505 S Orange AVENUE, #903, Sarasota, FL, 34236 | $1,995,000

Welcome to KANAYA at the intersection of Luxury, Lifestyle and Location. LOOKING TO PURCHASE A BEAUTIFUL DOWNTOWN CONDOMINIUM WITH GREAT FINANCIALS, WELL FUNDED and PASSED THE MILESTONE REPORT IN 2023, This West and South facing 9th floor unit enjoys vistas of the East, South and West to include Bay views with plenty of sunshine and no shadows of other buildings! Schedule a visit to see this superior end unit - 3003 square feet, 3 bedrooms, 3. 5 bath, plus office/den and sporting panoramic views of Downtown Sarasota and Sarasota Bay. Your semiprivate elevator will deliver you to your private vestibule/foyer that sets the stage for a truly exceptional experience! Architectural soffit lighting accents the living and dining rooms which includes a custom built-in Fret Carved Cherry entertainment center with décor fireplace, camouflage tv cabinet, and extra high quality stereo equipment. Crown moulding and a well-positioned wet bar are additional features. From here, step outside to the large Travertine base terrace possessing joyful Southern and Western views and is complete with remote controlled storm screens. For the bon vivant, your well-appointed kitchen includes an array of Miele appliances including 4 wall ovens (convection, microwave, steam and warming drawer), cooktop with grill and serving warmer, elevated cabinet dishwasher, wine and drink cooler, cabinet ice maker Plus a cabinet faced, Sub Zero refrigerator. Cherry and dove grey cabinetry accent this gourmet kitchen with upper cabinets. . . some glass faced. Solid surface counters, glass tile backsplash, a butler’s pantry and island complete the picture. The primary suite includes a 13x10 private study with built in desk, credenza and bookcases, a large corner bedroom with south and western exposure and separate access to the large balcony, an owner’s bath suite with soaking tub, shower with transom window, water closet, two vanities, pearl blue tile walls and an oversized walk-in closet that’s completely built out. On the east end you will explore two more-bedroom suites, one with built-in window seat, bookcase and storage drawers. Both bedrooms have en suite baths and access to a south and east facing balcony. There is a well-placed powder room as well. For amenities, the building offers a mesmerizing 16th floor roof-top balcony, featuring entertainment centers, lounge seating and splendid views of the city, fireworks, and Sarasota’s barrier islands and iconic bridge. You also have full access to the south facing 65-foot heated pool, huge sunbathing deck, shower/sauna, yoga room, gym, and indoor clubhouse kitchen. Modern construction boasts an abundance of impact glass windows and doors throughout. A deeded storage room down your service corridor, a large laundry room with cabinetry and a wash tub and two dedicated parking garage spots - one with an electric car charger are extra benefits. The Kanaya Condo Building. . . owners and management recently had the Milestone report performed by Karins Engineering and PASSED with very positive results (please see the MLS attachment). The entire building was sealed, caulked and painted within the past 2 years. Entire building has impact glass and backup generator to perform partial lighting and power.  This beautiful home is an exceptional downtown value.

Features

  • Elevator: Y
  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 1
  • Amenities: Elevator(s), Fitness Center, Maintenance, Pool, Recreation Facilities, Sauna, Spa/Hot Tub
  • Rooms: 11
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: Inside, Laundry Room
  • Complex: KANAYA
  • Year Built: 2007
  • Approx Sq. Feet: 3,003
  • Est. Taxes: $15,168
  • Condo Fee: $6,597 Quarterly
  • Lot Desc: Historic District, City Lot, Near Marina, Near Public Transit, Sidewalk
  • View: City, Pool, Water
  • Elem. School: Southside Elementary
  • Middle School: Booker Middle
  • High School: Sarasota High
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Indoor Grill, Microwave, Refrigerator, Washer, Wine Refrigerator
  • MLS#: A4593595
  • Days on Market: 127 days
  • Website: https://www.raveis.com
    /prop/A4593595/505sorangeavenue_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 12:39:41 AM)
Listing courtesy of FINE PROPERTIES   Phone: 941-782-0000

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

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505 S Orange AVENUE, #903, Sarasota, FL, 34236

$1,995,000

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 $1,596,000 $1,596,000 $1,596,000
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 $1,264 $1,264 $1,264
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,888 $10,485 $14,234
Total Monthly Payment $12,277 $11,874 $15,623

* 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.