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505 S ORANGE AVENUE #301, Sarasota, FL, 34236

3beds
4baths
3,026sqft
$1,499,000
$495price/sqft
$10,829/moest. monthly cost
$433,160/yrincome needed

About This Home

Welcome to Kanaya, where luxury, lifestyle, and location come together in one of Sarasota’s most desirable boutique condominium residences. This exceptional building offers the privacy and exclusivity of only 32 residences within 15 floors, creating an intimate community with impressive amenities, attentive management, and friendly neighbors. For buyers seeking a downtown Sarasota condominium with strong financials, a well-funded association, and a successfully completed milestone inspection with outstanding results, this is a rare opportunity. Located on the third floor and directly on the amenity level, this remarkable end-unit residence offers approximately 3,003 square feet of elegant living space, featuring three bedrooms, three-and-a-half bathrooms, a private office/den/study, two terraces, and an extraordinary 1,075-square-foot private owner’s patio available exclusively to this residence. The beautifully appointed kitchen showcases a stainless-steel KitchenAid appliance suite, granite countertops, and a spacious walk-in pantry. The luxurious primary suite includes a private 13’ x 10’ study, a corner bedroom with northern and western exposures, direct access to the expansive balcony, and a spa-inspired bathroom featuring a soaking tub, separate shower with transom window, water closet, dual vanities, and a custom-built walk-in closet. Two additional ensuite bedrooms are located on the opposite side of the residence, each offering private baths and balcony access. Additional features include a formal foyer, powder room, crown molding, wet bar, large laundry room with cabinetry and utility sink, abundant storage, and modern impact-resistant glass windows and doors throughout. Residents enjoy an impressive array of amenities, including a stunning 16th-floor rooftop terrace with entertainment areas, lounge seating, and breathtaking views of downtown Sarasota, holiday fireworks, Sarasota Bay, the barrier islands, and the iconic bridges. Additional amenities include a 65-foot heated pool, expansive sun deck, shower and sauna, yoga room, fitness center, and clubhouse with kitchen. This residence includes two side-by-side assigned parking spaces in the secure garage, the option for electric vehicle charging, three private storage units, and access to community bicycle storage. The Kanaya has recently completed extensive exterior maintenance, including sealing, caulking, and painting within the past two years, and benefits from impact glass throughout plus a backup generator providing partial building power during outages. With two full-time superintendents on-site and a proactive association, Kanaya represents exceptional downtown Sarasota living. Offered at $1,499,000, this extraordinary residence delivers a rare combination of space, privacy, luxury, and peace of mind in the heart of Sarasota.

Getting Around

93
WalkingWalker's Paradise
46
TransitSome Transit
68
BikeBikeable

Schools

10/10
5/10
Booker Middle SchoolGrades 6-82.6 mi
5/10
Sarasota High SchoolGrades 9-120.9 mi

Construction

Condition

  • Property condition: Completed
  • Year built: 2007

Materials

  • Foundation: Slab
  • Roof: Membrane
  • Construction materials: Block

Type & Style

  • Home type: Condo
  • Architectural style: Patio
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Oven,Convection Oven
  • Laundry features: Electric Dryer Hookup,Gas Dryer Hookup,Inside,Laundry Room

Balcony Porch Lanai

  • Level: First

Balcony Porch Lanai

  • Level: First
  • Area: 1075
  • Dimensions: 43x25

Bedroom2

  • Features: Walk-In Closet(s)
  • Level: First
  • Area: 182
  • Dimensions: 14x13

Bedroom3

  • Features: Built-in Closet
  • Level: First
  • Area: 169
  • Dimensions: 13x13

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Den

  • Level: First
  • Area: 110
  • Dimensions: 11x10

Dining Room

  • Level: First
  • Area: 168
  • Dimensions: 14x12

Features

  • Built-in Features,Ceiling Fan(s),Crown Molding,Eating Space In Kitchen,High Ceilings,Open Floorplan,Stone Counters,Thermostat,Tray Ceiling(s),Walk-In Closet(s)
  • Door features: Outdoor Grill,Sliding Doors
  • Window features: Hurricane Shutters/Windows
  • Flooring: Carpet,Ceramic Tile
  • Common walls with other units/homes: End Unit

Foyer

  • Level: First
  • Area: 96
  • Dimensions: 12x8

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,646
  • Total interior livable area: 3,026 sqft

Kitchen

  • Features: Breakfast Bar,Built-In Shelving,Pantry,Granite Counters,Stone Counters
  • Level: First
  • Area: 182
  • Dimensions: 14x13

Living Room

  • Level: First
  • Area: 378
  • Dimensions: 21x18

Primary Bedroom

  • Features: Walk-In Closet(s)
  • Level: First
  • Area: 360
  • Dimensions: 20x18

Property

Accessibility

  • Accessibility features: Accessible Approach with Ramp,Accessible Bedroom,Accessible Closets,Accessible Common Area,Accessible Doors,Accessible Entrance,Accessible Full Bath,Visitor Bathroom,Accessible Hallway(s),Accessible Kitchen

Details

  • Parcel number: 2027104003
  • Zoning: DTC
  • Special condition: None

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered,Deck,Patio
  • Exterior features: Balcony,Courtyard,Lighting,Outdoor Grill,Sidewalk,Storage
  • Has view: Yes
  • View description: City

Lot

  • Lot size: 0.70 Acres
  • Features: Above Flood Plain

Parking

  • Total spaces: 2
  • Parking features: Assigned,Covered,Garage Door Opener,Reserved,Under Building
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneVery High
  • Lightning
    LightningRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Inland Flooding
Tornado
Tsunami

FEMA Declared Disasters in Sarasota County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $7,579$90,948
Home Insurance *$1,026$12,312
Property Taxes $1,920$23,040
Electricity $304$3,654
Total$10,829$129,948
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$371,280/yr
40% on housing$324,870/yr
45% on housing$288,773/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.0%
15.0%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 6.6%
6.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$495This listing

vs Other Active Listings

Avg $/sqft

ZIP 34236$1,062
Sarasota County$346

vs Homes Sold Last Month

Median $/sqft

ZIP 34236$896
Sarasota County$245

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-17Price change$1,499,000
2025-12-20Listed for sale$1,595,000
2012-12-26Sold$675,000
2012-10-25Price change$749,000
2012-03-22Price change$795,000
2012-01-08Listed for sale$825,000
2007-02-21Sold$944,400

For Sale by Agent

AgentScotty Ledford
BrokerageVUE REALTY, LLC

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