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One or more photo(s) has been virtually staged. Luxury Living in the Heart of Downtown Sarasota. Discover an exceptional opportunity to own a stunning one-bedroom, two-bathroom condo in the heart of downtown Sarasota. This meticulously remodeled residence blends modern elegance with ultimate comfort, offering a bright, airy, and sophisticated ambiance from the moment you step inside. The open floor plan is designed to impress, featuring exquisite crown molding, premium tile flooring, and automated shades that enhance both style and convenience. The chef-inspired kitchen is a masterpiece, boasting sleek quartz countertops, high-end appliances, and ample storage to meet all your culinary needs. Both bathrooms have been beautifully upgraded with intricate tile work, adding to the home’s luxurious feel. Thoughtfully designed, the unit also includes spacious walk-in closets, custom built-ins, and a private patio, perfect for enjoying your morning coffee or unwinding with a glass of wine while taking in beautiful sneak-peek views of Sarasota Bay, the iconic "Unconditional Surrender" statue, and the serene Bayfront Park. Adding to its allure, this unit is located on the same level as the pool, providing convenient access to the expansive pool deck while offering beautiful peek-a-boo views of Sarasota Bay. The community is also in the process of upgrading its outdoor amenities with gorgeous new chaise lounges, outdoor dining tables, umbrellas, and more, creating a resort-style retreat right outside your door. Situated within The 101 Condominium, this exclusive residence is part of a highly sought-after community known for its sophisticated upgrades and exceptional amenities. Residents enjoy access to a state-of-the-art gym, yoga room, library, movie theater, elegant social room, heated swimming pool, outdoor grill area, and dedicated concierge and maintenance services. The building has recently undergone an $8 million modernization project, including a beautifully renovated lobby and extensive structural enhancements, making it one of the most desirable condominiums of its era in Sarasota. Additionally, The 101 has successfully passed its milestone inspections and is nearing the completion of an exterior stucco replacement and painting project, ensuring long-term peace of mind. Beyond the building, an exciting urban lifestyle awaits. This condo is ideally positioned in Sarasota’s most walkable neighborhood, just steps away from Marina Jack’s world-class marina, the lush beauty of Island Park, and the renowned Gallery Row on Palm Avenue. Whether you enjoy fine dining, boutique shopping, cultural attractions, or Sarasota’s pristine beaches, everything is within easy reach. With its move-in-ready condition, unbeatable location, and luxurious upgrades, this condo is a rare find in a city often described as paradise. Offering a lifestyle comparable to nearby million-dollar residences at a fraction of the cost, this is your chance to experience downtown Sarasota living at its finest. Don’t miss out on this exceptional opportunity—schedule your private showing today!
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $439,920 | $439,920 | $439,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.906% | 7.025% | 6.026% |
Monthly Tax Payment | $479 | $479 | $479 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,673 | $2,890 | $3,653 |
Total Monthly Payment | $3,244 | $3,461 | $4,224 |
* 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.