tomo logo

$5,300,000

Beds
3
Baths
3.5
sq ft
4,276

1111 Ritz Carlton Dr Unit 1603, Sarasota, FL 34236

1111 Ritz Carlton Dr Unit 1603

SARASOTA, FL 34236

  • 476 days on market
    • Price drop $300,000↓
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!!

Details

Property type

Condominium

Est. home value

$241,365

Lot size

Unknown

Price per sq ft

$1,240

Year built

2001

Annual property taxes

$31,214

Monthly HOA fee

$6,022.33

Price History

08/18/2024
StellarMLS

StellarMLS #A4578738

Price change
$5,300,000
-5.36%
07/01/2024
StellarMLS

StellarMLS #A4578738

Price change
$5,600,000
-5.08%
06/06/2024
StellarMLS

StellarMLS #A4578738

Listed
$5,900,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Alta Vista Elementary

Middle school: 

Booker Middle

High school: 

Booker High

Community features: 

Clubhouse, Fitness Center, Pool, Restaurant, Sidewalks, Tennis Court(s)

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$4,648,061
Asking price
$5,300,000
Closing costs (~8% of asking)
-$424,000
Est. remaining loan balance
-$227,939
Cash to seller
$4,648,061

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

September 2023

Original loan amount

$230,743

Est. remaining balance

$227,939

Interest rate

6.9%

Loan type

FHA, 30 year

Seller

Rafael Moreira and Madara Bajare

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

StellarMLS
$5,350,000
3 bd
|
3.5 ba
|
3,962 sq ft
|
Condo

540 N Tamiami Trl Unit 1702, Sarasota, FL 34236

StellarMLS
$4,985,000
3 bd
|
3.5 ba
|
4,099 sq ft
|
Condo

50 Central Ave Unit 16S, Sarasota, FL 34236

StellarMLS
$5,450,000
3 bd
|
3.5 ba
|
4,174 sq ft
|
Condo

50 Central Ave Unit 17PHC, Sarasota, FL 34236

Status: Active

Tomo last checked: 11/22/2024 at 11:20 AM

Listing updated: 08/21/2024 at 9:20 AM

Listed by: Bridget Spiess, PREFERRED SHORE LLC Phone #: (941) 999-1179

MLS: StellarMLS #A4578738

StellarMLS logo

Recently listed in SARASOTA