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For Sale

1001 BENJAMIN FRANKLIN DR #503

1001 BENJAMIN FRANKLIN DR #503, SARASOTA, FL 34236
$499,000

Property Summary

Open House

3/1/2026 1:00PM - 3:00PM EST

  • 1 Bed
  • 2 Baths
  • 813 Sq.Ft. Living area
  • 2.52 Acres Lot

HIGH & DRY! Renovated Coastal Retreat with Private Beach Access on Lido Key. Indulge in the ultimate island lifestyle with deeded private access to the pristine shores of Lido Beach, just steps from your doorstep. This beautifully improved 5th-floor residence in the very well-maintained Lido Towers offers the perfect blend of comfort, convenience, and relaxed waterfront living. Ideal for both full-time residents and seasonal owners. The condo has been recently renovated, including new flooring throughout, creating a fresh and elevated coastal aesthetic. The updated kitchen features solid wood cabinetry, quartz countertops, and modern appliances, blending functionality with timeless style. Enjoy peaceful mornings on your covered, screened-in balcony before heading out for a day on the sand. This residence offers 1 bedroom and 1.5 bathrooms, including a spacious owner's suite with an ensuite bath and tub/shower combination. Additional highlights include covered parking, ample guest parking, a private storage closet, and access to exceptional community amenities such as a large resort-style pool, jacuzzi, and club room with a kitchen and seating area. Laundry facilities are conveniently located on each floor and feature brand-new flooring. The building itself has undergone significant updates, including a new roof, modernized elevators, renovated mailroom, and updated laundry room flooring, enhancing both value and peace of mind. Living on the south end of Lido Key provides an unparalleled coastal experience surrounded by world-class beaches, scenic parks, and endless outdoor recreation. Enjoy effortless sunrise walks along Lido Beach and South Lido Beach, paddleboard through the mangrove tunnels at Ted Sperling Park, or explore nature trails and kayaking at South Lido Park. Residents can stroll to St. Armands Circle for fine dining and boutique shopping, or take a short drive over the iconic John Ringling Causeway into downtown Sarasota for farmers markets, waterfront festivals, boat shows, and a vibrant arts scene. One of the few rental-friendly buildings on Lido Key, Lido Towers allows one-month minimum rentals up to twelve times a year, which offers excellent flexibility for personal use or investment potential. All milestone inspections have been completed, reserves are fully funded, and there are no assessments or dues increases currently anticipated. Whether you're soaking up the Florida sunshine, enjoying turquoise Gulf waters, or embracing Sarasota's cultural energy, this residence delivers the very best of Lido Key living. Don't miss your opportunity to own a piece of paradise in one of Sarasota's most desirable island communities. Call us today! HURRICANE WINDOWS & DOORS (2021). NEWER AC (2023).

Features & Amenities

Interior

Total Bedrooms 1
Total Bathrooms 2
Full Bathrooms 1
Half Bathrooms 1
Laundry room Same Floor As Condo Unit
Flooring Vinyl
Appliances Dishwasher, Microwave, Range, Refrigerator
Other Interior Features Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Stone Counters, Thermostat, Tray Ceiling(s), Walk-In Closet(s)

Area & Lot

Status For Sale
Open house
3/1/2026 1:00PM - 3:00PM EST
Living area 813 Sq.Ft.
Total area 888 Sq.Ft.
Lot Size 2.52 Acres
MLS® ID A4680281
Type: Condo
Year Built 1980
Neighborhood Downtown Sarasota
Architecture Styles Florida
Elementary School Southside Elementary
Middle School Booker Middle
High School Sarasota High

Exterior

Stories 1
Water Source Public
Utilites BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Underground Utilities, Water Connected
Roof Concrete
Lot Features City Limits, Paved
Parking Assigned, Guest
Heat type Central, Electric
Air conditioning Central Air
Sewer Public Sewer
Substructure Slab
HOA Amenities Clubhouse, Elevator(s), Laundry, Other, Pool, Sauna, Security, Spa/Hot Tub
Other Exterior Features Balcony, Lighting, Sliding Doors

Finance

SALES PRICE $499,000
REAL ESTATE TAXES $6,110/yr
HOA Fees $980/mo
Zoning RMF4

Interior

Total Bedrooms 1
Total Bathrooms 2
Full Bathrooms 1
Half Bathrooms 1
Laundry room Same Floor As Condo Unit
Flooring Vinyl
Appliances Dishwasher, Microwave, Range, Refrigerator
Other Interior Features Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Stone Counters, Thermostat, Tray Ceiling(s), Walk-In Closet(s)

Area & Lot

Status For Sale
Open house 3/1/2026, 1:00 PM - 3:00 PM
Living area 813 Sq.Ft.
Total area 888 Sq.Ft.
Lot Size 2.52 Acres
MLS® ID A4680281
Type: Condo
Year Built 1980
Neighborhood Downtown Sarasota
Architecture Styles Florida
Elementary School Southside Elementary
Middle School Booker Middle
High School Sarasota High

Exterior

Stories 1
Water Source Public
Utilites BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Underground Utilities, Water Connected
Roof Concrete
Lot Features City Limits, Paved
Parking Assigned, Guest
Heat type Central, Electric
Air conditioning Central Air
Sewer Public Sewer
Substructure Slab
HOA Amenities Clubhouse, Elevator(s), Laundry, Other, Pool, Sauna, Security, Spa/Hot Tub
Other Exterior Features Balcony, Lighting, Sliding Doors

Finance

SALES PRICE $499,000
REAL ESTATE TAXES $6,110/yr
HOA Fees $980/mo
Zoning RMF4

Listing Contact

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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 1001 BENJAMIN FRANKLIN DR #503, SARASOTA, FL 34236. We are reviewing your request and will be in touch shortly!

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The Schafer's specialize in luxury residential property which includes relocations, estate sales, and investment properties. With decades of experience in the real estate industry, we have been through multiple market cycles as an agent, seller, buyer, and investor. This has enabled us to develop a deep understanding of the often-complicated process that our customers will encounter.

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