Just Sold - REO in Beach Residences
Posted by Marc Rasmussen on Tuesday, October 2nd, 2012 at 1:13pm.
Our clients just purchased a foreclosure in the exclusive Ritz Carlton managed Beach Residences on Lido Key. This 2005 built condo directly on Lido Key beach offers 2 bedroom ensuites, den, 3 bathrooms and 3,315 square feet. This was a 12th floor unit with stunning water and beach views. Th asking price was $1,750,000 and it closed for $1,700,000 (public record).
1300 Ben Franklin Drive
Create your own vision of paradise in a penthouse at The Beach Residences, the most luxurious & prestigious Gulf front real estate on Lido Key. This beach front jewel has 2 BD ensuites, 3 BA plus den, & is aggressively priced to sell. Owner's Suite has morning kitchen, his/hers walk-in closets, spa tub, glass enclosed shower, separate vanities with granite counter tops, & marble flooring. The kitchen has all you could ever dream of: double Dacor ovens, Asko dishwasher, Sub-Zero frig, gas range, warming drawer, island, wine refrigeration, cherry cabinets & planning desk. Enjoy the bay, city & Gulf views from the oversized terrace. This unit also comes with a 2 car garage plus air conditioned storage. Living in a Ritz-Carlton managed resort means unparalleled luxury as well as active indulgences like the spa, heated pool, saunas, fitness center, rec room & theater with tiered seating. The best feature of all ...you're just steps away from having your toes in the turquoise waters of the world famous Gulf of Mexico. Being sold as-is.
A Sweet Deal
This unit was originally listed for $3,420,000 in 2009 when it was listed as a short sale. Eventually, the bank foreclosed on the property and priced it aggressively at $1,750,000.
Here are all of the sales in The Beach Residences since 1/1/2011
| Address | Sq. Ft. | Sales Price | Beds | Bths | Sale Date | $/Sq. Ft. |
| 1300 BENJAMIN FRANKLIN DR # 707 | 3,057 | 1,350,000 | 3 | 2.5 | 10/14/2011 | $441.61 |
| 1300 BENJAMIN FRANKLIN DR # 908 | 3,330 | 1,380,000 | 3 | 3 | 9/14/2012 | $414.41 |
| 1300 BENJAMIN FRANKLIN DR # 807 | 3,057 | 1,575,000 | 3 | 2.5 | 4/30/2012 | $515.21 |
| 1300 BENJAMIN FRANKLIN DR # 1007 | 3,057 | 1,800,000 | 3 | 2.5 | 12/16/2011 | $588.81 |
| 1300 BENJAMIN FRANKLIN DR # 1008 | 3,330 | 1,890,500 | 3 | 3 | 5/27/2011 | $567.72 |
| 1300 BEN FRANKLIN DR # 1005 | 3,302 | 1,700,000 | 2 | 3 | 5/2/2011 | $514.84 |
| 1300 BENJAMIN FRANKLIN DR # 503 | 3,861 | 2,550,000 | 4 | 4.5 | 5/31/2011 | $660.45 |
| 1300 BENJAMIN FRANKLIN DR # 902 | 3,964 | 2,875,000 | 3 | 3.5 | 5/2/2011 | $725.28 |
| 1300 BENJAMIN FRANKLIN DR # 1101 | 4,194 | 3,900,000 | 3 | 3.5 | 2/28/2012 | $929.90 |
| 1300 BENJAMIN FRANKLIN DR # 1205 | 3,315 | 1,700,000 | 2 | 3 | 10/1/2012 | $512.82 |
Congratulations to Jim and Jamey Hirschman for handling the transaction like true professionals. Give us a call at 941.822.0708 if we can help you buy or sell in the Sarasota area.
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