Experience breathtaking water views from this stunning 10th floor residence in The Savoy! Located on the picturesque Palm Avenue, one of the prettiest streets in downtown Sarasota, and just steps away from the bayfront, The Savoy offers a harmonious blend of natural surroundings and city living. With only 24 units, The Savoy is an exclusive and sophisticated building that offers leisure and comfort to its residents. This coveted corner unit boasts 3172 sq. ft of living space, 3 en-suite bedrooms, ½ bath, office, private elevator foyer, oversized 2 car garage, and 10 ft ceilings. Walls of floor-to-ceiling impact-resistant tinted glass provide natural light and showcase spectacular sunrises and sunsets. Enjoy the amazing views from 3 balconies, including one that is perfect for outdoor dining. The gourmet kitchen is a chef's dream with upgraded Poggenpohl Pearwood cabinetry, top of the line appliances including a Sub Zero refrigerator, 5 burner Miele gas range, Dacor ovens & microwave, Bosch dishwasher, and an island with a designer glass table. An elegant dining room and living room, with surround sound system, are well positioned to capture the splendid bay and city views. The owner's suite is a peaceful retreat with direct access to the balcony, 2 custom walk-in closets, and a luxurious bathroom with custom cabinetry, 2 sinks, jetted tub, shower, and water closet with bidet. A pleasant den/office space with window and built-ins has its own quiet area. The other 2 bedrooms have a private bathroom, walk-in closets, and each has access to a large balcony. Exceptional amenities in a serene retreat-like setting include a heated lap pool & spa, outdoor kitchen with a grill, fitness center, a massage room, saunas, a guest suite, a social room with a full bar and catering kitchen, a living room, a roof top terrace, a dog walk area, and concierge services. The reserves are fully funded, providing you with peace of mind. Enjoy maintenance-free living in this prestigious downtown location. This is an opportunity not to be missed!
Sold for $3,100,000
$3,100,000
401 S PALM AVENUE #1001, SARASOTA, FL 34236
3beds
3,172sqft
Condominium
Built in 2006
-- sqft lot
$2,969,900 Zestimate®
$977/sqft
$7,824 Estimated rent
Home value
$2,969,900
$2.70M - $3.27M
$7,824/mo
Zestimate® history
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List your homeWhat's special
Outdoor kitchenFt of living spaceImpact-resistant tinted glassMassage roomNatural lightSocial roomPrivate bathroom
Zillow last checked:
Listing updated:
Listed by:
Bibi-Ann Allard, PA 941-685-0422,
MICHAEL SAUNDERS & COMPANY 941-951-6660
Bought with:
Laura Pearson, 3153404
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Source: Stellar MLS,MLS#: A4568472
Originating MLS: Sarasota - Manatee
Originating MLS: Sarasota - Manatee
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Rooms
- Room types: Den/Library/Office, Storage Rooms
Primary bedroom
- Features: Built-In Shelving, Ceiling Fan(s), Walk-In Closet(s)
- Level: First
- Dimensions: 17x16
Bedroom 2
- Features: En Suite Bathroom, Walk-In Closet(s)
- Level: First
- Dimensions: 14x13
Bedroom 3
- Features: En Suite Bathroom, Walk-In Closet(s)
- Level: First
- Dimensions: 14x14
Primary bathroom
- Features: Bidet, Dual Sinks, Tub with Separate Shower Stall
- Level: First
- Dimensions: 12x16
Balcony porch lanai
- Level: First
- Dimensions: 3x8
Balcony porch lanai
- Level: First
- Dimensions: 8x14
Balcony porch lanai
- Features: Other
- Level: First
- Dimensions: 11x28
Den
- Features: Built-In Shelving
- Level: First
- Dimensions: 12x15
Dining room
- Level: First
- Dimensions: 17x12
Foyer
- Features: Exhaust Fan
- Level: First
- Dimensions: 7x9
Kitchen
- Features: Built-In Shelving, Kitchen Island
- Level: First
- Dimensions: 18x15
Laundry
- Level: First
- Dimensions: 6x8
Living room
- Features: Built-In Shelving
- Level: First
- Dimensions: 20x20
Heating
- Central, Electric
Cooling
- Central Air, Zoned
Appliances
- Included: Oven, Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer, Water Filtration System, Water Purifier, Wine Refrigerator
- Laundry: Laundry Room
Features
- Built-in Features, Ceiling Fan(s), Eating Space In Kitchen, High Ceilings, Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s)
- Flooring: Carpet, Travertine
- Doors: Sliding Doors
- Windows: Storm Window(s), Shades, Window Treatments
- Has fireplace: No
Interior area
- Total structure area: 3,665
- Total interior livable area: 3,172 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Door Opener, Under Building
- Attached garage spaces: 2
- Details: Garage Dimensions: 18x20
Features
- Levels: One
- Stories: 1
- Exterior features: Balcony, Storage
- Pool features: Heated, Lap
- Spa features: Heated
- Has view: Yes
- View description: Water, Bay/Harbor - Partial
- Has water view: Yes
- Water view: Water,Bay/Harbor - Partial
- Body of water: SARASOTA BAY
Details
- Parcel number: 2027115020
- Zoning: DTE
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Block, Stucco
- Foundation: Slab
- Roof: Other
Condition
- New construction: No
- Year built: 2006
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & HOA
Community
- Features: Buyer Approval Required, Pool
- Security: Fire Sprinkler System, Key Card Entry, Smoke Detector(s)
- Pet fee: $0 monthly
- Subdivision: THE SAVOY ON PALM
HOA
- Has HOA: No
- Amenities included: Elevator(s), Fitness Center, Security, Storage
- Services included: Community Pool, Reserve Fund, Gas, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pool Maintenance, Recreational Facilities, Sewer, Trash, Water
- HOA fee: $2,816 monthly
- HOA name: Bill Veal
Location
- Region: Sarasota
Financial & listing details
- Price per square foot: $977/sqft
- Tax assessed value: $2,468,900
- Annual tax amount: $26,107
- Date on market: 4/26/2023
- Cumulative days on market: 15 days
- Listing terms: Cash,Conventional
- Ownership: Condominium
- Total actual rent: 0
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 10/4/2023 | Sold | $3,100,000-3%$977/sqft |
Source:  Stellar MLS #A4568472 Report a problem | ||
| 5/12/2023 | Pending sale | $3,195,000$1,007/sqft |
Source: Stellar MLS #A4568472 Report a problem | ||
| 4/26/2023 | Listed for sale | $3,195,000+63.8%$1,007/sqft |
Source: Stellar MLS #A4568472 Report a problem | ||
| 7/3/2013 | Sold | $1,950,000-7.1%$615/sqft |
Source: Stellar MLS #A3976050 Report a problem | ||
| 6/12/2013 | Pending sale | $2,099,000$662/sqft |
Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem | ||
| 4/5/2013 | Listed for sale | $2,099,000+34.9%$662/sqft |
Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem | ||
| 9/1/2006 | Sold | $1,555,500$490/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $36,887 -0.4% | $2,468,900 -2.3% |
| 2024 | $37,052 +38.6% | $2,528,100 +39.2% |
| 2023 | $26,733 +2.4% | $1,815,870 +3% |
| 2022 | $26,107 -1% | $1,762,981 +3% |
| 2021 | $26,375 -1.2% | $1,711,632 +1.4% |
| 2020 | $26,697 -3% | $1,688,000 -3.2% |
| 2019 | $27,510 | $1,743,296 +1.9% |
| 2018 | $27,510 +1.6% | $1,710,791 +2.1% |
| 2017 | $27,076 -0.3% | $1,675,603 -6.2% |
| 2016 | $27,167 | $1,785,700 +3.7% |
| 2015 | $27,167 +0.1% | $1,722,100 +29.4% |
| 2014 | $27,150 +20% | $1,330,745 -13.3% |
| 2013 | $22,621 +3.9% | $1,534,900 +17.3% |
| 2012 | $21,768 +1.3% | $1,308,500 -0.3% |
| 2011 | $21,480 -6.4% | $1,313,000 -4.7% |
| 2010 | $22,938 +2.6% | $1,377,412 +2.7% |
| 2009 | $22,347 | $1,341,200 -6.4% |
| 2008 | $22,347 -11.5% | $1,432,900 -9.9% |
| 2007 | $25,239 | $1,590,000 |
Find assessor info on the county website
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 10/10Southside Elementary SchoolGrades: K-5Distance: 1.7 mi
- 5/10Booker Middle SchoolGrades: 6-8Distance: 2.6 mi
- 5/10Sarasota High SchoolGrades: 9-12Distance: 1 mi
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Estimated market value
$2,969,900
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Estimated market value
$2,969,900
- Florida
- Sarasota County
- Sarasota
- 34236
- Downtown
- 401 S PALM AVENUE Unit 1001
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