NOT LISTED FOR SALE

401 Quay Commons Dr Unit 902 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $4,033,104 - $5,000,000

3 Beds
3.5 Baths
3,095 Sq Ft
1.9 Acres

Last Sold March 08, 2021

Last sale price $2,725,005 $880 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $28,953/month

Highlights

  • 300 Feet of Waterfront
  • White Water Ocean Views
  • Spa
  • Booker High School Rated A-
  • Fitness Center
  • 3-minute walk to Central Broadway Park

About This Home

As of April 2022

ABSOLUTELY STUNNING Ritz Carlton condo with spectacular full Sarasota Bay views available for rent. Be the first person to live in this exquisite beauty. Located in the heart of downtown Sarasota this Bay front condo is beyond expectations and a true space for enjoyment. This partially furnished three bedroom residence features bay and city views with floor to ceiling windows. The condo boasts 2,984 under air square feet, a split floor plan, large open living room/dining room/kitchen combination and marble and ceramic tile wood floors throughout. The state of the art kitchen was made to be cooked and entertained in with a oversized island, stainless appliances, breakfast bar, wine fridge and plenty of counter and cabinet space. The master bedroom has breathtaking views of the water, two large walk in closets with built in closet systems and an on suite bathroom with double sinks, stall shower and water closet. Both guest bedrooms have views of downtown Sarasota, large closets with closet systems and on suite bathrooms. The first guest bathroom has a stall shower and the second a tub/shower combination. The property has a laundry room with utility sink. The expansive lanai is made for watching sunsets and has a built in BBQ grill, two sitting areas and views aplenty. Ritz Carlton services includes a 24 hour valet, concierge, lap pool, heated pool, grand salon and fitness center. The unit comes with two parking spaces one with electric car hookups. Available for a 6.5 month lease or longer per the Ritz Carlton rental rules. The condo is partially furnished with high end Restoration Hardware pieces and rented with the furniture. The owner will add kitchen items, sheets and towels for the value of the items at the tenant cost. Ritz Carlton membership for use of the spa, fitness and beach club available at an additional fee of $532.86 per month. The Ritz Carlton Grand Residences is LOCATED IN DOWNTOWN SARASOTA WITH RESTAURANTS, SHOPS, WHOLE FOODS, THEATERS, MARINA, WATERFRONT PARK, SARASOTA OPERA, CLOSE TO ST ARMAND'S CIRCLE, LIDO KEY, LONGBOAT KEY AND MUCH MORE TO ENJOY. This will not last long so call today.

Last Agent to Rent the Property

C. Alison Hunter

JENNETTE PROPERTIES INC License #3291645 Listed on: 02/01/2022

Last Renter's Agent

C. Alison Hunter

JENNETTE PROPERTIES INC License #3291645 Listed on: 02/01/2022

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 2019

Lot Details

  • 300 Feet of Waterfront

Parking

  • 2 Car Garage
  • Secured Garage or Parking
  • Assigned Parking

Property Views

  • White Water Ocean
  • Marina

Interior Spaces

  • 3,095 Sq Ft Home
  • Open Floorplan
  • Wet Bar
  • Partially Furnished
  • High Ceiling

Kitchen

  • Built-In Oven
  • Range with Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Spa
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Outdoor Grill

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Residential Lease
  • Security Deposit $19,700
  • Property Available on 2/1/22
  • Tenant pays for cleaning fee
  • Long Term Lease
  • $75 Application Fee
  • Assessor Parcel Number 2009162031

Community Details

Overview

  • No Home Owners Association
  • Ritz Carlton Association
  • High-Rise Condominium
  • The Ritz Carlton Residences, Sarasota Subdivision

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Year Built

Built in 2019

Lot Details

0

Parking

2

Rental Info

  • Furnished: Partially
  • Lease Amount Frequency: Annually
  • Pets Allowed: No
  • Long Term Y N: Yes
  • Minimum Lease: 7 Months
  • Application Fee: 75
  • Security Deposit: 19700
  • Lease Referral Fee Comments: Tenant referral is 10% of our first leasing commission.
  • Available Date: 2022-02-01

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Fireplace: No
  • Living Area: 3095
  • Lot Size Acres: 1.9
  • New Construction: No
  • Year Built: 2019
  • Building Area Total: 3672
  • Lot Size Sq Ft: 81380
  • Owner Pays: None
  • Tenant Pays: Cleaning Fee
  • Status: Leased
  • Floor Number: 9
  • Unit Number Y N: No
  • Property Description: High Rise
  • Ratio: Close Price\List Price: 0.89744
  • Price per Sq Ft: 5.65
  • Close to Original List Price Ratio: 0.92105
  • Ratio: Current Price\Building Area Total: 4.77
  • View: Yes
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Marble, Hardwood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Elevator, High Ceiling(s), Open Floorplan, Walk-In Closet(s), Wet Bar
  • Appliances Included: Built-In Oven, Dishwasher, Dryer, Freezer, Gas Water Heater, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: Yes
  • Room Count: 5
  • Master Bed Size: Queen

Exterior Features

  • Exterior Features: Balcony, Outdoor Grill
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Road Surface Type: Asphalt
  • Water View: Bay/Harbor - Full
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Waterfront Frontage: 300
  • Water Frontage Feet Marina: 300

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Assigned
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Public, Underground Utilities
  • Cooling: Central Air
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Fitness, Pool
  • Association Name: Ritz Carlton
  • Association: No
  • Security: Fire Sprinkler System, Secured Garage/Parking, Smoke Detector(s)
  • Senior Community: No
  • Association Approval Required YN: No

Lot Info

  • Parcel Number: 2009162031

Tax Info

  • Tax Annual Amount: 3750.6

Multi Family

  • Waterfront Features: Marina

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2021
Closed on
Feb 26, 2021
Sold by
New Grande Residences Lp
Bought by
Cattani Richard C and Richard C Cattani Revocable Trust
Seller's Agent
Perry Corneau
COMPASS FLORIDA LLC
Buyer's Agent
Perry Corneau
COMPASS FLORIDA LLC
List Price
$2,750,000
Sold Price
$2,725,005
Premium/Discount to List
-$24,995
-0.91%
Current Estimated Value
$4,607,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,882,696
Avg. Annual Appreciation
11.67%
Original Mortgage
$1,907,500
Outstanding Balance
$1,676,215
Interest Rate
2%
Mortgage Type
New Conventional
Estimated Equity
$2,931,486
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Cattani Richard C $2,745,005 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cattani Richard C $1,907,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/04/2022 04/04/22 Rented $17,500 -10.3% --
03/19/2022 03/19/22 Off Market $19,500 -- --
02/21/2022 02/21/22 Under Contract -- -- --
02/02/2022 02/02/22 Price Changed $19,500 +2.6% $6 / Sq Ft
02/01/2022 02/01/22 For Rent $19,000 0.0% --
03/08/2021 03/08/21 Sold $2,725,005 -0.9% $880 / Sq Ft View Prior Sale
01/26/2021 01/26/21 Pending -- -- --
01/26/2021 01/26/21 For Sale $2,750,000 -- $889 / 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 $56,596 $3,484,400 -- $3,484,400
2024 $51,803 $3,790,204 -- --
2023 $51,803 $3,534,000 $0 $3,534,000
2022 $47,001 $3,132,400 $0 $3,132,400
2021 $3,751 $240,500 $240,500 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Landlord's Agent in 2022

    C. Alison Hunter

    JENNETTE PROPERTIES INC

    (941) 953-6000

    1 Total Sale

    C. Alison Hunter
    Section Image
  • Perry Corneau

    Seller's Agent in 2021

    Perry Corneau

    COMPASS FLORIDA LLC

    (941) 650-4626

    81 in this area

    86 Total Sales

    Perry Corneau
    Section Image
  • Julia DeCastro

    Seller Co-Listing Agent in 2021

    Julia DeCastro

    PREMIER SOTHEBY'S INTERNATIONAL REALTY

    (941) 812-5176

    74 in this area

    74 Total Sales

    Julia DeCastro
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4524030

Stellar MLS

APN: 2009-16-2031

Florida Sarasota County Sarasota 34236 Downtown Sarasota

401 Quay Commons Dr Unit 902, Sarasota, FL

Not Listed for Sale

Condos

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

Nearby Homes