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

Welcome to the epitome of luxury living in Sarasota! Your new residence awaits in this stunning 3-bedroom, 3. 5-bathroom end unit condo, where sophistication meets comfort. Upon entering your private elevator lobby, you're welcomed into a bright and airy space, courtesy of the north, east, and west-facing windows that bathe the 3003 interior square feet in natural light. French white oak floors add an elegant touch to the lavishly appointed interiors, complete with en-suite bathrooms and expansive balconies.
Managing your secure keyless access is a breeze with the building's state-of-the-art video intercom system, controllable via a convenient smartphone app. With two dedicated building managers on-site, expect unparalleled service tailored to your needs.
Step outside onto your private tiled balconies, each equipped with Kevlar wireless-activated retractable storm screens, providing hurricane-rated protection and peace of mind. The west-facing balcony boasts a living wall and automatic timed sprinklers, allowing you to indulge in worry-free gardening against the backdrop of Florida's beautiful weather.
The three-and-a-half renovated bathrooms exude elegance, with the master bath featuring an oversized insulated soaking tub, walk-in shower, bidet water closet, and dual vanities. The Primary suite is adorned with fabulously outfitted closets, including two walk-ins.
Your custom-designed kitchen is a chef's dream, featuring Pedini Italian cabinets, Bosch, Sub-Zero, and Wolf appliances. Enjoy the convenience of a drinking water filtration system on the kitchen faucets and a carbon-filtration system on the kitchen range hood.
The condo is equipped with new energy-efficient HVAC heat pump units for heating and cooling, installed in January 2022, and a new water heater installed in March 2023. The building underwent a makeover in 2022, including caulking, painting, and sealing, providing a fresh look and added protection. Two private adjacent parking spaces in the elevated garage, wired for an electric vehicle charging station, and a lockable owner storage unit near the parking spaces offer convenience. The third floor boasts resident amenity areas, including a club room, fitness center, yoga room, sauna, kitchen, heated pool, seating area with a fire pit, gas grill, and outdoor dining.
Head to the rooftop resident amenities for breathtaking Bay views and relaxation, featuring catering kitchen areas, outdoor seating, dining, lounge areas, and a water fountain. The building's commitment to sustainability includes recycling and composting, making it an environmentally friendly choice.
This condo in the coveted Burns Court area offers proximity to shopping, a movie theater, yoga studios, art galleries, and outstanding restaurants—all within walking distance. Downtown Sarasota, with its additional shopping and restaurants, is a short stroll away. Plus, the top-rated beaches of Lido Key, Siesta Key, and Longboat are just a 10 to 15-minute drive.
Take advantage of this unique opportunity to experience the pinnacle of luxury living. Schedule your showing today and make this Sarasota 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#: A4594245
  • Days on Market: 110 days
  • Website: https://www.raveis.com
    /prop/A4594245/505sorangeavenue_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 6:32:08 PM)

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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 793093

203.415.2989

Brian.Skelly@raveis.com

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Our Insurance Division:

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

$2,215,000

Amerra Ziyadeh

Sales Associate

William Raveis Real Estate

Phone: 203.927.2424

Amerra.Ziyadeh@Raveis.com

Brian Skelly

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.415.2989

Brian.Skelly@raveis.com

NMLS Mortgage Loan Originator ID 793093

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** 7.125% 6.750% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.838% 6.851% 6.915%
Monthly Tax Payment $718 $718 $718
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $11,938 $11,493 $15,681
Total Monthly Payment $12,781 $12,336 $16,524

* 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.