NOT LISTED FOR SALE

The Ritz-Carlton Residences 401 Quay Commons Unit 1704 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $4,546,179 - $5,383,000

3 Beds
3.5 Baths
3,095 Sq Ft
1.9 Acres

Last Sold March 26, 2021

Last sale price $3,287,100 $1,062 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $31,406/month

Highlights

  • Valet Parking
  • Property Fronts a Bay or Harbor
  • Built in 2018 | Newly Remodeled
  • Booker High School Rated A-
  • Fitness Center
  • Spa

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

Maureen Horn

MICHAEL SAUNDERS & COMPANY License #3102504

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • Property Fronts a Bay or Harbor
  • West Facing Home

Parking

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

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Block Exterior

Interior Spaces

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

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Accessible Home Design

  • Accessible Doors
  • Accessible Approach with Ramp

Outdoor Features

  • Spa
  • Outdoor Grill

Utilities

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

Listing and Financial Details

  • Tax Lot 1704
  • Assessor Parcel Number 401 QUAY COMMONS #1704

Community Details

Overview

  • Association fees include community pool, escrow reserves fund, maintenance exterior, ground maintenance, pool maintenance, recreational facilities, water
  • The Ritz Carlton Residnces Association
  • Built by Moss & Associates, LLC
  • The Ritz Carlton Residences, Sarasota Subdivision, Emerson Floorplan
  • Association Approval Required
  • 18-Story Property

Amenities

  • Valet Parking

Recreation

  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Security Service
  • Fire and Smoke Detector

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
  • Fireplace: Yes
  • Living Area: 3095.00
  • Lot Size Acres: 1.90
  • New Construction: Yes
  • Year Built: 2018
  • Accessibility Features: Accessible Approach with Ramp, Accessible Doors
  • Building Area Total: 3672.00
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4489824?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4489824?w=Customer
  • Lot Size Sq Ft: 81380
  • Building Search Sq Meters: 341.14
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046728
  • Status: Sold
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Room Count: 7
  • Living Area Units: Square Feet
  • Flooring: Marble
  • 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, Range Hood, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Floor Number: 15+
  • Levels: One
  • Spa Yn: Yes
  • Stories: 18
  • Living Area Meters: 287.53

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, Marina
  • Flood Zone Code: A13
  • View: Water
  • Water Body Name: SARASOTA BAY/GULF OF MEXICO
  • Waterfront: Yes

Garage/Parking

  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: 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, Electric
  • 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 RESIDENCE1704
  • Condo Fees: 2389
  • Condo Fees Term: Monthly
  • Monthly Condo Fee Amount: 2389
  • Association Amenities: Fitness Center, Pool, Security, Spa/Hot Tub
  • Association Approval Required: Yes
  • Association Name: The Ritz-Carlton Residnces
  • Security: Secured Garage / Parking, Smoke Detector(s)

Fee Information

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

Lot Info

  • Parcel Number: 401 QUAY COMMONS #1704
  • Builder License: CGC1511059
  • 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

Multi Family

  • Approval Process: Management Approval
  • Waterfront Features: Bay/Harbor

Tax Info

  • Tax Lot: 1704

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2021
Closed on
Mar 24, 2021
Sold by
New Grande Residences Lp
Bought by
Tao David and Tao Michela
Seller's Agent
Perry Corneau
COMPASS FLORIDA LLC
Buyer's Agent
Maureen Horn
MICHAEL SAUNDERS & COMPANY
List Price
$3,200,000
Sold Price
$3,287,100
Premium/Discount to List
$87,100
2.72%
Current Estimated Value
$5,084,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,797,626
Avg. Annual Appreciation
9.70%
Original Mortgage
$1,500,000
Outstanding Balance
$1,339,225
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$3,745,501
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
Tao David $3,287,100 K Title Company Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tao David $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2021 03/26/21 Sold $3,287,100 +2.7% $1,062 / Sq Ft
01/28/2021 01/28/21 Pending -- -- --
01/28/2021 01/28/21 For Sale $3,200,000 -- $1,034 / 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 $55,907 $3,932,181 -- --
2024 $54,568 $3,821,362 -- --
2023 $54,568 $3,710,060 $0 $0
2022 $53,394 $3,602,000 $0 $3,602,000
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
  • Maureen Horn

    Buyer's Agent in 2021

    Maureen Horn

    Michael Saunders

    (941) 539-3384

    11 in this area

    62 Total Sales

    Maureen Horn
    Section Image
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About The Ritz-Carlton Residences

Map

Source: Stellar MLS

MLS Number: A4489824

Stellar MLS

APN: 2009-16-2068

Florida Sarasota County Sarasota 34236 Downtown Sarasota

401 Quay Commons Unit 1704, 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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