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1300 Benjamin Franklin Drive
Sarasota, FL 34236
$4,495,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
3550
Property Description
Experience resort-style living at the Beach Residences on Lido Beach, where luxury meets unparalleled convenience in this expansive fifth-floor oasis. Boasting the best of both worlds, this oversized residence offers the opulence and amenities of a Ritz-Carlton managed property while exuding the charm and privacy of a single-family home, complete with nearly 4,000 square feet of interior space and two garage parking spaces. Elevating coastal living to new heights, the Estate 04 floor plan presents a panorama of breathtaking beach to bay views that extend to the iconic skyline of downtown Sarasota. Stepping off the private elevator lobby, you are greeted by a grand foyer entry that leads seamlessly into the open living area, where floor-to-ceiling glass sliders flood the space with natural light and provide a seamless indoor-outdoor connection. The heart of the home, the eat-in kitchen, is bathed in sunlight and features an island, separate breakfast bar, tile backsplash, granite countertops, planning desk, and built-in ovens. The interior is adorned with wooden flooring throughout, crown molding, high ceilings, and a dedicated den complete with a wet bar and wine cooler. This lovely residence offers three bedroom suites thoughtfully spread across the layout in a split plan configuration to maximize privacy. The primary suite is a Gulf-front sanctuary, offering a tranquil retreat with double-door entry, his/her walk-in closets, separate office or bonus space, and a lavish en-suite bathroom with dual vanities, a makeup station, and a private water closet. Two outdoor lounge spaces, one overlooking the sparkling waters of Lido Beach and the other exclusively for guest suites, provide the perfect spots to unwind and soak in the coastal ambiance. Life at the Ritz-Carlton’s Beach Residences is synonymous with luxury and unparalleled service. This community further enhances the lifestyle with amenities such as 24-hour concierge services, manned guard gate entry, a stylish clubhouse with social room, catering kitchen, lounge, library, private theatre, fitness center, outdoor deck with a heated swimming pool/spa, grills, covered dining areas, and a dedicated residential management team committed to ensuring every need is met. Elegant guest suites are also available on a first-come basis to accommodate overnight visitors. For those seeking to elevate their luxury experience, membership in the Ritz Members Club unlocks additional features such as access to the golf and beach club. Beyond the refined confines of the Ritz-Carlton, residents are just moments away from Marina Jack, trendy eateries, shopping opportunities, and the rich cultural activities of the Theater District, Van Wezel Performing Arts Hall, Ringling Museum, and the pristine Gulf beaches, ensuring that every indulgence is within easy reach. Bedroom Closet Type: Walk-in Closet (Primary Bedroom).
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2005
MLS Number
A4606708
Location
Address
1300 BENJAMIN FRANKLIN DRIVE
City
SARASOTA
State
FL
Zip Code
34236
County
SARASOTA (CITY)
Listing
Provider
Coldwell Banker, original listing
Name
Coldwell Banker
Phone
(813) 754-3586
Office Name
COLDWELL BANKER REALTY
Office Phone
(941) 383-6411
Agent Name
Roger Pettingell

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.