401 Quay, #1101, Sarasota, FL, 34236 | $6,500,000

Step into the heart of upscale downtown waterfront living at The Ritz-Carlton Residences, Sarasota, the city's premier condominium community offering legendary services and an array of amenities. Access your private elevator from two prime parking spaces conveniently situated at the elevator entrance, and instantly immerse yourself in a world of meticulous detail and refined elegance.

Experience luxury living with fine touches, designer accents, and upgraded features, including custom cabinetry that elevates the ambiance. This residence, featuring 3 bedrooms, three and a half bathrooms, and over 3, 700 square feet of living space, seamlessly integrates open-concept common areas with ensuite accommodations. Enjoy nearly 1, 000 square feet of additional patios, providing a harmonious blend of family comfort and the perfect setting for entertaining.

Dramatic floor-to-ceiling glass on three sides allows natural light to permeate, unveiling a stunning panorama of Sarasota Bay, the city lights, and the Gulf of Mexico. The kitchen, adjacent to the living and dining rooms, is a stylish focal point, boasting rich wood and quartz countertops, discreet cabinetry, top-tier appliances, a spacious island with waterfall edges, and a wet bar for cocktail hours.

The master bedroom, meticulously designed with custom built-ins, offers a tranquil retreat with a designer-tiled bathroom and convenient access to the lanai for your morning coffee. Unwind or entertain on the open balcony, where a sleek glass railing ensures uninterrupted views of the water, skyline, and captivating sunsets.

Indulge in resort-style amenities, including a pool area that transports you to a paradise of relaxation, complete with generous sun lounging space, a poolside grill, and an outdoor dining area for memorable alfresco gatherings. The Ritz-Carlton Residences, Sarasota, goes beyond expectations with a fitness center, lap pool, lounging pool/hot tub, club room for events, game room, poolside grill, hotel and spa access, and 24/7 valet service, providing an unparalleled luxury lifestyle.

Features

  • Elevator: Y
  • Heating: Electric
  • Cooling: Central Air
  • Levels: 1
  • Rooms: 3
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: Inside
  • Complex: RITZ CARLTON RESIDENCES
  • Year Built: 2021
  • Approx Sq. Feet: 3,798
  • Acreage: 1.87
  • Est. Taxes: $59,387
  • Condo Fee: $9,800 Quarterly
  • View: Water
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Exhaust Fan, Refrigerator
  • MLS#: A4600374
  • Days on Market: 42 days
  • Website: https://www.raveis.com
    /prop/A4600374/401quay_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 11:17:11 PM)

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Arthur ChapmanSales Associate

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Arthur.Chapman@raveis.com

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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 7654

401.474.4879

Whitney.Rugg@raveis.com

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Our Insurance Division:

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401 Quay, #1101, Sarasota, FL, 34236

$6,500,000

Arthur Chapman

Sales Associate

William Raveis Real Estate

Phone: 401.640.0807

Arthur.Chapman@raveis.com

Whitney Rugg

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 401.474.4879

Whitney.Rugg@raveis.com

NMLS Mortgage Loan Originator ID 7654

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $5,200,000 $5,200,000 $5,200,000
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 $4,949 $4,949 $4,949
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $35,033 $33,727 $46,015
Total Monthly Payment $40,107 $38,801 $51,089

* 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.