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Sold for $2,925,000
  • $2,925,000

    500 S PALM AVENUE #81, SARASOTA, FL 34236

    3beds
    2,830sqft
    Condominium
    Built in 2000
    -- sqft lot
    $2,823,800 Zestimate®
    $1,034/sqft
    $7,526 Estimated rent

    Home value

    $2,823,800

    $2.57M - $3.13M

    $7,526/mo

    Zestimate® history
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    What's special

    PANORAMIC WATER VIEW OF SARASOTA BAY AND NEWLY RENOVATED! Welcome to Tessera, located on the historic and iconic Palm Avenue in Downtown Sarasota. One of the rare opportunities to experience sky living with a highly sought after full water view of Sarasota Bay, the yachts at Marina Jacks, the John Ringling Causeway Bridge that leads to the barrier islands of St. Armand’s, Lido Key, Longboat Key and breathtaking sunsets daily. This residence has a highly sought after view with a location that is has an eclectic mix of art galleries, one of a kind finds and the vibrance of living in a quaint neighborhood with easy access to anywhere in the downtown area, making this the epitome of luxury living in Sarasota. This 3 bedroom, 2.5 bath plus den and a two-car garage is offered at $3,395,000. This newly renovated condo with semi-private access to its location on level 8 has been perfectly and professional designed all throughout. The grand double doors with detailed panels open to a spacious foyer that immediately showcases a water view. The primary bedroom is privately located and separate from the guest en-suite bedroom. It includes features such as a spacious en-suite sanctuary off the primary bedroom. Offering a vanity area that includes beautiful crystal lighting, a quartz countertop, brushed nickel hardware and a beveled mirror. There are two walk-in closets with built-in shelving, an Ove soaking tub with handheld sprayer, a rain shower head with multiple functions, that also include a massage feature. This en-suite bathroom offers natural light which is not always found in many other condos.The primary bedroom has built-in reading lights, room for a reading chair and access to the terrace to enjoy the sunrise with your favorite cup of coffee. The luxury vinyl light oak flooring throughout creates consistency and flow to the residence. The second bedroom has an en-suite bathroom with accent walls that includes wallpaper that elegantly ties in the finishing color palette. The vanity with granite counter top has plenty of storage, double sconce lighting and overhead recessed lighting. The shower has beautiful floor to ceiling porcelain tile, an ANZZI shower head, sprayer and advanced settings. Access to the outdoors is also available with a private terrace that includes a water view. There is a powder room conveniently located for guests. The vanity has a quartz countertop, VIGO faucet, sconce l lights on the side of the mirror plus an overhead chandelier. A third guest bedroom with double doors could be utilized in a variety of ways. There is also a room that is perfect for a den or library. The living room has a panoramic view of Sarasota Bay. It is the perfect place for entertaining friends and family. The kitchen is designed with the most functionality possible. Since it is semi-open to the great room, it also provides an inviting way to keep prepared meals behind the scenes when entertaining. There is counter seating for two at the island, a dry bar area for pouring and serving your favorite house wine from the Sub-Zero wine tower and a walk-in pantry for storing non-perishable items. The GE oven has multiple functions such as convention and air frying. There is also a stainless-steel Wolf Range that provides optimal ventilation when preparing meals. There is also the added benefit of accessing the terrace from the kitchen as well. MAKE YOUR NEXT MOVE EXCEPTIONAL! Schedule your private showing with Lisa Otte soon.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lisa Otte 941-281-5472,

    DOUGLAS ELLIMAN 941-867-6199

    Bought with:

    Jennifer Linehan, 3202428

    MICHAEL SAUNDERS & COMPANY

    Mary Delaney-Quillen, 3267546

    MICHAEL SAUNDERS & COMPANY

    Source: Stellar MLS,MLS#: A4623689MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Den/Library/Office
    Primary bedroom
    • Features: Walk-In Closet(s)
    • Level: First
    • Dimensions: 16x23
    Bedroom 2
    • Features: Walk-In Closet(s)
    • Level: First
    • Dimensions: 17x19
    Bedroom 3
    • Features: Built-in Closet
    • Level: First
    • Dimensions: 22x14
    Primary bathroom
    • Features: Built-In Shelving, En Suite Bathroom, Exhaust Fan, Makeup/Vanity Space, Multiple Shower Heads, Rain Shower Head, Split Vanities, Stone Counters, Tub with Separate Shower Stall, Water Closet/Priv Toilet, Window/Skylight in Bath
    • Level: First
    • Dimensions: 17x19
    Bathroom 2
    • Features: En Suite Bathroom, Exhaust Fan, Rain Shower Head, Shower No Tub, Single Vanity, Stone Counters
    • Level: First
    • Dimensions: 5x12
    Balcony porch lanai
    • Level: First
    • Dimensions: 12x32
    Balcony porch lanai
    • Level: First
    • Dimensions: 37x17
    Dining room
    • Level: First
    • Dimensions: 10x24
    Kitchen
    • Level: First
    • Dimensions: 17x18
    Laundry
    • Level: First
    • Dimensions: 10x8
    Living room
    • Level: First
    • Dimensions: 19x21
    Office
    • Level: First
    • Dimensions: 11x11
    Heating
    • Electric
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator
    • Laundry: Laundry Room
    Features
    • Crown Molding, Dry Bar, Eating Space In Kitchen, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Stone Counters, Thermostat, Walk-In Closet(s)
    • Flooring: Ceramic Tile, Luxury Vinyl, Porcelain Tile
    • Doors: Sliding Doors
    • Windows: Drapes, Rods, Shades, Window Treatments, Hurricane Shutters
    • Has fireplace: No
    • Common walls with other units/homes: Corner Unit,End Unit
    Interior area
    • Total structure area: 3,655
    • Total interior livable area: 2,830 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    • Attached garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered, Front Porch, Rear Porch
    • Exterior features: Lighting
    • Has private pool: Yes
    • Pool features: Heated, In Ground
    • Has view: Yes
    • View description: Water, Bay/Harbor - Full, Intracoastal Waterway
    • Has water view: Yes
    • Water view: Water,Bay/Harbor - Full,Intracoastal Waterway
    Details
    • Parcel number: 2027145015
    • Zoning: DTB
    • Special conditions: None

    Construction

    Type & style
    • Home type: Condo
    • 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: Cable Available, Electricity Available, Electricity Connected, Public, Sewer Connected, Water Available, Water Connected

    Community & HOA

    Community
    • Features: Fitness Center, Gated Community - No Guard, Pool
    • Security: Key Card Entry, Security Gate
    • Pet fee: $0 monthly
    • Subdivision: TESSERA
    HOA
    • Has HOA: No
    • Services included: Common Area Taxes, Community Pool, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Sewer, Trash, Water
    • HOA fee: $2,667 monthly
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $1,034/sqft
    • Tax assessed value: $2,244,800
    • Annual tax amount: $34,525
    • Date on market: 9/17/2024
    • Cumulative days on market: 61 days
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Brick, Paved

    Price history

    DateEventPrice
    12/4/2024Sold$2,925,000-8.5%$1,034/sqft
    Source: Stellar MLS #A4623689 Report a problem
    11/17/2024Pending sale$3,195,000$1,129/sqft
    Source: Stellar MLS #A4623689 Report a problem
    11/15/2024Price change$3,195,000-5.9%$1,129/sqft
    Source: Stellar MLS #A4623689 Report a problem
    9/18/2024Listed for sale$3,395,000+18.1%$1,200/sqft
    Source: Stellar MLS #A4623689 Report a problem
    1/5/2023Sold$2,875,000-3.7%$1,016/sqft
    Source: Public Record Report a problem
    11/10/2022Pending sale$2,985,000$1,055/sqft
    Source: Stellar MLS #A4551411 Report a problem
    11/4/2022Listed for sale$2,985,000+83.7%$1,055/sqft
    Source: Stellar MLS #A4551411 Report a problem
    1/30/2008Sold$1,625,000$574/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$33,476 -12.5%$2,244,800 -14.2%
    2024$38,273 +10.9%$2,616,600 +13.3%
    2023$34,526 +58%$2,310,100 +56.1%
    2022$21,846 -1%$1,480,316 +3%
    2021$22,074 -3.4%$1,437,200 -0.8%
    2020$22,841 -3.5%$1,448,700 -3.7%
    2019$23,669 $1,504,400 +8.8%
    2018$23,669 +5.6%$1,382,500 -4.7%
    2017$22,420 -0.5%$1,450,300 0%
    2016$22,535 $1,450,900 +6.6%
    2015$22,535 +12.3%$1,361,400 +29.2%
    2014$20,069 +8.3%$1,053,500
    2013$18,532 +6.5%$1,053,500 +4.4%
    2012$17,397 +5.5%$1,009,100 +3.6%
    2011$16,484 -3%$974,400 -1%
    2010$16,991 -18.8%$984,200 -15.9%
    2009$20,927 $1,170,100 -10.2%
    2008$20,927 -10.2%$1,303,600 -9.7%
    2007$23,313 $1,443,200 -3.9%
    2006-- $1,501,200 +4.5%
    2005-- $1,436,436 +48%
    2004$17,217 -1.4%$970,414 +1.9%
    2003$17,469 +2.5%$952,320 +2.4%
    2002$17,037 +30%$930,000 +28.3%
    2001$13,100 $725,000
    Find assessor info on the county website

    Neighborhood: Downtown

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $2,823,800
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    Estimated market value
    $2,823,800