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Sold for $1,599,000
  • $1,599,000

    340 S PALM AVENUE #121, SARASOTA, FL 34236

    2beds
    1,836sqft
    Condominium
    Built in 1998
    -- sqft lot
    $1,537,800 Zestimate®
    $871/sqft
    $6,456 Estimated rent

    Home value

    $1,537,800

    $1.38M - $1.71M

    $6,456/mo

    Zestimate® history
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    What's special

    One or more photo(s) has been virtually staged. Fantastic Bay views and incredible sunsets from this 12th floor unit in Sarabande! Luxurious building located directly across from the bayfront and the marina in the heart of downtown Sarasota. You will enjoy this bright and open floor plan with floor to ceilings glass featuring a large terrace, which will be your special place to really capture the spectacular water views and the glittering lights at night. This unit has beautiful travertine tile throughout, 2 en-suite bedrooms, a private office with gorgeous built-ins, the kitchen has been updated with a new built-in oven and microwave, and a new induction cooktop. There is plenty of cabinet space, a pantry, and an eat-in area. A spacious laundry room with a sink and service door to the hallway is located off the kitchen as well. The main bedroom has direct access to the terrace, and 2 custom walk-in closets. Two (2) deeded parking spaces and extra storage are included. Sarabande offers the convenience of a 24-hour concierge service, two pools and a rejuvenating spa. There is also a fitness center, massage room, and steam rooms to cater to your well-being, along with the club room and catering kitchen, library, wine storage and two guest suites. Enjoy the cultural aspects of downtown Sarasota by walking to the vibrant theater district, or exploring the array of restaurants and nearby shops. Experience the essence of Sarasota's downtown lifestyle and make this exceptional residence your own.

    Zillow last checked:

    Listing updated:

    Listed by:

    Bibi-Ann Allard, PA 941-685-0422,

    MICHAEL SAUNDERS & COMPANY 941-951-6660

    Bought with:

    Robert T Anderson, 3054681

    RE/MAX ALLIANCE GROUP

    Source: Stellar MLS,MLS#: A4628152MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Features: Walk-In Closet(s)
    • Level: First
    • Dimensions: 19x18
    Bedroom 2
    • Features: Built-in Closet
    • Level: First
    • Dimensions: 11x18
    Balcony porch lanai
    • Level: First
    • Dimensions: 10x19
    Den
    • Features: Built-In Shelving
    • Level: First
    • Dimensions: 12x13
    Foyer
    • Level: First
    • Dimensions: 6x9
    Great room
    • Level: First
    • Dimensions: 19x38
    Kitchen
    • Level: First
    • Dimensions: 10x19
    Laundry
    • Level: First
    • Dimensions: 9x9
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Exhaust Fan, Microwave, Refrigerator, Washer
    • Laundry: Laundry Room
    Features
    • Built-in Features, High Ceilings, Living Room/Dining Room Combo, Solid Surface Counters, Split Bedroom, Thermostat, Walk-In Closet(s)
    • Flooring: Porcelain Tile
    • Doors: Sliding Doors
    • Windows: Window Treatments
    • Has fireplace: No
    Interior area
    • Total structure area: 2,024
    • Total interior livable area: 1,836 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Deeded, Under Building
    • Attached garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Exterior features: Balcony
    • Pool features: In Ground
    • Has view: Yes
    • View description: Bay/Harbor - Full, Gulf/Ocean - Partial
    • Has water view: Yes
    • Water view: Bay/Harbor - Full,Gulf/Ocean - Partial
    • Waterfront features: Bay/Harbor, Bay/Harbor Access
    • Body of water: SARASOTA BAY & GULF OF MEXICO
    Details
    • Parcel number: 2027114046
    • Zoning: DTB
    • Special conditions: None

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • Block, Concrete, Stucco
    • Foundation: Raised
    • Roof: Other
    Condition
    • Completed
    • New construction: No
    • Year built: 1998

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Public

    Community & HOA

    Community
    • Features: Pool
    • Security: Fire Sprinkler System, Gated Community, Key Card Entry, Smoke Detector(s)
    • Pet fee: $0 monthly
    • Subdivision: SARABANDE
    HOA
    • Has HOA: No
    • Amenities included: Clubhouse, Elevator(s), Fitness Center, Gated, Lobby Key Required, Pool, Security, Spa/Hot Tub, Storage, Wheelchair Access
    • Services included: 24-Hour Guard, Community Pool, Reserve Fund, Insurance, Manager, Pool Maintenance, Recreational Facilities, Security, Sewer, Trash, Water
    • HOA fee: $1,854 monthly
    • HOA name: Kyanne Merrill
    • HOA phone: 941-957-1639
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $871/sqft
    • Tax assessed value: $1,251,000
    • Annual tax amount: $13,311
    • Date on market: 11/6/2024
    • Cumulative days on market: 6 days
    • Listing terms: Cash
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    3/14/2025Listing removed$7,500$4/sqft
    Source: Stellar MLS #A4635023 Report a problem
    1/9/2025Listed for rent$7,500$4/sqft
    Source: Stellar MLS #A4635023 Report a problem
    12/2/2024Sold$1,599,000$871/sqft
    Source: Stellar MLS #A4628152 Report a problem
    11/13/2024Pending sale$1,599,000$871/sqft
    Source: Stellar MLS #A4628152 Report a problem
    11/6/2024Listed for sale$1,599,000-10.9%$871/sqft
    Source: Stellar MLS #A4628152 Report a problem
    7/11/2024Listing removed$1,795,000$978/sqft
    Source: Stellar MLS #A4580393 Report a problem
    3/21/2024Price change$1,795,000-4.3%$978/sqft
    Source: Stellar MLS #A4580393 Report a problem
    2/27/2024Price change$1,875,000-3.8%$1,021/sqft
    Source: Stellar MLS #A4580393 Report a problem
    1/23/2024Price change$1,950,000-2.5%$1,062/sqft
    Source: Stellar MLS #A4580393 Report a problem
    11/2/2023Price change$2,000,000-5.9%$1,089/sqft
    Source: Stellar MLS #A4580393 Report a problem
    8/25/2023Listed for sale$2,125,000+55.7%$1,157/sqft
    Source: Stellar MLS #A4580393 Report a problem
    11/7/2016Sold$1,365,000-2.2%$743/sqft
    Source: Stellar MLS #A4155440 Report a problem
    7/8/2016Pending sale$1,395,000$760/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    6/20/2016Price change$1,395,000-2.1%$760/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    5/27/2016Listed for sale$1,425,000+30.1%$776/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    3/12/2010Sold$1,095,000-8.4%$596/sqft
    Source: Public Record Report a problem
    11/2/2009Listed for sale$1,195,000+78.9%$651/sqft
    Source: Michael Saunders & Companyr #3915925 Report a problem
    7/10/2000Sold$668,000$364/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$19,063 -12.6%$1,251,000 -14.6%
    2024$21,822 +60.7%$1,465,400 +55.3%
    2023$13,581 +2%$943,458 +3%
    2022$13,311 -0.9%$915,979 +3%
    2021$13,437 -8.5%$889,300 -5.9%
    2020$14,684 +1.7%$945,300 +1.4%
    2019$14,433 $931,800 -9.9%
    2018$14,433 -10.4%$1,034,264 -7.4%
    2017$16,111 +34.4%$1,117,400 0%
    2016$11,986 $1,117,700 +13.7%
    2015$11,986 $983,200 +36.6%
    2014$11,986 +0.3%$719,900
    2013$11,952 +0.4%$719,900 -1.7%
    2012$11,909 +1.6%$732,500
    2011$11,720 -2.6%$732,500 +4.4%
    2010$12,036 +25.3%$701,300 +10.6%
    2009$9,608 $634,196 +0.1%
    2008$9,608 -0.1%$633,562 +3%
    2007$9,616 $615,109 +2.5%
    2006-- $600,106 +3%
    2005-- $582,627 +3%
    2004$9,779 -1.2%$565,657 +1.9%
    2003$9,893 +3.6%$555,110 +2.4%
    2002$9,549 +20.8%$542,100 +21%
    2001$7,907 +2.2%$448,050 +3%
    2000$7,737 $435,000
    Find assessor info on the county website

    Neighborhood: Downtown

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,537,800
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,537,800