NOT LISTED FOR SALE

The Ritz-Carlton Residences 401 Quay Commons Unit PH 1901 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $4,596,000 - $9,256,612

4 Beds
4.5 Baths
6,131 Sq Ft
$4,745/mo HOA Fee

Last Sold April 29, 2022

Last sale price $9,750,000 $1,590 Per Sq Ft

Est. 29% decrease in value since last sale

Current estimated payment $51,646/month

268 Days on Market

Highlights

  • Valet Parking
  • 600 Feet of Waterfront
  • Fitness Center
  • Booker High School Rated A-
  • White Water Ocean Views
  • Built in 2018 | Newly Remodeled

About This Home

As of April 2022

Rare opportunity! Brand new, stunning penthouse in the recently completed Ritz Carlton Residence Sarasota. Gorgeous views of Sarasota Bay, the Key islands as well as city views from many windows and balconies in the residence. Over 6100 sq ft of indoor living plus an enormous balcony with grill for outdoor entertaining, all while enjoying the views and sunsets over the water. The floor plan boasts an enormous great room with wet bar and wine fridge for entertaining. The expansive kitchen/dining area has beautiful quartzite countertops and room for a large dining table. Additionally, the residence has a family room/den for more living space and flexibility. There are 4 large bedrooms, all with walk-in closets and ensuite bathrooms. The building provides a resort style pool with attendant, lap pool, poolside grills and fire pits, state of the art fitness facility and well appointed lounge areas and game room for socializing. Ritz Carlton manages the building, providing world class amenities and service one expects from their brand.

Last Agent to Sell the Property

Karen Nyhoff

FINE PROPERTIES License #3497049 Listed on: 04/29/2021

FINE PROPERTIES

Last Buyer's Agent

Steve Wexler

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #0204586

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,751

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 600 Feet of Waterfront
  • 300 Feet of Bay Harbor Waterfront
  • 300 Feet of Marina Waterfront
  • West Facing Home

HOA Fees

  • $4,745 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Secured Garage or Parking
  • Guest Parking
  • Parking Garage Space

Property Views

Home Design

  • Contemporary Architecture
  • Entry on the 15th floor
  • Slab Foundation
  • Block Exterior

Interior Spaces

  • 6,131 Sq Ft Home
  • Open Floorplan
  • Wet Bar
  • Coffered Ceiling
  • High Ceiling
  • Great Room
  • Family Room Off Kitchen
  • Ceramic Tile Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Dual Sinks

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

Community Details

Overview

  • Association fees include pool, escrow reserves fund, maintenance structure, ground maintenance, recreational facilities, water
  • The Ritz Carlton Residnces Association
  • Visit Association Website
  • Built by Moss & Associates, LLC
  • Block 6 Condominium Subdivision, Penthouse 1901 Floorplan
  • 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

Est. Annual Taxes

$3,751

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

HOA Fees

$4,745 per month

Parking

3

Listing Details

  • HOA Fee Includes: Pool, Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Pool, Recreational Facilities, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 6131
  • Lot Size Acres: 1.9
  • New Construction: Yes
  • Year Built: 2018
  • Accessibility Features: Accessible Approach with Ramp, Accessible Doors
  • Building Area Total: 7605
  • Lot Size Sq Ft: 81380
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: Builder
  • Building Area Total Srch Sq M: 706.53
  • Escrow City: Sarasota
  • Escrow State: FL
  • Escrow Street Name: Ocean Blvd, Suite 305
  • Floor Number: 15+
  • Minimum Lease: 6 Months
  • RATIO Current Price By Calculate: 1590.28
  • Water Access YN: 0
  • Condo Fees Term: Monthly
  • Planned Unit Development Yn: 0
  • Property Description: End Unit,High Rise,Penthouse
  • Tax Year: 2021
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Interior Amenities: Coffered Ceiling(s), Eat-in Kitchen, Elevator, High Ceilings, 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, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Spa Yn: Yes
  • Stories: 18
  • ResoLivingAreaSource: Builder
  • Living Area Meters: 569.59

Exterior Features

  • Direction Faces: West
  • Exterior Features: Balcony, Outdoor Grill
  • Roof: Other
  • Home Warranty: No
  • Pool Private: No
  • View: Water
  • Water Body Name: SARASOTA BAY/GULF OF MEXICO
  • Waterfront: Yes
  • Road Surface Type: Concrete
  • Water View: Bay/Harbor - Full,Gulf/Ocean - Full,Marina
  • Water View YN: 1
  • Waterfront Feet Total: 600
  • Water Frontage Feet Bay Harbor: 300
  • Water Frontage Feet Marina: 300

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: 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

  • Community Features: Fitness Center, Pool, Waterfront
  • Association Amenities: Fitness Center, Pool, Security, Spa/Hot Tub
  • Association Name: The Ritz-Carlton Residnces
  • Phone: TBD
  • Association: No
  • Security: Secured Garage / Parking, Smoke Detector(s)
  • Senior Community: No
  • Association Approval Required YN: 1
  • Pet Restrictions: No Aggressive Breeds
  • Association Fee Requirement: None
  • Condo Fees: 4745
  • Condo Land Included YN: 0
  • Association Email: TBD
  • Monthly Condo Fee Amount: 4745
  • Association URL: TBD

Fee Information

  • Total Annual Fees: 56940.00
  • Total Monthly Fees: 4745.00

Lot Info

  • Zoning: DTB
  • Parcel Number: 2009162073
  • Additional Parcels: No
  • Flood Zone Code: AE

Building Info

  • Builder Name: Moss & Associates, LLC

Rental Info

  • Pets Allowed: Breed Restrictions, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Minimum 6 Months

Tax Info

  • Tax Annual Amount: 3750.6
  • Tax Lot: 1401

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2021
Closed on
Apr 26, 2021
Sold by
New Grande Residences Lp
Bought by
Jones Robyn and Jones Mark
Seller's Agent
Perry Corneau
COMPASS FLORIDA LLC
Buyer's Agent
Stellar Non-Member Agent
STELLAR NON-MEMBER OFFICE
List Price
$7,800,000
Sold Price
$7,845,700
Premium/Discount to List
$45,700
0.59%
Current Estimated Value
$6,926,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$919,394
Avg. Annual Appreciation
-2.66%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jones Robyn $7,845,700 K Title Company Llc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/29/2022 04/29/22 Sold $9,750,000 -4.9% $1,590 / Sq Ft
01/22/2022 01/22/22 Pending -- -- --
12/04/2021 12/04/21 Price Changed $10,250,000 -2.4% $1,672 / Sq Ft
05/20/2021 05/20/21 For Sale $10,500,000 0.0% $1,713 / Sq Ft
05/13/2021 05/13/21 Pending -- -- --
04/29/2021 04/29/21 For Sale $10,500,000 +33.8% $1,713 / Sq Ft
04/26/2021 04/26/21 Sold $7,845,700 +0.6% $1,280 / Sq Ft View Prior Sale
01/28/2021 01/28/21 Pending -- -- --
01/28/2021 01/28/21 For Sale $7,800,000 -- $1,272 / 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 $125,615 $8,880,333 -- --
2024 $123,790 $8,630,061 -- --
2023 $123,790 $8,378,700 $0 $8,378,700
2022 $115,037 $7,682,600 $0 $7,682,600
2021 $3,751 $240,500 $240,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Karen Nyhoff

    Seller's Agent in 2022

    Karen Nyhoff

    FINE PROPERTIES

    (941) 782-0000

    1 in this area

    4 Total Sales

    Karen Nyhoff
    Section Image
  • Steve Wexler

    Buyer's Agent in 2022

    Steve Wexler

    PREMIER SOTHEBY'S INTERNATIONAL REALTY

    (941) 586-1124

    3 in this area

    16 Total Sales

    Steve Wexler
    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
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About The Ritz-Carlton Residences

Map

Source: Stellar MLS

MLS Number: A4499051

Stellar MLS

APN: 2009-16-2073

Florida Sarasota County Sarasota 34236 Downtown Sarasota

401 Quay Commons Unit PH 1901, Sarasota, FL

Not Listed for Sale

Condos

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