$5,275,000
$1M PRICE DROP

The Ritz-Carlton Residences 1111 Ritz Carlton Dr Unit 1603 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated payment $38,008/month

Total Views 8,668
3 Beds
3.5 Baths
4,276 Sq Ft
$1,234 Price per Sq Ft

Highlights

  • Valet Parking
  • White Water Ocean Views
  • Property is near a marina
  • Booker High School Rated A-
  • Fitness Center
  • Home Theater

About This Home

SARASOTA BAY VIEWS, VIEWS FROM EVERY ROOM AND LOCATION LOCATION LOCATION - THE Ritz Carlton Residence, 16TH floor Penthouse. This is one of a kind, with a Bright Open floor plan. Completely renovated and with all the top of the line fixtures, finishes and appliances. Enjoy world class service, valet, concierge, in room dining and housekeeping options. This home comes with a magnificent floor plan, water views from every room that create a dramatic sense of openness, Home is equipped with Son's Sound System, Three En-Suite, Theater room. Aquanaut Water Filtration, and Ion Leakes Water Detection system. The Living room, Kitchen, dining room and hallways have beautiful 24" Portugal Marble tile flooring. Entertain your guests with a State of the Art Kitchen, Bespoke Burl Wood Lacquered cabinets, recessed lighting, very large island. Each Bedroom has a magnificent view. This unit comes with 2 Parking spaces Nearby Marina for yachting, Convenient to shopping, theater, and dining. this elegant home can be purchased turnkey at additional cost. This penthouse is truly GORGEOUS!!

Listing Agent

Bridget Spiess

PREFERRED SHORE LLC Brokerage Phone: 941-999-1179 License #0674003

PREFERRED SHORE LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $31,214

Year Built

  • Built in 2001

Lot Details

  • Southwest Facing Home

HOA Fees

  • $6,022 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Ground Level Parking
  • Open Parking
  • Off-Street Parking

Home Design

  • Condo Hotel
  • Contemporary Architecture
  • Turnkey
  • Concrete Roof
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 4,276 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Combination Dining and Living Room
  • Home Theater

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Solid Surface Countertops
  • Solid Wood Cabinet

Flooring

  • Carpet
  • Marble
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Bathroom
  • Walk-In Closet
  • Dual Sinks
  • Shower Only
  • Garden Bath

Home Security

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Pool Deck
  • Pool Lighting

Outdoor Features

  • Property is near a marina
  • Exterior Lighting
  • Outdoor Storage
  • Porch

Location

  • Property is near public transit
  • Property is near a golf course

Schools

  • Alta Vista Elementary School
  • Booker Middle School
  • Booker High School

Utilities

  • Central Heating and Cooling System
  • Water Filtration System
  • Tankless Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2010014041

Community Details

Overview

  • Association fees include 24-Hour Guard, common area taxes, pool, escrow reserves fund, fidelity bond, insurance, internet, maintenance structure, ground maintenance, management, pest control, recreational facilities, security, sewer, trash, water
  • Ivana Podolska, Residences Manager Association, Phone Number (941) 309-2268
  • The Residences Community
  • The Residences Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to building or community restrictions, deed restrictions, vehicle restrictions
  • 18-Story Property

Amenities

  • Valet Parking
  • Community Mailbox
  • Community Storage Space
  • Elevator

Recreation

  • Tennis Courts
  • Recreation Facilities

Pet Policy

  • Pets up to 45 lbs
  • Pet Size Limit
  • 2 Pets Allowed
  • Breed Restrictions

Security

  • Security Service
  • Card or Code Access
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$31,214

Year Built

Built in 2001

Lot Details

0

HOA Fees

$6,022 per month

Parking

2

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Common Area Taxes, Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condo - Hotel
  • Architectural Style: Contemporary
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 4276
  • New Construction: No
  • Year Built: 2001
  • Building Area Total: 4500
  • Directions to Property: From Fruitville Road go south on Rt 41 to Ritz Carlton Drive, take a right on Ritz Carlton Drive, go to lobby of the hotel - please let them know you are there to see The Residences.
  • Status: Active
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 15+
  • List Office Head Office Key Nume: 508758250
  • Minimum Lease: 1 Month
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 1233.63
  • Total Acreage: Non-Applicable
  • Unit Number YN: 0
  • Water Access YN: 0
  • Condo Fees Term: Quarterly
  • Property Description: High Rise,Penthouse
  • MFR_BedroomClosetType: Walk-in Closet
  • MFR_BedroomClosetType: Walk-in Closet
  • MFR_CommunityAssociationWaterFeatures: Bay/Harbor Front,Waterfront
  • Attribution Contact: 941-999-1179
  • Tax Year: 2023
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Marble
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Elevator, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Microwave, Range, Refrigerator, Tankless Water Heater, Water Filtration System, Wine Refrigerator
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: No
  • Stories: 18
  • Window Features: Window Treatments
  • Street Number Modifier: 1111
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Media Room
  • Living Area Meters: 397.25
  • Room Count: 11

Exterior Features

  • Direction Faces: Southwest
  • Other Structures: Storage
  • Pool Features: Deck, Gunite, Heated, In Ground, Lighting
  • Exterior Features: Balcony, Lighting, Sliding Doors
  • Roof: Concrete
  • Pool Private: No
  • View: Water
  • Waterfront: No
  • Patio and Porch Features: Other, Porch
  • Road Surface Type: Asphalt, Paved
  • Disclosures: Condominium Disclosure Available, Other Disclosures, Seller Property Disclosure
  • Water Extras YN: 0
  • Water View: Bay/Harbor - Full
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2016-11-04
  • Flood Zone Panel: 12115C0133F

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Assigned, Covered, Ground Level, Guest, Off Street, Open, Under Building, Valet

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Clubhouse, Community Mailbox, Deed Restrictions, Fitness Center, Pool, Restaurant, Sidewalks, Special Community Restrictions, Tennis Courts
  • Association Amenities: Clubhouse, Elevator(s), Fitness Center, Maintenance, Pool, Recreation Facilities, Security, Storage, Vehicle Restrictions
  • Association Fee Frequency: Quarterly
  • Association Name: Ivana Podolska, Residences Manager
  • Phone: 941-309-2268
  • Association: Yes
  • Security: Fire Alarm, Fire Sprinkler System, Key Card Entry, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: Verify with Association - Tenants can not have pets.
  • Association Fee Requirement: Required
  • Condo Fees: 18067
  • Condo Land Included YN: 0
  • Max Pet Weight: 45
  • Association Email: Ivana.Podolska@ritzcarlton.com
  • Monthly Condo Fee Amount: 6022
  • Pet Size: Medium (36-60 Lbs.)

Fee Information

  • Total Annual Fees: 72268.00
  • Total Monthly Fees: 6022.33
  • Monthly HOA Amount: 0.00

Schools

  • Elementary School: Alta Vista Elementary
  • High School: Booker High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: DTB
  • Parcel Number: 2010014041
  • Additional Parcels: No
  • Lot Features: City Limits, In County, Near Golf Course, Near Marina, Near Public Transit, Paved
  • Property Attached Yn: No
  • Flood Zone Code: VE
  • Homestead YN: 1

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: Breed Restrictions, Number Limit, Size Limit, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Home can be rented 4 time per year

Tax Info

  • Tax Annual Amount: 31214
  • Tax Book Number: 35-20
  • Tax Lot: NA

Multi Family

  • Approval Process: Application and approval required

Map

About The Ritz-Carlton Residences

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $31,214 $2,172,948 -- --
2023 $31,214 $2,109,658 $0 $0
2022 $30,468 $2,048,212 $0 $0
2021 $30,809 $1,988,555 $0 $0
2020 $31,185 $1,961,100 $0 $1,961,100
2019 $32,056 $2,020,902 $0 $0
2018 $26,256 $1,651,041 $0 $0
2017 $35,176 $2,150,400 $0 $2,150,400
2016 $37,395 $2,273,400 $0 $2,273,400
2015 $34,429 $2,016,200 $0 $2,016,200
2014 $33,205 $1,680,389 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2025 02/07/25 Price Changed $5,275,000 +3.4% $1,234 / Sq Ft
12/12/2024 12/12/24 Price Changed $5,100,000 -3.8% $1,193 / Sq Ft
08/18/2024 08/18/24 Price Changed $5,300,000 -5.4% $1,239 / Sq Ft
07/01/2024 07/01/24 Price Changed $5,600,000 -5.1% $1,310 / Sq Ft
06/06/2024 06/06/24 For Sale $5,900,000 0.0% $1,380 / Sq Ft
05/21/2024 05/21/24 Off Market $5,900,000 -- --
04/26/2024 04/26/24 For Sale $5,900,000 0.0% $1,380 / Sq Ft
04/24/2024 04/24/24 Pending -- -- --
12/11/2023 12/11/23 Price Changed $5,900,000 -12.7% $1,380 / Sq Ft
08/04/2023 08/04/23 For Sale $6,760,000 -- $1,581 / Sq Ft
Source: Stellar MLS

Deed History

Date Type Sale Price Title Company
Warranty Deed $1,700,000 None Available
Deed $1,700,000 --
Warranty Deed $2,650,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,000,000 Credit Line Revolving
Source: Public Records

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Source: Stellar MLS

MLS Number: A4578738

Stellar MLS

APN: 2010-01-4041

Florida Sarasota County Sarasota 34236 Downtown Sarasota

1111 Ritz Carlton Dr Unit 1603, Sarasota, FL

Homes for Sale in Sarasota, FL

This home is located at 1111 Ritz Carlton Dr Unit 1603, Sarasota, FL 34236 and is currently priced at $5,275,000, approximately $1,233 per square foot. This property was built in 2001. 1111 Ritz Carlton Dr Unit 1603 is a home located in Sarasota County with nearby schools including Alta Vista Elementary School, Booker Middle School, and Booker High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

Bridget Spiess
Listing Agent
Bridget Spiess
Section Image
PREFERRED SHORE LLC
(941) 205-7191