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Off market
  • $5,144,500

    401 S Palm Ave #1101, Sarasota, FL 34236

    4beds
    5,708sqft
    Condo
    Built in 2006
    -- sqft lot
    $5,144,500 Zestimate®
    $901/sqft
    $10,366 Estimated rent

    Home value

    $5,144,500

    $4.42M - $5.97M

    $10,366/mo

    Zestimate® history
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    $10,366/mo

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    Rent Zestimate®

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    $33,042/mo

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    $33,042/mo

    Est. payment

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    What's special

    All the amenities of downtown Sarasota are just steps away from this extraordinary penthouse of unmatched splendor on Sarasota Bay. Located in the exclusive Savoy on Palm, with four bedroom suites and five full baths, this stylish sleek 5700 sf residence presents a uniquely flexible floor plan for matching your family and lifestyle needs. The drama unfolds in the rotunda entry foyer with onyx inlay floor and lighted sky dome, framing broad vistas of the sparkling Bay and Gulf beyond. Beautifully scaled rooms with multiple exposures abound highlighted by the firelit living room with floor-to-ceiling windows and vast 2000 sf terrace. The ultra-modern kitchen boasts a Viking gas range, Poggenpohl cabinetry, stone counters, butler's pantry & expansive city views. Enjoy the spacious master suite with gorgeous water views, luxurious bath with 8 ft soaking tub, relax in your private hot tub on the terrace. Guests are treated like royalty with a beautiful guest suite that boasts a private elevator entrance. Lavish features include 1,200-bottle wine cellar, 10' ceilings, marble floors, designer lighting, sound system, outdoor gas grill, private elevator foyer, 3-car garage. The Savoy's array of hospitalities includes concierge, social lounge, fitness center, heated 60' pool/spa, rooftop sunset terrace, guest suite. Live life to the fullest in what has been called one of the "Happiest Cities in America" with a spectacular waterfront, restaurants, theaters, galleries, Farmer's Market, & brilliant white-sand beaches.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 5
    • Full bathrooms: 5
    Heating
    • central
    Cooling
    • Central
    Features
    • Flooring: Carpet
    Interior area
    • Total interior livable area: 5,708 sqft

    Property

    Parking
    • Parking features: Garage, Open
    Features
    • Exterior features: Stucco
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Details
    • Parcel number: 2027115023

    Construction

    Type & style
    • Home type: Condo
    Materials
    • masonry
    • Foundation: Piling
    • Roof: Other
    Condition
    • Year built: 2006

    Community & HOA

    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $901/sqft
    • Tax assessed value: $4,466,300
    • Annual tax amount: $67,747

    Price history

    DateEventPrice
    1/2/2019Listing removed$4,500,000$788/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4413262 Report a problem
    11/29/2018Listed for sale$4,500,000$788/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4413262 Report a problem
    11/20/2018Pending sale$4,500,000$788/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4413262 Report a problem
    9/12/2018Listed for sale$4,500,000-5.3%$788/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4413262 Report a problem
    7/1/2018Listing removed$4,750,000$832/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    6/4/2018Price change$4,750,000-4.9%$832/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    1/6/2018Price change$4,995,000-10.8%$875/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    9/1/2017Price change$5,600,000-3.4%$981/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    5/17/2017Listed for sale$5,800,000+71%$1,016/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    10/16/2006Sold$3,391,500$594/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$67,747 -0.4%$4,466,300 -2.4%
    2024$68,035 +50.1%$4,574,900 +50%
    2023$45,314 +2.4%$3,049,932 +3%
    2022$44,255 -1.1%$2,961,099 +3%
    2021$44,741 -1.2%$2,874,853 +1.4%
    2020$45,292 +2.6%$2,835,161 +2.3%
    2019$44,165 $2,771,418 +1.9%
    2018$44,165 +1.6%$2,719,743 +2.1%
    2017$43,475 -0.5%$2,663,803 -21.6%
    2016$43,681 $3,396,200 +3.7%
    2015$43,681 +0.1%$3,275,200 +29.3%
    2014$43,658 +0.1%$2,532,330
    2013$43,593 +3.9%$2,532,330 +1.7%
    2012$41,957 -1%$2,490,000 -2.7%
    2011$42,381 -0.3%$2,558,270 +1.5%
    2010$42,495 +1.2%$2,520,463 +2.7%
    2009$41,995 $2,454,200 -6.4%
    2008$41,995 -10.9%$2,622,100 -10.4%
    2007$47,143 $2,925,000
    Find assessor info on the county website

    Neighborhood: Downtown

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $5,144,500
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    Estimated market value
    $5,144,500