Posted on December 17, 2024

A Year of Success for The Ritz-Carlton Residences, Sarasota Bay Reaching Over $147 Million in Sales

The Ritz-Carlton Residences, Sarasota Bay is celebrating a highly successful first year on the market. Released in early 2024, this 20-story waterfront condominium in Sarasota’s walkable waterfront district has quickly garnered sales momentum. Generating over $147 million in sales during its debut year, the community has established itself as the most sought-after destination for those seeking a refined, highly-serviced lifestyle in the heart of Downtown Sarasota. Here’s a look at the exceptional design elements that have led to a remarkable success and an early construction start:

Raising Expectations in a High-Demand Market

In downtown Sarasota, The Ritz-Carlton Residences, Sarasota Bay has achieved notable off-season sales momentum. Buyers from around the world are not only drawn to the condominium’s exceptional design and innovative amenities, but also to the expertise of its development team. Kolter Urban, a driving force in Sarasota’s transformation over the past decade, has delivered prominent projects like VUE Sarasota Bay, Mark Sarasota, The Ritz-Carlton Residences Sarasota, and Bayso. With a 26-year legacy and a portfolio exceeding $6.3 billion across the Southeast, their reputation instills confidence. Kolter’s general contractor, Moss Construction is also an industry leader recognized for award-winning projects including the St. Regis Resort and Residences Longboat Key and the JW Marriott Clearwater Beach.

Budge Huskey, CEO of Premier Sotheby’s International Realty, notes, “The expertise of these industry leaders, combined with The Ritz-Carlton’s lifestyle experience, is unmatched. We’re also seeing increased interest from residents who currently live on the barrier islands, but are making the move to downtown for a variety of reasons.”

Spacious Homes with Sarasota Bay Views

As the second private Ritz-Carlton residential tower at The Quay, this landmark property features 78 residences ranging from 3,500 to just under 6,000 square feet. Renowned architecture firm SB Architects designed each open-flow floorplan to be perfect for both entertaining and daily living. High ceilings, airy interiors, and large terraces with built-in outdoor grills ensure a sophisticated lifestyle, while stunning panoramic views of Sarasota Bay are always on display. Residents will enjoy exceptional privacy with access-controlled elevators and separate service elevators for deliveries.

Cutting-Edge Health and Wellness Offerings

The residential tower includes an impressive array of lifestyle amenities within the building. The Lobby-level Social Club Room offers a space for casual gatherings, while the Formal Social Room provides an elegant venue for private events. The elevated waterfront terrace boasts breathtaking harbor and Sarasota Bay views from the resort-style pool, spa, and gathering areas. Unique to the building, a private service kitchen will offer gourmet menus and casual fare delivered directly to residences or throughout the community’s common areas. Additional amenities will include a dog park with a pet washing station, a Waterfront News Café serving coffee daily, and a Board Room ideal for business meetings.

In addition, all residents of The Ritz Carlton Residences, Sarasota Bay will have exclusive access to The Harbor Club, a campus-style amenity complex with over 20,000 sf of additional amenities dedicated to socializing, health, and wellness. Phase I is located along the harborfront on the first level of the building. The state-of-the-art facilities include a waterfront fitness center with a movement studio, a private training room, and a spacious, waterfront health and wellness center with hot and cold vitality pools, and men’s and women’s sauna, steam rooms, and treatment rooms. A comfortable sports lounge will include ample conversational seating and a golf swing simulator room. Residents can enjoy complimentary use of paddleboards, kayaks, and bicycles at the marina and outdoor sports activity center. Phase II is planned in conjunction with the future west tower.

“The Ritz-Carlton Residences, Sarasota Bay will surely be the new crown jewel in the Ritz-Carlton residential portfolio,” shared Huskey. “There’s simply no other property that combines this level of service with such a wide range of amenities, all set along a waterfront promenade with direct access to both Sarasota Bay and downtown Sarasota.”

A New Era for Sarasota’s Waterfront

In addition to the world-class offerings within The Ritz-Carlton campus, The Quay Sarasota is welcoming new additions. Ocean Prime opened its doors in December. The 9,500-square-foot restaurant features two bars, two private dining rooms, and outdoor terraces on each level, offering waterfront views. Nearby at The Bay park, Phase II is currently undergoing development. In addition to its current landmark offerings, planned features include a sunset pier, a new performing arts center, a cultural district, and enhanced bayfront dining. With expanding arts, culture, dining, and shopping options, Downtown Sarasota is becoming a central destination for those who simply want more out of life.

The Ritz Carlton Residences, Sarasota Bay is schedule for delivery in late 2026. Premier Sotheby’s International Realty is exclusively leading sales efforts for The Ritz-Carlton Residences, Sarasota Bay. Private appointments are welcomed at the Presentation Gallery at 1111 Ritz-Carlton Drive on the lobby level of the hotel. In early 2025, the Sales Gallery will be relocated to the ground level of The Ritz-Carlton Residences Sarasota, adjacent to the construction site on The Quay harbor. For more information and to book a private presentation, please visit TheResidencesSarasotaBay.com or call 941-499-8704.