Lido condo sells for $3.97 million

A Ritz-Carlton Beach Residences condominium on Lido Key sold for $3.97 million this week, making it the highest sale for the Beach Residences since 2006, according to Coldwell Banker Residential Real Estate.

The unit 801 condo at 1300 Benjamin Franklin Drive, which represents the fifth-highest condo sale in Sarasota this year, has 4,194 square feet of living area, three-and-a half-baths, two terraces, marble and wood flooring, a gas fireplace and a custom gourmet kitchen.

Judy Kepecz-Hays of Coldwell Banker’s Longboat Key Previews office closed the sale.

The buyer was not disclosed and the unit was owned by Big Family Holdings LLC of Bayville, N.J.

Contact Kurt Schultheis at [email protected].