50 Central AVENUE, #16S, Sarasota, FL, 34236 | $4,985,000

The owner of this magnificent penthouse condominium wanted to completely transform this living space and after offering an open checkbook, hired the award-winning interior styling firm, JKL Interior Design, to elevate the level of fine appointments and finishes. The results of this arduous task are absolutely exquisite. Everything, and I mean everything, has been reimagined. At over 4, 000 square feet, this unit boasts three suites, large expansive rooms, an abundance of natural light and comes with three wide, side-by-side parking spaces, along with an extra-large air-conditioned storage room. The building, Plaza at Five Points, is located in the very spot where early Sarasota land planners drove a stake in the ground and platted the entire city. It all started right here. At Plaza Five, you’ll find 49 residential units, three levels of professional office space, plus a restaurant and additional service providers on the ground floor. The building is located on Main Street, so downstairs is downtown. You’ll find everything you need within walking distance - a grocery store, public library, opera house, and a multitude of culinary hotspots. As you enter unit 16S, you’re immediately drawn to the expansive French Oak flooring that goes on forever. There are oversized walls for art, beautifully illuminated with recessed LED channel lighting. The dining room is inviting and open, as it spans nearly 23 feet in length. This area flows seamlessly into the spacious great room and living room area. And then you see the kitchen and what a work of art this space exhibits! It’s breathtaking. Here you’ll find metropolitan-styled, custom solid wood cabinetry cloaked with soapstone and Panda marble countertops. These counters cascade down to the floors with waterfall stone panel edging. The kitchen is striking in design and features Dacor professional appliances, a natural gas six-burner cooktop and a sleek service bar that’s outfitted with an ice maker. There are two islands of grand scale and each measures 15 feet. The light fixtures, cabinet finishes, layout and design proportions all blend seamlessly to create a kitchen that would pair beautifully on the front cover of Architectural Digest. After touring the secondary bedroom suites, which are impeccably detailed, along with visiting the pantry room and laundry, which are filled with utility and function, it's off to the room of rooms – the primary bedroom salon. This isn’t any ordinary owner’s suite, it’s art and design at a pedigree level. You start with the entry vestibule which features an oversized linen cabinet and from there, you’re ushered into the bedroom which is supported by a tastefully outfitted wardrobe fashion closet, an additional walkin closet and an office studio, all with outdoor access to the private terrace. Next is the gorgeous primary bath. The chromatic playfulness of mono colors is executed flawlessly. From the flooring to the elevated deep soaking tub that fills water from the ceiling, dual-entry glass-lined shower vanities, and make-up station, this bath is what you’d expect from a fine spa. With everything this condominium offers, it’s a residence you’re going to want to see for yourself. The building offers valet parking, a front desk steward, secure parking, a heated pool and spa, an Olympic-style fitness room, a community room with a catering kitchen, an outdoor gazebo, a conference room, an outdoor grilling station and a guest suite that can be reserved by the week.

Features

  • Elevator: Y
  • Heating: Central, Electric, Zoned
  • Cooling: Central Air, Zoned
  • Levels: 17
  • Amenities: Elevator(s), Fitness Center, Maintenance, Pool, Recreation Facilities, Security, Spa/Hot Tub
  • Rooms: 9
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: Laundry Room
  • Complex: PLAZA AT FIVE POINTS RESIDENCES
  • Year Built: 2005
  • Common Charge: $14,474 Quarterly
  • Approx Sq. Feet: 4,099
  • Est. Taxes: $25,298
  • Lot Desc: City Lot, Landscaped, Near Marina, Near Public Transit, Sidewalk
  • View: City, Park/Greenbelt, Pool, Water
  • Elem. School: Alta Vista Elementary
  • Middle School: Booker Middle
  • High School: Booker High
  • Pet Policy: Cats OK, Dogs OK, Size Limit
  • Appliances: Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer, Water Filtration System, Wine Refrigerator
  • MLS#: A4628358
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A4628358/50centralavenue_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 11/14/2024 12:15:29 AM)
Listing courtesy of PREMIER SOTHEBYS INTL REALTY   Phone: 941-364-4000

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NMLS Mortgage Loan Originator ID 16953

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50 Central AVENUE, #16S, Sarasota, FL, 34236

$4,985,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,988,000 $3,988,000 $3,988,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.250% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.321% 6.360% 6.956%
Monthly Tax Payment $2,108 $2,108 $2,108
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $25,866 $24,555 $35,290
Total Monthly Payment $28,099 $26,788 $37,523

* 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.