505 S Orange AVENUE, #401, Sarasota, FL, 34236 | $2,215,000

Under contract-accepting backup offers. Welcome to the pinnacle of luxury living in the heart of sunny Sarasota, Florida! This exquisite 3-bedroom, 3. 5-bathroom end unit condo is where elegance meets modern comfort. Step into your private elevator lobby and be greeted by an open, sunlit space, enhanced by the natural light streaming through windows that face north, east, and west, filling the 3, 003 sq. ft. interior with warmth and brightness. The French white oak floors add an air of sophistication, perfectly complementing the thoughtfully designed interiors, each bedroom featuring its own en-suite bathroom and access to spacious private balconies.
Enjoy the convenience and security of keyless entry with a state-of-the-art video intercom system that connects to your smartphone for seamless access. With two on-site building managers, you’ll experience a level of service tailored to your every need. The private tiled balconies are not only perfect for enjoying Sarasota’s sunny weather but also come equipped with Kevlar wireless-activated retractable storm screens, offering hurricane-rated protection. On the west-facing balcony, an automatic sprinkler system allows for hassle-free gardening amidst a living wall, providing the perfect oasis against the backdrop of Florida's coastal breezes.

The three-and-a-half bathrooms have been meticulously renovated, with the primary bath standing out for its luxurious oversized soaking tub, walk-in shower, bidet water closet, and dual vanities. The Primary suite is complemented by two walk-in closets designed for style and organization. Your gourmet kitchen is a dream for any culinary enthusiast, featuring custom Pedini Italian cabinetry and high-end appliances from Bosch, Sub-Zero, and Wolf. Additional touches like a drinking water filtration system and a carbon-filtration range hood enhance both convenience and comfort.

Up-to-date with energy efficiency, the condo comes with newly installed HVAC heat pump units (January 2022) and a water heater (March 2023). In 2022, the building received a full exterior update, including fresh caulking, painting, and sealing for enhanced protection. Two adjacent parking spaces, pre-wired for electric vehicle charging, and a lockable storage unit near the garage add to the convenience of this stunning residence.

Residents enjoy access to an array of amenities on the third floor, including a club room, fitness center, yoga room, sauna, kitchen, heated pool, and a cozy outdoor seating area with a fire pit and grill. On the rooftop, unwind with breathtaking views of Sarasota Bay while taking advantage of the catering kitchen, outdoor dining, lounge areas, and a serene water fountain.

Set in the desirable Burns Court area, this condo offers the best of Sarasota right at your doorstep. Stroll to nearby boutiques, art galleries, yoga studios, a movie theater, and exceptional dining experiences. Downtown Sarasota's vibrant scene and world-class restaurants are just minutes away. For beach lovers, the award-winning sands of Lido Key, Siesta Key, and Longboat Key are just a short drive, offering the perfect coastal escape.
Don’t miss out on this rare opportunity to experience the height of luxury living in Sarasota in a building with fully funded reserves and no assessments. Schedule your private showing today and make this stunning condo your new home!

Features

  • Elevator: Y
  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 14
  • Amenities: Lobby Key Required, Maintenance, Pool, Storage
  • Rooms: 8
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: Laundry Room
  • Complex: KANAYA
  • Year Built: 2007
  • Approx Sq. Feet: 3,003
  • Est. Taxes: $8,614
  • Condo Fee: $6,597 Quarterly
  • Lot Desc: Near Public Transit, Sidewalk
  • Elem. School: Southside Elementary
  • Middle School: Booker Middle
  • High School: Sarasota High
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: A4625008
  • Days on Market: 37 days
  • Website: https://www.raveis.com
    /prop/A4625008/505sorangeavenue_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 11/24/2024 3:02:11 AM)
Listing courtesy of COLDWELL BANKER REALTY   Phone: 941-383-6411

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

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505 S Orange AVENUE, #401, Sarasota, FL, 34236

$2,215,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@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 $1,772,000 $1,772,000 $1,772,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.762% 6.036%
Monthly Tax Payment $718 $718 $718
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $11,346 $11,346 $15,558
Total Monthly Payment $12,189 $12,189 $16,401

* 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.