What is it exactly that moves people to move to Florida? The idea of spending a winter enjoying temperatures at a balmy 72 degrees appeals to many. But Florida’s financial benefits, such as the lack of state tax and a new amendment, are highly regarded by homebuyers as well.
No State Tax
It’s well known that Florida doesn’t apply a state tax – which entices many. Not only is Florida one of the few states that doesn’t apply an income tax, it also reaffirms this in its state Constitution, under Article VII. Furthermore, the State of Florida doesn’t tax residents and citizens’ incomes under the Florida Income and Inheritance Taxes amendment.
New Condominium Deductions
While homestead exemptions don’t apply to condominiums, Floridian lawmakers have found a way to save those who own them on their taxes through Florida Amendment 2. It helps to preserve a portion of the ‘Save Our Homes’ Amendment that allows for a cap on tax increases up to 10%. It passed in 2018.
The Perfect Price Point
Florida homebuyers are constantly in search of a condominium that’s affordable, stylish, and in a great location. And Sarasota is the place. The artful atmosphere that the area possesses bleeds into the living spaces here, ensuring that homebuyers have a variety to choose from. However, out of the many Sarasota condo residences, one stands out from the rest – BLVD Sarasota. It’s location between the Sarasota Bay and the Rosemary District puts future residents between waterfront views and the action and activity of Downtown Sarasota. Amenities such as a rooftop zero horizon swimming pool, a wine cellar with a tasting room, the esteemed Beach Bistro sister restaurant on the first floor of the condominium tower, and a Pet Lawn area only serve to increase the value. Despite its amenities and its amazing space alongside the Sarasota Bay, BLVD Sarasota residences start at $1.9 million.
Florida has plenty of appeal to homebuyers, especially those coming from out of the state. From its beaches to its monetary benefits, there’s plenty of opportunity for future homebuyers here. One of the best opportunities is at BLVD Sarasota, the condominium tower in the middle of it all. Here there are only 49 residences for homebuyers to take advantage of before the move in date in Spring of 2020, and many are already sold. With little inventory available in this market, it’s selling out quickly.
BLVD Sarasota, a luxury condominium project, is almost complete! Located in the core of Downtown Sarasota, it sits on the southeast corner of Boulevard of the Arts and Tamiami Trail. It has brought an exciting energy to the city’s vibrant arts scene that Sarasota has never seen before. BLVD is ideally located on the famed Boulevard of the Arts, in the heart of downtown in the culturally rich Rosemary District.
BLVD Sarasota exhibits stunning architecture with panoramic views. Residents are accommodated with a select set of amenities, ranging from a zero-horizon pool that overlooks the city and the bay to a large temperature-controlled wine vaults with a tasting room. Located within walking distance of the diverse Rosemary District, and the new bayside projects – The Bay and The Quay. Right around the corner, inhabitants can enjoy Sarasota’s world-class entertainment, museums, art galleries and restaurants it is no wonder why condominiums nearly halfway sold out.
The sales studio is open daily, featuring your in-person virtual reality experience at 1266 1st Street, Suite 5, Sarasota FL 34236. With construction expected to be completed in Spring of 2020, now is the time to reach out and secure your condominium at BLVD Sarasota. Call our client liaisons at 941-316-1499 to schedule your tour today. If you are unable to make it into the studio, download our Digital Brochure.