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Sold for $3,200,000
  • $3,200,000

    401 S PALM AVENUE #1003, SARASOTA, FL 34236

    3beds
    2,975sqft
    Condominium
    Built in 2006
    -- sqft lot
    $3,036,700 Zestimate®
    $1,076/sqft
    $7,954 Estimated rent

    Home value

    $3,036,700

    $2.73M - $3.34M

    $7,954/mo

    Zestimate® history
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    What's special

    Nestled in an unparalleled location on Palm Avenue in Downtown Sarasota, this rarely available, spectacular 3 bedroom, 3.5 bath, 2975 sf residence offers sweeping views of Sarasota Bay in the coveted Savoy on Palm with only 24 exclusive units. This 10th floor condominium has undergone a remarkable renovation with every detail meticulously designed, crafted and executed. The luxurious tone begins with the custom 8' stainless steel and glass inlay doors in the private entry foyer, white marble floors, silver metallic cabinetry and trim, and chic dark green marble feature walls. The living room with beautiful electric fireplace and adjacent large dining room feature designer lighting and boast glorious natural light and incredible water views through floor to ceiling impact sliding doors. Enjoy a beverage on the sprawling wrap around terrace or relax and watch the sunset as the balmy breezes envelop the space. The state-of-the-art kitchen features chic white metallic Poggenpohl cabinetry, white Seaglass countertops/island, hand-crafted and stylish La Cornue gas range, Subzero refrigerator, Wolf stainless hood, Bosch dishwasher, under counter beverage refrigerator, custom glass front built-ins with 8' lighted glass-inlay doors clad in stainless steel, and classic white subway tile backsplash in a herringbone pattern. A well-appointed and renovated powder room is located just off the entertaining spaces. The primary bedroom and luxe bathroom, a restful retreat with fantastic Bay views and private terrace access, has been completely renovated. Marble, glass, tile and timeless stainless fixtures elicit a refined yet peaceful feel. Notable features include glass and tile surround shower with rain head, free standing soaking tub, marble countertops with dual sinks, and 2 walk-in closets. The guest bedrooms, one with Murphy bed and wood built-ins, have renovated en-suite baths with fully updated amenities including Taj Mahal Quartzite and sea glass counters, high seat Kohler commodes, glass sink, shower niches, and Riobel shower handles. Custom closets offer plenty of storage space. The laundry room has been revamped with Maytag commercial washer/dryer, utility sink, cabinets, and granite countertop/backsplash. The furnishings and appointments include museum-quality, antique and mid-century pieces. Further enhancing the stylish decor are 7 stainless and glass inlay soft-close pocket doors, new Restoration Hardware Ralph Lauren Collection lighting, 9-foot ceilings and 8' doors exclusive to the 10th floor and penthouse levels, and electric window treatments. The residence is equipped with 2 AC zones with UV lights, ensuring comfort and efficiency. The private 2-car oversized garage with custom storage and epoxy floor is a rare amenity in this Downtown setting. The Savoy on Palm offers a private boutique setting for the ultimate in stylish city living. Residents enjoy concierge service, on-site manager, a tropical poolside oasis with 60' pool/spa, fitness center with massage room, social room with catering kitchen, guest suite, air-conditioned storage, fenced dog walk, and rooftop sunset terrace. Sarasota is renowned as the cultural capital of Florida, with its pristine powder soft beaches, restaurants, shops, marinas, golf courses, and sporting events. This property epitomizes luxury living in Sarasota, offering both elegance and functionality in a coveted waterfront setting.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lenore Treiman 941-356-9642,

    MICHAEL SAUNDERS & COMPANY 941-951-6660

    Bought with:

    Tom Palazzo, 3547475

    COLDWELL BANKER REALTY

    Source: Stellar MLS,MLS#: A4616531MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Utility Room, Storage Rooms
    Primary bedroom
    • Features: Walk-In Closet(s)
    • Level: First
    • Dimensions: 17x16
    Bedroom 2
    • Features: Built-in Closet
    • Level: First
    • Dimensions: 13x13
    Bedroom 3
    • Features: Built-in Features, Built-in Closet
    • Level: First
    • Dimensions: 15x14
    Primary bathroom
    • Features: Split Vanities, Stone Counters, Tub with Separate Shower Stall
    • Level: First
    Dining room
    • Level: First
    • Dimensions: 16x12
    Kitchen
    • Features: Built-In Shelving, Kitchen Island, Stone Counters
    • Level: First
    • Dimensions: 18x18
    Living room
    • Level: First
    • Dimensions: 20x20
    Heating
    • Central, Zoned
    Cooling
    • Central Air, Zoned
    Appliances
    • Included: Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer, Wine Refrigerator
    • Laundry: Laundry Room
    Features
    • Built-in Features, Eating Space In Kitchen, Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Stone Counters, Walk-In Closet(s)
    • Flooring: Marble
    • Doors: Sliding Doors
    • Windows: Storm Window(s), Window Treatments
    • Has fireplace: Yes
    • Fireplace features: Electric
    • Common walls with other units/homes: Corner Unit
    Interior area
    • Total structure area: 3,450
    • Total interior livable area: 2,975 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Deeded, Ground Level, Guest, Under Building
    • Attached garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Exterior features: Balcony, Storage
    • Pool features: Heated, Lap
    • Has view: Yes
    • View description: Water, Bay/Harbor - Full
    • Has water view: Yes
    • Water view: Water,Bay/Harbor - Full
    Lot
    • Features: FloodZone, City Lot, Near Marina, Sidewalk
    Details
    • Parcel number: 2027115022
    • Zoning: DTE
    • Special conditions: None

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Contemporary
    • Property subtype: Condominium
    Materials
    • Block, Stucco
    • Foundation: Slab
    • Roof: Membrane
    Condition
    • Completed
    • New construction: No
    • Year built: 2006

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Natural Gas Connected, Public, Street Lights

    Community & HOA

    Community
    • Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Fitness Center, Pool
    • Security: Smoke Detector(s)
    • Pet fee: $0 monthly
    • Subdivision: THE SAVOY ON PALM
    HOA
    • Has HOA: No
    • Amenities included: Security
    • Services included: Community Pool, Reserve Fund, Maintenance Structure, Maintenance Grounds, Pool Maintenance, Security, Sewer, Trash, Water
    • HOA fee: $2,974 monthly
    • HOA name: Bill Veal
    • HOA phone: 941-951-2800
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $1,076/sqft
    • Tax assessed value: $2,537,600
    • Annual tax amount: $25,671
    • Date on market: 9/16/2024
    • Ownership: Condominium
    • Total actual rent: 0
    • Road surface type: Paved

    Price history

    DateEventPrice
    11/12/2024Sold$3,200,000-2.3%$1,076/sqft
    Source: Stellar MLS #A4616531 Report a problem
    10/15/2024Pending sale$3,275,000$1,101/sqft
    Source: Stellar MLS #A4616531 Report a problem
    10/15/2024Listed for sale$3,275,000$1,101/sqft
    Source: Stellar MLS #A4616531 Report a problem
    9/16/2024Pending sale$3,275,000+39.4%$1,101/sqft
    Source: Stellar MLS #A4616531 Report a problem
    5/24/2018Sold$2,350,000-11.3%$790/sqft
    Source: Stellar MLS #A4212831 Report a problem
    3/28/2018Pending sale$2,650,000$891/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    3/9/2018Listed for sale$2,650,000+32.5%$891/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    2/18/2015Sold$2,000,000+17.3%$672/sqft
    Source: Public Record Report a problem
    8/24/2006Sold$1,705,000$573/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$30,427 +15.5%$2,037,600 +13.3%
    2024$26,344 +2.6%$1,798,322 +3%
    2023$25,671 +2.4%$1,745,944 +3%
    2022$25,072 -1%$1,695,091 +3%
    2021$25,327 -1.2%$1,645,719 +1.4%
    2020$25,637 +2.6%$1,622,997 +2.3%
    2019$24,993 $1,586,507 -5.1%
    2018$24,993 -5.5%$1,672,531 +2.1%
    2017$26,442 +22.4%$1,638,130 -3.9%
    2016$21,605 $1,704,400 +3.7%
    2015$21,605 +0.1%$1,643,700 +29.4%
    2014$21,590 +0.2%$1,269,928
    2013$21,554 +3.9%$1,269,928 +1.7%
    2012$20,741 +1.4%$1,248,700 -0.3%
    2011$20,463 -1.3%$1,253,000 +0.5%
    2010$20,727 +2.6%$1,246,983 +2.7%
    2009$20,195 $1,214,200 -6.4%
    2008$20,195 -11.6%$1,297,200 -9.9%
    2007$22,842 $1,440,000
    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
    $3,036,700
    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
    $3,036,700