505 S Orange AVENUE, #1101, Sarasota, FL, 34236 | $2,100,000

Exceptional downtown condo with expansive water views and cityscapes located away from the noise and shade of other buildings yet close enough for easy walk to downtown shops, restaurants and historic Burns Court just across the street. Over 3000 sq. ft. of luxury living in this 3 BR. , 3. 5BA. w/Den or Office featuring breathtaking views of the Gulf of Mexico, Intracoastal Waterway, Ringling Bridge, Longboat Key, and Siesta Key including a panoramic view of Sarasota’s downtown and surrounding area. Keyless entry along with your own private elevator leads to a beautiful foyer entrance to your residence. Recent updates to kitchen include brand new quartz countertops, induction range, convection oven, refrigerator, and microwave. Other features in the kitchen you will love include a huge custom built Butlers Pantry and a large island work station. Other updates include new low maintenance luxury vinyl plank flooring, paint and A/C unit. The spacious 18x20 Owner's Suite has wrap around windows capturing the view of blue water and Sarasota city life. The owners suite also features a custom walk-in closet, a large bathroom with a separate walk-in shower, private WC, soaking tub, and two vanities. Bonus room/Office/Den is located in the Owners Suite wing. Open floor plan includes a generous 26x21 Great Room with tall tray ceilings. Sliding glass doors off the great room lead to a 10x26 ft. balcony where you can feel the breeze and take in the view. You also have access to this same balcony from the Owner's Suite. The guest wing allows for privacy in this split floor-plan. 2 bedrooms each with their own private baths with access to a shared balcony and magnificent city views. Kanaya is across from historic Burns Court where you can enjoy shopping, art galleries, dining options and the Burns Court Cinema or if you prefer, Google maps indicate it is only a 7 minute walk to Main Street. Put the top down and enjoy short drives to Siesta Key, Longboat Key, Lido Key, Selby Gardens and the Sarasota/Bradenton Airport. 2-deeded parking spaces are included. Amenities have a little something for everyone with a 59 ft. heated pool, fitness room, yoga studio, sauna, designer furnished gathering room, community kitchen and a poolside fire pit with chairs, sofa and tables. But wait there’s more! Residents have access to the Rooftop Terrace with breathtaking views of the entire downtown area and spectacular water views. This area offers multiple seating options with couches, tables, chairs and two catering kitchens. This area is available for residents to reserve for private parties. Excellent location to watch July 4th and New Years fireworks from nearby Marina Jacks. Available and ready for you to move right in.

Features

  • Elevator: Y
  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Levels: 15
  • Amenities: Cable TV, Clubhouse, Elevator(s), Fitness Center, Gated, Maintenance, Pool, Recreation Facilities, Storage
  • Rooms: 7
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: Inside, Laundry Room
  • Complex: KANAYA
  • Year Built: 2007
  • Approx Sq. Feet: 3,003
  • Est. Taxes: $14,783
  • Condo Fee: $6,597 Quarterly
  • Lot Desc: Historic District, City Lot, In County, Near Marina, Near Public Transit, Sidewalk
  • View: City, Trees/Woods, Water
  • Pet Policy: Yes
  • Appliances: Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer, Water Filtration System, Wine Refrigerator
  • MLS#: A4584443
  • Days on Market: 198 days
  • Website: https://www.raveis.com
    /prop/A4584443/505sorangeavenue_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 5/15/2024 12:35:07 AM)
Listing courtesy of ROBERTS REALTY INC   Phone: 941-924-2330

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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, #1101, Sarasota, FL, 34236

$2,100,000

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 $1,680,000 $1,680,000 $1,680,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.875% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.877% 7.014% 7.041%
Monthly Tax Payment $1,232 $1,232 $1,232
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $11,461 $11,036 $14,983
Total Monthly Payment $12,818 $12,393 $16,340

* 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.