332 Cocoanut AVENUE, #511, Sarasota, FL, 34236 | $815,000

ENJOYMENT THROUGHOUT ALL SEASONS AND EASE OF LIVING IS HERE! 20K PRICE IMPROVEMENT! TOP FLOOR corner end unit 511 SHINES in this 2021 MODERN build boutique downtown condominium located in the flourishing Rosemary District. Location and lifestyle immerse with all the culture and ambiance of city living, tucked into the neighborhood for a calm retreat. In zone X, an area determined to be outside of the floodplains, and at an elevation of 30 ft. A refreshingly low condo fee only $435 monthly. This airy unit lives well with a thoughtful open floor plan, a spacious South-facing 100 square foot private terrace, all comprising 1, 067 total square feet for ultimate enjoyment. This modern building was designed by the award-winning DSDG Architects firm utilizing impressive design elements, post-tension concrete construction, enhanced sound attenuation, and impact windows and terrace doors with Solarban. As you enter the unit your gaze is pulled to the expanse of glass that lines the width of the living space. The views impress and present the downtown city skyline to enjoy sunny day vistas and nights that twinkle. Perched on the 5th floor revealing soaring ceilings in the living area and primary bedroom showcasing open web steel joists—and notice the concrete architectural features further accentuating on the loftlike aesthetic. Numerous designer enhancements and 30K of upgrades including custom color solid wood cabinets, stylish tile kitchen backsplash, automated Hunter Douglas blinds, custom fitted California Closets system, modern ceiling light fixtures in living area and den, pebble floor tile in the glass walk-in shower, modern vanity light fixture and substantial wood frame vanity mirror. The coastal-vibe wood-look plank floor tile throughout the main living area continues into the den and bathroom. The entryway has a convenient reach in closet that can be imagined to needs. The kitchen is designed with a generous peninsula accommodating ample counter seating, counters of durable Caesarstone quartz and equipped with Samsung stainless steel appliances. Electrolux stacked washer/dryer conveniently hidden behind the laundry closet pocket door in the hallway next to the bathroom. The second bedroom featuring a recessed ceiling provides flexibility of use, be it a den or office, workout space or guest accommodation. Solid wood interior doors with lever handles add to the long list of quality attributes. Top 5th floor residents enjoy an overlook terrace off the corridor looking out over the pool terrace and city beyond. Amenities include an elevated rooftop heated pool and sundeck on the 3rd level, complete with gas grill, and a covered lounge area. 332 Cocoanut has only 36 residential units and is a secure building with fob entry and surveillance, 2 elevators, secure climate-controlled storage room on the second floor, and ground level under building parking. Unit 511 comes with 1 covered parking space and 5 x 10 storage cage. A short 500 yards to Whole Foods Market and the year-round Sarasota Farmers Market. And the experiences of Main Street intersecting from there. Delightful St. Armands Circle and Lido Beach are under 3 miles over the scenic Ringling Bridge. Eateries, Shops, Galleries, Theatre, Opera, Ballet, the Sarasota Bayfront, and Marina, the evolving 53-acre Bay Park, and more, so close just steps from your door. Hop on the Bay Runner to the beach. Catch the Breeze to SRQ airport only 4 miles away.

Features

  • Elevator: Y
  • Heating: Central
  • Cooling: Central Air
  • Levels: 5
  • Amenities: Elevator(s), Maintenance, Pool
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 1 full
  • Laundry: Inside
  • Complex: 332 COCOANUT CONDOMINIUM
  • Year Built: 2021
  • Approx Sq. Feet: 967
  • Est. Taxes: $6,077
  • Condo Fee: $435 Monthly
  • Lot Desc: Sidewalk
  • View: City, Water
  • Elem. School: Alta Vista Elementary
  • Middle School: Booker Middle
  • High School: Booker High
  • Pet Policy: Breed Restrictions, Cats OK, Dogs OK, Number Limit, Yes
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: A4616444
  • Days on Market: 137 days
  • Buyer Broker Compensation: 3.00%
  • Website: https://www.raveis.com
    /raveis/A4616444/332cocoanutavenue_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/26/2024 1:42:21 AM)

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332 Cocoanut AVENUE, #511, Sarasota, FL, 34236

$815,000

Allison Ficken

Sales Associate

William Raveis Real Estate

Phone: 941.960.0409

Allison.Ficken@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $652,000 $652,000 $652,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.321% 6.750% 7.038%
Monthly Tax Payment $506 $506 $506
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,229 $4,175 $5,770
Total Monthly Payment $4,827 $4,773 $6,368

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.