988 BLVD OF THE ARTS, #1011, Sarasota, FL, 34236 | $985,000

Rare opportunity to live downtown on the Bay with an unobstructed view of the bridge, boats, birds, kayaks, barrier islands and manatees. Live safely in this gated community on it's own peninsula with 24 hour security. This 10th floor condo can be your home for the holidays and winter. No one will ever build in front and block your endless bay and sunset views. Boat slips are currently available for lease. You can lounge on your extra wide covered, screened balcony day and night, or you can dock your boat or paddle a kayak only a few steps away. Cook in your fully equipped KitchenAid kitchen with granite countertops and ample custom cabinets and entertain at your bar with its own sink, built-in wine rack and wine cooler. The condo boasts a full size GE washer/dryer and new AC system. You can work out in the gym, the pool or the tennis and pickleball courts then relax in the primary bathroom’s whirlpool therapy bathtub or shower with plenty of warmth from the new tankless hot water system. The gate guard will call you when your guests arrive, and the concierge will see that packages are delivered to your door or bring up your heavy groceries for you. A large walk-in closet faces several cabinets and closets along the hallway between the two bedrooms and bathrooms. The building’s ground floor also has an air-conditioned storage room with an assigned cage.

For overnight visitors the built-in bookcase in the guest bedroom/office becomes a pull-down queen-sized bed and the guest bathroom has a walk-in shower along with custom cabinets and double sinks. The living area ceramic tile floors resist water and beach sand and are cool and non-slip to walk on, while the guest bedroom has fine American cherrywood floors. Balcony sliding glass doors are latest code for hurricane resistance. Association fees include common area maintenance, water and sewer, garbage, cable TV and wifi. Unit owner pays only electricity, AC maintenance and homeowner’s insurance.

Condo on the Bay is downtown where all the action is concentrated. Excellent fine dining as well as pizza, tacos, burgers and beer are all just a few steps down the street. Hotels, churches, yacht clubs, marinas, bars and the best powdered sugar beaches in the country are a short drive or a bicycle ride away. The city offers free outdoor movies and concerts all summer right across the street in the redesigned Bay Park with its lawns, bridges, mangroves and walking trails. The Bay also houses the renowned Sarasota Orchestra and the Van Wezel Performing Arts Hall, where Sarasota Ballet and a wide variety of musicians, dance companies, comedians and Broadway shows make appearances in season. In town the Sarasota Opera, Ringling Museum, Sarasota Art Museum, Selby Botanical Gardens, Mote Marine Laboratory and Aquarium and numerous colleges, universities and county libraries are all very close by. The airport is only 4 miles away. Sarasota Memorial Hospital, one of the best county hospital systems in the country, has its main campus down Tamiami Trail about 10 minutes away. Condo on the Bay offers its own social activities with barbecues, holiday parties, dining out, trivia nights, happy hours, water aerobics, kayak and other sports interests. At Condo on the Bay you have the best of both worlds, downtown conveniences and a waterfront lifestyle. All offers must include proof of funds or pre-approval.

Features

  • Elevator: Y
  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 1
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: In Kitchen, Laundry Closet
  • Complex: CONDO ON THE BAY TOWER II
  • Year Built: 1982
  • Common Charge: $2,593 Quarterly
  • Approx Sq. Feet: 1,555
  • Acreage: 2.8
  • Est. Taxes: $12,775
  • View: Water
  • Pet Policy: Breed Restrictions, Cats OK, Dogs OK, Number Limit, Size Limit
  • Appliances: Bar Fridge, Dishwasher, Disposal, Dryer, Tankless Water Heater, Washer
  • MLS#: A4669131
  • Days on Market: 32 days
  • Website: https://www.raveis.com
    /prop/A4669131/988blvdofthearts_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 12/15/2025 9:32:56 PM)

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.

Kate JohnsonSales Associate

203.856.2786

kate.johnson@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
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • 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.

Francine SilbermanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 69244

914.260.2006

Francine.Silberman@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

Mace L. RattetVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 69957

914.260.5535

Mace.Rattet@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

Gene RahillyInsurance Sales Director, William Raveis Insurance

917.494.9386

Gene.Rahilly@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, #1011, Sarasota, FL, 34236

$985,000

Kate Johnson

Sales Associate

William Raveis Real Estate

Phone: 203.856.2786

kate.johnson@raveis.com

Francine Silberman

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 914.260.2006

Francine.Silberman@raveis.com

NMLS Mortgage Loan Originator ID 69244

Mace L. Rattet

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 914.260.5535

Mace.Rattet@raveis.com

NMLS Mortgage Loan Originator ID 69957

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $788,000 $788,000 $788,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.000% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.440% 6.110% 5.952%
Monthly Tax Payment $1,065 $1,065 $1,065
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,536 $4,724 $6,544
Total Monthly Payment $5,693 $5,881 $7,701

* 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.