NOT LISTED FOR SALE

Estimated Value: $2,347,000 - $2,552,000

3 Beds
3 Baths
2,799 Sq Ft
$1,003/mo HOA Fee

Last Sold October 15, 2024

Last sale price $2,550,000 $911 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $16,671/month

22 Days on Market

Highlights

  • Marina View
  • Fitness Center
  • Open Floorplan
  • Booker High School Rated A-
  • Heated In Ground Pool
  • 5-minute walk to Causeway Park

About This Home

As of October 2024

Located at one of Sarasota’s most prestigious addresses, nothing compares to 35 Watergate Drive where the pinnacle of luxury reigns supreme and legendary service always delivers. The iconic Ritz-Carlton brand is recognized around the world for its promise of elevated guest experiences all day, every day. Perched high above the vibrant cityscape and incredible bayfront, the Tower Residence at 1206 encompasses a thoughtful floor plan just shy of 2,800 sq. ft. with three bedrooms and three full baths. This stunning open format provides sophisticated elements of a prominent home designed for living a life of pure indulgence, refined comfort and extravagant surroundings. Your private elevator ushers you into perfection and reveals timeless interiors expertly designed with lavish nuances and elaborate details. A double-door foyer invites you into a gracious corner residence bathed in natural light while boasting exquisite finishes and fine furnishings. Two expansive terraces invite peaceful relaxation and enjoyment of the panoramas across the horizon. Beautiful modern artwork alive with colorful artistry beckons further exploration into this lavish space. An incredible great room is highlighted by two walls of windows, a built-in entertainment center and fully equipped wet bar. The formal dining area easily accommodates seating for 8 and offers windows on three sides for endless views and entertaining in style. The evening sky reflecting off the water and the boats entering the harbor are the ending to a perfect day in paradise. The chef-inspired kitchen hosts a wealth of features including premium appliances, exquisite granite counters, solid wood cabinetry, and breakfast bar. A double-door vestibule affords access to the primary wing with separate wardrobe rooms and a bejeweled bath with spa tub, nicely sized step-in shower, water closet with bidet, and separate vanities for efficient and roomy preparation to begin another glorious day. Featuring its own terrace overlooking the gorgeous bay and beyond, the guest ensuite is tastefully furnished and creates a luscious backdrop for relaxing, unwinding and enjoying life’s most remarkable moments. The third bedroom, equipped with custom built-ins, serves perfectly as an office or an additional bedroom when needed. A private 2-car garage is located underground for safety and security. Recent updates include new A/C, washer/dryer, and wood flooring in the bedrooms. Experience the signature Ritz-Carlton lifestyle with dedicated amenities including a residents’ concierge, 24-hour staff, food and beverage services, 24-hour in-residence dining, 24-hour valet, housekeeping services, and on-site property management. On the third floor, residents can take advantage of two social rooms, a movie theater, a fitness center with a sauna and massage room, a heated outdoor lap pool/spa, fire table, and BBQ grills. This cultural epicenter location offers close proximity to world-class theater, opera, ballet, symphony, art galleries, and renowned dining and shopping venues. An unforgettable experience awaits!

Last Agent to Sell the Property

Karen Greco

GRECO REAL ESTATE Brokerage Phone: 941-685-0449 License #0405884 Listed on: 08/22/2024

Last Buyer's Agent

JohnPaul Fortin

MICHAEL SAUNDERS & COMPANY License #3588521

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $30,341

Year Built

  • Built in 2003

Lot Details

  • East Facing Home
  • Mature Landscaping
  • Street paved with bricks
  • Landscaped with Trees

HOA Fees

  • $1,003 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Secured Garage or Parking
  • Guest Parking
  • On-Street Parking

Property Views

Home Design

  • Florida Architecture
  • Entry on the 12th floor
  • Slab Foundation
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,799 Sq Ft Home
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Bar Fridge
  • Crown Molding
  • Coffered Ceiling
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Shades
  • Blinds
  • Rods
  • Great Room
  • Combination Dining and Living Room
  • Inside Utility

Kitchen

  • Breakfast Bar
  • Built-In Convection Oven
  • Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Brick
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Dual Closets
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Sinks
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Security Gate

Accessible Home Design

  • Accessible Elevator Installed
  • Accessible Bedroom
  • Accessible Common Area
  • Accessible Approach with Ramp
  • Accessible Entrance

Eco-Friendly Details

  • Ventilation

Pool

  • Heated In Ground Pool
  • Heated Spa
  • Gunite Pool
  • Saltwater Pool

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Outdoor Kitchen
  • Exterior Lighting
  • Outdoor Storage
  • Outdoor Grill

Schools

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

Utilities

  • Zoned Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-Hour Guard, pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, management, pest control, recreational facilities, security, sewer, trash, water
  • $3,660 Other Monthly Fees
  • The Ritz Carlton Management Association
  • The Tower Residences Community
  • The Tower Residences Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions
  • 17-Story Property

Amenities

  • Community Storage Space
  • Elevator

Recreation

  • Community Spa

Pet Policy

  • Pets up to 35 lbs
  • 2 Pets Allowed

Security

  • Security Service
  • Card or Code Access
  • High Impact Windows
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$30,341

Year Built

Built in 2003

Lot Details

0

HOA Fees

$1,003 per month

Parking

2

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Florida
  • Construction Materials: Block, Other, Stucco
  • Fireplace: No
  • Living Area: 2799
  • New Construction: No
  • Year Built: 2003
  • Accessibility Features: Accessible Approach with Ramp, Accessible Bedroom, Accessible Common Area, Accessible Elevator Installed, Accessible Entrance
  • Building Area Total: 3292
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: Builder
  • Escrow State: FL
  • Floor Number: 12
  • Minimum Lease: 3 Months
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 911.04
  • Total Acreage: Non-Applicable
  • Water Access YN: 0
  • Other Fees Amount: 10979
  • Condo Fees Term: Quarterly
  • Planned Unit Development Yn: 0
  • Property Description: End Unit,High Rise
  • MFR_BedroomClosetType: Built-in Closet
  • MFR_BedroomClosetType: Dual Closets
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 941-685-0449
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Brick, Hardwood, Marble
  • Full Bathrooms: 3
  • Interior Amenities: Built-in Features, Ceiling Fans(s), Coffered Ceiling(s), Crown Molding, Elevator, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s), Wet Bar, Window Treatments
  • Appliances Included: Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: Heated
  • Spa Yn: Yes
  • Stories: 17
  • Window Features: Blinds, Double Pane Windows, Impact Glass/Storm Windows, Rods, Shades, Window Treatments
  • ResoLivingAreaSource: Builder
  • Additional Rooms: Great Room,Inside Utility
  • Living Area Meters: 260.04

Exterior Features

  • Direction Faces: East
  • Other Structures: Storage
  • Pool Features: Gunite, Heated, In Ground, Salt Water
  • Exterior Features: Lighting, Outdoor Grill, Outdoor Kitchen, Storage
  • Roof: Other
  • Home Warranty: No
  • Pool Private: No
  • View: Water
  • Water Body Name: SARASOTA BAY
  • Waterfront: No
  • Patio and Porch Features: Covered, Deck, Patio
  • Road Surface Type: Asphalt
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure
  • Water View: Bay/Harbor - Partial,Intracoastal Waterway,Marina
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12115C0133G

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Assigned, Covered, Garage Door Opener, Guest, On Street, Underground

Utilities

  • Utilities: Cable Available, Electricity Connected, Public, Street Lights
  • Cooling: Central Air
  • Heating: Central, Electric, Zoned
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Fitness Center, Pool
  • Association Amenities: Clubhouse, Elevator(s), Fitness Center, Maintenance, Security, Spa/Hot Tub, Storage
  • Association Name: The Ritz-Carlton Management
  • Phone: Jose Carvalho
  • Association: No
  • Security: Closed Circuit Camera(s), Fire Alarm, Fire Sprinkler System, Key Card Entry, Secured Garage / Parking, Security Gate, Security System
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: 2 pets max 35lb
  • Association Fee Requirement: None
  • Condo Fees: 3009
  • Condo Land Included YN: 0
  • Max Pet Weight: 35
  • Association Email: jose.carvalho@ritzcarlton.com
  • Monthly Condo Fee Amount: 1003
  • Pet Size: Small (16-35 Lbs.)

Fee Information

  • Total Annual Fees: 55952.00
  • Total Monthly Fees: 4662.67
  • Other Fees Term: Quarterly

Schools

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

Lot Info

  • Zoning: DTB
  • Parcel Number: 2010015054
  • Additional Parcels: No
  • Lot Features: City Limits, Street Brick, Private
  • Flood Zone Code: AE

Green Features

  • Green Indoor Air Qlty: Ventilation

Rental Info

  • Furnished: Negotiable
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Lease Restrictions

Tax Info

  • Tax Annual Amount: 30341
  • Tax Lot: 0

Multi Family

  • Approval Process: Application, Background Check, $150 processing fee to Tower Association.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2024
Closed on
Oct 15, 2024
Sold by
Gerald J Allen Eleventh Amended J and Gerald Rest
Bought by
Ballester Andre-Michel and Lupeca Ludmila
Seller's Agent
Karen Greco
GRECO REAL ESTATE
Buyer's Agent
JohnPaul Fortin
MICHAEL SAUNDERS & COMPANY
List Price
$2,695,000
Sold Price
$2,550,000
Premium/Discount to List
-$145,000
-5.38%
Views
10
Current Estimated Value
$2,485,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$64,288
Avg. Annual Appreciation
-2.52%

Purchase Details

Closed on
Feb 4, 2019
Sold by
Allen Gerald J and Allen Ann M
Bought by
Revoca Allen Gerald J and Gerald J Allen Eleventh Revocable Living

Purchase Details

Listed on
Apr 28, 2017
Closed on
Mar 19, 2018
Sold by
Burnett Kyle and Burnett Margo
Bought by
Allen Gerald J and Allen Ann M
Seller's Agent
Beth Afflebach
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Karen Greco
GRECO REAL ESTATE
List Price
$1,910,000
Sold Price
$1,830,000
Premium/Discount to List
-$80,000
-4.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.12%

Purchase Details

Closed on
Dec 19, 2014
Sold by
Ebin John P
Bought by
Burnett Kyle and Burnett Margo

Purchase Details

Closed on
Mar 31, 2004
Sold by
Sarasota Tower Inc
Bought by
Ebin John P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Ballester Andre-Michel $2,550,000 None Listed On Document
Revoca Allen Gerald J -- Attorney
Allen Gerald J $1,830,000 Attorney
Burnett Kyle $1,585,000 Msc Title Inc
Ebin John P $1,560,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ebin John P $1,000,000
Closed Ebin John P $92,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/15/2024 10/15/24 Sold $2,550,000 -5.4% $911 / Sq Ft
09/13/2024 09/13/24 Pending -- -- --
08/22/2024 08/22/24 For Sale $2,695,000 +47.3% $963 / Sq Ft
03/19/2018 03/19/18 Sold $1,830,000 -4.2% $654 / Sq Ft View Prior Sale
02/20/2018 02/20/18 Pending -- -- --
09/19/2017 09/19/17 For Sale $1,910,000 0.0% $682 / Sq Ft
07/17/2017 07/17/17 Pending -- -- --
04/28/2017 04/28/17 For Sale $1,910,000 -- $682 / 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 $30,341 $2,003,155 -- --
2023 $30,341 $2,310,900 $0 $2,310,900
2022 $27,176 $1,998,300 $0 $1,998,300
2021 $23,726 $1,505,000 $0 $1,505,000
2020 $24,513 $1,671,200 $0 $1,671,200
2019 $20,507 $1,266,800 $0 $1,266,800
2018 $23,408 $1,444,900 $0 $1,444,900
2017 $25,304 $1,470,634 $0 $0
2016 $22,619 $1,373,000 $0 $1,373,000
2015 $20,812 $1,215,400 $0 $1,215,400
2014 $19,452 $1,023,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4611293

Stellar MLS

APN: 2010-01-5054