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Sold for $2,400,000
  • $2,400,000

    500 S PALM AVENUE #31, SARASOTA, FL 34236

    3beds
    2,830sqft
    Condominium
    Built in 2000
    -- sqft lot
    $2,386,400 Zestimate®
    $848/sqft
    $7,561 Estimated rent

    Home value

    $2,386,400

    $2.17M - $2.63M

    $7,561/mo

    Zestimate® history
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    What's special

    His-and-hers bathroomsLarge pantryFresh coastal paletteFlexible sitting areaWhirlpool spaGlorious sunsetsAmple storage throughout
    Spectacular Bay, Downtown, John Ringling Bridge views and glorious sunsets are yours in this sophisticated 3 bedroom, 3.5 bath Downtown Sarasota residence in the exclusive Tessera condominium, providing a distinguished lifestyle and easy access to all that Sarasota has to offer. Exceeding the highest standards of design, form and function, numerous updates and features offer convenience and refined style and this exceptional home blends the privacy and scale of a single-family residence with the ease and amenities of luxury condominium living. Enter the home through the beautifully appointed double-door foyer, framed by a circular tray ceiling, bespoke chandelier, and gallery-style walls ideal for art and sculpture. The walls of glass bestow best-in-class panoramic views while thoughtful finishes; warm luxury vinyl plank flooring, chic Mica wallpaper, designer lighting, and a fresh coastal palette set a tone of understated sophistication. Walk into the expansive main living area, where floor-to-ceiling sliders optimize Bay views and effortlessly connect to a flexible sitting area—perfect for relaxing, watching the game, or opening to the main space for larger gatherings. The elegant dining area offers stunning Bay vistas that elevate every meal. The kitchen is both functional and inviting, showcasing stone countertops, a double-door refrigerator, dual wall ovens, a large pantry, abundant cabinetry, and a convenient pass through to the dining area. Enter the sprawling primary suite, a private retreat enhanced by its own terrace and a reimagined layout providing his-and-hers bathrooms, dual vanities, two generous walk-in closets, soaking bathtub and a shared marble-and-glass surround shower. Floor-to-ceiling windows frame treetop and Bay views, creating a serene environment from sunrise to sunset. The additional bedrooms offer comfort and privacy, including a guest suite with ensuite bathroom and terrace access, and a second guest bedroom currently serving as a sophisticated office with custom wood built-ins and tailored desk. The convenient guest bath features custom wallpaper and the large laundry room features a brand-new full-size washer and dryer. Solid-core paneled doors, on trend gold hardware, new lighting from Franklin Lighting, and ample storage throughout enhance the home’s effortless livability. Step onto the two sprawling wrap-around terraces—quiet, private, and designed for year-round enjoyment—ideal for dining, lounging, or entertaining among mature live oak canopies or taking in sweeping Bay views and world class sunsets. A rare, oversized private two-car garage with built-in shelving and electrical outlet, an on-floor storage room, and all building water detection system further elevate convenience. Tessera offers exceptional privacy with only two residences per floor and no shared common walls. Amenities include a heated 60-foot pool with sun deck, whirlpool spa, and state-of-the-art fitness center —all fully updated in 2024, along with the lobby and community spaces redesigned by JKL Design. The pet friendly building also offers a grilling area and bicycle storage. Located in the heart of Sarasota’s downtown, just steps from Main Street, Burns Court, the Bayfront, and Selby Gardens, Tessera offers an unparalleled blend of luxury and convenience.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lenore Treiman 941-356-9642,

    MICHAEL SAUNDERS & COMPANY 941-951-6660

    Bought with:

    Ethel Lovelace, 0598345

    MICHAEL SAUNDERS & COMPANY

    Source: Stellar MLS,MLS#: A4671352MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Den/Library/Office
    Primary bedroom
    • Features: Ceiling Fan(s), En Suite Bathroom, Walk-In Closet(s)
    • Level: First
    • Area: 320 Square Feet
    • Dimensions: 16x20
    Bedroom 2
    • Features: Walk-In Closet(s)
    • Level: First
    • Area: 224 Square Feet
    • Dimensions: 14x16
    Bedroom 3
    • Features: Built-in Closet
    • Level: First
    • Area: 208 Square Feet
    • Dimensions: 13x16
    Primary bathroom
    • Features: Bath w Spa/Hydro Massage Tub, Dual Sinks, Tub with Separate Shower Stall
    • Level: First
    Balcony porch lanai
    • Level: First
    • Area: 825 Square Feet
    • Dimensions: 33x25
    Balcony porch lanai
    • Level: First
    • Area: 345 Square Feet
    • Dimensions: 23x15
    Den
    • Level: First
    • Area: 96 Square Feet
    • Dimensions: 8x12
    Dining room
    • Level: First
    • Area: 160 Square Feet
    • Dimensions: 10x16
    Foyer
    • Level: First
    Kitchen
    • Level: First
    Living room
    • Level: First
    • Area: 399 Square Feet
    • Dimensions: 19x21
    Heating
    • Central, Zoned
    Cooling
    • Central Air, Zoned
    Appliances
    • Included: Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer, Water Filtration System
    • Laundry: Laundry Room
    Features
    • Built-in Features, Ceiling Fan(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s)
    • Flooring: Luxury Vinyl, Marble
    • Doors: Sliding Doors
    • Windows: Blinds, Window Treatments
    • Has fireplace: No
    • Common walls with other units/homes: End Unit
    Interior area
    • Total structure area: 3,655
    • Total interior livable area: 2,830 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Deeded, Garage Door Opener, Guest, Under Building
    • Attached garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered, Wrap Around
    • Exterior features: Balcony, Lighting, Storage
    • Has view: Yes
    • View description: City, Water, Bay/Harbor - Full, Intracoastal Waterway
    • Has water view: Yes
    • Water view: Water,Bay/Harbor - Full,Intracoastal Waterway
    Lot
    • Features: City Lot, Near Marina, Near Public Transit, Sidewalk
    • Residential vegetation: Mature Landscaping
    Details
    • Parcel number: 2027145005
    • Zoning: DTB
    • Special conditions: None

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Contemporary
    • Property subtype: Condominium
    Materials
    • Block, Stucco
    • Foundation: Slab
    • Roof: Membrane
    Condition
    • New construction: No
    • Year built: 2000

    Utilities & green energy

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

    Community & HOA

    Community
    • Features: Association Recreation - Owned, Buyer Approval Required, Fitness Center, Pool
    • Security: Fire Sprinkler System, Key Card Entry, Smoke Detector(s)
    • Pet fee: $0 monthly
    • Subdivision: TESSERA
    HOA
    • Has HOA: No
    • Amenities included: Elevator(s), Lobby Key Required, Storage
    • Services included: Cable TV, Community Pool, Reserve Fund, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Security, Sewer, Trash, Water
    • HOA fee: $2,883 monthly
    • HOA name: Honna Nisbet
    • HOA phone: 941-359-1134
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $848/sqft
    • Tax assessed value: $1,740,800
    • Annual tax amount: $20,105
    • Date on market: 11/21/2025
    • Cumulative days on market: 124 days
    • Listing terms: Cash,Conventional
    • Ownership: Condominium
    • Total actual rent: 0
    • Road surface type: Paved

    Price history

    DateEventPrice
    4/23/2026Sold$2,400,000-3.8%$848/sqft
    Source: Stellar MLS #A4671352 Report a problem
    3/27/2026Pending sale$2,495,000$882/sqft
    Source: Stellar MLS #A4671352 Report a problem
    2/18/2026Price change$2,495,000-7.4%$882/sqft
    Source: Stellar MLS #A4671352 Report a problem
    1/14/2026Price change$2,695,000-5.4%$952/sqft
    Source: Stellar MLS #A4671352 Report a problem
    11/21/2025Listed for sale$2,850,000+111.1%$1,007/sqft
    Source: Stellar MLS #A4671352 Report a problem
    5/28/2014Sold$1,350,000-6.9%$477/sqft
    Source: Public Record Report a problem
    2/28/2014Pending sale$1,450,000$512/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    2/12/2014Price change$1,450,000-3.3%$512/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    11/20/2013Listed for sale$1,500,000+39.5%$530/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    12/6/2001Sold$1,075,000+40.5%$380/sqft
    Source: Public Record Report a problem
    4/3/2000Sold$765,000$270/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$20,943 +5%$1,402,597 +2.9%
    2024$19,943 +2.7%$1,363,068 +3%
    2023$19,418 +2.5%$1,323,367 +3%
    2022$18,940 -1%$1,284,822 +3%
    2021$19,130 -3.2%$1,247,400 -0.7%
    2020$19,765 -3.5%$1,255,600 -3.7%
    2019$20,477 $1,303,600 +14%
    2018$20,477 +10%$1,143,800 -7%
    2017$18,614 -6.2%$1,229,900 0%
    2016$19,851 $1,230,500 +6.6%
    2015$19,851 +16.1%$1,154,700 +34.8%
    2014$17,102 +17.9%$856,654
    2013$14,508 +3.9%$856,654 +1.7%
    2012$13,964 +5.3%$842,334 +3%
    2011$13,265 -3.2%$817,800 -1%
    2010$13,703 -11.9%$826,100 -15.9%
    2009$15,561 $982,300 -1.8%
    2008$15,561 +0.7%$999,801 +3%
    2007$15,451 $970,681 +2.5%
    2006-- $947,006 +3%
    2005-- $919,423 +3%
    2004$15,842 -1.4%$892,644 +1.9%
    2003$16,073 +15.9%$876,000 +20%
    2002$13,874 +17.5%$730,000 +8.1%
    2001$11,808 $675,000
    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: Stellar 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
    $2,386,400
    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
    $2,386,400