NOT LISTED FOR SALE

401 Quay Common Unit 1405 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $6,316,281 - $7,104,000

3 Beds
3.5 Baths
3,789 Sq Ft
$3,148/mo HOA Fee

Last Sold September 09, 2022

Last sale price $6,100,000 $1,610 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $44,951/month

86 Days on Market

Highlights

  • 900 Feet of Waterfront
  • Marina View
  • Property is near a marina
  • Booker High School Rated A-
  • Fitness Center
  • 5-minute walk to J.D. Hamel Park

About This Home

As of September 2022

Experience luxurious living at The Ritz-Carlton Residence, Sarasota. A magnificent 3,798 sq. 14th floor condominium, built in 2021, features designer upgrades: fully electric Hunter Douglas shades throughout, a Lutron smart home automation system, custom wood floors, steam fireplaces, a lighted Crystalo kitchen island, custom fans, and so much more. The never-occupied residence boasts a large open floor plan, deep balconies offering panoramic water views, a private one-car garage, and additional open space under the building with a private storage room. The main level features a 70-foot lap/fitness pool and a second resort-style pool. The Ritz-Carlton is renowned for providing residents with elite amenities, world-class valet, and concierge service.

Last Agent to Sell the Property

Perry Corneau

COMPASS FLORIDA LLC License #0547788 Listed on: 05/18/2022

COMPASS FLORIDA LLC

Last Buyer's Agent

Joan Dickinson

MICHAEL SAUNDERS & COMPANY License #0452590

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,751

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 900 Feet of Waterfront
  • Property fronts an intracoastal waterway
  • Property Fronts a Bay or Harbor
  • End Unit
  • East Facing Home
  • Street paved with bricks
  • Condo Land Included

HOA Fees

  • $3,148 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Common or Shared Parking
  • Circular Driveway
  • Secured Garage or Parking
  • Guest Parking

Property Views

  • Marina
  • City
  • Park or Greenbelt

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Concrete Roof
  • Concrete Siding

Interior Spaces

  • 3,789 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Bar Fridge
  • High Ceiling
  • Ceiling Fan
  • Shades
  • Sliding Doors
  • Great Room
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Den
  • Inside Utility
  • Closed Circuit Camera

Kitchen

  • Built-In Convection Oven
  • Cooktop with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Porcelain Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated Spa
  • Heated Pool

Outdoor Features

  • Property is near a marina
  • Balcony
  • Covered Patio or Porch
  • Outdoor Kitchen
  • Outdoor Storage
  • Outdoor Grill

Location

  • City Lot

Utilities

  • Zoned Heating and Cooling System
  • Electric Water Heater
  • Private Sewer
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, escrow reserves fund, fidelity bond, gas, insurance, maintenance structure, ground maintenance, manager, pest control, pool maintenance, recreational facilities, security
  • Ritz Carlton Association
  • High-Rise Condominium
  • The Residences Community
  • Block 6 Condominium Subdivision
  • Rental Restrictions

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • 2 Pets Allowed
  • Breed Restrictions
  • Large pets allowed

Security

  • Card or Code Access
  • Fire and Smoke Detector
  • Fire Sprinkler System

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,751

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$3,148 per month

Parking

2

Listing Details

  • HOA Fee Includes: Community Pool, Escrow Reserves Fund, Fidelity Bond, Gas, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Security
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Construction Materials: Concrete
  • Fireplace: Yes
  • Living Area: 3789
  • New Construction: Yes
  • Year Built: 2021
  • Building Area Total: 4400
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4535540?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4535540?w=Customer
  • Floor Number: 14
  • Homestead Y N: No
  • Number Of Pets: 2
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Property Description: Corner Unit, End Unit, High Rise
  • Ratio: Close Price\List Price: 0.93846
  • Price per Sq Ft: 1609.92
  • Close to Original List Price Ratio: 0.88406
  • Ratio: Current Price\Building Area Total: 1386.36
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: Builder
  • Tax Year: 2021
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Porcelain Tile, Hardwood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Built in Features, Ceiling Fans(s), Central Vaccum, Elevator, High Ceiling(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Other, Solid Surface Counters, Stone Counters, Walk-In Closet(s), Wet Bar, Window Treatments
  • Appliances Included: Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: Heated
  • Spa Yn: Yes
  • Stories: 1
  • Window Features: Shades, Window Treatments
  • Room Count: 7
  • Additional Rooms: Den/Library/Office, Family Room, Great Room, Inside Utility
  • ResoLivingAreaSource: Builder

Exterior Features

  • Direction Faces: East
  • Other Structures: Outdoor Kitchen
  • Pool Features: Heated, Other
  • Exterior Features: Balcony, Outdoor Grill, Sliding Doors, Storage
  • Roof: Concrete
  • Pool Private: No
  • View: City, Park, Water
  • Water Body Name: Sarasota Bay
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Patio
  • Road Surface Type: Street Brick
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Waterfront Frontage: 900
  • Water Frontage Feet I C W: 300
  • Water Frontage Feet Marina: 300
  • Water Frontage Feet Bay Harbor: 300
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Assigned, Circular Driveway, Common, Covered, Guest, Other, Under Building
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Fitness, Pool, Waterfront
  • Association Fee Frequency: Quarterly
  • Association Name: Ritz-Carlton
  • Association: Yes
  • Security: Closed Circuit Camera(s), Fire Sprinkler System, Key Card Entry, Secured Garage/Parking, Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 9444
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: Yes
  • Monthly Condo Fee Amount: 3148
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 37776
  • Total Monthly Fees: 3148

Lot Info

  • Zoning: DTB
  • Parcel Number: 2009162054
  • Additional Parcels: No
  • Lot Features: City Lot, Near Marina, Sidewalk
  • Property Attached Yn: No
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-04-01
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Breed Restrictions
  • Pet Size: Large (61-100 Lbs.)
  • Minimum Lease: 6 Months
  • Num Timesper Year: 1
  • Pet Restrictions: Two large dogs allowed.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: One lease per year with a minimum of six months allowed.

Tax Info

  • Tax Annual Amount: 3750.6
  • Tax Block: 6
  • Tax Lot: 1405

Multi Family

  • Waterfront Features: Bay/Harbor, Intracoastal Waterway, Marina

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2023
Sold by
Charles T Premone Revocable Trust
Bought by
Pamela J Keller Trust and Keller
Current Estimated Value
$6,603,070

Purchase Details

Listed on
May 18, 2022
Closed on
Sep 8, 2022
Sold by
Stark William R and Stark Catherine
Bought by
Charles T Premone Revocable Trust
Seller's Agent
Perry Corneau
COMPASS FLORIDA LLC
Buyer's Agent
Joan Dickinson
MICHAEL SAUNDERS & COMPANY
List Price
$6,500,000
Sold Price
$6,100,000
Premium/Discount to List
-$400,000
-6.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.48%
Original Mortgage
$1,500,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2021
Sold by
New Grande Residences Lp
Bought by
Stark William R and Stark Catherine
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
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
Pamela J Keller Trust $7,530,000 None Listed On Document
Charles T Premone Revocable Trust $6,100,000 --
Stark William R $4,212,600 K Title Company Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Charles T Premone Revocable Trust $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2022 09/09/22 Sold $6,100,000 -6.2% $1,610 / Sq Ft
08/13/2022 08/13/22 Pending -- -- --
08/12/2022 08/12/22 For Sale $6,500,000 0.0% $1,715 / Sq Ft
08/06/2022 08/06/22 Pending -- -- --
07/20/2022 07/20/22 Price Changed $6,500,000 -5.8% $1,715 / Sq Ft
05/18/2022 05/18/22 For Sale $6,900,000 -- $1,821 / 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
2025 $84,834 $5,374,800 -- $5,374,800
2024 $70,441 $5,841,100 -- $5,841,100
2023 $70,441 $4,780,700 $0 $4,780,700
2022 $63,490 $4,235,600 $0 $4,235,600
2021 $3,751 $240,500 $240,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Perry Corneau

    Seller's Agent in 2022

    Perry Corneau

    COMPASS FLORIDA LLC

    (941) 650-4626

    81 in this area

    86 Total Sales

    Perry Corneau
    Section Image
  • Joan Dickinson

    Buyer's Agent in 2022

    Joan Dickinson

    Michael Saunders

    (941) 914-0496

    34 in this area

    37 Total Sales

    Joan Dickinson
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4535540

Stellar MLS

APN: 2009-16-2054

Florida Sarasota County Sarasota 34236 Downtown Sarasota

401 Quay Common Unit 1405, Sarasota, FL

Not Listed for Sale

Condos

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