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988 BLVD OF THE ARTS, #109, Sarasota, FL, 34236 | $3,000,000
10' HIGH CEILINGS. High & Dry. Never Flooded. No Assessments. Two Kitchens. Expansive Outdoor Living with Pet-Friendly YARD with Astroturf. Compare this condo with the Ritz-Carlton Residences (RCR) located behind the Condo On The Bay (COTB) Community, where condos start at $5M-$12M. This condo has MUCH MORE - FOR - MUCH LESS!
Ritz Carlton Residences and Condo On The Bay each offer tall ceilings (this home has 10' high ceilings), new construction (this home was 100% remodeled in 2025). This home has a SEPARATE CATERING KITCHEN. Only one RCR Floor Plan has a second kitchen - and you will need to pay $4M more to buy the RCR floor plan with a second kitchen.
What’s the BIG Difference? This Home BLOCKS THE VIEW OF THE RITZ CARLTON RESIDENCES. This home has UNOBSTRUCTED sunset water views. This HOME ALSO COMES WITH A BOAT that is also in like-new condition. AND, THERE’S NO WAITING FOR A BOAT SLIP at Condo ON The Bay! BOATERS will love the community MARINA with the VERY RARE option to install a private BOAT LIFT, all set directly on the stunning shores of Sarasota Bay. Enjoy this expansive, private, pet-friendly, outdoor terrace with private access stairway DOWN TO one of TWO POOLS, SAUNA, AND NEW FITNESS CENTERS and MARINA…
This Home has 4, 066 TOTAL SQUARE FEET. This home is HIGH & DRY. Never flooded. Not Even Close! The COTB towers have brand new roofs installed in 2025. The COTB Towers were also just painted in 2025. COTB has much lower association dues than the Ritz-Carlton Residences behind us, and there are NO PENDING ASSESSMENTS in sight. Think about this…the (comparable) “asking” price at $3M is far lower than the Ritz-Carlton Residences located BEHIND this COTB home. So, COME SEE - AND COMPARE - FOR YOURSELF.
The Video Tour is pretty good, but you need to see this in person. Just steps outside the front GUARD GATE is the City of Sarasota’s NEW 53-acre waterfront park called "THE BAY" Park, offering a vibrant lifestyle with open-air concerts, movies under the stars, fitness programs, and cultural attractions like the Van Wezel Performing Arts Hall and home of the Sarasota Orchestra. All of this within a short stroll to Publix Grocery Store and The Rosemary District with some of Sarasota’s top dining spots such as Ocean Prime, Rosemary & Thyme, Pazzo's, The Toasted Mango, The Breakfast Company, Station 400, Wolfie’s, Blvd Cafe, Lefty's, Spice Station, Vino Bistro. . . and many more. This is truly a lifestyle property that lives like no other in the community.
Features
- Elevator: Y
- Heating: Central
- Cooling: Central Air
- Levels: 18
- Amenities: Cable TV, Clubhouse, Elevator(s), Fitness Center, Gated, Maintenance, Pickleball Court(s), Pool, Recreation Facilities, Sauna, Security, Storage, Tennis Court(s)
- Rooms: 7
- Bedrooms: 3
- Baths: 2 full / 1 half
- Laundry: Inside, Laundry Room
- Complex: CONDO ON THE BAY TOWER II
- Year Built: 1982
- Approx Sq. Feet: 2,315
- Acreage: 2.8
- Est. Taxes: $10,124
- Condo Fee: $3,967 Quarterly
- View: Water
- Pet Policy: Cats OK, Dogs OK
- Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Range Hood, Refrigerator, Washer
- MLS#: A4656774
- Days on Market: 60 days
- Website: https://www.raveis.com
/prop/A4656774/988blvdofthearts_sarasota_fl?source=qrflyer
Listing courtesy of OCEANS GLOBAL REALTY, LLC Phone: 941-444-5444
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Pedro DelgadilloInsurance Sales Director, William Raveis Insurance
305.922.5393
Pedro.Delgadillo@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
988 BLVD OF THE ARTS, #109, Sarasota, FL, 34236
$3,000,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,400,000 | $2,400,000 | $2,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.353% | 6.121% | 6.038% |
| Monthly Tax Payment | $844 | $844 | $844 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,816 | $14,389 | $20,091 |
| Total Monthly Payment | $14,785 | $15,358 | $21,060 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388