NOT LISTED FOR SALE

The Ritz-Carlton Residences 401 Quay Commons Unit 1001 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $5,241,252 - $6,043,000

3 Beds
3.5 Baths
3,798 Sq Ft
1.9 Acres

Last Sold February 16, 2021

Last sale price $3,904,500 $1,028 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $34,721/month

Highlights

  • Valet Parking
  • Marina View
  • Built in 2018 | Newly Remodeled
  • Booker High School Rated A-
  • Fitness Center
  • Waterfront

About This Home

As of February 2021

The Ritz-Carlton Residences will be surrounded by the region’s newest high-end mixed- use development, including a boardwalk, marina, waterfront park, restaurants and shops. The 73 condominium residences feature large open floor plans and deep balconies offering panoramic water views The main amenity level provides a 70- foot lap/fitness pool and second resort style pool with food and beverage service. The Ritz-Carlton provides the added touch of world-class service valet, concierge, in room dining and housekeeping all at your option.

Last Agent to Sell the Property

Perry Corneau

COMPASS FLORIDA LLC License #0547788 Listed on: 01/28/2021

COMPASS FLORIDA LLC

Co-Listed By

Julia DeCastro

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3103601

Last Buyer's Agent

Veronica Murphy

KELLER WILLIAMS ON THE WATER S License #3298730

KELLER WILLIAMS ON THE WATER S

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • Waterfront
  • West Facing Home

Parking

  • 2 Car Attached Garage
  • Electric Vehicle Home Charger
  • Common or Shared Parking
  • Secured Garage or Parking
  • Guest Parking
  • Parking Garage Space

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Block Exterior

Interior Spaces

  • 3,798 Sq Ft Home
  • Open Floorplan
  • Wet Bar
  • High Ceiling
  • Thermal Windows
  • Family Room Off Kitchen

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Solid Surface Countertops
  • Disposal

Flooring

  • Marble
  • Porcelain Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer

Accessible Home Design

  • Accessible Bedroom
  • Accessible Approach with Ramp

Outdoor Features

  • Outdoor Grill
  • Wrap Around Porch

Utilities

  • Zoned Heating and Cooling
  • Underground Utilities
  • Natural Gas Connected
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1001
  • Assessor Parcel Number 1001 THE RITZ-CARLTON RESIDENCES, SARASOTA

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include community pool, escrow reserves fund, maintenance exterior, ground maintenance, pool maintenance, recreational facilities, water
  • The Ritz Carlton Residences, Sarasota Association
  • Built by Moss & Associates LLC
  • Armand
  • Association Approval Required
  • 18-Story Property

Recreation

  • Community Spa

Pet Policy

  • Breed Restrictions

Additional Features

  • Valet Parking
  • Security Service

Property Details

Home Type

Condominium

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • HOA Fee Includes: Community Pool, Escrow Reserves Fund, Maintenance Exterior, Maintenance Grounds, Pool Maintenance, Recreational Facilities, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Property Description: High Rise
  • Water View: Yes
  • Construction Materials: Block
  • Living Area: 3798.00
  • Lot Size Acres: 1.90
  • New Construction: Yes
  • Year Built: 2018
  • Accessibility Features: Accessible Approach with Ramp, Accessible Bedroom
  • Building Area Total: 4400.00
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4489859?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4489859?w=Customer
  • Lot Size Sq Ft: 81380
  • Building Search Sq Meters: 408.77
  • Down Payment Resource Assistance: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4489859?w=PubMLS
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Room Count: 8
  • Living Area Units: Square Feet
  • Flooring: Marble, Porcelain Tile
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Eating Space In Kitchen, Elevator, High Ceiling(s), Kitchen/Family Room Combo, Open Floorplan, Solid Surface Counters, Split Bedroom, Walk-In Closet(s), Wet Bar
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Floor Number: 10
  • Levels: One
  • Stories: 18
  • Window Features: Thermal Windows
  • Living Area Meters: 352.85

Exterior Features

  • Direction Faces: West
  • Waterfront Feet Bay Harbor: 300
  • Waterfront Feet Marina: 300
  • Exterior Features: Balcony, Outdoor Grill
  • Water View: Bay/Harbor - Full, Gulf/Ocean - Full
  • Flood Zone Code: A13
  • View: Water
  • Water Body Name: SARASOTA BAY/GULF OF MEXICO
  • Waterfront: Yes
  • Patio and Porch Features: Wrap Around

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Common, Covered, Electric Vehicle Charging Station(s), Guest, Under Building, Valet

Utilities

  • Utilities: Cable Available, Natural Gas Connected, Public, Underground Utilities
  • Cooling: Central Air, Zoned
  • Heating: Central
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • S W Subdiv Community Name: Not Applicable
  • Community Features: Fitness, Pool
  • Pet Restrictions: Breed Restrictions
  • Building Name Number: THE RITZ-CARLTON RESIDENCE1001
  • Condo Fees: 2389
  • Condo Fees Term: Monthly
  • Condo Land Included: Yes
  • Monthly Condo Fee Amount: 2389
  • Pet Size: Extra Large (101+ Lbs.)
  • Association Amenities: Fitness Center, Pool, Security, Spa/Hot Tub
  • Association Approval Required: Yes
  • Association Fee Frequency: Monthly
  • Association Fee Requirement: Required
  • Association Name: The Ritz-Carlton Residences, Sarasota
  • Association: Yes
  • Security: Secured Garage / Parking

Fee Information

  • Waterfront Frontage: 600
  • Total Annual Fees: 28668.00
  • Total Monthly Fees: 2389.00

Lot Info

  • Total Acreage: 1 to less than 2
  • Parcel Number: 1001 THE RITZ-CARLTON RESIDENCES, SARASOTA
  • Builder License: CCG1511059
  • Lot Size Square Meters: 7560

Rental Info

  • Minimum Lease: 6 Months
  • Additional Lease Restrictions: 6 Months 1 time a year
  • Lease Restrictions: Yes
  • Pets Allowed: Breed Restrictions, Yes

Building Info

  • Builder Name: Moss & Associates LLC

Multi Family

  • Approval Process: Management Approval
  • Waterfront Features: Marina

Tax Info

  • Tax Lot: 1001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2021
Closed on
Feb 16, 2021
Sold by
New Grande Residences Lp
Bought by
Kenley Conrad and Conrad Kenley Revocable Living Trust
Seller's Agent
Perry Corneau
COMPASS FLORIDA LLC
Buyer's Agent
Veronica Murphy
KELLER WILLIAMS ON THE WATER S
List Price
$3,900,000
Sold Price
$3,904,500
Premium/Discount to List
$4,500
0.12%
Current Estimated Value
$5,547,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,642,813
Avg. Annual Appreciation
7.56%
Original Mortgage
$2,780,000
Outstanding Balance
$2,471,467
Interest Rate
2.62%
Mortgage Type
New Conventional
Estimated Equity
$3,075,846
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
Kenley Conrad $3,904,500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kenley Conrad $2,780,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2021 02/16/21 Sold $3,904,500 +0.1% $1,028 / Sq Ft
01/28/2021 01/28/21 Pending -- -- --
01/28/2021 01/28/21 For Sale $3,900,000 -- $1,027 / 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 $66,493 $4,516,100 -- $4,516,100
2024 $65,619 $4,586,796 -- --
2023 $65,619 $4,453,200 $0 $4,453,200
2022 $59,456 $3,964,200 $0 $3,964,200
2021 $3,751 $240,500 $240,500 $0
Source: Public Records

Agents Affiliated with this Home

  • 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
  • Veronica Murphy

    Buyer's Agent in 2021

    Veronica Murphy

    KELLER WILLIAMS ON THE WATER S

    (203) 415-5581

    5 in this area

    63 Total Sales

    Veronica Murphy
    Section Image
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About The Ritz-Carlton Residences

Map

Source: Stellar MLS

MLS Number: A4489859

Stellar MLS

APN: 2009-16-2035

Florida Sarasota County Sarasota 34236 Downtown Sarasota

401 Quay Commons Unit 1001, Sarasota, FL

Not Listed for Sale

Condos

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

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