3 months on rocket

505 S Orange Ave Unit 903, Sarasota, FL, 34236

$1,995,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths, 1 Partial
3,003 SqFt
$664/SqFt
Condo
Schools Nearby

Location

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505 S Orange Ave Unit 903, Sarasota$1,995,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingElectric Vehicle Charging Station(s), Reserved, Under Building
Attached Garage2 spaces
Year Built2007
HeatingCentral, Electric
CoolingCentral Air
FireplaceDecorative, Electric, Insert, Living Room, Non Wood Burning
ViewCity, Pool, Water
MLS #A4593595
StatusActive

About 505 S Orange Ave Unit 903

Welcome to KANAYA at the intersection of Luxury, Lifestyle and Location. LOOKING TO PURCHASE A BEAUTIFUL DOWNTOWN CONDOMINIUM WITH GREAT FINANCIALS, WELL FUNDED, PASSED THE MILESTONE REPORT IN 2023, This West and South facing 9th floor unit enjoys vistas of the East, South and West to include Bay views with plenty of sunshine and no shadows of other buildings! Schedule a visit to see this superior end unit - 3003 square feet, 3 bedrooms, 3.5 bath, plus office/den and sporting panoramic views of Downtown Sarasota and Sarasota Bay. Your semiprivate elevator will deliver you to your private vestibule/foyer that sets the stage for a truly exceptional experience! Architectural soffit lighting accents the living and dining rooms which includes a custom built-in Fret Carved Cherry entertainment center with décor fireplace, camouflage tv cabinet, and extra high quality stereo equipment. Crown moulding and a well-positioned wet bar are additional features. From here, step outside to the large Travertine base terrace possessing joyful Southern and Western views and is complete with remote controlled storm screens. For the bon vivant, your well-appointed kitchen includes an array of Miele appliances including 4 wall ovens (convection, microwave, steam and warming drawer), cooktop with grill and serving warmer, elevated cabinet dishwasher, wine and drink cooler, cabinet ice maker Plus a cabinet faced, Sub Zero refrigerator. Cherry and dove grey cabinetry accent this gourmet kitchen with upper cabinets...some glass faced. Solid surface counters, glass tile backsplash, a butler’s pantry and island complete the picture. The primary suite includes a 13x10 private study with built in desk, credenza and bookcases, a large corner bedroom with south and western exposure and separate access to the large balcony, an owner’s bath suite with soaking tub, shower with transom window, water closet, two vanities, pearl blue tile walls and an oversized walk-in closet that’s completely built out. On the east end you will explore two more-bedroom suites, one with built-in window seat, bookcase and storage drawers. Both bedrooms have en suite baths and access to a south and east facing balcony. There is a well-placed powder room as well. For amenities, the building offers a mesmerizing 16th floor roof-top balcony, featuring entertainment centers, lounge seating and splendid views of the city, fireworks, and Sarasota’s barrier islands and iconic bridge. You also have full access to the south facing 65-foot heated pool, huge sunbathing deck, shower/sauna, yoga room, gym, and indoor clubhouse kitchen. Modern construction boasts an abundance of impact glass windows and doors throughout. A deeded storage room down your service corridor, a large laundry room with cabinetry and a wash tub and two dedicated parking garage spots - one with an electric car charger are extra benefits. The Kanaya Condo Building...owners and management recently had the Milestone report performed by Karins Engineering and PASSED with very positive results (please see the MLS attachment). The entire building was sealed, caulked and painted within the past 2 years. Entire building has impact glass and backup generator to perform partial lighting and power. This beautiful home is an exceptional downtown value.

Property Details

Property Features

Property Information:

  • Year Built: 2007
  • Stories: 1
  • Living Area: 3,003 SqFt

Listing Office:

  • Office Name: FINE PROPERTIES
  • Office Phone: (941) 782-0000
  • Listing Agent: Scotty Ledford

Interior Features

Interior Information:

  • Appliances: Bar Fridge, Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Indoor Grill, Microwave, Refrigerator, Washer, Wine Cooler
  • Flooring Type: Bamboo, Tile
  • Interior: Built-in Features, Crown Molding, Eat-in Kitchen, Elevator, High Ceilings, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s), Wet Bar, Window Treatments
  • Fireplace: Decorative, Electric, Insert, Living Room, Non Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City, Pool, Water
  • Exterior: Lighting, Outdoor Kitchen, Outdoor Shower, Private Mailbox, Sidewalk, Sliding Doors

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Electric Vehicle Charging Station(s), Reserved, Under Building

Virtual/3D Tour

  • 3D Tour: 505 S Orange Ave Unit 903

3D Tour

Lot Features

Lot Information:

  • Lot: Historic, City Lot, Near Marina, Near Public Transit, Sidewalk, Paved

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Sarasota High School, Public District Grades 9-12
  • Booker Middle School, Public Magnet Grades 6-8
  • Southside Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From downtown Main and Orange, drive south on Orange to Kanaya on the left. There is a vacant parking lot to the left of the building.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,995,000
  • Price Per SqFt: $664/SqFt

Tax Information:

  • Annual Amount: $15,195
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Sarasota, FL.

Med. Sold Price

$513.2K

Med. Price/SqFt

$305

Avg. Days On Market

62

# of Sold Homes

531

505 S Orange Ave Unit 903 vs Sarasota

111 DAYS ON ROCKET

+49 Days

$1,995,000

+$1.4M More

$664/SqFt

+$359 More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $359/SqFt more than other homes in Sarasota, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #A4593595

Listing Office:

  • Office Name: FINE PROPERTIES
  • Office Phone: (941) 782-0000
  • Listing Agent: Scotty Ledford

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 4/29/2024, 11:19:22 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 05, 2015Home Sold
$1,200,000
Feb 21, 2007Home Sold
$975,000

Tax History

YEARPROP. TAXASSESSMENT
2020$15,195$967,700
2019$14,974$956,341
2018$14,734$938,509
2017$14,567$919,206

History based on county public records data.

Payment Calculator

$10K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,048

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3069976
10
/10
  • Southside Elementary School

  • 1901 Webber St

  • 1.70 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3069977
2
/10
  • Booker Middle School

  • 2250 Myrtle St

  • 2.65 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-3069978
4
/10
  • Sarasota High School

  • 1000 S School Ave

  • 0.88 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $84,075. Typical income of Sarasota, FL residents is between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 S Orange Ave Unit 903

What is the listing price of this property?

The listing price of 505 S Orange Ave Unit 903 property is $1,995,000.

What type of property is this?

The property 505 S Orange Ave Unit 903 is a condo located in Sarasota, Florida, 34236.

Is this property for sale now?

Active Listing: 505 S Orange Ave Unit 903 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 505 S Orange Ave Unit 903 are:
Southside Elementary School: GreatSchools Rating 10/10
Booker Middle School: GreatSchools Rating 2/10
Sarasota High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $15,195 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 5, 2015 for $1,200,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 505 S Orange Ave Unit 903 has 3 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 505 S Orange Ave Unit 903 is 3,003 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 S Orange Ave Unit 903 is 2007.

Rocket HomesFloridaSarasota CountySarasota34236505 S Orange Ave Unit 903

This home is located at 505 S Orange Ave Unit 903 in Sarasota, FL and zip code 34236 in the Burns Square neighborhood. This 3,003 square foot home was built in 2007. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 09, 2024 and is currently priced at $1,995,000.

While more than 30 listings in Sarasota, FL in March 2024 were sold above asking price, there were more than 87 listings sold at asking price, and more than 414 were sold below. The number of homes for sale in Sarasota, FL increased by 3.8% between February 2024 and March 2024. Listings spent 62 days on the market in March 2024, and had a median list price of $513,207 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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