1500 State Street Condos for Sale – Sarasota

1500 State Street

Keep the boutique condos of 1500 State Street in mind if in search for a secondary home right within Sarasota’s downtown core. Located at the corner of State Street and Lemon Avenue, these Sarasota condos for sale are also suitable for folks downsizing to smaller homes and for professionals pursuing career opportunities in the city.

Construction of this condominium broke ground in September 2016, with completion expected around the last quarter of 2017. Planned as a mixed-use development, 1500 State Street is set for six stories with 20 residential units above two levels of commercial space.

Coveted Site

1500 State Street

Right at the condominium’s groundbreaking, it was announced that five tenants have already grabbed commercial spaces at 1500 State Street thus underscoring the superior location of this property. The early birds setting up shop in this condominium include Optional Art Fine Jewelry, S’macks, a fast-casual burger restaurant, and the award-winning lifestyle publication Sarasota Magazine and 941CEO.

1500 State Street

The 1500 State Street property consists of two parcels—one at Lemon Avenue and the other at State Street—that its co-developer, Hembree and Associates, bought from the city. Optional Art will occupy the first floor of the condominium’s two-story structure at Lemon Avenue with a walkover bridge to the six-story building set on State Street.

The magazines will set up their offices on both second floors of this development, while the restaurant will be at the ground floor of the six-story condominium. The residential condos will be housed from the third floor to the sixth floor of this building.

The development of this project is a partnership between Hembree Dr. Mark Kauffman. Chris Gallagher of Hoyt Architects rendered a neotraditional architectural design for 1500 State Street so that it marches its neighboring State Street Parking Garage and the nearby Pineapple Park.

Hot on Pre-sellinge

1500 State Street

Out of the condominium’s 20 units, 10 were already sold as of the September groundbreaking last year. The remainder of the units feature floor plans of between 734 and 1,013 square feet and are priced from upper $300s up to the $500s. Each condo will feature a balcony of about 95‒155 square feet. The living areas and the balconies project beyond the property line.

1500 State Street

The per-square-foot price at 1500 State Street is lower than most downtown Sarasota condos for sale. Nonetheless, its units are designed with some of the upscale finishes and fixtures of luxury condominiums. These features include 10-foot ceilings, carpeted bedrooms stainless-steel appliances granite counter tops and ceramic tile.

The buyers of pre-construction units are offered choices on finishes. Each residential condo has allocated vehicle space in the State Street parking garage which would provide access to and from the condominium.

1500 State Street

The square footages of the units were purposively smaller in design to attract those buyers who don’t require much space and prefer downtown living closer to urban amenities. The condominium notably scores a high 96 in terms of walkability. Within its immediate vicinity are shops, restaurants, banks and a Whole Foods outlet plus the Sarasota farmer’s market held each Saturday. Two pets of up to 40 pounds each are allowed at 1500 State Street, a new jewel amongst Sarasota condos for sale.

1500 State Street Sarasota Condos for Sale

Below are all of the current real estate listings available for sale at 1500 State Street.

Please contact me if you would like to schedule a tour of any of the listed properties.

1500 STATE ST #505

$489,000 - 1 BD/1 BA


Sqft: 733


Listing data source: MFRMLS - IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.