1255 N GULFSTREAM AVENUE, #407, Sarasota, FL, 34236 | $1,000,000

Welcome to Bay Plaza! Conveniently located in the center of downtown with full unparallel water views. This condominium boasts an exceptional living experience with great amenities that include a grand circular motor court with valet service, attendant garage parking, fine concierge service, and much more. Escape and unwind from everyday life in this condo within walking distance to a vibrant culinary, cultural, and art scene. This 4th-floor residence presents a spacious floor plan, with breathtaking western views of the bay and city skyline. Spanning 1, 629 square feet, the home features two generously sized bedrooms, two bathrooms, separate dining room, and two private terraces. As you enter, you’re welcomed by a large airy living space illuminated by floor-to-ceiling newly hurricane impact-rated sliding doors and windows. The seamless flow continues to an expansive, tiled terrace that provides sweeping views of Sarasota Bay, Marina Jack, the iconic Ringling Bridge, and the sparkling city lights in the distance. It’s the perfect setting for entertaining. The extended galley kitchen offers solid counter tops, stainless steel appliances, wood cabinets, extra storage, and space for a desk. The kitchen, with its adjacent dining area, is ideal for hosting family and friends. The generously-sized owner’s suite offers direct access to the private terrace, along with a large walk-in closet, dual vanities, a soaking tub, and a walk-in shower. The thoughtfully designed split floor plan also includes a guest room and bath, offering a peaceful retreat for visitors. Bay Plaza offers a lifestyle enhanced by legendary services and amenities including 24-hour valet parking, front desk attendants, on-site property management, and a beautiful lounge and library area. The fully equipped fitness center, complete with a sauna and steam room, provides ultimate relaxation. The heated pool and spa, combined with a community recreation area and covered grilling station, ensure that every day feels like a vacation. Convenience is key at Bay Plaza, with assigned parking, extra storage, bicycle storage, and EV charging stations available for residents. The condominium boasts exceptional walkability, with easy access to the waterfront boardwalk, diverse dining options, and the rich cultural events of downtown Sarasota. This ideal location simply elevates the entire appeal of Bay Plaza waterfront living. It truly stands as both a destination and a place to call home.

Features

  • Elevator: Y
  • Heating: Central
  • Cooling: Central Air
  • Levels: 14
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: In Kitchen
  • Complex: BAY PLAZA
  • Year Built: 1982
  • Approx Sq. Feet: 1,629
  • Est. Taxes: $12,181
  • Condo Fee: $8,224 Quarterly
  • Lot Desc: City Lot, Sidewalk
  • View: Water
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • MLS#: A4642115
  • Days on Market: 48 days
  • Website: https://www.raveis.com
    /prop/A4642115/1255ngulfstreamavenue_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 5/1/2025 4:32:16 PM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-951-6660

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

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Our Insurance Division:

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1255 N GULFSTREAM AVENUE, #407, Sarasota, FL, 34236

$1,000,000

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 $800,000 $800,000 $800,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.000% 6.375% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.799% 6.511% 6.349%
Monthly Tax Payment $1,015 $1,015 $1,015
H/O Insurance Payment TBD TBD TBD
Initial Principal & Interest Pmt $4,796 $4,991 $6,805
Total Monthly Payment $5,903 $6,006 $7,820

* 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.