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  • $2,721,700

    500 S Palm Ave Unit 101, Sarasota, FL 34236

    3beds
    2,830sqft
    Condo
    Built in 2000
    -- sqft lot
    $2,721,700 Zestimate®
    $962/sqft
    $7,526 Estimated rent

    Home value

    $2,721,700

    $2.42M - $3.02M

    $7,526/mo

    Zestimate® history
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    $7,526/mo

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    Rent Zestimate®

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    $18,868/mo

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    $18,868/mo

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    What's special

    You will be awed by the expansive water views from this 10th floor 3 bedroom, 2.5 bathroom, pet friendly condo located on coveted South Palm Avenue in downtown Sarasota. This 3655 square foot condo boasts 2830 sf under air and 2 large wrap around balconies of over 800 sf. Enter through the double doors to an elegant circular foyer which leads to an expansive living room with separate dining room. Marble floors, high ceilings and magnificent water views provide this lovely room with opulence and splendor. The floor to ceiling windows and sliders provide natural light and views of Sarasota Bay, downtown, Ringling bridge, the keys and beyond. The open but separate dining room features classic molding and strategically placed mirrors to enhance the dining experience. The large eat in kitchen has city and Bay views, with a separate pass-through area to the living room that is perfect for entertaining. The large owners suite, complete with custom built-in cabinetry, contains sliders that lead to a semi-circular balcony. Unique to the design of this bedroom suite are two separate bathrooms, each containing separate closets and commodes, yet sharing a common shower with access from both sides, allowing for privacy and separation. Guest bedroom with ensuite bath has sliders that lead to its own separate balcony. The 3rd room doubles as a bedroom or den/office, with sliders that provide access to the balcony. The private laundry room contains lots of storage and counter space. A separate climate-controlled storage closet is located next to the unit, facilitating storage and would make a wonderful wine cellar. Each condo floor consists of only two units. Parking is a breeze with the secure private garage with two parking spaces and overhead garage door with security code. Enjoy sunbathing and swimming in one of the few lap pools located downtown, complete with outdoor spa and grill. Additional amenities include a newly renovated fitness center with state of the art equipment, a card room, and catering kitchen. This exceptional property is a unique gem in the heart of downtown Sarasota.

    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: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Heating
    • central
    Cooling
    • Central
    Features
    • Flooring: Tile, Carpet
    Interior area
    • Total interior livable area: 2,830 sqft

    Property

    Parking
    • Parking features: Covered, Garage, Open
    Features
    • Exterior features: Cement / Concrete
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Details
    • Parcel number: 2027145019

    Construction

    Type & style
    • Home type: Condo
    Materials
    • concrete
    • Foundation: Piling
    • Roof: Other
    Condition
    • Year built: 2000

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $1,400 monthly
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $962/sqft
    • Tax assessed value: $2,062,100
    • Annual tax amount: $30,757

    Price history

    DateEventPrice
    2/8/2022Sold$2,775,000-7.5%$981/sqft
    Source: Public Record Report a problem
    12/16/2021Pending sale$3,000,000$1,060/sqft
    Source: Stellar MLS #A4517329 Report a problem
    11/11/2021Listed for sale$3,000,000+66.7%$1,060/sqft
    Source: Stellar MLS #A4517329 Report a problem
    5/24/2005Sold$1,800,000+50%$636/sqft
    Source: Stellar MLS #A270296 Report a problem
    6/8/2001Sold$1,200,000$424/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$30,757 -4.7%$2,062,100 -6.5%
    2024$32,266 -3.3%$2,205,800 -2.9%
    2023$33,380 +12.7%$2,271,800 +15.7%
    2022$29,613 +56.7%$1,963,400 +59.2%
    2021$18,901 -1.2%$1,233,077 +1.4%
    2020$19,127 +2.6%$1,216,052 +2.3%
    2019$18,643 $1,188,712 +1.9%
    2018$18,643 +1.6%$1,166,548 +2.1%
    2017$18,346 -0.7%$1,142,554 -25.8%
    2016$18,472 $1,538,800 +6.6%
    2015$18,472 $1,443,900 +32.9%
    2014$18,472 +0.2%$1,086,163
    2013$18,426 +3.9%$1,086,163 +1.7%
    2012$17,733 +5.1%$1,068,007 +3%
    2011$16,873 -3%$1,036,900 -1%
    2010$17,401 -19.5%$1,047,400 -15.9%
    2009$21,625 $1,245,300 -10.2%
    2008$21,625 -11.1%$1,387,400 -9.5%
    2007$24,326 $1,532,800 -3.7%
    2006-- $1,591,200 +46.6%
    2005-- $1,085,508 +3%
    2004$18,693 -1.5%$1,053,891 +1.9%
    2003$18,968 +2.6%$1,034,240 +2.4%
    2002$18,483 +37.5%$1,010,000 +35.6%
    2001$13,445 $745,000
    Find assessor info on the county website

    Neighborhood: Downtown

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $2,721,700
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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
    $2,721,700