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Off market
  • $2,546,200

    401 S Palm Ave Unit 501, Sarasota, FL 34236

    3beds
    3,172sqft
    Condo
    Built in 2006
    -- sqft lot
    $2,546,200 Zestimate®
    $803/sqft
    $7,824 Estimated rent

    Home value

    $2,546,200

    $2.29M - $2.85M

    $7,824/mo

    Zestimate® history
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    $16,640/mo

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    What's special

    Gorgeous Views of Sarasota Bay from this three exposure end unit at The Savoy. Additional views of the City skyline are framed by old growth oaks from the many floor to ceiling windows along the side of the aparment. Prime location on tranquil tree lined Palm Ave yet only 2 1/2 blocks to the epicenter of Downtown at Main and Palm and 2 blocks to the Bay and Marina. Tall windows offer abundant light in this 3172 sq ft of understated elegance. Interior finishes include light solid wood floors, granite and marble topped custom cabinetry in kitchen and baths. Appliances include Sub Zero side by side refrigeration, Sub Zero dual controlled wine cooler, Poggen Pohl cabinetry, built in Miele Chef Convection ovens with rotisseries, Dacor warming oven, Gas Cook top, Miele wall hood, Asko dishwasher, and Asko washer and dryer. Closets are all fitted with custom built-ins. Owner parking is in a private 2 car garage within the parking level. The ammenities for the 24 units at The Savoy are top drawer offering a two room guest suite for visiting guests, a community gathering room with full bar, a living room for more intimate gatherings, a very impressive fitness room with all new top of the line professional equipment, a private massage and spa room, and saunas. The lovely pool and spa are combined with a gathering area around the twin Wolf gas grills and an outdoor kitchen and bar providing active outdoor living few condominium buildings can match.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • central
    Cooling
    • Central
    Appliances
    • Laundry: Inside, Laundry Room
    Features
    • High Ceiling(s), Living Room/Dining Room Combo, Split Bedroom, Walk-In Closet(s), Window Treatments, Open Floorplan, Kitchen/Family Room Combo, Built in Features, Stone Counters
    • Flooring: Carpet, Hardwood
    • Windows: Window Treatments, Insulated Windows, Low Emissivity Windows
    Interior area
    • Structure area source: Public Records
    • Total interior livable area: 3,172 sqft

    Property

    Parking
    • Parking features: Garage, Open
    Accessibility
    • Accessibility features: Accessible Entrance, Accessible Approach with Ramp, Accessible Doors, Accessible Full Bath, Accessible Hallway(s)
    Features
    • Levels: One
    • Exterior features: Stucco
    • Spa features: Heated, In Ground
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Features: Street Paved, In City Limits, Sidewalk, Near Marina
    • Residential vegetation: Mature Landscaping
    Details
    • Additional structures: Outdoor Kitchen
    • Parcel number: 2027115005
    • Zoning: DTE

    Construction

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

    Utilities & green energy

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

    Community & HOA

    Community
    • Security: Key Card Entry, Smoke Detector(s), Fire Sprinkler System, Secured Garage / Parking, Closed Circuit Camera(s), Security System
    • Subdivision: THE SAVOY ON PALM
    HOA
    • Amenities included: Recreation Facilities, Fitness Center, Security, Spa/Hot Tub, Elevators, Maintenance, Clubhouse, Pool, Sauna, Lobby Key Required
    • Services included: Cable TV, Maintenance Grounds, Recreational Facilities, Escrow Reserves Fund, Insurance, Maintenance Exterior, Pest Control, Security, Water, Community Pool, Gas, Pool Maintenance
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $803/sqft
    • Tax assessed value: $2,279,900
    • Annual tax amount: $26,440

    Price history

    DateEventPrice
    9/30/2024Listing removed$2,950,000$930/sqft
    Source: Stellar MLS #A4623466 Report a problem
    9/27/2024Listed for sale$2,950,000+47.5%$930/sqft
    Source: Stellar MLS #A4623466 Report a problem
    12/4/2019Sold$2,000,000-4.8%$631/sqft
    Source: Stellar MLS #A4431465 Report a problem
    9/9/2019Pending sale$2,100,000$662/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4431465 Report a problem
    3/26/2019Listed for sale$2,100,000+23.9%$662/sqft
    Source: MICHAEL SAUNDERS & COMPANY #A4431465 Report a problem
    4/4/2010Listing removed$1,695,000$534/sqft
    Source: Michael Saunders & Companyr #3914618 Report a problem
    10/9/2009Listed for sale$1,695,000+29.5%$534/sqft
    Source: Michael Saunders & Companyr #3914618 Report a problem
    7/27/2006Sold$1,308,400$412/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$26,440 +4.7%$1,771,919 +2.9%
    2024$25,265 +2.7%$1,721,982 +3%
    2023$24,612 +2.4%$1,671,827 +3%
    2022$24,028 -1%$1,623,133 +3%
    2021$24,269 -1.2%$1,575,857 +1.4%
    2020$24,564 +38.1%$1,554,100 +37.3%
    2019$17,792 $1,131,925 +1.9%
    2018$17,792 +1.6%$1,110,819 +2.1%
    2017$17,509 -0.5%$1,087,972 -27.7%
    2016$17,592 $1,505,100 +3.7%
    2015$17,592 +0.1%$1,451,500 +40.3%
    2014$17,579 +0.2%$1,034,276
    2013$17,549 +3.9%$1,034,276 +1.7%
    2012$16,889 +4.9%$1,016,987 +3%
    2011$16,105 -0.3%$987,366 +1.5%
    2010$16,161 +2.6%$972,774 +2.7%
    2009$15,753 $947,200 -6.4%
    2008$15,753 -13.1%$1,012,000 -11.2%
    2007$18,128 $1,140,000
    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: 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
    $2,546,200
    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
    $2,546,200