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Sold for $2,700,000
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  • $2,700,000

    401 S PALM AVENUE #301, SARASOTA, FL 34236

    3beds
    3,172sqft
    Condominium
    Built in 2006
    -- sqft lot
    $2,625,200 Zestimate®
    $851/sqft
    $7,824 Estimated rent

    Home value

    $2,625,200

    $2.36M - $2.89M

    $7,824/mo

    Zestimate® history
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    What's special

    Gas fireplaceUtility sinkFrench doorsBosch stainless appliancesPrivate oasisSoothing waterfallMassage room
    Welcome to a truly exceptional offering in downtown Sarasota – an exclusive 3rd floor condo in the Savoy on Palm, an intimate building of only 24 units. Rarely available, this distinguished building and unique residence truly stands out amongst the crowd, offering security of a condo with the feelings of a house and yard. With easy access on the main level, this condo features a sprawling terrace over 3400 square feet that is a haven for dog owners and outdoor enthusiasts alike. Sliding and french doors lead you to the terrace from most rooms of the home. This expansive outdoor space is a private oasis, complete with a koi pond accompanied by a soothing waterfall, a gas grilling area, and plenty of seating space surrounded by the lush greenery of flowering trees. The interior of this condo seamlessly pairs elegance with space and functionality. Beautiful crown moldings, elegant window treatments, gas fireplace, and travertine marble floors adorn the living spaces, creating a warm and inviting atmosphere. With 3 bedrooms plus a den, 3.5 bathrooms, and approximately 3200 square feet, there is no shortage of space for comfortable living. The kitchen features plenty of cabinet space, Sub Zero, Dacor, and Bosch stainless appliances, wine refrigerator, a connection for gas cooktop is in place, a center island with sitting area, and a direct access to the terrace. The owner’s suite features custom walk-in closets, tray ceilings, and an ensuite bath, including double vanities, a marble walk-in shower, and large jetted tub to relax in. The den, currently utilized as a dining room, adds versatility to the layout, allowing you to personally tailor the space to your preferences. There is also a large laundry room with utility sink and plenty of storage. The 2 air conditioning units were replaced 3 years ago. Additionally, the property boasts the luxury of a private oversized 2-car garage and a storage area, providing secure parking and extra space for your belongings. Offering same-floor access, the Savoy on Palm features an array of amenities. You will find the lounge, complete with a catering kitchen, a state-of-the-art fitness center and massage room, and should guests wish to stay the night, a guest suite is readily available for their comfort. Enjoy the resort-style heated pool and spa, summer kitchen, convenience of a concierge, and a rooftop terrace providing panoramic views of the city skyline and stunning Sarasota Bay sunsets. This condo presents an unparalleled opportunity to experience the best of downtown Sarasota living. Walkable to the bayfront, many shops and restaurants, as well as the theater district, and a quick drive to St. Armands Circle and the white sand beaches, you have all Sarasota has to offer right at your fingertips. Rarely does a residence of this caliber become available – seize the chance to make it yours and indulge in the ultimate urban retreat.

    Zillow last checked:

    Listing updated:

    Listed by:

    Bibi-Ann Allard, PA 941-685-0422,

    MICHAEL SAUNDERS & COMPANY 941-951-6660

    Bought with:

    Michael Moulton, 0389959

    MICHAEL SAUNDERS & COMPANY

    Source: Stellar MLS,MLS#: A4579421MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Primary bedroom
    • Level: First
    • Dimensions: 17x16
    Bedroom 2
    • Level: First
    • Dimensions: 14x13
    Bedroom 3
    • Level: First
    • Dimensions: 14x14
    Balcony porch lanai
    • Level: First
    Den
    • Level: First
    • Dimensions: 12x15
    Dining room
    • Level: First
    • Dimensions: 17x12
    Great room
    • Level: First
    • Dimensions: 20x20
    Kitchen
    • Features: Kitchen Island
    • Level: First
    • Dimensions: 18x15
    Laundry
    • Level: First
    • Dimensions: 6x8
    Heating
    • Electric
    Cooling
    • Zoned
    Appliances
    • Included: Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer, Water Filtration System, Wine Refrigerator
    • Laundry: Laundry Room
    Features
    • Built-in Features, Crown Molding, Eating Space In Kitchen, High Ceilings, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Walk-In Closet(s)
    • Flooring: Carpet, Engineered Hardwood, Travertine
    • Doors: French Doors, Outdoor Grill
    • Windows: Drapes, Storm Window(s), Shades, Window Treatments
    • Has fireplace: Yes
    • Fireplace features: Gas
    • Common walls with other units/homes: End Unit
    Interior area
    • Total structure area: 3,912
    • Total interior livable area: 3,172 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage Door Opener, Under Building
    • Attached garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Exterior features: Garden, Lighting, Other, Outdoor Grill
    • Fencing: Masonry
    Lot
    • Residential vegetation: Mature Landscaping
    Details
    • Parcel number: 2027115001
    • Zoning: DTE
    • Special conditions: None

    Construction

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

    Utilities & green energy

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

    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, Lobby Key Required, Maintenance, Pool, Recreation Facilities, Security, Spa/Hot Tub, Storage
    • Services included: Community Pool, Reserve Fund, Gas, Insurance, Maintenance Structure, Manager, Pool Maintenance, Security, Sewer, Trash, Water
    • HOA fee: $3,170 monthly
    • HOA name: Bill Veal
    • HOA phone: 941-951-2800
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $851/sqft
    • Tax assessed value: $2,057,700
    • Annual tax amount: $15,482
    • Date on market: 8/17/2023
    • Cumulative days on market: 167 days
    • Listing terms: Cash
    • Ownership: Condominium
    • Total actual rent: 0
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    3/15/2024Sold$2,700,000-10%$851/sqft
    Source: Stellar MLS #A4579421 Report a problem
    1/31/2024Pending sale$2,999,000$945/sqft
    Source: Stellar MLS #A4579421 Report a problem
    10/4/2023Price change$2,999,000-3.3%$945/sqft
    Source: Stellar MLS #A4579421 Report a problem
    8/17/2023Listed for sale$3,100,000+82.4%$977/sqft
    Source: Stellar MLS #A4579421 Report a problem
    8/15/2014Sold$1,700,000-7.9%$536/sqft
    Source: Public Record Report a problem
    8/13/2014Pending sale$1,845,000$582/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    4/24/2014Price change$1,845,000-2.9%$582/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    2/20/2014Price change$1,900,000-2.6%$599/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    1/11/2014Price change$1,950,000-2.4%$615/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    8/24/2013Listed for sale$1,998,000+75.1%$630/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    8/31/2006Sold$1,141,100$360/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$24,153 +51.7%$1,612,619 +48.9%
    2024$15,925 +2.9%$1,082,730 +3%
    2023$15,482 +2.7%$1,051,194 +3%
    2022$15,077 -0.8%$1,020,577 +3%
    2021$15,203 -1.1%$990,851 +1.4%
    2020$15,379 +2.6%$977,171 +2.3%
    2019$14,988 $955,201 +1.9%
    2018$14,988 +1.6%$937,391 +2.1%
    2017$14,748 -0.2%$918,111 -34.9%
    2016$14,771 $1,410,200 +3.7%
    2015$14,771 -35.3%$1,360,000 +55.1%
    2014$22,818 +54.2%$876,601
    2013$14,797 +3.9%$876,601 +1.7%
    2012$14,241 +4.5%$861,948 +3%
    2011$13,634 +0.1%$836,843 +1.5%
    2010$13,624 +2.6%$824,476 +2.7%
    2009$13,283 $802,800 -6.4%
    2008$13,283 -14.1%$857,700 -12%
    2007$15,467 $975,000
    Find assessor info on the county website

    Neighborhood: Downtown

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $2,625,200
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,625,200