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Sold for $1,895,000
  • $1,895,000

    505 S ORANGE AVENUE #903, SARASOTA, FL 34236

    3beds
    3,003sqft
    Condominium
    Built in 2007
    -- sqft lot
    $1,843,100 Zestimate®
    $631/sqft
    $7,691 Estimated rent

    Home value

    $1,843,100

    $1.68M - $2.03M

    $7,691/mo

    Zestimate® history
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    What's special

    Welcome to KANAYA at the intersection of Luxury, Lifestyle and Location. LOOKING TO PURCHASE A BEAUTIFUL DOWNTOWN CONDOMINIUM WITH GREAT FINANCIALS, WELL FUNDED and PASSED THE MILESTONE REPORT IN 2023 with the best possible report. 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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Scotty Ledford 941-400-7360,

    FINE PROPERTIES 941-782-0000,

    Bob Thurston 941-373-5648,

    FINE PROPERTIES

    Bought with:

    Michael Moulton, 0389959

    MICHAEL SAUNDERS & COMPANY

    Source: Stellar MLS,MLS#: A4593595MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Den/Library/Office, Dining Room, Utility Room, Storage Rooms
    Primary bedroom
    • Features: Built-In Shower Bench, Built-in Features, Makeup/Vanity Space, Rain Shower Head, Split Vanities, Stone Counters, Tub with Separate Shower Stall, Water Closet/Priv Toilet, Window/Skylight in Bath, Walk-In Closet(s)
    • Level: First
    Bedroom 2
    • Features: Shower No Tub, Single Vanity, Stone Counters, Window/Skylight in Bath, Walk-In Closet(s)
    • Level: First
    Bedroom 3
    • Features: Single Vanity, Tub With Shower, Walk-In Closet(s)
    • Level: First
    Balcony porch lanai
    • Level: First
    Balcony porch lanai
    • Level: First
    Den
    • Features: Built-in Features
    • Level: First
    Dining room
    • Features: Wet Bar
    • Level: First
    Foyer
    • Level: First
    Kitchen
    • Features: Breakfast Bar, Built-In Shelving, Exhaust Fan, Kitchen Island, Pantry, Stone Counters
    • Level: First
    Laundry
    • Features: Built-In Shelving, Sink - Pedestal
    • Level: First
    Living room
    • Features: Built-In Shelving
    • Level: First
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Bar Fridge, Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Indoor Grill, Microwave, Refrigerator, Washer, Wine Refrigerator
    • Laundry: Inside, Laundry Room
    Features
    • Built-in Features, Crown Molding, Eating Space In Kitchen, Elevator, High Ceilings, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s), Wet Bar
    • Flooring: Bamboo, Porcelain Tile
    • Doors: Outdoor Kitchen, Outdoor Shower, Sliding Doors
    • Windows: Blinds, Storm Window(s), Insulated Windows, Shades, Tinted Windows, Window Treatments
    • Has fireplace: Yes
    • Fireplace features: Decorative, Electric, Insert, Living Room, Non Wood Burning
    • Common walls with other units/homes: End Unit
    Interior area
    • Total structure area: 3,427
    • Total interior livable area: 3,003 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Electric Vehicle Charging Station(s), Reserved, Under Building
    • Attached garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Exterior features: Lighting, Outdoor Kitchen, Outdoor Shower, Private Mailbox, Sidewalk
    • Has view: Yes
    • View description: City, Pool, Water, Bay/Harbor - Partial, Gulf/Ocean - Partial
    • Has water view: Yes
    • Water view: Water,Bay/Harbor - Partial,Gulf/Ocean - Partial
    Lot
    • Features: Historic District, City Lot, Near Marina, Near Public Transit, Sidewalk
    Details
    • Parcel number: 2027104022
    • Zoning: DTC
    • Special conditions: None

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • Concrete
    • Foundation: Slab
    • Roof: Concrete
    Condition
    • Completed
    • New construction: No
    • Year built: 2007

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Electricity Connected, Fire Hydrant, Sewer Connected, Street Lights, Underground Utilities, Water Connected

    Community & HOA

    Community
    • Features: Buyer Approval Required, Clubhouse, Deed Restrictions, Pool, Sidewalks
    • Security: Fire Alarm, Gated Community, Smoke Detector(s)
    • Pet fee: $0 monthly
    • Subdivision: KANAYA
    HOA
    • Has HOA: Yes
    • Amenities included: Elevator(s), Fitness Center, Maintenance, Pool, Recreation Facilities, Sauna, Spa/Hot Tub
    • Services included: Community Pool, Reserve Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pool Maintenance, Private Road, Recreational Facilities, Sewer, Trash, Water
    • HOA fee: $2,199 monthly
    • HOA name: Kelly Lyons
    • HOA phone: 941-460-5560
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $631/sqft
    • Tax assessed value: $1,488,100
    • Annual tax amount: $15,168
    • Date on market: 1/8/2024
    • Cumulative days on market: 174 days
    • Listing terms: Cash,Conventional
    • Ownership: Condominium
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Paved, Asphalt

    Price history

    DateEventPrice
    9/16/2024Sold$1,895,000-5%$631/sqft
    Source: Stellar MLS #A4593595 Report a problem
    7/1/2024Pending sale$1,995,000$664/sqft
    Source: Stellar MLS #A4593595 Report a problem
    4/1/2024Price change$1,995,000-7.2%$664/sqft
    Source: Stellar MLS #A4593595 Report a problem
    1/9/2024Listed for sale$2,150,000+79.2%$716/sqft
    Source: Stellar MLS #A4593595 Report a problem
    5/5/2015Sold$1,200,000-11.1%$400/sqft
    Source: Public Record Report a problem
    11/15/2014Listed for sale$1,350,000+38.5%$450/sqft
    Source: ERA Waterside Realty #A4106791 Report a problem
    2/21/2007Sold$975,000$325/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$14,798 -5.1%$988,100 -7.2%
    2024$15,599 +2.8%$1,064,426 +3%
    2023$15,168 +2.7%$1,033,423 +3%
    2022$14,770 -0.9%$1,003,323 +3%
    2021$14,910 -1.9%$974,100 +0.7%
    2020$15,195 +1.5%$967,700 +1.2%
    2019$14,974 $956,341 +1.9%
    2018$14,974 +1.6%$938,509 +2.1%
    2017$14,734 +8.2%$919,206 +2.1%
    2016$13,611 $900,300 +1.5%
    2015$13,611 $887,300 +54.5%
    2014$13,611 +16.6%$574,420
    2013$11,674 +26.7%$574,420 +10%
    2012$9,216 +2.8%$522,200 +0.8%
    2011$8,969 -14.4%$517,800 -13.2%
    2010$10,472 -22.8%$596,700 -16.8%
    2009$13,568 $717,200 -14.1%
    2008$13,568 $835,000
    Find assessor info on the county website

    Neighborhood: Downtown

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Southside Elementary
    • Middle: Booker Middle
    • High: Sarasota High

    Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $1,843,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,843,100