Ritz-Carlton penthouse sells for $5 million

Sale is highest for Lido Beach building.

  • By Observer Staff
  • | 3:45 p.m. April 30, 2018
  • Sarasota
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A penthouse at the Ritz-Carlton Beach Residence building on Lido Key sold last week for $5 million, the highest-priced sale ever in that building.

Roger Pettingell of Coldwell Banker Residential Real Estate represented both the buyer and the seller in the transaction that was completed on Friday, April 27.

The penthouse offers 4,200 square feet of living space and features a pair of terraces overlooking the beach from 1300 Benjamin Franklin Drive. According to MLS records, the home was listed in early April for $5,495,000.

The 12th floor unit has three bedrooms and 3½ baths. From the eastern facing windows, views of Sarasota Bay can be seen, and western windows feature the Gulf of Mexico.

“The luxury market continues to be strong in Sarasota,’’ Pettingell said in a release.  “There are several factors affecting the market, including increased buyer wealth due to the rising stock market; the new tax law; the awful winter weather up north; and the never-before availability of prime A+ properties for sale.”

 

One of the property's terraces overlooks the Gulf of Mexico.
One of the property's terraces overlooks the Gulf of Mexico.
The main living spaces look to the west.
The main living spaces look to the west.
The main living spaces look to the west.
The main living spaces look to the west.
The penthouse offers two private terraces.
The penthouse offers two private terraces.
The main living spaces look to the west.
The main living spaces look to the west.
A private elevator connects the ground floor to the 12th-floor living space.
A private elevator connects the ground floor to the 12th-floor living space.
The kitchen features granite countertops, Sub-Zero refrigerator, double built-in Dacor ovens with warming drawer, gas cooktop, island, breakfast bar and planning desk.
The kitchen features granite countertops, Sub-Zero refrigerator, double built-in Dacor ovens with warming drawer, gas cooktop, island, breakfast bar and planning desk.
The home offers 4,200 square feet of living space.
The home offers 4,200 square feet of living space.
Gulf-to-bay views.
Gulf-to-bay views.
Bedrooms overlook the beach.
Bedrooms overlook the beach.
Guestroom overlooks Sarasota Bay.
Guestroom overlooks Sarasota Bay.
Nighttime views.
Nighttime views.
Ritz-Carlton Beach Residences, 1300 Ben Franklin Drive
Ritz-Carlton Beach Residences, 1300 Ben Franklin Drive

 

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