$2,200,000
SOLD NOV 3, 2020
3 Beds
4 Baths
4,095 Sq Ft
$3,108/mo HOA Fee

Recently Sold

$537 Per Sq Ft

24% Below List Price

567 Days on Market

Highlights

  • White Water Ocean Views
  • Fitness Center
  • Heated Spa
  • Booker High School Rated A-
  • Penthouse
  • 1-minute walk to Five Points Park

About This Home

As of November 2023

Enjoy spectacular panoramic city, bay and Gulf of Mexico views from this penthouse residence located in the heart of Downtown Sarasota at The Plaza at Five Points. This extraordinary home in the sky boasts floor to ceiling windows and doors that showcase the views from nearly every room. Stunning open floor plan, modern design elements and exquisite finishes combine to create a striking yet functional living space. The main living area is completely open to the kitchen and adjacent den and features multiple entertaining areas including an understated marble gas burning fireplace and custom built-in wet bar. The well-equipped kitchen boasts modern Italian cabinetry, quartz and mosaic tile countertops, stainless steel appliances, large island and glass tile backsplash. The master suite is an oasis offering a private terrace, his and her fully appointed bathrooms and walk-in closets. There are two additional bedrooms and bathrooms, one of which is currently used as a study with built-ins that discreetly hide a Murphy bed. Building amenities include private residents only lobby, concierge, valet service, club room with catering kitchen, conference room, guest suite, state-of-the-art fitness center and rooftop heated pool, spa and grilling area. This penthouse comes with two secured parking spots and air-conditioned storage space. All of this in the heart of the vibrant downtown area next to shopping, dining and all of the cultural activities Sarasota has to offer.

Last Agent to Sell the Property

Joel Schemmel

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3060476 Listed on: 03/10/2019

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Ann Martin

MICHAEL SAUNDERS & COMPANY License #0188503

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $35,443

Year Built

  • Built in 2005

Lot Details

  • End Unit
  • West Facing Home
  • Landscaped with Trees

HOA Fees

  • $3,108 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

Home Design

  • Penthouse
  • Custom Home
  • Stem Wall Foundation
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 4,095 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Decorative Fireplace
  • Blinds
  • Sliding Doors
  • Great Room
  • Combination Dining and Living Room
  • Storage Room
  • Inside Utility
  • Security System Owned

Kitchen

  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

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

Laundry

  • Laundry closet
  • Dryer
  • Washer

Pool

  • Heated Spa
  • Heated Pool

Outdoor Features

  • Covered patio or porch

Schools

  • Alta Vista Elementary School
  • Booker Middle School
  • Booker High School

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, insurance, internet, maintenance structure, ground maintenance, maintenance repairs, manager, pest control, pool maintenance, recreational facilities, security, trash, water
  • Propertymanager@Plazafive.Com 941 955 3483 Association
  • High-Rise Condominium
  • Plaza At Five Points Residences Community
  • Plaza At Five Points Residences Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions
  • 17-Story Property

Recreation

Pet Policy

  • Pets up to 100 lbs
  • 2 Pets Allowed
  • Breed Restrictions

Additional Features

  • Security Service
  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$35,443

Year Built

Built in 2005

Lot Details

0

HOA Fees

$3,108 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Security, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Custom
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 4095
  • New Construction: No
  • Year Built: 2005
  • Building Area Total: 4284
  • Directions to Property: Pineapple Ave to Roundabout, roundabout to Central Ave. Building is on the corner of Main St & Central Ave.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4429152?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4429152?w=Customer
  • Floor Number: 15+
  • Homestead Y N: No
  • Number Of Pets: 2
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: Corner Unit, High Rise, Penthouse
  • Call Center Phone Number: 941-364-4014
  • Ratio: Close Price\List Price: 0.88353
  • Price per Sq Ft: 537.24
  • Close to Original List Price Ratio: 0.75993
  • Ratio: Current Price\Building Area Total: 513.54
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Decorative
  • Living Area Units: Square Feet
  • Flooring: Carpet, Marble
  • Full Bathrooms: 4
  • Interior Amenities: Built in Features, Elevator, Living Room/Dining Room Combo, Open Floorplan, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Ice Maker, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Stem Wall
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: Heated
  • Spa Yn: Yes
  • Stories: 17
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 50
  • Room Count: 7
  • Additional Rooms: Great Room, Inside Utility, Storage Rooms
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Pool Features: Heated
  • Exterior Features: Balcony, Sliding Doors
  • Roof: Built-Up
  • Pool Private: No
  • View: City, Water
  • Water Body Name: Sarasota Bay
  • Waterfront: No
  • Patio and Porch Features: Covered, Patio
  • Water View: Bay/Harbor - Full, Gulf/Ocean - Full, Intracoastal Waterway, Marina
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0133F
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Electricity Connected, Phone Available, Public, Street Lights
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fitness, Pool
  • Association Amenities: Elevator(s), Fitness Center, Security
  • Association Name: propertymanager@plazafive.com 941 955 3483
  • Association: No
  • Security: Security System Owned
  • Senior Community: No
  • Condo Fees: 9324
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 3108
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 37296
  • Total Monthly Fees: 3108

Schools

  • Elementary School: Alta Vista Elementary
  • High School: Booker High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: CCBD
  • Parcel Number: 2027032050
  • Additional Parcels: No
  • Flood Zone Code: X
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Breed Restrictions, Yes
  • Pet Size: Large (61-100 Lbs.)
  • Max Pet Weight: 100
  • Minimum Lease: 2 Months
  • Approval Process: Application and background check
  • Num Timesper Year: 2
  • Pet Restrictions: Breed restrictions - check with Property Manager. Dogs, Cats or Birds
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Tenants no pets

Tax Info

  • Tax Annual Amount: 35443.24
  • Tax Lot: PH17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2024
Sold by
Davis James and Davis Susan
Bought by
James E Davis And Susan F Davis 1998 Revocabl and Davis

Purchase Details

Listed on
Mar 10, 2019
Closed on
Nov 3, 2020
Sold by
Koon Martin D and Koon Jennifer A
Bought by
Valente Louis Kevin
Seller's Agent
Joel Schemmel
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Ann Martin
MICHAEL SAUNDERS & COMPANY
List Price
$2,895,000
Sold Price
$2,200,000
Premium/Discount to List
-$695,000
-24.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.99%
Original Mortgage
$1,980,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 7, 2018
Closed on
Oct 2, 2018
Sold by
Glazer Jeffrey J and Glazer Bonnie H
Bought by
Koon Martin D and Koon Jennifer A
Seller's Agent
Andree Huffine
COLDWELL BANKER REALTY
Buyer's Agent
Joel Schemmel
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$2,850,000
Sold Price
$2,650,000
Premium/Discount to List
-$200,000
-7.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.52%
Original Mortgage
$1,400,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 15, 2015
Sold by
Glazer Jeffrey J and Glazer Bonnie H
Bought by
Glazer Jeffrey J and Glazer Bonnie H

Purchase Details

Listed on
Jul 2, 2012
Closed on
May 1, 2014
Sold by
Waterside Properties Llc
Bought by
Glazer Jeffrey J and Glazer Bonnie H
Seller's Agent
Stephanie Church
COLDWELL BANKER REALTY
Buyer's Agent
Andree Huffine
COLDWELL BANKER REALTY
List Price
$2,395,000
Sold Price
$1,975,000
Premium/Discount to List
-$420,000
-17.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.68%
Original Mortgage
$1,200,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 15, 2011
Sold by
Server Joy
Bought by
Waterside Properties Llc

Purchase Details

Closed on
Feb 10, 2006
Sold by
Five Points Sarasota Investors Llc
Bought by
Caswell Robert and Server Joy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.14%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $100 None Listed On Document
Warranty Deed $2,200,000 Attorney
Warranty Deed $2,650,000 Attorney
Interfamily Deed Transfer -- None Available
Warranty Deed $1,900,000 Attorney
Warranty Deed $1,400,000 Attorney
Deed $1,700,600 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $500,000 Credit Line Revolving
Previous Owner $1,980,000 New Conventional
Previous Owner $1,400,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,200,000 Adjustable Rate Mortgage/ARM
Previous Owner $191,500 Unknown
Previous Owner $1,500,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2025 08/02/25 Price Changed $3,890,000 -9.5% $950 / Sq Ft
04/28/2025 04/28/25 For Sale $4,300,000 +19.4% $1,050 / Sq Ft
11/07/2023 11/07/23 Sold $3,600,000 0.0% $879 / Sq Ft
09/24/2023 09/24/23 Off Market $3,600,000 -- --
09/23/2023 09/23/23 Pending -- -- --
03/28/2023 03/28/23 Price Changed $3,800,000 -5.0% $928 / Sq Ft
03/01/2023 03/01/23 For Sale $4,000,000 +81.8% $977 / Sq Ft
11/03/2020 11/03/20 Sold $2,200,000 -11.6% $537 / Sq Ft
09/20/2020 09/20/20 Pending -- -- --
05/08/2020 05/08/20 Price Changed $2,490,000 -7.6% $608 / Sq Ft
01/16/2020 01/16/20 Price Changed $2,695,000 -3.6% $658 / Sq Ft
08/22/2019 08/22/19 Price Changed $2,795,000 -3.5% $683 / Sq Ft
03/03/2019 03/03/19 For Sale $2,895,000 +9.2% $707 / Sq Ft
10/02/2018 10/02/18 Sold $2,650,000 -7.0% $647 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
03/07/2018 03/07/18 For Sale $2,850,000 +44.3% $696 / Sq Ft
05/01/2014 05/01/14 Sold $1,975,000 -17.5% $482 / Sq Ft
04/14/2014 04/14/14 For Sale $2,395,000 +21.3% $585 / Sq Ft
04/10/2014 04/10/14 Pending -- -- --
11/06/2013 11/06/13 Off Market $1,975,000 -- --
03/08/2013 03/08/13 Price Changed $2,395,000 -4.0% $585 / Sq Ft
07/02/2012 07/02/12 For Sale $2,495,000 -- $609 / 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
2024 $24,926 $2,347,100 -- --
2023 $24,926 $1,684,566 $0 $0
2022 $24,312 $1,635,501 $0 $0
2021 $24,568 $1,587,865 $0 $0
2020 $35,375 $2,186,800 $0 $2,186,800
2019 $35,443 $2,196,600 $0 $2,196,600
2018 $24,999 $1,534,900 $0 $1,534,900
2017 $25,239 $1,534,900 $0 $1,534,900
2016 $25,704 $1,535,300 $0 $1,535,300
2015 $27,129 $1,586,300 $0 $1,586,300
2014 $22,338 $1,114,210 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4429152

Stellar MLS

APN: 2027-03-2050