The Bay Plaza Condominium is one of the landmarks defining the skyline of the Sarasota bayfront. Rising at 14 stories, this property corners a prominent downtown location at 1282 North Palm, corner Cocoanut Avenue.
Bay Plaza’s upper floor units overlook the bay, Ringling Bridge, and the barrier islands to the west. Its residents likewise have more to enjoy besides these stunning views. A short walk from the condominium building are the delights of the 32-acre Bayfront Park and its neighboring Marina, which are just two of the market drivers for downtown Sarasota condos for sale.
The nearby junction of North Tamiami Trail and Bayfront Drive is likewise a portal to many of the local points of interest that provided much strength to the Sarasota real estate market. For this reason, Bay Plaza condos for sale remain among the most coveted properties in the city center even as newer residential properties were developed around the condominium’s neighborhood.
Mixed-use High Rise
Bay Plaza was constructed in the early 1980s. Its development came as part of the condominium boom in Sarasota during those times, which for the most part, created the downtown’s “Marina Row” of high-rise bayfront condos. Besides residential units, Bay Plaza was also developed with retail and office spaces which also rode on the benefits of the property’s superb downtown location.
As a mixed-use development, Bay Plaza provides plenty of amenities especially to its residents. The condo facilities include a heated swimming pool, media center, and a wellness and fitness center with modern exercise equipment. Additionally, the condominium has a staffed front desk, valet and concierge services, up-to-date security system, and under-building parking.
Well-kept Condo with Upgrades
Bay Plaza is very well maintained, as exemplified in the recent major makeover of its lobby and front entry. A pet-friendly building, the condominium allows its owners to rent their units but at a one-year minimum. Thus, there are no transients occupying any of its residences. The condominium also belongs to the Downtown Sarasota Condo Association promoting the interest of condo owners in the city center.
Choice Bay Plaza condos for sale have been remodeled. Typical market activity on these units start at prices in the upper $300s for residences with floor areas of about 1,600 square feet designed with two bedrooms and two baths.
The crown jewels of Bay Plaza are its penthouses which flaunt living areas of more than 4,000 square feet designed with four bedrooms, three baths, and a half-bath. Pricing of these luxury units hover around the $1.3 million range.
Tops in Versatility and Walkability
The Bay Plaza units are designed to cater to the varying requirements of home buyers and investors. Owing to their outstanding downtown location, the bedrooms of some units have been be converted into an office.
Bay Plaza scores a high overall rating in terms of walkability (94 out of 100 by one measure), making its units a leading choice among discriminating buyers of Sarasota condos for sale. Besides the life and leisure centers within walking distance from the condominium, its residents also enjoy proximity to other lifestyle hubs such as those at St. Armands Circle which are just west across Ringling Bridge.