NOT LISTED FOR SALE

The Ritz-Carlton Residences 401 Quay Commons Unit 1203 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $6,312,000 - $8,258,000

4 Beds
5 Baths
4,855 Sq Ft
1.9 Acres

Last Sold March 15, 2021

Last sale price $5,100,000 $1,050 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $44,665/month

Highlights

  • Valet Parking
  • Marina View
  • Fitness Center
  • Booker High School Rated A-
  • Property Fronts a Bay or Harbor
  • New Construction

About This Home

As of March 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

Perry Corneau

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

COMPASS FLORIDA LLC

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2019 | New Construction

Lot Details

  • Property Fronts a Bay or Harbor
  • West Facing Home
  • Dog Run
  • Irrigation

Parking

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

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Block Exterior

Interior Spaces

  • 4,855 Sq Ft Home
  • Open Floorplan
  • Wet Bar
  • High Ceiling
  • Sliding Doors
  • Family Room Off Kitchen
  • Marble Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Accessible Home Design

  • Accessible Bedroom
  • Accessible Approach with Ramp

Outdoor Features

  • Spa
  • Outdoor Grill
  • Wrap Around Porch

Location

  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 1203
  • Assessor Parcel Number 401QUAY COMMONS 1203

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include community pool, escrow reserves fund, maintenance exterior, manager, pool maintenance, recreational facilities, security
  • The Ritz Carlton Residences, Sarasota Association
  • Built by Moss & Associates LLC
  • The Ritz Carlton Residences, Sarasota Subdivision, Worthington Floorplan
  • On-Site Maintenance
  • 18-Story Property

Amenities

  • Valet Parking
  • Elevator

Recreation

  • Recreation Facilities
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Security Service
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 2019 | New Construction

Lot Details

0

Parking

2

Listing Details

  • HOA Fee Includes: Community Pool, Escrow Reserves Fund, Maintenance Exterior, Manager, Pool Maintenance, Recreational Facilities, Security
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Property Description: Corner Unit, High Rise
  • Water View: Yes
  • Construction Materials: Block
  • Fireplace: Yes
  • Living Area: 4855.00
  • Lot Size Acres: 1.90
  • New Construction: Yes
  • Year Built: 2019
  • Accessibility Features: Accessible Approach with Ramp, Accessible Bedroom
  • Building Area Total: 5751.00
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4489901?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4489901?w=Customer
  • Lot Size Sq Ft: 81380
  • Building Search Sq Meters: 534.29
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046728
  • Status: Sold
  • Tax Year: 2020
  • Special Features: NewHome

Interior Features

  • Room Count: 11
  • Living Area Units: Square Feet
  • Additional Rooms: Family Room
  • Flooring: Marble
  • Full Bathrooms: 5
  • Interior Amenities: Eating Space In Kitchen, Elevator, High Ceiling(s), Kitchen/Family Room Combo, Open Floorplan, Solid Surface Counters, Walk-In Closet(s), Wet Bar
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Floor Number: 12
  • Levels: One
  • Spa Yn: Yes
  • Stories: 18
  • Living Area Meters: 451.04

Exterior Features

  • Direction Faces: West
  • Waterfront Feet Bay Harbor: 300
  • Waterfront Feet Marina: 300
  • Exterior Features: Balcony, Dog Run, Irrigation System, Outdoor Grill, Sidewalk, Sliding Doors
  • Water View: Bay/Harbor - Full, Intracoastal Waterway
  • Flood Zone Code: A13
  • View: Water
  • Water Body Name: SARASOTA BAY
  • Waterfront: Yes
  • Patio and Porch Features: Front Porch, Rear Porch, Side Porch, Wrap Around

Garage/Parking

  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Assigned, 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, Waterfront
  • Pet Restrictions: No Aggressive Breeds
  • Building Name Number: THE RITZ- CARLTON RESIDENCES
  • Condo Fees: 3884
  • Condo Fees Term: Monthly
  • Monthly Condo Fee Amount: 3884
  • Association Amenities: Elevators, Fitness Center, Maintenance, Pool, Recreation Facilities, Security, Spa/Hot Tub
  • Association Name: THE RITZ-CARLTON RESIDENCES, SARASOTA
  • Association: Yes
  • Security: Fire Sprinkler System, Secured Garage / Parking, Smoke Detector(s)

Fee Information

  • Waterfront Frontage: 600
  • Total Annual Fees: 46608.00
  • Total Monthly Fees: 3884.00

Lot Info

  • Parcel Number: 401QUAY COMMONS 1203
  • Builder License: CGC1511059
  • Lot Features: In City Limits
  • Lot Size Square Meters: 7560

Rental Info

  • Minimum Lease: 6 Months
  • Additional Lease Restrictions: Minimum 6 Months
  • Lease Restrictions: Yes
  • Pets Allowed: Breed Restrictions, Yes

Building Info

  • Builder Name: Moss & Associates LLC

Tax Info

  • Tax Lot: 1203

Multi Family

  • Waterfront Features: Bay/Harbor, Marina

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2023
Sold by
Forchione Dennis
Bought by
Dennis A Forchione Qualified Personal Residen and Forchione
Current Estimated Value
$6,998,611

Purchase Details

Listed on
Jan 28, 2021
Closed on
Mar 15, 2021
Sold by
New Grande Residences Llc
Bought by
Forchione Dennis and Forchione Karen
Seller's Agent
Perry Corneau
COMPASS FLORIDA LLC
Buyer's Agent
Perry Corneau
COMPASS FLORIDA LLC
List Price
$5,100,000
Sold Price
$5,100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.92%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Dennis A Forchione Qualified Personal Residen $1,490,000 None Listed On Document
Karen S Forchione Qualified Personal Residenc $1,490,000 None Listed On Document
Forchione Dennis $100 None Listed On Document
Forchione Dennis $5,100,000 K Title Company Llc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2021 03/15/21 Sold $5,100,000 0.0% $1,050 / Sq Ft
01/28/2021 01/28/21 Pending -- -- --
01/28/2021 01/28/21 For Sale $5,100,000 -- $1,050 / 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 $94,208 $5,859,800 -- $5,859,800
2024 $87,111 $6,379,846 -- --
2023 $87,111 $5,943,300 $0 $5,943,300
2022 $79,065 $5,272,600 $0 $5,272,600
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
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About The Ritz-Carlton Residences

Map

Source: Stellar MLS

MLS Number: A4489901

Stellar MLS

APN: 2009-16-2047

Florida Sarasota County Sarasota 34236 Downtown Sarasota

401 Quay Commons Unit 1203, 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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