Finished and selling on Golden Gate Point, Sarasota, FL
Six88
688 Golden Gate Point, Sarasota
A finished nine storey building where not one of the ten units has sold. And at ten units, Florida owes you neither a prospectus nor an association website. The whole record is below.
- Address
- 688 Golden Gate Point
- Size
- 10 units, 9 storeys
- Unsold
- All ten
- Tax rate
- 16.0862 mills
At a glance
Six88 fast facts
Every figure below is read from the county clerk's recorded instruments, the county appraiser's parcel record and certified rate table, the city permit file retrieved in full, the federal flood records queried by whole parcel as well as by point, or the county's hazard layers, with a control behind each result. Where two official records disagree we print both rather than choosing.
- Record address
- 688 Golden Gate Point, Sarasota, FL 34236
- Recorded as
- Six88, a Condo
- Size
- 10 units, 9 storeys, one building
- Status
- Substantially complete, on a temporary occupancy certificate
- Sold so far
- None. The sponsor holds all ten
- Recorded
- Yes, declaration and plat, September 2026
- Prospectus owed to you
- No. Ten units is below the threshold
- Association website required
- No, and it never will be
- Tax rate
- 16.0862 mills, second of 65 codes in the county
- Tax on the land today
- About $96,500, with zero improvement value
- Velocity zone
- Yes, and only a whole parcel test finds it
- Evacuation level
- A, a category one zone, 10 foot surge
- What was here before
- Nothing, for twenty-two years
- Pricing, unit sizes, dues and reserves
- Not published yet
Not published yet
Location: see 688 Golden Gate Point on the map. Get pricing on what is still available. Figures carry the dates shown and are subject to change.
Who built this, and what was here
The company the state names does not own it, and a 490 day gap in the log says when that changed
Start with the ownership, because the state and the county do not agree. The developer of record on the state condominium filing does not own this site and did not finish this building. A recorded deed in the spring of 2024 moved the property to a different company, and that company is the owner on the tax roll, the owner on the city permit and the declarant on the recorded declaration. Three primary records agree with each other and disagree with the register.
Two unrelated records then line up in a way that is hard to ignore. The city's inspection log on this building has a gap of about 490 days, from the middle of 2023 to late in 2024, with nothing recorded at all. That gap matches the ownership handover week for week. Neither record explains the other; they simply agree, and a buyer is entitled to ask what happened in those sixteen months.
The site itself has a history nobody would guess from looking at the street. This is the only new building on this peninsula that did not replace an existing condominium. Three two storey houses came down here in 2004 and the lot sat vacant for twenty-two years. There is no termination of a condominium anywhere in the record because there was never a condominium here to terminate. Every other recent tower on this street bought out between twenty-seven and fifty households to exist.
The entitlement has a third party in it that appears nowhere else. The governing site plan is filed under a different street number from the building, is reachable only by searching the parcel rather than the address, and names a Massachusetts company as owner or contract purchaser in 2021, an entity distinct from both the state developer and the current recorded owner. And a non-residential variance was granted and recorded in late 2025, mid construction, thirty-two months after the permit issued. What it authorised is not in the record we could reach.
The city's own permit file does not describe one building consistently. Two permits are live on this parcel at once and they disagree on the two numbers a buyer would care about. The original master permit describes nine storeys and about 39,275 square feet. A later permit, still open, describes eight storeys and about 53,962 square feet. Both are official city records and neither supersedes the other on its face. A difference of nearly fifteen thousand square feet is not a clerical rounding, and in a ten unit building it is the difference between the floor plan you were shown and something else. Worth noting alongside it: the administrative review track on this project ran about nine and a half months and was signed off two days before the permit issued, which is a sequence that reads as a deadline being met rather than a question being answered.
Two record warnings worth carrying into any Florida search you run yourself. The state gives the developer a mailing address that does not exist, missing a single directional from the street name; it is the fifth impossible state address we have found in this county. And the clerk indexes the parties here across six different renderings, including two outright typos in the index itself. A single search on the obvious spelling misses instruments that exist.
One thing not to misread, which cost us a false start. The state's recorded roll does not list this condominium, and that is a publication lag rather than a status. The newest recording date anywhere in that statewide file is three weeks older than this declaration. The clerk has it. The state will catch up.
Take these four to the sales office: which entity will sign your contract and give your warranty, since three records name different companies; what the late-2025 variance authorised; the full condominium documents and budget, which at this size nobody is required to publish; and the date the full certificate of occupancy is expected.
What this actually costs
The county's second highest rate, and a land schedule nobody has published
This peninsula has its own millage code and it is expensive. Total 16.0862 mills across fourteen named authorities, which is more lines than any other code in the county, and ranked against all sixty-five published codes it is second. Nothing sits between it and the downtown improvement district at 16.8815. Plain city Sarasota is 14.8815 and the City of Venice 14.9292.
The surcharge is built differently from downtown's and the difference matters over time. Downtown the district charge is a single flat 2.0000 mills, the statutory ceiling taken in full. Here it is two irregular computed lines, 0.6148 of operating and 0.5899 of district debt service. A flat rate is a cap; computed rates are a budget.
Now the thing that will confuse anyone who looks this parcel up today. A finished nine storey building sits on a roll that carries $6,000,000 of land and an improvement value of zero, producing an ad valorem bill of about $96,500 for the whole building. That is the assessment date artefact this series has now seen at four separate new buildings, and it corrects on the roll after the units exist. Budget from what units actually sell for, not from what the parcel shows.
On the land itself we recovered something the assessor has never published. Peninsula land is not priced per square foot and it is not a simple bayfront premium. Five parcels return exactly $360,000, $360,000, $360,000, $600,000 and $950,000 per entitled unit, keyed to a land-type code. This site is genuinely bayfront and sits in a middle tier at $600,000 that nobody had documented. The per square foot numbers people quote are residues of that schedule, not the input.
The homestead exemption does very little at this price level. It saves a flat $651.94 a year in this code at any assessed value at or above $75,000, which at realistic bayfront values here is on the order of one per cent of the bill. The assessment growth cap that travels with it is the part worth having over a decade. The county publishes no per parcel split between the county and school portions, so we computed the saving from the rate table's own school columns.
And a word about who your neighbours will be, because the peninsula surprises people. Counting every condominium unit on this street, 223 across fourteen buildings, 53.8 per cent are somebody's homesteaded primary residence. This is not a second home street. The rate is strongly age dependent though: buildings from the early 2000s run sixty to ninety per cent while the three newest run around thirty per cent, and a figure quoted for a building whose units have not yet been through an assessment date is meaningless.
The practical version: the rate is high and computable, the current parcel bill tells you nothing about your future one, and the association is the unknown. Non ad valorem assessments in this county sit behind a tax collector that blocks automated retrieval, so every figure above is the ad valorem bill only, and this county has no ad valorem community development districts at all.
Where the leverage is
Ten units, none sold, and the thinnest disclosure position in the series
Most pages in this series argue that a small building is a quieter place to live. This one argues something narrower and more useful: a small building is a place where the law does less of your work for you.
Here is the arithmetic that nobody puts in a brochure. Florida owes a buyer a prospectus only where a residential condominium has more than twenty units, and requires an association to maintain a website and publish its budget, contracts, insurance policies and inspection reports only at twenty-five or more. At ten units this building clears neither, by eleven units and by fifteen. It is the only new building on this peninsula in that position.
Put it against the three newest neighbours and the line is stark. One at twenty-nine units clears both thresholds and its association must publish its finances for as long as it exists. Two others at twenty-three and twenty units clear the prospectus threshold and will never owe a website. This one clears nothing. Four new buildings on one short street, four different statutory positions, and not one of them discloses that difference to a buyer.
None of that makes the building worse. It changes what you have to do. Every document that a larger building would have to hand you before you could be held to a contract, or post publicly for the life of the association, here exists only if you ask for it and get it in writing before your rescission period closes. The declaration and the plat are recorded and public, which is a real advantage over a pre-construction purchase, but the budget, the reserve schedule and the insurance are not.
The inventory position is the other half of the argument. Not one of the ten units has conveyed. The sponsor holds the entire building, on a temporary occupancy certificate, with final inspections still being signed off. Compare a building four doors away that sold ten of twenty-nine and then closed nothing for eleven weeks, and another on the barrier island that sold eight of sixty-five in twelve days. Nobody on this street is selling out.
That is precisely where representation earns its keep. With no recorded sale in this building there is no internal comparable, so the only evidence of value is what the rest of the peninsula has actually traded at, floor by floor and stack by stack. An agent who has that, and who knows this building owes you no prospectus, can negotiate on a finished unit you have walked through without leaving money on the table. An unsold building with a provisional certificate is a position, not a problem.
What to get in writing before you make an offer: the full condominium documents and the proposed budget with its reserve schedule, none of which anyone must publish at this size; the association's insurance; the conditions on the temporary occupancy certificate and the date of the full one; what the late-2025 variance authorised; which entity signs and warrants; and the unit's own finished elevation certificate.
Ten units, and not one of them sold
Ask what is available, and ask for the documents nobody here is required to publish.
The area
A velocity zone only a whole parcel test can see, and a base flood that fell while the category got stricter
The hazard finding here is the sharpest method lesson in the series, and it is specific to this parcel. A point query at the centre of this site returns the ordinary peninsula answer and nothing else: inside the special flood hazard area, base flood elevation eight feet. A velocity zone with a base flood elevation of eleven feet and the moderate wave action line are both on this property, and neither appears at the centre point, at twenty-five metres or at fifty. Only a whole parcel test finds them. The federal and county layers agree once the question is asked correctly.
Compare that with the parcel four doors away and you can see how easy the mistake is. There the velocity zone and the wave action line sit fifty to seventy-five metres off the boundary and genuinely do not touch the site. Two neighbouring bayfront parcels, opposite answers, and a point query gets the same result at both. If you are handed a flood determination for a waterfront parcel, ask whether it was run against the whole parcel or against one coordinate.
The map history runs against everyone's instinct too. The older study showed a base flood elevation of eleven feet here and no velocity zone at all. The current panel lowered the base flood to eight feet and added the velocity zone. The headline number fell and the waterfront category got stricter at the same time. An older determination will read three feet high and will not mention the velocity zone.
Ground and freeboard are the reassuring part. Lidar falls about five feet across this one lot, from roughly 5.2 feet down to below zero at the water, and the permit sets the finished floor at about 20.6 feet, so habitable space sits roughly twelve feet above the base flood. The permit asserts an existing grade of four feet, which is inside the lidar range rather than in conflict with it.
The evacuation answer is the peninsula's. Level A, a category one zone, modelled for a ten foot surge. That is the coastal high hazard area on the statutory definition, and it is the first address ordered out in the weakest storm. Being engineered twelve feet up does not change when the county tells you to leave.
On the postcode claim record, the honest framing is the one we can now support with the claims themselves. This postcode has recorded about 1,179 federal flood insurance claims and roughly $108.4 million paid across the life of the programme, with 744 claims and about $100.2 million in 2024 alone. Ninety-eight per cent of those 2024 claims were rated in the same flood categories this parcel sits in, and among claims reporting an elevation the typical lowest floor sat five feet below base flood. The risk is in the right category; this structure is the exception within it.
And the storms everybody names are the wrong ones. The September 2024 storm produced 514 claims and about $93.7 million here; the October storm that actually made landfall in this county produced 210 and about $5.0 million, so the one that missed out-paid the landfall nearly nineteen to one. The 2022 hurricane produced eight claims in this postcode in the whole year. Schools here are Southside Elementary, Booker Middle and Booker High, the same set as the rest of the peninsula and matching no downtown building outright. Confirm with the district before you contract.
What you need to know
Buying from a developer with someone on your side
Representation costs you nothing and the timing is the catch: in a developer sales gallery your agent generally has to be with you or named at your very first contact for the registration to stand. Sort it out before you call.
The case for it here is the disclosure gap, and it is not a small one. At ten units you are owed no prospectus, and this association will never be required to publish its budget, its contracts, its insurance or its inspection reports. Everything a larger building must give you, here you must ask for. Ask before your rescission period closes, because after that the leverage is gone.
Know what the statute still gives you. On a developer sale you are entitled to the condominium documents, and you have a rescission right measured in days from the later of signing or delivery of those documents. Here the declaration and the plat are already recorded, so there is no reason to wait for them. Have someone read the declaration, the budget and the reserve schedule inside that window.
Two clocks started when the declaration recorded, and one has not. The structural integrity reserve study runs on a ten year cycle from the creation of the condominium, which happened this autumn, and turnover has a hard backstop seven years from recording. The milestone inspection clock has NOT started, because it runs from the full certificate of occupancy and only a temporary one exists. On current law that first inspection falls thirty years after the full certificate issues. The twenty-five year trigger requires a local determination that no jurisdiction in this county has made, and the familiar three mile test was repealed in 2022.
We did not search Florida regulatory enforcement records or civil dockets for any builder, developer, contractor or land-holding entity, so read the absence of any such note as unchecked, not clean. Get an independent inspection of the specific unit before closing even though the building is substantially finished, use the one year window afterwards, and read the limited warranty before you sign.
Subdiview is not affiliated with, endorsed by, or sponsored by Six88, any homebuilder, any developer of Six88, the City of Sarasota, or Sarasota County. The developer is identified here because it is the owner of record in the county property records and the declarant on the recorded declaration, which is a statement of fact and not a representation of any relationship. Community names and marks are the property of their respective owners and are used for identification only. Subdiview is operated by a real estate broker licensed in Illinois. We are not your agent, we do not represent you, and we perform no real estate brokerage services in this state. No one at Subdiview is licensed in this state. If you join an interest list, your information is referred to a real estate professional licensed in the state where the property is located, who will contact you directly. We are compensated by that professional's brokerage, not by you. Pricing, plans, inventory, district, tax, flood and approval details on this page carry the dates shown, are as published, proposed or reported rather than committed, and are subject to change without notice.
Questions and answers
Six88 FAQ
Is Six88 finished?
Substantially, but not formally. A temporary certificate of occupancy issued in September 2026 with a one month expiry, the field for the full certificate is blank, and final inspections were still being passed on the day we pulled the record. The declaration of condominium and the condominium plat both recorded in September 2026, which we verified at the county clerk in both directions. So the building exists, the condominium legally exists, and the occupancy certificate is provisional.
How many units are left?
All ten. Not one unit has conveyed to a third party, so the sponsor holds the entire building. That is unusual even among the unsold new buildings on this street, where the comparable positions are ten of twenty-nine sold and eight of sixty-five sold. A building with zero closings and a temporary occupancy certificate is a very different negotiation from one with recorded comparables, in both directions.
What do I get, and not get, at ten units?
This is the most important thing on the page. Florida owes a buyer a prospectus only where a residential condominium has more than twenty units, and requires an association to maintain a website and publish its budget, contracts, insurance policies and inspection reports only at twenty-five or more. At ten units this building clears neither. It is the only new building on this peninsula in that position: one nearby at twenty-nine units clears both, and two others at twenty-three and twenty units clear the first but not the second. Nothing here is being withheld improperly. It simply means that every document another building would have to hand you or post, you have to ask for.
What are the taxes here?
The peninsula carries 16.0862 mills across fourteen authorities, the second highest of the sixty-five millage codes in this county, with nothing between it and the downtown improvement district. The surcharge is two computed lines rather than the flat two mills downtown. The homestead exemption saves a flat $651.94 a year at any assessed value at or above $75,000, which at bayfront values is around one per cent of a bill. One thing to expect: the parcel is currently taxed at about $96,500 a year on $6,000,000 of land with an improvement value of zero, under a finished nine storey building. That is an assessment date artefact, not a bargain, and it will correct on the next roll.
Is it a flood risk?
Yes, and this parcel is the one place on the peninsula where the answer depends on how you ask. A point query at the centre returns the ordinary peninsula answer: inside the special flood hazard area with a base flood elevation of eight feet. Only a whole parcel test finds what else is there, which is a velocity zone with a base flood elevation of eleven feet and the moderate wave action line, both on the property. The federal and county layers agree once you ask correctly. Ground runs from about 5.2 feet down to below zero at the water, and the permit sets the finished floor at about 20.6 feet, so the building is engineered roughly twelve feet above the base flood.
Did this replace an older building?
No, and it is the only new building on this street that did not. Every other recent tower here was assembled by buying out an existing condominium, twenty-seven households at one site and fifty at another. This lot was cleared in 2004, when three two storey houses came down, and it has been vacant for twenty-two years since. There is no termination of a condominium in the record because there was never a condominium to terminate.
Before you make an offer
Get your inside track on Six88
We will connect you with a real estate professional licensed in Florida who represents you rather than the seller, who can register you before your first contact with the sales gallery, and who will get you what this page could not: current asking prices and unit sizes, the condominium documents and budget that nobody here is required to publish, the association's insurance and reserve schedule, the conditions on the temporary occupancy certificate, and what the peninsula's other buildings have actually traded at.
It costs nothing, creates no brokerage relationship by itself, and does not obligate you to anything.