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Dropping Anchor at The Anchorage

By Roger Drouin

With a full offering of amenities — from the 75-foot by 35-foot oversized, heated swimming pool to lighted tennis courts and private boat docks — every day can feel like a vacation at The Anchorage Yacht and Tennis Club Condominium.

And many owners at the 10-story tower do take advantage of the community’s on-site rental program and rent out their units to vacationers. Other amenities at The Anchorage also include: exercise room, deeded beach access, free WiFi, BBQ grills, lighted shuffleboard, and his and her saunas.

“This is the first Siesta Key condominium people see as they come across Stickney Point Bridge,” says Realtor Bob Ruiz, of Key Solutions Real Estate. “It makes a wonderful first impression with beautifully landscaped grounds and water on two sides of the high-rise building.

The tower is situated directly on the Intracoastal, and a very short walk to Crescent Beach, located across the street. It’s located at the corner of Stickney Point Road and Midnight Pass, and only a block to the mid-Key Village shopping and restaurants.

The building was constructed in 1976 and is extremely well maintained, says Donna Capdarest, general office manager at The Anchorage.

“Renters will check in, and are surprised how old the building is, and they will say ‘Boy, do you really maintain it,” Capdarest tells Siesta Sand. “We are always doing something to try to make it better.”

Each of the 98 units at The Anchorage Yacht and Tennis Club Condominium has a balcony off the living room and each bedroom.

The tower is comprised of two-bedroom, two-bath units and three-bedroom, two-and-a-half bath units. The condo units range in size from 1,287 square feet to nearly 2,400 square feet. Those are larger-than-typical units for Siesta Key.

Capdarest says the three-bedroom units go quickly in the rental program, as families like having the extra space for their vacation stay.

Both owners and renters alike at The Anchorage can dock a boat at the community’s private dock for free, or rent one from a nearby marina.

The pool itself is a prime asset. “A lot of people say they come here for the pool,” Capdarest says. “It is one of the largest pools on Siesta.”

One of the lowest owner’s fees

All of the amenities and features at The Anchorage come included in what realtors consider attractive owner’s fees. The monthly HOA fees are $367 monthly for the two-bedroom units, and $613 for the three-bedroom units — among the lowest on the Key, says Capdarest.

Realtor Bob Ruiz, of Key Solutions Real Estate, says the HOA fees are excellent, considering all of the amenities. The Anchorage is “an excellent value, great location,” says Ruiz.

Capdarest says a big reason for the low HOA fees is the trio of wireless cell phone antennas on the roof of the tower. Leasing revenue for the antennas helps fund reserves and keep owner’s fees down.

Within the community, there are 12 permanent residents, 44 owners whose units are in The Anchorage’s rental program, and the remainder are seasonal residents. Many of the seasonal residents, Capdarest says, come down in October and leave right after Easter.

Ruiz explains The Anchorage is a very stable community, with little turnover.

Three units are currently listed for sale at the 98-unit tower, and only one sold in the past year.

Recent sales and listings:

One unit has sold in the past 12 months, and a total of two have sold recently, Capdarest says. Three units are listed for sale.

  • One of the current listings includes a unit offered for $530,000 by Pamela Bayer, of Key Solutions Real Estate. This turnkey-furnished two-bedroom, two-bath unit (with 1,287 square feet) has an upgraded kitchen with lots of cabinet space and a granite breakfast bar. The listing works out to $411 per square foot. Other features include the spacious master bedroom with one walk-in closet and a second closet. The master bath has a walk-in shower and double sinks. The second bedroom has two twin beds. The unit has a southern view of the Intracoastal and partial view of the Gulf from the terrace, which is as long as the unit.
  • A larger, three bedroom unit with 2,358 square feet is listed for $748,500. This listing comes out to $317 a square foot. According to the MLS listing, with an open floor plan, recently-renovated kitchen, along with large balcony and 2,350 plus square feet under air, “this unit is ideal for year round residency and entertaining guests.”
  • A two-bedroom, two-bath unit sold for $545,000 in July, 2018, or $422 a square foot. The seventh-floor, corner unit faces the Intracoastal and has three large balconies. The unit was recently renovated. Features include renovated kitchen with new cabinets, stainless appliances, tray ceiling and granite counters. Other interior updates include, remodeled bathrooms, tank-less water heater, some impact sliders, new flooring, and new custom step in tub with jets.