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Sold for $1,244,300
  • $1,244,300

    500 S Palm Ave Unit 102, Sarasota, FL 34236

    3beds
    3,315sqft
    Condominium
    Built in 2000
    -- sqft lot
    $2,951,300 Zestimate®
    $375/sqft
    $7,526 Estimated rent

    Home value

    $2,951,300

    $2.51M - $3.48M

    $7,526/mo

    Zestimate® history
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    $9,829/mo

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    $9,829/mo

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    What's special

    Spectacular Bay, Gulf of Mexico, New Pass, City, and John Ringling Bridge views are yours in this sophisticated and exclusive Downtown Sarasota residence on the 10th floor of the Tessera condominium, providing a distinguished lifestyle and easy access to all that Sarasota has to offer. As you enter the home, walls of glass bestow best-in-class panoramic views while thoughtful finishes provide a sense of sophisticated comfort. Exceeding the highest standards of design, form and function, numerous updates and remodeled features have been executed to offer convenience and refined style. Refinished hardwood floors, a fresh color palette, beautiful limestone surfaces, modern LED Control 4 lighting/music/window treatments, and an updated kitchen package are just some of what makes this home better than new. The feeling of luxury is endless with the grand floor plan opening the living room to the kitchen and dining area. Create your latest culinary inspirations in the chef's kitchen showcasing dark stone countertops and backsplash, sleek cabinetry, and all new Subzero refrigeration, Bosch dishwasher, and Wolf steam oven, convection oven, and induction cooktop. Built-out California Closets in the master suite, guest bedroom and media room/3rd bedroom offer customization and ample storage. Frosted glass double doors open to the master suite with gorgeous bay views, plenty of space and enhanced en-suite his and hers baths with walk-in shower and jetted soaking tub. The guest room includes an en-suite bath and custom built-in which can be fashioned as an office. The expanded laundry room houses a full-size GE washer and dryer, sink and cabinetry. Even the private enclosed private two-car garage includes new epoxy floors and shelving. Watch the city come to life in the morning, light fills the home through the day, sunsets paint across the sky in the evening, and a blanket of stars twinkle at night from nearly every room and your wrap-around balcony. Exciting building upgrades are currently in process with JKL Design including full exterior painting, lobby re-design, and fitness center/community room upgrades. Tessera is a pet-friendly complex with only 2 units per floor, luxe amenities, including a state-of-the-art fitness center, sauna, heated pool, sun deck, and grilling area -- located within Sarasota's walkable downtown.
    Originating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • central
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Refrigerator, Washer
    • Laundry: Inside, Laundry Room
    Features
    • Eating Space In Kitchen, Split Bedroom, Stone Counters, Walk-In Closet(s), Solid Wood Cabinets, Built in Features, Window Treatments
    • Flooring: Carpet, Hardwood
    • Windows: Window Treatments
    Interior area
    • Structure area source: Public Records
    • Total interior livable area: 3,315 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage, Open
    Features
    • Levels: One
    • Patio & porch: Patio, Covered, Wrap Around
    • Exterior features: Other
    • Has view: Yes
    • View description: Water, City
    • Has water view: Yes
    • Water view: Water
    • Body of water: SARASOTA BAY
    Lot
    • Features: In City Limits, Near Public Transit, Sidewalk, Near Marina
    Details
    • Parcel number: 2027145020
    • Zoning: DTB

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Contemporary, Custom
    • Property subtype: Condominium
    Materials
    • concrete
    • Foundation: Piling
    • Roof: Other
    Condition
    • Completed
    • Year built: 2000

    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), Security System Owned, Key Card Entry
    • Subdivision: Tessera
    HOA
    • Has HOA: Yes
    • Services included: Community Pool, Maintenance Grounds, Security, Trash, Cable TV, Insurance, Maintenance Exterior, Maintenance Repairs, Sewer, Water, Escrow Reserves Fund, Manager
    • HOA fee: $1,866 monthly
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $375/sqft
    • Tax assessed value: $2,882,300
    • Annual tax amount: $41,250
    • Listing terms: Cash, Conventional
    • Ownership: Condominium

    Price history

    DateEventPrice
    5/5/2026Sold$1,244,300-54.3%$375/sqft
    Source: Public Record Report a problem
    4/5/2021Sold$2,725,000-2.5%$822/sqft
    Source: Public Record Report a problem
    12/22/2020Pending sale$2,795,000$843/sqft
    Source: Stellar MLS #A4469606 Report a problem
    6/15/2020Listed for sale$2,795,000+18.9%$843/sqft
    Source: MICHAEL SAUNDERS & COMPANY #A4469606 Report a problem
    4/10/2017Sold$2,350,000-12.6%$709/sqft
    Source: Public Record Report a problem
    1/23/2017Pending sale$2,690,000$811/sqft
    Source: Premier Sotheby's International Realty #A4173395 Report a problem
    1/4/2017Listed for sale$2,690,000+58.2%$811/sqft
    Source: PREMIER SOTHEBY''S INTL. REALTY #A4173395 Report a problem
    7/23/2004Sold$1,700,000+69.8%$513/sqft
    Source: Stellar MLS #A232452 Report a problem
    8/10/2000Sold$1,000,900$302/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$41,250 +4.9%$2,765,302 +2.9%
    2024$39,326 +2.5%$2,687,368 +3%
    2023$38,352 +2.1%$2,609,095 +3%
    2022$37,552 +69.8%$2,533,102 +76.4%
    2021$22,119 -1.2%$1,436,053 +1.4%
    2020$22,385 +2.6%$1,416,226 +2.3%
    2019$21,821 $1,384,385 +1.9%
    2018$21,821 +1.6%$1,358,572 +3.1%
    2017$21,476 +0.5%$1,317,094 -28.8%
    2016$21,364 $1,850,900 +6.6%
    2015$21,364 +0.1%$1,736,800 +38.7%
    2014$21,349 +0.2%$1,252,089
    2013$21,314 +3.9%$1,252,089 +1.7%
    2012$20,512 +4.9%$1,231,159 +3%
    2011$19,563 -2.8%$1,195,300 -1%
    2010$20,129 -19.5%$1,207,400 -15.9%
    2009$24,992 $1,435,500 -10.2%
    2008$24,992 -11.2%$1,599,300 -9.7%
    2007$28,146 $1,771,500 +1.2%
    2006-- $1,750,569 +3%
    2005-- $1,699,582 +48.1%
    2004$20,393 -1.5%$1,147,802 +1.9%
    2003$20,694 +2.6%$1,126,400 +2.4%
    2002$20,164 +1249%$1,100,000 +1189.2%
    2001$1,495 $85,327
    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
    $2,951,300
    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
    $2,951,300