1800 Benjamin Franklin DRIVE, #B507, Sarasota, FL, 34236 | $2,200,000

Experience unparalleled luxury in this beautifully updated 3-bedroom, 3-bathroom condo at the highly coveted L Elegance building on Lido Key, offering sweeping views of both the Bay and the Gulf of Mexico.
This exquisite turn-key furnished residence has been meticulously modernized with neutral color palette throughout. The kitchen has been reimagined to enhance functionality and opened to capture more gorgeous views, creating a bright and airy space with ample counter space. European-style cabinetry with a sleek exterior, featuring natural maple interiors and soft-close doors, adds timeless elegance, while the Cambria countertops in varying tones lend an ultra-modern flair. Neutral wood toned tile flooring flows throughout the condo, with plush new carpeting in the bedrooms for added comfort.
No detail has been overlooked: solid core doors, new baseboards, fresh paint, and upgraded hardware throughout. The bathrooms have been completely renovated with the latest design trends, and the primary bath offers a luxurious spa-like retreat with custom closet systems.
Step outside and prepare to be captivated by the breathtaking views that surround you. Enjoy both sunrise and sunset from your expansive balconies—one offering panoramic views of the downtown skyline and sparkling Bay, and the other providing a front-row seat to the mesmerizing Gulf sunsets. Whether you’re relaxing on your terrace or watching the lights of downtown illuminate the evening sky, this residence delivers a front-row view of the best of Lido Key.
Designed with privacy in mind, the condo features a thoughtful floorplan that ensures each bedroom enjoys its own peaceful retreat. The spacious laundry room is equipped with a sink, making it easy to manage wet bathing suits and towels after a day at the pool and beach.
In addition to its unparalleled views and exquisite design, the L ‘Elegance building offers a wealth of world-class amenities to enhance your lifestyle. Dive into relaxation with the expansive lap pool, hot tub, and wading pool. Stay active in the state-of-the-art fitness center, complete with separate men’s and women’s locker rooms featuring saunas. For tennis enthusiasts, L Elegance is home to the only two Har-Tru tennis courts on Lido Key. The building also boasts a card and billiards room, 24/7 gated security, and underground parking for convenience and peace of mind.
Live the dream in this exclusive rare gem offering a sophisticated and tranquil haven with stunning views. Just a short stroll away, explore the iconic St. Armands Circle, a vibrant shopping and dining destination nestled in a beautiful park-like setting. Enjoy art shows and lively events throughout the year, adding a touch of culture and excitement to your calendar.
Only a short drive across the bridge, the heart of downtown Sarasota awaits, offering more top-tier restaurants, boutique shopping, and entertainment.
Your perfect paradise is calling—experience the ultimate in exceptional living at L Elegance.

Features

  • Elevator: Y
  • Heating: Electric
  • Cooling: Central Air
  • Levels: 12
  • Rooms: 5
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Inside, Laundry Room
  • Complex: L ELEGANCE ON LIDO BEACH
  • Year Built: 1996
  • Approx Sq. Feet: 1,980
  • Est. Taxes: $21,968
  • Condo Fee: $7,726 Quarterly
  • Lot Desc: Landscaped, Street Dead-End
  • View: City, Tennis Court, Water
  • Elem. School: Southside Elementary
  • Middle School: Booker Middle
  • High School: Sarasota High
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Microwave, Range, Refrigerator, Washer
  • MLS#: A4634412
  • Days on Market: 0 day
  • Website: https://www.raveis.com
    /prop/A4634412/1800benjaminfranklindrive_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 1/10/2025 9:47:07 PM)
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

Melissa.Cohn@raveis.com

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1800 Benjamin Franklin DRIVE, #B507, Sarasota, FL, 34236

$2,200,000

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 $1,760,000 $1,760,000 $1,760,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.750% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.286% 6.874% 6.972%
Monthly Tax Payment $1,831 $1,831 $1,831
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $11,709 $11,415 $15,574
Total Monthly Payment $13,665 $13,371 $17,530

* 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.