NOT LISTED FOR SALE

Bay Plaza 1255 N Gulfstream Ave Unit 402 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $1,561,807 - $1,685,000

3 Beds
3 Baths
2,062 Sq Ft
$1,559/mo HOA Fee

Last Sold October 19, 2021

Last sale price $880,000 $427 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $11,764/month

191 Days on Market

Highlights

  • 80 Feet of Waterfront
  • White Water Ocean Views
  • In Ground Spa
  • Booker High School Rated A-
  • Fitness Center
  • 4-minute walk to Five Points Park

About This Home

As of October 2021

Rare opportunity to be in the heart of downtown Sarasota with the opportunity to make it your own! Bring an architect and an interior designer to help make your dreams of downtown living a reality. This 3 bedroom condo features stunning views of downtown Sarasota, Sarasota Bay, and Marina Jack. This spacious unit features 3 bedrooms, 3 full bathrooms, and 3 expansive balconies to take in all of your fabulous views! You will enjoy plenty of storage with custom closet systems and over 2,000 square feet of living space. Imagine coming home after a full day of touring downtown. This condo is within close proximity to Van Wezel Performing Arts Center, the Sarasota Opera House, world-renowned restaurants, St. Armand's Circle, Whole Foods, and the Sarasota Farmers Market! Luxury amenities include 24-hour concierge service, 24-hour free valet services, assigned garage parking, and an on-site manager. There is a heated pool, spa, fitness center, sauna, and steam rooms for all of your wellness needs. Come live the downtown Sarasota, Florida lifestyle.

Last Listed By

Brandy Coffey

KELLER WILLIAMS ISLAND LIFE REAL ESTATE License #3340741 Listed on: 02/24/2021

KELLER WILLIAMS ISLAND LIFE REAL ESTATE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,195

Year Built

  • Built in 1982

Lot Details

  • West Facing Home
  • Condo Land Included

HOA Fees

  • $1,559 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Property Views

Home Design

  • Concrete Roof
  • Concrete Siding
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 2,062 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Dryer

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Parquet
  • Carpet
  • Porcelain Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Pool

  • In Ground Spa
  • Heated Pool

Outdoor Features

  • Access To Marina

Schools

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

Utilities

  • Central Heating and Cooling System
  • Fiber Optics Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, common area taxes, community pool, escrow reserves fund, insurance, internet, maintenance structure, ground maintenance, maintenance repairs, manager, pest control, pool maintenance, recreational facilities, sewer, trash, water
  • Robert Malan Association, Phone Number (941) 365-2448
  • Bay Plaza Community
  • Bay Plaza Subdivision
  • Rental Restrictions

Recreation

Pet Policy

  • Pets up to 25 lbs
  • Pet Size Limit
  • 2 Pets Allowed

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,195

Year Built

Built in 1982

Lot Details

0

HOA Fees

$1,559 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Concrete, Stucco
  • Fireplace: No
  • Living Area: 2062
  • New Construction: No
  • Year Built: 1982
  • Building Area Total: 2338
  • Directions to Property: Limited parking located around back of building: From Bayfront, head NE on Main St. Turn left onto Palm. Building will be on the left.
  • Status: Sold
  • Street Direction: N
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4492404?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4492404?w=Customer
  • Floor Number: 4
  • Homestead Y N: Yes
  • Number Of Pets: 2
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.97778
  • Price per Sq Ft: 426.77
  • Close to Original List Price Ratio: 0.88442
  • Ratio: Current Price\Building Area Total: 376.39
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Parquet, Porcelain Tile
  • Full Bathrooms: 3
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, Elevator, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Range, Refrigerator
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: In Ground
  • Spa Yn: Yes
  • Stories: 1
  • Street Number Modifier: 1255
  • Room Count: 10

Exterior Features

  • Direction Faces: West
  • Pool Features: Heated
  • Exterior Features: Balcony
  • Roof: Concrete
  • Pool Private: No
  • View: City, Water
  • Waterfront: Yes
  • Water View: Bay/Harbor - Full
  • Water Access: Marina
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Waterfront Frontage: 80
  • Water Frontage Feet Marina: 40
  • Water Frontage Feet Bay Harbor: 40

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Fiber Optics, Sewer Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Fitness, Pool
  • Association Fee Frequency: Quarterly
  • Association Name: Robert Malan
  • Phone: 9413652448
  • Association: Yes
  • Senior Community: No
  • Condo Fees: 4676
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: Yes
  • Monthly Condo Fee Amount: 1559
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 18704
  • Total Monthly Fees: 1558.67

Schools

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

Lot Info

  • Zoning: DTB
  • Parcel Number: 2027053027
  • Additional Parcels: No
  • Flood Zone Code: AE

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Number Limit, Size Limit, Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 25
  • Minimum Lease: 1-2 Years
  • Approval Process: ASSOC APPROVAL REQUIRED
  • Num Timesper Year: 1
  • Pet Restrictions: An Owner, Lessee, or Guest may own and maintain at Bay Plaza not more than two cats, small domestic birds, or one well behaved dog not to exceed 25 pounds in weight.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: N/A

Tax Info

  • Tax Annual Amount: 4194.7
  • Tax Book Number: 20-5
  • Tax Lot: 4B

Multi Family

  • Waterfront Features: Bay/Harbor, Marina

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 25, 2022
Sold by
Renita Ion
Bought by
Iai Properties Investors Llc
Total Days on Market
191
Current Estimated Value
$1,626,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,430,000
Outstanding Balance
$1,395,319
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
$273,342

Purchase Details

Listed on
Feb 24, 2021
Closed on
Oct 4, 2021
Sold by
Epstein Harriet and Freda Saphier Revocable Trust
Bought by
Renita Ion
Seller's Agent
Brandy Coffey
KELLER WILLIAMS ISLAND LIFE REAL ESTATE
Buyer's Agent
Lisa Garcia
COLDWELL BANKER REALTY
List Price
$900,000
Sold Price
$880,000
Premium/Discount to List
-$20,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.93%
Original Mortgage
$748,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 1998
Sold by
Saphier Freda
Bought by
Saphier Freda

Purchase Details

Closed on
Aug 31, 1998
Sold by
Saphier Freda
Bought by
Saphier Freda

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Iai Properties Investors Llc $740,200 --
Renita Ion $880,000 Attorney
Saphier Freda -- --
Saphier Freda -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iai Properties Investors Llc $1,430,000
Previous Owner Renita Ion $748,000
Previous Owner Saphier Freda $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2021 10/19/21 Sold $880,000 -2.2% $427 / Sq Ft
09/02/2021 09/02/21 Pending -- -- --
08/03/2021 08/03/21 For Sale $900,000 0.0% $436 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
06/18/2021 06/18/21 For Sale $900,000 0.0% $436 / Sq Ft
06/09/2021 06/09/21 Pending -- -- --
05/05/2021 05/05/21 Price Changed $900,000 -5.3% $436 / Sq Ft
04/21/2021 04/21/21 Price Changed $950,000 -4.5% $461 / Sq Ft
02/23/2021 02/23/21 For Sale $995,000 -- $483 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

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 $13,552 $935,000 -- $935,000
2023 $13,552 $894,800 $0 $894,800
2022 $11,130 $727,300 $0 $727,300
2021 $9,889 $619,000 $0 $619,000
2020 $4,195 $285,051 $0 $0
2019 $4,079 $278,642 $0 $0
2018 $4,006 $273,447 $0 $0
2017 $3,956 $267,823 $0 $0
2016 $3,987 $618,700 $0 $618,700
2015 $4,044 $567,100 $0 $567,100
2014 $4,036 $254,605 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brandy Coffey

    Seller's Agent in 2021

    Brandy Coffey

    KELLER WILLIAMS ISLAND LIFE REAL ESTATE

    (941) 284-4474

    12 in this area

    1,018 Total Sales

    Brandy Coffey
    Section Image
  • Lisa Garcia

    Buyer's Agent in 2021

    Lisa Garcia

    COLDWELL BANKER REALTY

    (941) 266-9060

    8 in this area

    54 Total Sales

    Lisa Garcia
    Section Image
See All Agents

About Bay Plaza

Map

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Source: Stellar MLS

MLS Number: A4492404

Stellar MLS

APN: 2027-05-3027

Florida Sarasota County Sarasota 34236 Downtown Sarasota

1255 N Gulfstream Ave Unit 402, Sarasota, FL

Homes for Sale in Sarasota, FL

This home is located at 1255 N Gulfstream Ave Unit 402, Sarasota, FL 34236 since 24 February 2021 and is currently estimated at $1,626,202, approximately $788 per square foot. This property was built in 1982. 1255 N Gulfstream Ave Unit 402 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