The Plaza at Five Points

The Plaza at Five Points (also known as 50 Central or sometimes referred to as the Buchanan Building) is a luxury high-rise condominium tower located at 50 Central Avenue, Sarasota, FL 34236, right in the heart of downtown Sarasota.Built in 2005 (with some sources listing 2006 as the completion year), this 16- to 17-story mixed-use building features a symmetrical modern facade with large windows and private balconies, blending residential luxury with ground-level retail and office space. It contains approximately 50–52 exclusive condominium residences, making it a relatively low-density, boutique-style high-rise compared to larger towers.Key Building Details

• Location Advantages: Prime downtown position at the intersection known as "Five Points," steps from Main Street's vibrant shops, restaurants, galleries, theaters, and cultural venues. It's highly walkable to Whole Foods Market (literally next door or across the street), the Sarasota Opera House, Selby Gardens, the bayfront, and other urban amenities. Easy access to beaches like Lido Key and St. Armands Circle (short drive), yet in the core of Sarasota's lively downtown scene.
• Residence Sizes and Layouts: Units range from about 1,595 to 4,174–4,181 square feet. Typical configurations include 2- to 3-bedroom plans (some with dens or additional baths), often featuring open layouts, high ceilings, floor-to-ceiling windows for abundant natural light, private balconies/terraces with city and partial bay views, gourmet kitchens with premium appliances, quartz/granite countertops, custom cabinetry, and high-end finishes.
• Current Market Snapshot (as of January 2026): Listings typically range from around $1.15 million for smaller 2-bed units to $3.5 million+ for larger penthouses or high-floor residences. For example, recent or active examples include 2-bed/2-bath units around 1,671 sq ft at ~$1.5 million and larger 3-bed penthouses up to 4,174 sq ft in the $3–$3.5 million range. The building has a handful of condos actively for sale, with average prices in the mid-to-high six figures to low seven figures.
• Amenities: Includes a rooftop pool (common in downtown Sarasota high-rises), fitness center, secured parking/garage, concierge or lobby services, and resident-friendly features like elevators and secure entry. The building is pet-friendly in many cases.
• HOA/Condo Policies: Monthly fees vary but often cover building maintenance, insurance, amenities, reserves, and common areas (expect $1,200–$2,000+ depending on unit size). Leasing is allowed with restrictions—minimum lease periods around 2–6 months and limits like 2–6 leases per year (varies by source; confirm with current HOA docs). No major red flags in public reviews; it's known for a secure, upscale feel in a central spot.

This building appeals to buyers seeking true downtown urban living with convenience—walk to everything from dining and entertainment to groceries—while enjoying elevated views and modern luxury finishes in a well-established (not brand-new) property. It's particularly attractive in today's Sarasota market for its prime location amid ongoing downtown revitalization, though buyers should review recent HOA financials for reserve status and any post-Surfside-related assessments common in Florida condos.If you're considering a purchase or want the latest listings, comps, or a tour, contact us for more information or to arrange a presentation!