$25M month signals demand at Sarasota Ritz tower

Four buyers committed nearly $25 million to residences at The Ritz-Carlton Residences, Sarasota Bay in the past 30 days, a burst of activity that came as the waterfront tower reached its full height.

Kolter Urban marked the building’s top-off in December. The developer said the recent sales reflect continued demand as the project moves toward completion in Sarasota’s Quay neighborhood.

“As our vision for The Ritz-Carlton Residences, Sarasota Bay continues to take shape, it is extremely rewarding to see how strongly it is resonating with buyers,” said Ed Jahn, senior vice president of Kolter Urban. “These sales speak volumes to demand for thoughtfully designed, hospitality-driven residences in Sarasota, and we are excited to bring this project to life in Sarasota’s Quay neighborhood.”

The 78-residence tower sits along Sarasota Bay and targets buyers seeking large-format, turnkey condominiums with brand-backed services. Residences range from 3,500 square feet to just under 6,000 square feet, according to the developer.

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Each home will include a private elevator entrance and expansive terraces with glass railings and built-in outdoor grills. Kitchens will feature European cabinetry and quartz countertops with full-height backsplashes. Owner’s suites feature walk-in closets and spa-style bathrooms.

Amenities are expected to include a formal social room, a resort-style pool, a waterfront news café and a dedicated food and beverage program. Owners will also have access to The Harbor Club, the developer said.

A rendering shows The Ritz-Carlton Residences, Sarasota Bay and its marina-facing amenity deck in Sarasota’s Quay neighborhood. (Credit: Kolter Urban)

A rendering of the lobby at The Ritz-Carlton Residences, Sarasota Bay highlights a circular chandelier installation, marble floors and sculptural wall detailing. (Credit: Kolter Urban)

Social club room at The Ritz-Carlton Residences, Sarasota Bay with bar seating, lounge area, fireplace and floor-to-ceiling windows.

The social club room at The Ritz-Carlton Residences, Sarasota Bay includes a bar, fireplace seating and floor-to-ceiling windows overlooking the waterfront. (Credit: Kolter Urban)

Wellness center spa suite at The Ritz-Carlton Residences, Sarasota Bay with treatment room, skylights and indoor trees.

A rendering of the wellness center at The Ritz-Carlton Residences, Sarasota Bay shows spa treatment rooms framed by skylights and indoor greenery. (Credit: Kolter Urban)

Spa corridor at The Ritz-Carlton Residences, Sarasota Bay wellness center with glass walls, stone finishes and natural light.

The wellness center corridor at The Ritz-Carlton Residences, Sarasota Bay features glass-enclosed treatment spaces, stone walls and filtered natural light. (Credit: Kolter Urban)

Premier Sotheby’s International Realty leads sales for the project and recently added Ty Joslyn to the on-site team.

“I am honored to join the sales team for The Ritz-Carlton Residences, Sarasota Bay and represent a renowned brand synonymous with world-class service and refined elegance,” Joslyn said. “I look forward to cultivating exceptional experiences for buyers and driving sales for this coastal retreat.”

Joslyn brings more than 20 years of experience in luxury real estate and new construction across Florida’s Gulf Coast, according to the brokerage.

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Kolter Urban said the project remains ahead of schedule for completion. Private appointments are available at the presentation gallery at 475 Quay Commons.

The development uses The Ritz-Carlton marks under a license. It is not owned, developed or sold by Marriott International or its affiliates, according to the release.

Why it matters

A $25 million sales month during active construction provides a measurable signal in Sarasota’s upper-tier condominium market. As branded residential projects compete for a limited pool of buyers, momentum at this stage often shapes pricing strategy and closing velocity as delivery approaches.