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Sold for $2,350,000
  • $2,350,000

    340 S PALM AVENUE #45, SARASOTA, FL 34236

    3beds
    2,761sqft
    Condominium
    Built in 1998
    -- sqft lot
    $2,220,800 Zestimate®
    $851/sqft
    $7,890 Estimated rent

    Home value

    $2,220,800

    $2.00M - $2.47M

    $7,890/mo

    Zestimate® history
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    What's special

    Sophisticated open spaceFloor-to-ceiling windowsAbundant natural lightGenerous denCustom built-insBreathtaking panoramic viewsBespoke cabinetry
    Enjoy unparalleled luxury with scenic bay vistas and resort-like amenities. Welcome to this exceptional residence at the Sarabande Condominium, offering 2,761 square feet of luxurious living with breathtaking panoramic views of Sarasota's iconic Bayfront. After exiting the elevator into the newly remodeled, semi-private entry, you are greeted by a sophisticated open space adorned with warm wood flooring and striking coffered ceilings that create a welcoming and refined atmosphere. The heart of the home is the expansive central living area, where walls of glass frame Sarasota’s stunning shoreline and cityscape. An impressive kitchen features bespoke cabinetry, a beautiful stone-topped island with bar seating, and top-of-the-line Thermador, GE, and Bosch appliances. A wine enthusiast’s dream, the kitchen boasts a 130-bottle wine refrigerator while a water filtration system ensures purity in every glass. Sliders from the kitchen and dining area open onto a spacious balcony, offering stunning views of Sarasota Bay. The primary suite offers an unparalleled retreat with floor-to-ceiling windows showcasing picturesque views, custom built-ins, spacious walk-in closet, and spa-inspired bath with dual vanities and walk-in shower. The guest bedroom also enjoys abundant natural light from large windows, built-in drawers and an en-suite bath, while a generous den provides flexibility as a potential third bedroom with a built-in Murphy bed and desk. Throughout the residence, you’ll find thoughtful design touches, including motion-sensor lights in the custom closets and automated blinds in the living room and primary bedroom. Additional features include a central air purifier, LG washer/dryer (less than 3 years old), and a 50-gallon water heater installed in December 2024. For added convenience, the home offers garage parking for two vehicles, complete with 220V outlet for electric vehicle charging capability, and two storage units with racks. The Sarabande Condominium offers a host of first-class amenities, including pools, spa, fully equipped fitness center with steam room and massage facilities, and a well-appointed club room with a catering kitchen. Residents enjoy concierge service, professional on-site management, and access to guest suites for visitors. Additional amenities include a library, wine storage, and a newly installed roof (2024). The property has also completed its Milestone Inspection Report for peace of mind. Embrace the epitome of refined living in Sarabande.

    Zillow last checked:

    Listing updated:

    Listed by:

    Georgina Clamage 941-586-3789,

    MICHAEL SAUNDERS & COMPANY 941-951-6660,

    Mary Pat Phillips Radford 941-587-9905,

    MICHAEL SAUNDERS & COMPANY

    Bought with:

    Georgia Salaverri, 0705963

    COLDWELL BANKER REALTY

    Source: Stellar MLS,MLS#: A4635785MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Great Room, Utility Room, Media Room, Storage Rooms
    Primary bedroom
    • Features: Built-In Shelving, Walk-In Closet(s)
    • Level: First
    • Area: 304 Square Feet
    • Dimensions: 16x19
    Bedroom 2
    • Features: Built-In Shelving, Built-in Closet
    • Level: First
    • Area: 270 Square Feet
    • Dimensions: 15x18
    Bedroom 3
    • Features: Built-in Closet
    • Level: First
    • Area: 195 Square Feet
    • Dimensions: 13x15
    Balcony porch lanai
    • Level: First
    • Area: 180 Square Feet
    • Dimensions: 12x15
    Dinette
    • Level: First
    • Area: 168 Square Feet
    • Dimensions: 12x14
    Great room
    • Features: Built-In Shelving
    • Level: First
    • Area: 735 Square Feet
    • Dimensions: 21x35
    Kitchen
    • Level: First
    Heating
    • Electric, Heat Pump
    Cooling
    • Central Air
    Appliances
    • Included: Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Washer, Wine Refrigerator
    • Laundry: Inside, Laundry Room
    Features
    • Ceiling Fan(s), Coffered Ceiling(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Split Bedroom, Walk-In Closet(s)
    • Flooring: Engineered Hardwood, Granite, Vinyl
    • Doors: Sliding Doors
    • Windows: Window Treatments
    • Has fireplace: No
    • Common walls with other units/homes: Corner Unit
    Interior area
    • Total structure area: 3,051
    • Total interior livable area: 2,761 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Circular Driveway, Guest, On Street, Under Building
    • Attached garage spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Patio
    • Exterior features: Balcony, Sidewalk
    • Has view: Yes
    • View description: City, Water, Bay/Harbor - Partial
    • Has water view: Yes
    • Water view: Water,Bay/Harbor - Partial
    Lot
    • Features: Historic District, City Lot
    Details
    • Additional structures: Storage
    • Parcel number: 2027114016
    • Zoning: DTB
    • Special conditions: None

    Construction

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

    Utilities & green energy

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

    Community & HOA

    Community
    • Features: Clubhouse, Deed Restrictions, Fitness Center, Park, Pool
    • Security: Security Lights, Smoke Detector(s)
    • Pet fee: $0 monthly
    • Subdivision: SARABANDE
    HOA
    • Has HOA: No
    • Amenities included: Clubhouse, Elevator(s), Fitness Center, Park, Pool, Security, Spa/Hot Tub, Storage
    • Services included: 24-Hour Guard, Community Pool, Maintenance Structure, Maintenance Grounds, Manager, Pool Maintenance, Security
    • HOA fee: $2,768 monthly
    • HOA name: Kyanne Merrill
    • HOA phone: 941-951-1639
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $851/sqft
    • Tax assessed value: $2,007,700
    • Annual tax amount: $14,626
    • Date on market: 1/17/2025
    • Cumulative days on market: 56 days
    • Ownership: Condominium
    • Total actual rent: 0
    • Road surface type: Asphalt, Paved

    Price history

    DateEventPrice
    4/25/2025Sold$2,350,000-6%$851/sqft
    Source: Stellar MLS #A4635785 Report a problem
    3/14/2025Pending sale$2,500,000$905/sqft
    Source: Stellar MLS #A4635785 Report a problem
    2/11/2025Price change$2,500,000-3.8%$905/sqft
    Source: Stellar MLS #A4635785 Report a problem
    1/17/2025Listed for sale$2,600,000+166.7%$942/sqft
    Source: Stellar MLS #A4635785 Report a problem
    11/16/2010Sold$975,000-2.3%$353/sqft
    Source: Public Record Report a problem
    8/26/2010Listed for sale$997,500-33.3%$361/sqft
    Source: NRT Florida #A3930963 Report a problem
    1/8/2009Listing removed$1,495,000$541/sqft
    Source: NRT Florida #A3898145 Report a problem
    11/22/2008Listed for sale$1,495,000+116.3%$541/sqft
    Source: NRT Florida #A3898145 Report a problem
    6/24/1998Sold$691,200$250/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$15,372 +5.1%$1,029,246 +2.9%
    2024$14,626 +2.9%$1,000,239 +3%
    2023$14,220 +2.7%$971,106 +3%
    2022$13,848 -0.9%$942,821 +3%
    2021$13,975 -1.1%$915,360 +1.4%
    2020$14,137 +2.6%$902,722 +2.3%
    2019$13,777 $882,426 +1.9%
    2018$13,777 +1.6%$865,973 +2.1%
    2017$13,555 -0.3%$848,162 -32.2%
    2016$13,600 $1,251,200 +13.7%
    2015$13,600 $1,100,700 +36.5%
    2014$13,600 +0.3%$806,300
    2013$13,563 +0.6%$806,300 -1.5%
    2012$13,485 +1.6%$818,700
    2011$13,276 +19.3%$818,700 +20.8%
    2010$11,130 +9.7%$677,993 +2.7%
    2009$10,147 $660,168 +0.1%
    2008$10,147 +0%$659,508 +3%
    2007$10,147 $640,299 +2.5%
    2006-- $624,682 +3%
    2005-- $606,487 +3%
    2004$10,308 -1%$588,822 +1.9%
    2003$10,415 +3.7%$577,843 +2.4%
    2002$10,041 +7.2%$564,300 +1.6%
    2001$9,367 +1.9%$555,413 +3%
    2000$9,191 $539,236
    Find assessor info on the county website

    Neighborhood: Downtown

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Southside Elementary
    • Middle: Booker Middle
    • High: Sarasota High

    Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $2,220,800
    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
    $2,220,800