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Sold for $1,150,000
  • $1,150,000

    340 S Palm Ave Unit 15, Sarasota, FL 34236

    3beds
    2,761sqft
    Condominium
    Built in 1998
    -- sqft lot
    $1,124,900 Zestimate®
    $417/sqft
    $7,890 Estimated rent

    Home value

    $1,124,900

    $1.02M - $1.24M

    $7,890/mo

    Zestimate® history
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    What's special

    One or more photo(s) has been virtually staged. One or more photos have been virtually staged. Dont miss one of the best-priced condominium residences in downtown Sarasota. This 2,700 SF/three-bedroom/3.5 bath Sarabande condominium boasts an exceptional combination of space and value, with the luxury and convenience of a Palm Avenue location. Whether youre a year-round resident or seasonal snowbird, youll appreciate the size and flow of this home, the well-managed and fully funded community, and the recent payment of a one-time special assessment by the motivated sellers. Step off the elevator into your semi-private foyer, then through the front door into a light-filled 21 x 21 ft. living area. Floor-to-ceiling windows frame the city, and a comfortable terrace with bridge and city views invites you to relax and unwind. The adjacent dining area, featuring a custom-built buffet, easily accommodates 8-10 guests, making it an ideal space for family gatherings or entertaining friends. Continue to the kitchen with a center island and dining bar, ample cabinet space, cozy eat-in breakfast area, built-in workspace, and direct terrace access. Through a set of double doors, the spacious owners retreat features a striking wall of windows and a modern en-suite bath with dual vanities, a large shower, a separate water closet, and two walk-in closets. Comfortably removed from the living and owner spaces, your guests will enjoy their own quarters, complete with an en-suite bath, ensuring luxury and privacy. The third en-suite is yours to customize; whether you envision it as a third bedroom, media room, home office, or an art studio, the choice is yours. A separate powder bath is available to visitors. There is no shortage of storage throughout this spacious home, with closets in the entry and guest area, a pantry, a cedar-lined closet, and generous built-in closets in each bedroom. The residence also includes two garage parking spaces and a storage area. Sarabande boasts professional 24/7 staffing and meticulously maintained amenities: a heated lap pool, a second plunge pool, a large spa, and a grilling area. Stay fit in the well-equipped fitness center, which includes a massage room, sauna, and changing areas. Additional perks include two guest suites, a wine locker, a library, a boardroom, and a spacious community event area with an expansive terrace and full kitchen. Grandly situated across from Sarasota Bay & the marina, Sarabande is a refined urban retreat with the theaters, galleries, shops, spas, and restaurants of Palm Ave and Main St. just outside your door. The sellers are motivated, and the home is comfortably move-in ready.

    Zillow last checked:

    Source: Douglas Elliman,MLS#: A4596801MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Interior area
    • Total structure area: 2,761
    • Total interior livable area: 2,761 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: GarageAttached
    • Has attached garage: Yes
    Features
    • Patio & porch: Patio
    • Has view: Yes
    • View description: City, Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 1.29 Acres
    Details
    • Parcel number: 2027114005

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Other
    • Property subtype: Condominium
    Condition
    • Year built: 1998

    Community & HOA

    Community
    • Subdivision: SARASOTA
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $417/sqft
    • Tax assessed value: $1,194,700
    • Annual tax amount: $18,422
    • Date on market: 1/31/2024
    • Lease term: Contact For Details

    Price history

    DateEventPrice
    11/5/2025Sold$1,150,000$417/sqft
    Source: Public Record Report a problem
    7/16/2025Listing removed$1,150,000$417/sqft
    Source: Stellar MLS #A4596801 Report a problem
    6/5/2025Price change$1,150,000-10.5%$417/sqft
    Source: Stellar MLS #A4596801 Report a problem
    4/28/2025Price change$1,285,000-4.8%$465/sqft
    Source: Stellar MLS #A4596801 Report a problem
    4/17/2025Price change$1,350,000-14%$489/sqft
    Source: Stellar MLS #A4596801 Report a problem
    2/24/2025Price change$1,570,000-4.8%$569/sqft
    Source: Stellar MLS #A4596801 Report a problem
    11/19/2024Listed for sale$1,650,000-7.8%$598/sqft
    Source: Stellar MLS #A4596801 Report a problem
    8/28/2024Listing removed--
    Source: Stellar MLS #A4596801 Report a problem
    7/23/2024Price change$1,790,000-5.3%$648/sqft
    Source: Stellar MLS #A4596801 Report a problem
    3/15/2024Price change$1,890,000-4.3%$685/sqft
    Source: Stellar MLS #A4596801 Report a problem
    1/31/2024Listed for sale$1,975,000+58%$715/sqft
    Source: Stellar MLS #A4596801 Report a problem
    12/16/2008Sold$1,250,000+52.4%$453/sqft
    Source: Public Record Report a problem
    5/6/2003Sold$820,000+33.8%$297/sqft
    Source: Public Record Report a problem
    10/20/1998Sold$612,700$222/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$18,422 -2.2%$1,194,700 +4.5%
    2024$18,844 +6.4%$1,143,728 +10%
    2023$17,703 +9.6%$1,039,753 +10%
    2022$16,155 +17.9%$945,230 +10%
    2021$13,707 -27.9%$859,300 -26.6%
    2020$19,020 +1.7%$1,170,600 +2.7%
    2019$18,702 $1,139,380 +10%
    2018$18,702 +10.8%$1,035,800 -12%
    2017$16,879 -3.4%$1,176,724 -3.3%
    2016$17,478 $1,217,200 +13.7%
    2015$17,478 $1,070,800 +36.5%
    2014$17,478 +26.2%$784,400
    2013$13,844 +5.6%$784,400 -1.5%
    2012$13,110 +1.7%$796,300
    2011$12,893 -6.7%$796,300 -5%
    2010$13,822 -9%$838,200 -15.9%
    2009$15,190 $996,500 +1.5%
    2008$15,190 -0.7%$981,400 +1.6%
    2007$15,297 $966,175 +2.5%
    2006-- $942,610 +3%
    2005-- $915,155 +3%
    2004$15,606 +53.7%$888,500 +57.7%
    2003$10,153 +3.7%$563,502 +2.4%
    2002$9,788 +7.2%$550,295 +1.6%
    2001$9,130 +1.9%$541,629 +3%
    2000$8,958 $525,853
    Find assessor info on the county website

    Neighborhood: Downtown

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,124,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,124,900