Amara on Sarasota Bay is a new-construction luxury condominium planned for Golden Gate Point, a small peninsula at the entrance to downtown Sarasota framed by Sarasota Bay, the marina, and the John Ringling Causeway. It is being developed by The Ronto Group with Wheelock Street Capital on the bayfront site of the former Pier 550 condominium (Your Observer and Sarasota Magazine, 2025).
The project is planned as two eight-story towers of luxury residences on a bayfront parcel of roughly two and a quarter acres. The Ronto Group acquired the existing Pier 550 units through a buyout, the Sarasota Planning Board approved the new project in January 2025, and demolition of the old building began that same month, with construction expected to take about two years (Business Observer and Your Observer, 2025). Unit counts, floor plans, finishes, and the delivery date come from the developer offering documents and can change, so confirm the current plan before you rely on any detail.
Because Amara is pre-construction, the buy is the developer and the plan, not a finished building. The deposit and milestone schedule, the construction timeline, the developer track record, and the budget and reserve assumptions matter as much as the floor plan, and a brand-new bayfront tower carries its own flood and insurance considerations that have to be read against the documents.
The pitch is a new bayfront residence in a walkable downtown Sarasota location with bay and marina views, on one of the most sought-after peninsulas in the city. The work is verifying the timeline, the offering terms, and the flood and insurance picture, and matching the specific floor and view to the price rather than buying the address on faith.
