Neighborhood · Sarasota, Florida
Tower Residences At The Ritz Carlton
Full-service downtown living above Sarasota Bay
10
Homes for sale
$2,624,450
Median list price
$984
Avg price / sqft
101
Median days on market
The Tower Residences at The Ritz-Carlton put you in a full-service, staff-attended tower on the edge of downtown Sarasota, where a short walk gets you to the bayfront, the arts district, and the marina. It's a lock-and-leave lifestyle: hotel-grade amenities, concierge service, and views that stretch from the Lido Key beaches to the city skyline. This is a small, gated enclave that trades yard maintenance for elevator access and afternoons on the water, with the Rosemary District and the rest of downtown at your doorstep.
For a buyer today, this is a genuinely high-end, low-inventory market — just 10 active listings with a median list price of $2,624,450 and an average of $984 per square foot. Homes here take their time selling (a median of 79.5 days) and sellers are averaging 93% of asking, so there's room to negotiate on the right unit. If you're comparing it to other luxury pockets like Indian Beach / Sapphire Shores or the broader Sarasota homes for sale, expect to pay for the service and location.
Tower Residences At The Ritz Carlton is a community in Sarasota, Florida.
Quick facts
$1,880,000 – $4.0M price range
2,799 sqft median home
$4,140/mo median HOA
$7,500/mo median rent
20 sold in 12 months
Drive times
On the market now
Homes for sale in Tower Residences At The Ritz Carlton
$1,880,000
1111 N GULFSTREAM AVENUE UNIT PH-C, SARASOTA
2 bd · 2 ba · 1,736 sqft
$1,895,000
1155 N GULFSTREAM AVENUE UNIT 807, SARASOTA
2 bd · 2.5 ba · 1,580 sqft
$2,649,000
1155 N GULFSTREAM AVENUE UNIT 401, SARASOTA
3 bd · 3.5 ba · 2,625 sqft
$3,995,000$4,295,000
1111 RITZ CARLTON DRIVE UNIT 1603, SARASOTA
3 bd · 3.5 ba · 4,276 sqft
$2,599,900$2,650,000
1111 RITZ CARLTON DRIVE UNIT 1004, SARASOTA
3 bd · 2.5 ba · 3,553 sqft
$2,245,000
1111 RITZ CARLTON DRIVE UNIT 1205, SARASOTA
2 bd · 2 ba · 2,011 sqft
$2,499,000
35 WATERGATE DRIVE UNIT 1506, SARASOTA
3 bd · 3 ba · 2,799 sqft
$2,990,000$3,100,000
35 WATERGATE DRIVE UNIT 1403, SARASOTA
3 bd · 3 ba · 2,990 sqft
$3,895,000
1111 RITZ CARLTON DRIVE UNIT 1803, SARASOTA
3 bd · 3.5 ba · 4,276 sqft
$2,699,000$2,899,000
35 WATERGATE DRIVE UNIT 906, SARASOTA
3 bd · 3 ba · 2,799 sqft
Every active listing inside the Tower Residences At The Ritz Carlton boundary
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Browse Tower Residences At The Ritz Carlton
By feature — on the live map
Where the market lives
The numbers that matter
The Tower Residences At The Ritz Carlton market
20
Sold, last 12 months
$1,675,000
Median sold price
93%
Sale-to-list ratio
What sellers actually get vs asking
84 days
Median time to sell
Tower Residences At The Ritz Carlton vs Sarasota
Median list price
Price per sqft
Days on market
Median sold price — 3-yr, 3-mo rolling
▲ 68.9% yr/yr
Homes sold per month
Live Stellar MLS data — every listing and closed sale inside the Tower Residences At The Ritz Carlton boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools Tower Residences At The Ritz Carlton is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
What it really costs
Owning here
Owning the median Tower Residences At The Ritz Carlton home
≈ $20,296/mo
$2,624,450 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
$4,140/mo
Median HOA
From current listings inside the boundary
$7,500/mo
Median rent
Homes for rent inside the boundary
Population
747
Median age
75
Median income
$125,938
Median home value
$1,459,500
Beyond the listings
Living in Tower Residences At The Ritz Carlton
Lifestyles
Top 2% in the U.S.Wealth Signaling
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Relationships
Top 3% in the U.S.Networking
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
Relationships
Top 5% in the U.S.Love & Romance
Love is in the air when this population is present. Includes people expressing their feelings for significant others in special ways. Common activities include anniversaries and date nights.
Entertainment
Top 7% in the U.S.Film Lovers
Movie buffs and binge watchers expressing their love for movies, storytelling, and the film making process.
Culture
Top 7% in the U.S.Dance Devotion
Some dance for fitness, others for fun, and a few turn it into a profession. No matter how these people groove to the music, their love for dance is what bonds them.
Pieces of History
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
Straight answers
Tower Residences At The Ritz Carlton FAQs
Is Tower Residences at The Ritz-Carlton a good place to live?+
It suits buyers who want a walkable, full-service downtown lifestyle without the upkeep of a single-family home. You get hotel-grade amenities, a gated setting, and immediate access to Sarasota's bayfront and arts scene. The median rent of $7,500/mo also signals steady demand from people who want this location.
Is it expensive to buy here?+
Yes — this is one of Sarasota's premium addresses, with a median list price of $2,624,450 and every active listing above $1M. Prices currently range from $1,880,000 to $3,995,000, and the average works out to about $984 per square foot on a median home size near 2,799 sqft.
What do homes cost in the building?+
Over the past 12 months, 20 homes sold at a median price of $1,675,000. Active listings sit higher, with a median of $2,624,450, and sellers are averaging 93% of their asking price — so there's typically negotiating room on the right unit.
How is the market right now?+
Inventory is thin at 10 active listings, and units take time to move, with a median of 79.5 days on market. That combination of limited supply and a 93% sale-to-list ratio means buyers can be selective and negotiate, while sellers should price realistically.
What about HOA fees and property taxes?+
Budget carefully here: the median HOA runs about $4,140/mo, which covers the building's Ritz-Carlton-level services and amenities. Median property taxes are around $25,422/yr, in line with the tower's luxury price points.
Keep exploring
More Sarasota neighborhoods
Neighborhood boundary by edgeAI; listings matched to the polygon. 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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