Condo / High-rise home in SARASOTA, FL
Set in SARASOTA, FL, this Condo condo provides 4 bedrooms and 3 bathrooms across 4,943 square feet. The Condo styling carries through the home's design.
| Price | $3,495,000 |
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| Beds | 4 |
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| Baths | 3 |
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| Sqft | 4943 |
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| Architectural style | Condo / High-rise (99% match) |
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| Address | 1111 Ritz Carlton Drive Unit 1704, SARASOTA, FL 34236 |
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Why buy this home
- Confirmed Condo / High-rise architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Estately.
Is this a good buy?
Priced above comparable homes.
- At $3.5M, this home is 703% above the $435K median for 244 similar Condo / High-rise homes in Sarasota, FL.
- That works out to $707 per square foot, 77% above the $399 comparable rate.
- New to market (4 days), so expect competition.
| This home | $3,495,000 |
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| Condo / High-rise median in Sarasota, FL | $435,000 (244 homes) |
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| Price per sq ft | $707 vs. $399 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $23,092/month with 20% down at a 7.28% 30-year fixed rate. You would need about $989,639 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $19,131/mo |
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| Property tax (new-buyer reassessed rate) | $2,650/mo |
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| Homeowners insurance | $1,311/mo |
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| Total monthly | $23,092/mo |
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| Down payment (20%) | $699,000 |
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| Income needed | $989,639/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C+ (61 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C+ (61/100) |
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| Beats renting in | 12% of modeled paths |
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| Modeled 5-yr equity (median) | $1,623,540 |
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| Range (10th to 90th pct) | $966,905 to $2,425,010 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward US where local data is thin.
Local home values
Typical home values in United States have risen about 20% over the past 5 years (+1% in the last year), per the Zillow Home Value Index. This reflects the national market, not this specific home.
View this home on Estately