$2,695,000
$505K PRICE DROP

Estimated payment $21,357/month

Total Views 11,228
3 Beds
3 Baths
2,985 Sq Ft
$903 Price per Sq Ft

Highlights

  • Property fronts an intracoastal waterway
  • Fitness Center
  • Heated In Ground Pool
  • Booker High School Rated A-
  • Property is near a marina
  • 5-minute walk to Causeway Park

About This Home

AN INVITATION TO VISIT THIS SPECTACULAR NEWLY STAGED TOWER RESIDENCE 503 - ALL WITH A NEW LOOK AND A NEW PRICE. This fabulous ownership opportunity affords the Buyer a high level of comfort with all the exemplary services and amenities of The Ritz-Carlton. Enjoy the open interior space along with the expansive terrace accessible from every room for extended relaxation and entertaining. Steps away from the culturally rich downtown Sarasota featuring the Opera, Symphony, Ballet, Theatre, Art Galleries, high-end dining, and shopping. LUXURY - SERVICE - COMFORT - CAN ALL BE YOURS!

Listing Agent

Joan Dickinson

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-951-6660 License #0452590 Listed on: 02/27/2024

MICHAEL SAUNDERS & COMPANY

Co-Listing Agent

Beth Afflebach

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-951-6660 License #0655135

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $31,603

Year Built

  • Built in 2003

Lot Details

  • West Facing Home
  • Mature Landscaping
  • Landscaped with Trees

HOA Fees

  • $4,039 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Electric Vehicle Home Charger
  • Garage Door Opener
  • Off-Street Parking
  • Deeded Parking
  • 2 Assigned Parking Spaces

Property Views

Home Design

  • Florida Architecture
  • Membrane Roofing
  • Concrete Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,985 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Built-In Desk
  • Shelving
  • Dry Bar
  • Crown Molding
  • Window Treatments
  • Sliding Doors
  • Entrance Foyer
  • Great Room
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Breakfast Room
  • Inside Utility
  • Sauna
  • Marble Flooring

Kitchen

  • Breakfast Bar
  • Built-In Convection Oven
  • Cooktop with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Private Water Closet
  • Bathtub With Separate Shower Stall
  • Shower Only
  • Built-In Shower Bench

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Chlorine Free
  • Pool Lighting

Outdoor Features

  • Property is near a marina
  • Covered Patio or Porch
  • Exterior Lighting
  • Private Mailbox

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Vented Exhaust Fan
  • Underground Utilities
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-Hour Guard, common area taxes, pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, management, pest control, recreational facilities, security, sewer, trash, water
  • Jose Carvalho Association, Phone Number (941) 309-2123
  • High-Rise Condominium
  • The Tower Residences Community
  • The Tower Residences Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to building or community restrictions
  • 17-Story Property

Amenities

  • Sauna
  • Community Storage Space
  • Elevator

Recreation

  • Recreation Facilities
  • Community Spa

Pet Policy

  • Pets up to 35 lbs
  • 2 Pets Allowed

Security

  • Security Guard
  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$31,603

Year Built

Built in 2003

Lot Details

0

HOA Fees

$4,039 per month

Parking

2

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Common Area Taxes, Pool, Escrow Reserves Fund, 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: Florida, Other
  • Construction Materials: Block, Concrete, Stucco
  • Fireplace: No
  • Living Area: 2985
  • New Construction: No
  • Year Built: 2003
  • Building Area Total: 3563
  • Directions to Property: From Sarasota Airport, take a right to US 41, Tamiami Trail to right on Gulfstream Avenue, right on Sunset Drive, immediate right onto Watergate Drive to The Tower Residence on the left side of Watergate Drive.
  • Status: Active
  • Co List Office Mls Id: MFR281504998
  • Co List Office Phone: 941-951-6660
  • Ownership: Condominium
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 5
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 3 Months
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 902.85
  • Unit Number YN: 0
  • Water Access YN: 0
  • Condo Fees Term: Quarterly
  • Planned Unit Development Yn: 0
  • Property Description: High Rise
  • AG Exemption YN: 0
  • MFR_NumAssignedParkingSpaces: 2
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 941-951-6660
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Marble
  • Full Bathrooms: 3
  • Interior Amenities: Built-in Features, Crown Molding, Dry Bar, Elevator, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Other
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: No
  • Stories: 17
  • Window Features: Window Treatments
  • Street Number Modifier: 35
  • Additional Rooms: Breakfast Room Separate,Great Room,Inside Utility
  • Living Area Meters: 277.32
  • Room Count: 12

Exterior Features

  • Direction Faces: West
  • Pool Features: Chlorine Free, Gunite, Heated, In Ground, Lighting
  • Exterior Features: Balcony, Lighting, Private Mailbox, Sauna, Sidewalk, Sliding Doors
  • Roof: Concrete, Membrane, Other
  • Home Warranty: No
  • Pool Private: No
  • View: Pool, Water
  • Water Body Name: INTRACOASTAL WATERWAY
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Other
  • Road Surface Type: Paved
  • Water Extras YN: 0
  • Water View: Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2024-02-12

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Assigned, Covered, Deeded, Electric Vehicle Charging Station(s), Garage Door Opener, Guest, Off Street, Basement

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Connected, Other, Phone Available, Public, Sewer Connected, Underground Utilities, Water Connected
  • Cooling: Central Air, Zoned
  • Heating: Central, Exhaust Fan, Zoned
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Fitness Center, Gated Community - Guard, Pool, Special Community Restrictions, Street Lights
  • Association Amenities: Elevator(s), Fitness Center, Lobby Key Required, Pool, Recreation Facilities, Sauna, Security, Spa/Hot Tub, Storage
  • Association Name: Jose Carvalho
  • Phone: 941-309-2123
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Building Name Number: THE TOWER RESIDENCES
  • Condo Fees: 12118
  • Condo Land Included YN: 0
  • Max Pet Weight: 35
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: jose.carvalho@ritzcarlton.com
  • Monthly Condo Fee Amount: 4039
  • Pet Size: Small (16-35 Lbs.)
  • Management: Full Time

Fee Information

  • Total Annual Fees: 48472.00
  • Total Monthly Fees: 4039.33

Schools

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

Lot Info

  • Zoning: DTB
  • Parcel Number: 2010015009
  • Additional Parcels: No
  • Lot Features: City Limits, Near Marina, Sidewalk, Paved
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 0
  • Zoning Compatible YN: 1

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: No pets for Tenants.

Tax Info

  • Tax Annual Amount: 31602.71
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Intracoastal Waterway
  • Approval Process: Application & Background check by Association and $150 check to Association for processing application.

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $31,603 $1,874,600 -- $1,874,600
2023 $31,603 $2,110,300 $0 $2,110,300
2022 $26,900 $1,779,900 $0 $1,779,900
2021 $26,085 $1,655,600 $0 $1,655,600
2020 $23,858 $1,606,500 $0 $1,606,500
2019 $20,162 $1,243,700 $0 $1,243,700
2018 $21,709 $1,336,900 $0 $1,336,900
2017 $28,398 $1,739,400 $0 $1,739,400
2016 $20,314 $1,451,900 $0 $1,451,900
2015 $18,369 $1,105,600 $0 $1,105,600
2014 $16,913 $844,822 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2025 03/10/25 Price Changed $2,695,000 -2.0% $903 / Sq Ft
10/22/2024 10/22/24 Price Changed $2,750,000 -7.6% $921 / Sq Ft
09/30/2024 09/30/24 For Sale $2,975,000 0.0% $997 / Sq Ft
09/27/2024 09/27/24 Off Market $2,975,000 -- --
04/22/2024 04/22/24 Price Changed $2,975,000 -7.0% $997 / Sq Ft
02/27/2024 02/27/24 For Sale $3,200,000 +12.3% $1,072 / Sq Ft
11/17/2022 11/17/22 Sold $2,850,000 0.0% $953 / Sq Ft
10/20/2022 10/20/22 Pending -- -- --
10/17/2022 10/17/22 For Sale $2,850,000 +23.9% $953 / Sq Ft
02/18/2020 02/18/20 Sold $2,300,000 -8.0% $769 / Sq Ft
01/22/2020 01/22/20 Pending -- -- --
03/13/2019 03/13/19 For Sale $2,500,000 +130.4% $836 / Sq Ft
08/15/2014 08/15/14 Sold $1,085,000 -9.2% $363 / Sq Ft
08/04/2014 08/04/14 Price Changed $1,195,000 0.0% $400 / Sq Ft
08/04/2014 08/04/14 For Sale $1,195,000 -8.0% $400 / Sq Ft
07/25/2014 07/25/14 Pending -- -- --
03/12/2014 03/12/14 For Sale $1,299,000 -- $435 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,850,000 --
Warranty Deed $2,300,000 Attorney
Warranty Deed $2,100,000 None Available
Warranty Deed $1,085,000 Attorney
Interfamily Deed Transfer -- Attorney
Source: Public Records

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Source: Stellar MLS

MLS Number: A4601273

Stellar MLS

APN: 2010-01-5009