Park Residences Debuts in Lido Key


Expect some added pizzazz in a search for available condominium units in South Lido Key. By around mid-December 2015, Park Residences is set to be fully completed thereby adding 18 limited-edition, mid-rise dwellings in its area widely regarded as the condo row in the barrier island between the Gulf of Mexico and Sarasota Bay.

This new condominium development basks in a lush setting so well provided by Ted Sperling Park and South Lido County Park respectively adjacent east and south of the property.

A project of Seaward Development, Park Residences is cozily tucked at 129 Taft Drive perpendicular east of Ben Franklin Drive, a major road corridor in Longboat Key. The property’s 1.3-acre site is within walking distance to the world-renowned St. Armands Circle.

Coastal contemporary design

Park Residences Debuts in Lido Key

Park Residences is developed as a two-building complex designed by DSDG Architects as a rendition of what the firm calls “coastal contemporary construction” likewise employed in the Sarasota Yacht Club built recently. Featuring four-stories, the condominium’s structures flaunt large walls with glass allowing natural light in. Combined with a generous amount of wood details in the interiors and exteriors of the buildings, this design infuses warmth to the residences.

High building standards were adopted in the construction, including deep pile foundation system, solid concrete and top quality structural components. Amenities listed for this development include a spacious private courtyard, a heated resort-type swimming pool with a spa, four poolside cabanas, a custom-designed fire pit, and open trellis with provision for seating and a barbecue area. The condominium’s ground level provides for convenient storage for bikes and kayaks.

Million-dollar price range

The 18 Park Residences condo units, which include six penthouses with private rooftop terraces, have been designed with four floor plans of about 2,500 square feet each, featuring three bedrooms. Their price points start at around $550 per square foot or roughly at about $1.4 million per unit.

Complete customization, from flooring and fixtures to wall textures and trim, is available to those in search of Sarasota condos for sale in this development. The market appears very receptive to all these offerings at the Park Residences, as moving into 2015, about half of its condo units have already been snapped up in the market.

Prospective buyers, nonetheless, won’t miss out on luxury Sarasota condos for sale at Lido Key should the Park Residences units are all sold out eventually. The north-south stretch of Ben Franklin Drive near the condominium is host to several luxury condos such as those at the Beach Residences of the Ritz Carlton developed in 2005. As of June, there are available two- to four-bedroom units here designed with floor plans ranging from 1,855 up to 4,194 square feet and offered in the market at between $1 million and $3.3 million.

The Orchid Beach Club, also built in 2005, is also in this Lido Key condominium row where a four-bedroom penthouse with a floor area of nearly 6,000 square feet has been sales-listed at close to $6-million. A standard unit here with three bedrooms within a floor area of close to 3,000 square feet is typically priced in the market for Lido Key condos for sale at around $1.8 million.