2016 $10,963 $651,400 $0 $651,400
2015 $5,315 $597,000 $0 $597,000
2014 $5,306 $331,061 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4550377

Stellar MLS

APN: 2027-05-3013