$2,499,000
35 Watergate Drive
Sarasota, FL 34236
Listing updated: May 13, 2026 at 9:56 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage spaces
Flood zone
About this home
Perfectly placed on the 15th floor of the Ritz-Carlton managed Tower Residences, this corner residence captures sweeping panoramas of Sarasota Bay, the Bayfront yacht basin, the downtown skyline, and vibrant city lights stretching toward the horizon. Spanning nearly 2,800 square feet, the open floor plan is designed to frame water and city views from nearly every room while offering comfortable spaces for both everyday living and entertaining. Travertine flooring flows throughout the main living areas, creating a cohesive foundation for the light-filled interior. The great room is surrounded by walls of floor-to-ceiling windows and glass sliders that open to the residence’s largest terrace, creating a seamless indoor-outdoor connection and an ideal setting for taking in Sarasota’s skyline and waterfront activity. Just beyond, the dining area is positioned to capture sweeping views while remaining conveniently connected to the kitchen. The chef’s kitchen blends functionality with timeless design, featuring natural wood cabinetry, granite countertops, stainless steel appliances, and a breakfast bar that opens to the living areas. This thoughtful layout encourages effortless entertaining while maintaining clear sightlines to the water and city skyline. All bedrooms feature bamboo hardwood flooring, offering warmth and contrast to the stone flooring in the main living spaces. The primary suite is privately positioned and serves as a relaxing retreat, complete with direct terrace access, dual walk-in closets, and a spacious marble en-suite bath with split vanities, soaking tub, and separate shower. The guest suite includes its own walk-in closet and a private terrace, while the third bedroom—currently arranged as a den or office—provides flexibility for guests or remote work. The residence includes two secure under-building parking spaces and an air-conditioned owner’s storage unit located on the third floor. Life at The Tower Residences offers the full benefit of Ritz-Carlton services and amenities. Residents enjoy concierge assistance, valet parking, and 24-hour room service from the adjacent Ritz-Carlton Hotel. Community features include a resort-style pool and spa (currently being updated), outdoor grilling and dining areas, an expansive social room with catering kitchen and fireplace, a theater, billiards and recreation room, elegant library and boardroom, and a fully equipped fitness center with locker rooms, sauna, steam room, and massage facilities. Located in the heart of downtown Sarasota, this residence places the city’s waterfront lifestyle just outside your door. Marina facilities are less than half a mile away, while nearby Bayfront Park, the Sarasota Opera House, Van Wezel Performing Arts Hall, and numerous galleries and theaters anchor the city’s vibrant cultural scene. St. Armands Circle’s boutiques and restaurants are less than two miles away, and the white sands of Lido Key and Longboat Key’s Gulf beaches are only minutes from the property—bringing the very best of Sarasota living within effortless reach.
Local Insight
At $893/sqft for a 2003-built condo with no HOA fees and water views on nearly 2 acres, you're getting unusual land value for Sarasota, but the AE flood zone is a serious consideration—expect mandatory flood insurance and potential elevation requirements if you renovate, which will meaningfully impact your true carrying costs. The size and age mean this property likely needs modernization to compete with newer inventory, so factor in realistic renovation budgets before comparing to recent sales. The zero HOA is genuinely rare and valuable for a waterfront property, making this worth a careful look if flood mitigation doesn't concern you and you're willing to invest in updates.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history62 days on market
- Status: ActiveMar 12, 2026
- Listed$2,499,000Mar 12, 2026
- Price increased$2,499,000
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Days on market
- 62
- Subdivision
- The Tower Residences
- County
- Sarasota
- Year built
- 2003
- Living area
- 2,799 sq ft
- Price/sq ft
- $893
- Building area
- 3,292 sq ft (Builder)
- Lot size
- 85,152 sq ft
- Flood zone
- AE (12115C0133G)
- Garage
- 2 spaces
- Annual taxes
- $26,067 (2025)
- Parcel #
- 2010015066
- Zoning
- DTB
- MLS #
- A4685943
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Interior Details
- Bedrooms
- 3
- Full bathrooms
- 3
- Flooring
- Travertine, Wood
- Appliances
- Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
- Interior features
- Ceiling Fans(s), Crown Molding, Eat-in Kitchen, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
- Laundry
- Inside, Laundry Room
- Stories / Levels
- One
- Direction faces
- East
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Garage spaces
- 2
- Attached garage
- Yes
- Parking features
- Electric Vehicle Charging Station(s), Garage Door Opener, Garage Faces Side, Ground Level, Guest, Portico, Basement, Valet
HOA & Financial
- HOA fee
- $0 / Quarterly
- Monthly HOA
- $0/mo
- Total monthly fees
- $4,619/mo
- Total annual fees
- $55,428
- HOA name
- Tsveta Bacheva - Resident Liason
- CDD
- No
- Min lease term
- 3 Months
- Ownership
- Condominium
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- SEE DOCUMENTS
- Approval process
- SEE DOCUMENTS
Exterior & Construction
- Exterior features
- Balcony, Lighting, Sliding Doors
- Construction materials
- Block, Stucco
- Roof
- Concrete
- Foundation
- Stilt/On Piling
- Water view
- Yes
- Road surface
- Brick, Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Underground Utilities, Water Connected
Community
- Pets allowed
- Breed Restrictions, Number Limit, Size Limit, Yes
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Foyer | First | |
| Great Room | First | 21x18 |
| Dining Room | First | 12x16 |
| Kitchen | First | |
| Primary Bedroom | First | 14x18 |
| Primary Bathroom | First | |
| Bedroom 2 | First | 14x15 |
| Bedroom 3 | First | 12x13 |
Listing Details
- Listing date
- 2026-03-06
- On market date
- 2026-03-12
- Original list price
- $2,499,000
- Occupant type
- Owner
- MLS area
- 34236 - Sarasota
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-03-12
- Tax legal description
- UNIT 1506, TOWER RESIDENCES THE
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
US 41 South, right onto N. Gulfstream Ave, right onto Sunset Dr, right onto Watergate Dr, building is on the left. Valet and guest parking is available.
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Based on information submitted to the MLS GRID as of May 13, 2026 at 9:56 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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