NOT LISTED FOR SALE

The Beach Residences at Lido Key 1300 Benjamin Franklin Dr Unit 1208 Sarasota, FL 34236

Lido Key Neighborhood

Estimated Value: $3,871,000 - $5,696,000

3 Beds
4.5 Baths
5,254 Sq Ft
$3,771/mo HOA Fee

Last Sold September 02, 2021

Last sale price $3,600,000 $685 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $34,627/month

128 Days on Market

Highlights

  • 500 Feet of Waterfront
  • White Water Ocean Views
  • Fitness Center
  • Southside Elementary School Rated A
  • Water access To Gulf or Ocean
  • Gated Community

About This Home

As of September 2021

Ritz-Carlton Beach Residences Penthouse featuring one hundred eighty degree views over Sarasota Bay. Welcome to paradise. Expansive, comfortable, gracious and rarely available this easy to love home provides all the necessary amenities for a relaxed lifestyle. Gourmet kitchen, grilling on the balcony, dual office space (a bayview library and a den/office) plus a fireplace to nap by and a master suite to escape to for those quietest of moments. The best of service as only Ritz-Carlton can provide adds to the joy of living in this community, not to mention a private two car garage with a very large attached storage room. The residents amenities include resort style pool and spa with adjacent fire pit lounging area and gas grills, a private movie theatre, state-of-the-art fitness center, game room, a social room, and a massage room and sauna. The generous pet policy welcomes 2 pets with no weight limit and provides a fenced dog run. Add in 2 guest suites for visiting friends and overflow family and the 24 hour concierge and there is little else to ask for. All resident owners are eligible for membership to The Ritz-Carlton Members Club with packages to include Golf, Beach, and Spa amenities along with the on-site restaurant and bar. This residence is a must see for anyone interested in making Sarasota their home. Ready for immediate occupancy, the motivated seller should ease purchase discussions.

Last Agent to Sell the Property

Susan Fox

MICHAEL SAUNDERS & COMPANY License #0171438 Listed on: 03/02/2021

MICHAEL SAUNDERS & COMPANY

Co-Listed By

Jonathan Fox

MICHAEL SAUNDERS & COMPANY License #0375460

Last Buyer's Agent

Miriam Pearson

COLDWELL BANKER REALTY License #3272300

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $62,104

Year Built

  • Built in 2005

Lot Details

  • 500 Feet of Waterfront
  • Property fronts gulf or ocean
  • West Facing Home
  • Dog Run
  • Fenced
  • Irrigation
  • Landscaped with Trees

HOA Fees

  • $3,771 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Garage Door Opener
  • Secured Garage or Parking
  • Parking Garage Space
  • Open Parking

Property Views

Home Design

  • Slab Foundation
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 5,254 Sq Ft Home
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Bar Fridge
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Security Gate

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Indoor Grill
  • Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Water access To Gulf or Ocean
  • Balcony
  • Outdoor Storage
  • Outdoor Grill

Schools

  • Southside Elementary School
  • Booker Middle School
  • Sarasota High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Thermostat
  • Natural Gas Connected
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-hour guard, cable TV, common area taxes, community pool, escrow reserves fund, fidelity bond, insurance, maintenance structure, ground maintenance, maintenance repairs, manager, pest control, pool maintenance, recreational facilities, security, sewer, trash, water
  • The Ritz Carlton Management Co. Scott Tocher Association, Phone Number (941) 930-2801
  • The Beach Residences Community
  • The Beach Residences Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions
  • Rental Restrictions
  • 12-Story Property

Amenities

  • Sauna
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • Pets up to 150 lbs
  • 2 Pets Allowed

Security

  • Gated Community
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$62,104

Year Built

Built in 2005

Lot Details

0

HOA Fees

$3,771 per month

Parking

2

Listing Details

  • HOA Fee Includes: 24-Hour Guard, Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Concrete, Stucco
  • Fireplace: Yes
  • Living Area: 5254
  • New Construction: No
  • Year Built: 2005
  • Building Area Total: 5968
  • Directions to Property: John Ringling Blvd to St. Armands Circle and follow signs to Lido Beach and Benjamin Franklin Drive. Proceed to 1300 Ben Franklin Drive to guard gate. Guard will direct you to where to park and one of us will meet you in the lobby.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4492990?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4492990?w=Customer
  • Floor Number: 12
  • Homestead Y N: No
  • Number Of Pets: 2
  • Unit Number Y N: No
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.92308
  • Price per Sq Ft: 685.19
  • Close to Original List Price Ratio: 0.94737
  • Ratio: Current Price\Building Area Total: 603.22
  • View: Yes
  • Co List Office Mls Id: 281502004
  • Co List Office Phone: 941-383-7591
  • Ownership: Condominium
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Gas, Living Room
  • Living Area Units: Square Feet
  • Flooring: Carpet, Marble
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Interior Amenities: Built in Features, Ceiling Fans(s), Crown Molding, Eating Space In Kitchen, High Ceiling(s), Kitchen/Family Room Combo, Master Bedroom Main Floor, Open Floorplan, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s), Wet Bar, Window Treatments
  • Appliances Included: Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Indoor Grill, Microwave, Range, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 12
  • Street Number Modifier: 1300
  • Room Count: 12

Exterior Features

  • Direction Faces: West
  • Exterior Features: Balcony, Dog Run, Fenced, Irrigation System, Outdoor Grill, Sliding Doors, Storage
  • Roof: Other
  • Pool Private: No
  • View: Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water View: Bay/Harbor - Full, Gulf/Ocean - Partial, Intracoastal Waterway
  • Water Access: Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0137F
  • Waterfront Frontage: 500
  • Water Frontage Feet Gulf Ocean: 500
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Oversized, Under Building
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Public, Sewer Connected
  • Cooling: Central Air, Zoned
  • Heating: Central, Electric, Zoned
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Deed Restrictions, Fitness, Gated Community, Pool, Waterfront
  • Association Amenities: Fitness Center, Sauna
  • Association Name: The Ritz-Carlton Management Co. Scott Tocher
  • Phone: 941-930-2801
  • Association: Yes
  • Security: Fire Sprinkler System, Gated Community, Secured Garage/Parking, Security Gate, Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 11313
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 3771
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 45252
  • Total Monthly Fees: 3771

Schools

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

Lot Info

  • Zoning: WFR
  • Parcel Number: 2017032088
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Pet Size: Extra Large (101+ Lbs.)
  • Max Pet Weight: 150
  • Minimum Lease: 1 Month
  • Approval Process: Application
  • Num Timesper Year: 3
  • Pet Restrictions: As per Association Guidelines
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: As per Association Guidelines

Tax Info

  • Tax Annual Amount: 62104
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 30, 2022
Sold by
Gruskin Michael Allen and Gruskin Laura Hope
Bought by
Gruskin Michael Allen and Gruskin Michael Allen
Current Estimated Value
$4,887,792

Purchase Details

Listed on
Mar 2, 2021
Closed on
Sep 2, 2021
Sold by
Duques Henry C and Duques Dawn B
Bought by
Gruskin Michael Allen and Gruskin Laura Hope
Seller's Agent
Susan Fox
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Miriam Pearson
COLDWELL BANKER REALTY
List Price
$3,800,000
Sold Price
$3,600,000
Premium/Discount to List
-$200,000
-5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.70%
Original Mortgage
$2,880,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2005
Sold by
The Beach Residences Llc
Bought by
Duques Henry C and Duques Dawn B
Source: Public Records

Range of Values:

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Sold Price
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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
Gruskin Michael Allen $100 None Listed On Document
Gruskin Michael Allen $3,600,000 Attorney
Duques Henry C $4,460,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gruskin Michael Allen $2,880,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2021 09/02/21 Sold $3,600,000 -7.7% $685 / Sq Ft
07/08/2021 07/08/21 Pending -- -- --
03/03/2021 03/03/21 Price Changed $3,900,000 +2.6% $742 / Sq Ft
03/02/2021 03/02/21 For Sale $3,800,000 -- $723 / 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 $59,306 $4,147,100 -- $4,147,100
2023 $59,306 $4,058,800 $0 $4,058,800
2022 $48,313 $3,199,900 $0 $3,199,900
2021 $51,722 $3,289,500 $0 $3,289,500
2020 $62,104 $3,855,000 $0 $3,855,000
2019 $68,515 $4,414,000 $0 $4,414,000
2018 $60,896 $3,776,600 $0 $3,776,600
2017 $58,510 $3,591,900 $0 $3,591,900
2016 $58,365 $3,591,900 $0 $3,591,900
2015 $54,431 $3,276,800 $0 $3,276,800
2014 $48,917 $2,894,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Susan Fox

    Seller's Agent in 2021

    Susan Fox

    Michael Saunders

    (941) 544-6648

    1 in this area

    25 Total Sales

    Susan Fox
    Section Image
  • Jonathan Fox

    Seller Co-Listing Agent in 2021

    Jonathan Fox

    Michael Saunders

    (941) 544-6649

    1 in this area

    27 Total Sales

    Jonathan Fox
    Section Image
  • Miriam Pearson

    Buyer's Agent in 2021

    Miriam Pearson

    COLDWELL BANKER REALTY

    (941) 726-4687

    2 in this area

    32 Total Sales

    Miriam Pearson
    Section Image
See All Agents

About The Beach Residences at Lido Key

Map

Source: Stellar MLS

MLS Number: A4492990

Stellar MLS

APN: 2017-03-2088

Florida Sarasota County Sarasota 34236 Lido Key

1300 Benjamin Franklin Dr Unit 1208, Sarasota, FL

This home is located at 1300 Benjamin Franklin Dr Unit 1208, Sarasota, FL 34236 since 02 March 2021 and is currently estimated at $4,887,792, approximately $930 per square foot. This property was built in 2005. 1300 Benjamin Franklin Dr Unit 1208 is a home located in Sarasota County with nearby schools including Southside Elementary School, Booker Middle School, and Sarasota School of Arts & Sciences.

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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