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Off market
  • $2,508,800

    401 S Palm Ave Unit 402, Sarasota, FL 34236

    3beds
    3,600sqft
    Condominium
    Built in 2006
    -- sqft lot
    $2,508,800 Zestimate®
    $697/sqft
    $7,689 Estimated rent

    Home value

    $2,508,800

    $2.23M - $2.81M

    $7,689/mo

    Zestimate® history
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    What's special

    Matterport 3D video now on the Virtual Tour link! Spectacular in every sense, this one-of-a-kind Savoy on Palm retreat in the heart of Downtown on Sarasota's Bayfront features incredible sunsets, extraordinary custom finishes, and an uncompromising focus on quality and elegant living. Custom designed with three en-suite bedrooms plus den/office, three baths and a gracious powder room, and living room with electric fireplace, the thoughtfully-configured 3600 sq. ft. floor plan balances private and social spaces. No expense has been spared in creating sophisticated living areas filled with beautiful wood built-ins, travertine floors, sound system, incredible closet space, and designer lighting. The host in you will appreciate this cook's kitchen, equipped with Subzero/Wolf/Dacor/Bosch appliances, cabinetry by Poggenpohl and a butlers pantry with wine refrigerator for keeping champagne crisply chilled. Expansive bayside and city terraces. The private two-car garage is a rare amenity in this downtown setting. 3 zones of AC. The Savoy on Palm, a chic residential address, offers a private boutique setting for the ultimate in stylish city living. Residents enjoy concierge service, a tropical poolside oasis with 60' pool/spa, fitness center, social room, guest suite, private fenced dog walk for your four-legged family member, and a rooftop sunset terrace. Fully funded reserves. Sarasota is renowned as the cultural capital of Florida, with its pristine powder soft beaches, restaurants, shops, marinas, golf communities, and sporting events.

    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.

    Originating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • central, Electric
    Cooling
    • Central
    Appliances
    • Laundry: Laundry Room
    Features
    • Ceiling Fans(s), Eating Space In Kitchen, Split Bedroom, Stone Counters, Crown Molding, Solid Wood Cabinets, Built in Features, Window Treatments, Wet Bar
    • Flooring: Carpet, Hardwood
    • Windows: Blinds, Window Treatments
    • Fireplace features: Living Room, Electric
    Interior area
    • Structure area source: Public Records
    • Total interior livable area: 3,600 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage, Open
    Features
    • Levels: One
    • Patio & porch: Patio, Covered
    • Exterior features: Stucco
    • Spa features: Heated, In Ground
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Body of water: SARASOTA BAY
    Lot
    • Features: In City Limits, Sidewalk, FloodZone
    Details
    • Parcel number: 2027115003
    • Zoning: DTE

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Custom
    • Property subtype: Condominium
    Materials
    • masonry
    • Foundation: Piling
    • Roof: Other
    Condition
    • Completed
    • Year built: 2006

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: BB/HS Internet Available, Street Lights, Cable Connected

    Community & HOA

    Community
    • Security: Secured Garage / Parking, Smoke Detector(s), Fire Sprinkler System, Key Card Entry
    • Subdivision: THE SAVOY ON PALM
    HOA
    • Services included: Community Pool, Maintenance Grounds, Recreational Facilities, Security, Trash, Cable TV, Insurance, Maintenance Exterior, Sewer, Water, Escrow Reserves Fund, Manager, Gas
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $697/sqft
    • Tax assessed value: $2,233,600
    • Annual tax amount: $32,634
    • Listing terms: Cash, Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    12/3/2020Sold$1,850,000-2.4%$514/sqft
    Source: Stellar MLS #A4446224 Report a problem
    8/26/2020Pending sale$1,895,000$526/sqft
    Source: MICHAEL SAUNDERS & COMPANY #A4446224 Report a problem
    6/4/2020Price change$1,895,000-5%$526/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4446224 Report a problem
    12/20/2019Price change$1,995,000-5%$554/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4446224 Report a problem
    9/17/2019Listed for sale$2,100,000-4.5%$583/sqft
    Source: MICHAEL SAUNDERS & COMPANY #A4446224 Report a problem
    7/1/2019Listing removed$2,200,000$611/sqft
    Source: Coldwell Banker Residential Real Estate - Longboat Key #A4416201 Report a problem
    10/19/2018Listed for sale$2,200,000-4.3%$611/sqft
    Source: COLDWELL BANKER RES R E #A4416201 Report a problem
    8/8/2018Listing removed$2,300,000$639/sqft
    Source: Coldwell Banker Residential Real Estate - Longboat Key #A4401280 Report a problem
    4/24/2018Price change$2,300,000-4%$639/sqft
    Source: Coldwell Banker Residential Real Estate - Longboat Key #A4401280 Report a problem
    1/12/2018Price change$2,395,000-2.2%$665/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    9/8/2017Listed for sale$2,450,000+98.2%$681/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    7/11/2006Sold$1,236,200$343/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$32,634 +4.9%$2,177,001 +2.9%
    2024$31,101 +2.6%$2,115,647 +3%
    2023$30,308 +2.4%$2,054,026 +3%
    2022$29,601 +14%$1,994,200 +21.4%
    2021$25,972 +51.9%$1,642,900 +51.8%
    2020$17,102 +2.6%$1,082,285 +2.3%
    2019$16,669 $1,057,952 +1.9%
    2018$16,669 +1.6%$1,038,226 +2.1%
    2017$16,404 -0.6%$1,016,872 -35.7%
    2016$16,500 $1,581,100 +3.7%
    2015$16,500 +0.1%$1,524,800 +57.7%
    2014$16,487 +0.2%$966,685
    2013$16,458 +3.9%$966,685 +1.7%
    2012$15,843 +4.9%$950,526 +3%
    2011$15,106 -0.4%$922,841 +1.5%
    2010$15,163 +2.6%$909,203 +2.7%
    2009$14,783 $885,300 -6.4%
    2008$14,783 -14.3%$945,800 -12.4%
    2007$17,246 $1,080,000
    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: Booker High

    Source: The 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
    $2,508,800
    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
    $2,508,800