555 N ORANGE AVENUE, #307, Sarasota, FL, 34236 | $799,000

One or more photo(s) has been virtually staged. Welcome to Citrus Residences, a boutique 12-unit condominium with ground-floor retail, perfectly located in the heart of downtown Sarasota. Developed by Mark Pierce of Pierce Contracting and completed in 2021, this mixed-use building is one of the final additions to North Orange Avenue—nestled between Boulevard of the Arts and the original Citrus Square. Designed with a New Urbanist approach focused on sustainability, low density, and walkability, Citrus Residences brings a European-style architectural presence to Sarasota’s evolving skyline.

Constructed with solid concrete block and hurricane-impact windows and doors, this residence blends style with strength. Inside, you'll find 10-foot ceilings, solid core doors, ultra-quiet sound abatement, crown molding, high baseboards, and premium finishes. The kitchen includes Samsung stainless appliances, a convection double oven (that also doubles as an air fryer!), built-in microwave, push-button disposal, silestone countertops, and soft-close wood cabinetry. An east-facing 21x 5 balcony (105 total square feet of outdoor space) offers beautiful sunrises, with a retractable awning for use in any weather—accessible from both the living room and primary suite. The laundry closet holds a stacked Samsung washer/dryer, AC handler, and water heater—all new in 2021.

The primary ensuite features dual sinks, ample counter space, and a custom California Closet. The guest bedroom includes floor-to-ceiling built-ins, integrated lighting, and a second California Closet system—showcasing thoughtful, space-saving design.

One of the most compelling features of this home is its exceptionally low maintenance fees—just $1, 750 per quarter—an unmatched value in downtown Sarasota’s 34236 ZIP code. While similar properties carry significantly higher costs, Citrus Residences offers quality construction and amenities without the hefty dues. With no CDD fees, not in a flood zone, and a well-managed budget with strong reserves, this residence offers low-cost ownership in one of the city's most desirable locations.

Additional features include a gated entry, assigned carport (#307), guest parking, and a central courtyard perfect for relaxing or entertaining. Pet-friendly, the community allows two large dogs or cats per owner. A flexible rental policy—1-month minimum, up to 12 times per year—makes this a great option for seasonal, interim, or investment use.

Set steps away from Sarasota’s best: Ocean Prime, Sage, Rose and Ivy, Sugar Champagne Bar, Station 400, and Bijou Café, with the Sarasota Opera, Van Wezel, and Ringling Bridge nearby. Everything downtown has to offer—arts, dining, waterfront living—is right outside your door.

When classic design meets modern efficiency in a walkable, vibrant downtown setting, the result is Citrus Residences. With low costs, prime location, and superior construction, this is truly a rare downtown find—the unicorn of Sarasota condos.

Features

  • Elevator: Y
  • Heating: Central
  • Cooling: Central Air
  • Levels: 4
  • Amenities: Elevator(s), Gated, Maintenance
  • Rooms: 8
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Inside, Laundry Closet
  • Complex: CITRUS RESIDENCES PH I
  • Year Built: 2021
  • Approx Sq. Feet: 1,080
  • Acreage: 0.16
  • Est. Taxes: $6,296
  • Condo Fee: $1,750 Quarterly
  • Lot Desc: City Lot, Landscaped, Near Marina, Private
  • View: City
  • Elem. School: Alta Vista Elementary
  • Middle School: Booker Middle
  • High School: Booker High
  • Pet Policy: Cats OK, Dogs OK, Number Limit, Size Limit, Yes
  • Appliances: Built-In Oven, Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4651302
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A4651302/555norangeavenue_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/8/2025 12:37:33 PM)
Listing courtesy of CORCORAN DWELLINGS REALTY   Phone: 941-200-4663

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555 N ORANGE AVENUE, #307, Sarasota, FL, 34236

$799,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $639,200 $639,200 $639,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.375% 6.875% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.995% 7.037% 6.046%
Monthly Tax Payment $525 $525 $525
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,988 $4,199 $5,308
Total Monthly Payment $4,605 $4,816 $5,925

* 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.