NOT LISTED FOR SALE

The Tower Residences 35 Watergate Dr Unit 601 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $2,603,000 - $3,680,000

3 Beds
3 Baths
3,751 Sq Ft
85,029 Sq Ft Lot

Sale Details

Date Sold: January 28, 2014

Last sale price $1,717,500 $458 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $22,060 / mo

220 Days on Market

Highlights

  • White Water Ocean Views
  • Property Fronts a Bay or Harbor
  • Open Floorplan
  • Booker High School Rated A-
  • Heated Pool
  • 5-minute walk to Causeway Park

About This Home

As of January 2014

WOW! Value is an opportunity to buy below pre-construction pricing. This sixth floor southwest corner residence, with three full bedrooms, three full baths plus a den totaling 3,751 s.f. lives like a home with the conveniences, services, and style that only living at the Ritz Carlton can offer. Enter from your private elevator lobby to find rich Brazilian Cherry wood floors that gleam from the floor to ceiling windows and doors that provide natural light, city lights, and water views from most rooms. Highlights include full marble baths, granite surfaces, Subzero and double ovens in the Kitchen that open to the breakfast area plus two terraces. Professionally furnished in neutral tones makes this an easy change of lifestyle. Amenities offer a fitnesscenter, pool and spa, social areas, theater room, storage room, 24- hour security, valet, room service and two private garage spaces. Become a Ritz Carlton owner and open up the doors to Ritz services all over the world!

Last Agent to Sell the Property

Barbara Ackerman

COLDWELL BANKER REALTY License #0264324 Listed on: 06/03/2013

COLDWELL BANKER REALTY

Last Buyer's Agent

Joan Dickinson

MICHAEL SAUNDERS & COMPANY License #0452590

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22,467

Year Built

  • Built in 2003

Lot Details

  • End Unit
  • Southwest Facing Home

HOA Fees

  • $2,244 Monthly HOA Fees

Parking

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

Property Views

Home Design

  • Slab Foundation
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,751 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Crown Molding
  • Blinds
  • Sliding Doors
  • Entrance Foyer
  • Great Room
  • Breakfast Room
  • Formal Dining Room
  • Den
  • Inside Utility
  • Attic Ventilator

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Pool

  • Heated Pool
  • Spa

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch
  • Exterior Lighting

Location

  • City Lot

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 601
  • Assessor Parcel Number 2010015013

Community Details

Overview

  • Association fees include cable TV, insurance, maintenance structure, ground maintenance, manager, recreational facilities, security, sewer, trash, water
  • Ritz Tower Management Association
  • High-Rise Community
  • Ritz Carlton Tower Residences Subdivision
  • 14-Story Property

Recreation

  • Community Pool

Pet Policy

  • Pets up to 35 lbs
  • 2 Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$22,467

Year Built

Built in 2003

Lot Details

1.95 Acres

HOA Fees

$2,244 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 3751
  • New Construction: No
  • Year Built: 2003
  • Building Area Total: 4347
  • Status: Sold
  • Floor Number: 6
  • Homestead Y N: No
  • Number Of Pets: 2
  • Total Acreage: Non-Applicable
  • Home Warranty Y N: No
  • Subdivision Num: 8275
  • Property Description: Corner Unit, High Rise
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 0.95682
  • Price per Sq Ft: 457.88
  • Close to Original List Price Ratio: 0.95682
  • Ratio: Current Price\Building Area Total: 395.1
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2013
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Marble, Hardwood
  • Full Bathrooms: 3
  • Interior Amenities: Attic Ventilator, Crown Molding, Open Floorplan, Split Bedroom, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: Yes
  • Stories: 14
  • Window Features: Blinds
  • Room Count: 7
  • Additional Rooms: Breakfast Room Separate, Den/Library/Office, Formal Dining Room Separate, Foyer, Great Room, Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Southwest
  • Pool Features: Heated
  • Exterior Features: Balcony, Lighting, Sliding Doors
  • Roof: Other
  • Pool Private: No
  • View: Water
  • Water Body Name: Sarasota Bay
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Water View: Bay/Harbor - Full, Bay/Harbor - Partial
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Assigned, Covered, Garage Door Opener, Secured, Underground
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Public, Street Lights
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Pool
  • Association Name: Ritz Tower Management
  • Association: No
  • Security: Secured Garage/Parking
  • Senior Community: No
  • Condo Fees: 6731
  • Condo Fees Term: Quarterly
  • Association Fee Requirement: None

Fee Information

  • Total Annual Fees: 26924
  • Total Monthly Fees: 2243.67

Schools

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

Lot Info

  • Zoning: DTB
  • Parcel Number: 2010015013
  • Additional Parcels: No
  • Lot Features: City Lot
  • Millage Rate: 16.74
  • Future Land Use: 0405
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 35
  • Minimum Lease: 1 Month
  • Num Timesper Year: 1
  • Expected Lease Date: 2014-01-28T05:00:00.000Z

Tax Info

  • Tax Annual Amount: 22467
  • Tax Book Number: 0036/0013
  • Tax Lot: 601

Multi Family

  • Waterfront Features: Bay/Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2013
Closed on
Jan 28, 2014
Sold by
Vrona David W and Vrona Kathleen M
Bought by
Workman Pamela M and Thomas S Mulbarger Irrevocable Trust
Seller's Agent
Barbara Ackerman
COLDWELL BANKER REALTY
Buyer's Agent
Joan Dickinson
MICHAEL SAUNDERS & COMPANY
List Price
$1,795,000
Sold Price
$1,717,500
Premium/Discount to List
-$77,500
-4.32%
Current Estimated Value
$3,174,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,457,213
Avg. Annual Appreciation
4.98%

Purchase Details

Closed on
Jun 12, 2003
Sold by
Sarasota Tower Inc
Bought by
Vrona David W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Workman Pamela M $1,717,500 Attorney
Vrona David W $1,800,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vrona David W $1,250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2014 01/28/14 Sold $1,717,500 -4.3% $458 / Sq Ft
01/10/2014 01/10/14 Pending -- -- --
06/03/2013 06/03/13 For Sale $1,795,000 -- $479 / Sq Ft
Source: Stellar MLS

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
2025 $32,632 $2,242,600 -- $2,242,600
2024 $35,090 $2,180,000 -- $2,180,000
2023 $35,090 $2,511,400 $0 $2,511,400
2022 $31,314 $2,148,700 $0 $2,148,700
2021 $29,791 $1,965,100 $0 $1,965,100
2020 $28,683 $1,905,500 $0 $1,905,500
2019 $24,522 $1,512,000 $0 $1,512,000
2018 $30,986 $1,912,800 $0 $1,912,800
2017 $33,030 $1,946,557 $0 $0
2016 $29,080 $1,764,100 $0 $1,764,100
2015 $26,760 $1,561,700 $0 $1,561,700
2014 $24,974 $1,311,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Barbara Ackerman

    Seller's Agent in 2014

    Barbara Ackerman

    COLDWELL BANKER REALTY

    (941) 387-1820

    1 Total Sale

    Barbara Ackerman
    Section Image
  • Joan Dickinson

    Buyer's Agent in 2014

    Joan Dickinson

    Michael Saunders

    (941) 914-0496

    27 in this area

    30 Total Sales

    Joan Dickinson
    Section Image
See All Agents

About The Tower Residences

Map

Source: Stellar MLS

MLS Number: A3979218

Stellar MLS

APN: 2010-01-5013

Florida Sarasota County Sarasota 34236 Downtown Sarasota

35 Watergate Dr Unit 601, Sarasota, FL

Not Listed for Sale

Condos

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Stellar MLS Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID

Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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