$2,100,000
988 Blvd Of The Arts
Sarasota, FL 34236
Listing updated: June 27, 2026 at 12:32 AM ET
Listing courtesy of Bright Realty · John Brink · MLS #A4695584 · Active · 941-552-6036Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage spaces
Flood zone
About this home
Auction Property. NOT A FORECLOSURE. NOT A DISTRESSED SALE. NO AUCTIONEER. This is a privately marketed Luxury Reserve Auction where qualified buyers schedule private previews, complete inspections, and submit one confidential highest-and-best offer before the published July deadline. NO BUYER PREMIUM. To promote buyer confidence, the Due Diligence Package includes TWO INDEPENDENT APPRAISALS prepared by two separate State-Certified Appraisers — intended to inform, not determine, the final price. INSPECTIONS WELCOME PRIOR TO BID SUBMISSION. Beyond its innovative purchase process, Residence 109 offers luxury rarely found in Sarasota condominium living: ELEVATED PRIVATE GARDEN TERRACE, SOARING 10-FOOT CEILINGS, NO ELEVATOR REQUIRED, and a CONCEALED SCULLERY / SECOND KITCHEN hidden behind pocket doors with its own sink, dishwasher, wall oven, and prep space — keeping the main waterfront kitchen visually pristine while entertaining. Completed in 2026 following a comprehensive renovation, enjoy SARASOTA BAY SUNSETS AND RINGLING BRIDGE LIGHTS from both inside and outside. The PRIVATE OUTDOOR LIVING AREA sits elevated above resort amenities below with PRIVATE GATED ACCESS to two heated pools, two saunas, three fitness centers, tennis, and four pickleball courts. The community MARINA supports boating, kayaking, paddle sports, and direct Sarasota Bay access. Located adjacent to Sarasota's acclaimed 53-acre waterfront park, The Bay — with concerts, trails, dining, and 20+ restaurants and cultural attractions within 10 blocks. A transparent, buyer-friendly opportunity unlike any traditional auction.
Local Insight
At $907/sqft for a 1982 waterfront tower unit, you're paying a significant premium for that bay location and direct water access—this is notably higher than comparable inland Sarasota condos, so make sure the water views and boating lifestyle justify the cost. The AE flood zone designation is worth taking seriously; factor in flood insurance costs upfront and verify what elevation and mitigation measures the building has in place, since this will be an ongoing expense. The lack of HOA fees is unusual for a condo tower and a genuine plus, but a 42-year-old building means you should get a thorough reserve study and engineer's report to understand what major systems are aging and what special assessments might be lurking.
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 history0 days on market
- Status: ActiveJun 27, 2026
- Listed$2,100,000Jun 27, 2026
- Price increased$2,100,000
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Days on market
- 0
- Cumulative DOM
- 188
- Subdivision
- Condo On The Bay Tower Ii
- County
- Sarasota
- Year built
- 1982
- Living area
- 2,315 sq ft
- Price/sq ft
- $907
- Building area
- 4,115 sq ft (Estimated)
- Lot size
- 122,096 sq ft
- Flood zone
- AE (12115C0133G)
- Garage
- 2 spaces
- Annual taxes
- $10,648 (2025)
- Parcel #
- 2009096001
- Zoning
- DTB
- MLS #
- A4695584
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Interior Details
- Bedrooms
- 3
- Full bathrooms
- 2
- Half bathrooms
- 1
- Flooring
- Granite, Tile
- Appliances
- Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Refrigerator, Washer
- Interior features
- Ceiling Fans(s), Chair Rail, Crown Molding, Eat-in Kitchen, High Ceilings, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat, Walk-In Closet(s)
- Laundry
- Inside, Laundry Room
- Stories / Levels
- One
- Direction faces
- West
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
Parking
- Garage spaces
- 2
- Attached garage
- Yes
- Parking features
- Assigned, Boat, Covered, Electric Vehicle Charging Station(s), Golf Cart Parking, Ground Level, Guest, Basement, Underground
HOA & Financial
- Total monthly fees
- $2,240/mo
- Total annual fees
- $26,884
- HOA name
- Hope Aranguren
- CDD
- No
- Homestead exemption
- Yes
- Min lease term
- 1-2 Years
- Listing terms
- Cash
- Ownership
- Condominium
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- Board approval process.
- Approval process
- See condo rules and regs attached.
Exterior & Construction
- Exterior features
- Dog Run, Lighting, Playground, Private Yard, Sauna, Sliding Doors, Storage, Tennis Court(s)
- Construction materials
- Concrete
- Roof
- Membrane
- Foundation
- Slab
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Brick, Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Connected, Electricity Connected, Fiber Optics, Public, Water Connected
Community
- Pets allowed
- Cats OK, Dogs OK
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Bedroom 3 | First | |
| Bedroom 2 | First | |
| Primary Bedroom | First | |
| Kitchen | First | |
| Kitchen | First | |
| Dining Room | First | |
| Great Room | First |
Listing Details
- Listing date
- 2026-06-12
- On market date
- 2026-06-27
- Original list price
- $2,100,000
- Occupant type
- Owner
- Special conditions
- Auction
- MLS area
- 34236 - Sarasota
- Listing AOR
- Sarasota - Manatee
- Home warranty
- Yes
- Status changed
- 2026-06-27
- Tax legal description
- UNIT 109 CONDOMINIUM ON THE BAY TOWER 2
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
From Tamiami Trail turn west on Blvd Of The Arts. Turn left at the waterfront into the community. Drop your client off at "988" Building's Lobby Circle and then park in "988" parking on the backside of the 988 building. Owner will meet you in the "988" Building's Lobby.
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Listing provided by Stellar MLS
Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively 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.
Based on information submitted to the MLS GRID as of June 27, 2026 at 12:32 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.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
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