Great opportunity downtown, $200,000 price reduction! Rarely available free standing 2 story villa on picturesque Palm Avenue in the heart of downtown Sarasota. Nestled behind the gate of an intimate enclave of 12 townhomes, this charming detached villa, the largest of the 12, lives like a home and is part of a homeowner's association. As you enter the private courtyard, you immediately feel the uniqueness of this property. Double French doors open to a freshly painted interior with new porcelain tile throughout the first floor, and plantation shutters on all the windows. The dream kitchen features all Viking appliances, a natural gas cooktop, an integrated Subzero refrigerator, white custom cabinetry, granite countertops, and breakfast bar. The spacious dining room can accommodate a large table to entertain several people. The dining room extends to another terrace with a privacy wall where you can set up your grilling area and herb garden. Also located in the dining area, is a 60 bottle built-in wine refrigerator next to a pullout storage cabinet. The gracious living room features cathedral ceilings and a gas fireplace. The first floor also offers a well designed office with built-ins and a window, extra storage, a half bath, and access to a one car garage. The 2nd parking space is located under the common carport. Both of the 2 bedrooms upstairs have access to a large balcony to enjoy the outdoor. The primary bedroom features wood floorings, a generous walk-in closet, an updated bath with double vanities, and a large walk-in shower. The guest bedroom features a custom closet, updated bath with tub/shower. New A/C unit in 2023 was installed. This is the ideal property for someone who wants to be in a maintenance-free home in the vibrant downtown Sarasota with low monthly dues.
Sold for $1,095,000
$1,095,000
523 S PALM AVENUE #7, SARASOTA, FL 34236
2beds
1,919sqft
Single Family Residence
Built in 1998
-- sqft lot
$1,026,200 Zestimate®
$571/sqft
$4,926 Estimated rent
Home value
$1,026,200
$924,000 - $1.14M
$4,926/mo
Zestimate® history
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$7,814/mo
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Est. payment
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List your homeWhat's special
Gas fireplacePrivate courtyardFreshly painted interiorUpdated bathBreakfast barGranite countertopsNew porcelain tile
Zillow last checked:
Listing updated:
Listed by:
Bibi-Ann Allard, PA 941-685-0422,
MICHAEL SAUNDERS & COMPANY 941-951-6660
Bought with:
Henri Wick, 3588902
COMPASS FLORIDA, LLC
Source: Stellar MLS,MLS#: A4609920
Originating MLS: Sarasota - Manatee
Originating MLS: Sarasota - Manatee
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Den/Library/Office, Living Room
Primary bedroom
- Features: Ceiling Fan(s), Walk-In Closet(s)
- Level: Second
- Dimensions: 13x16
Bedroom 2
- Features: Built-in Closet
- Level: Second
- Dimensions: 12x11
Balcony porch lanai
- Level: Second
- Dimensions: 10x12
Dining room
- Level: First
- Dimensions: 10x20
Kitchen
- Features: Breakfast Bar, Pantry
- Level: First
- Dimensions: 13x10
Living room
- Level: First
- Dimensions: 14x18
Office
- Features: Built-In Shelving
- Level: First
- Dimensions: 7x7
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Oven, Convection Oven, Cooktop, Dishwasher, Dryer, Freezer, Microwave, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator
- Laundry: In Garage
Features
- Ceiling Fan(s), High Ceilings, PrimaryBedroom Upstairs, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Walk-In Closet(s)
- Flooring: Porcelain Tile, Hardwood
- Doors: French Doors, Outdoor Shower
- Windows: Shutters, Window Treatments
- Has fireplace: Yes
- Fireplace features: Gas
Interior area
- Total structure area: 2,628
- Total interior livable area: 1,919 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached, Carport
- Attached garage spaces: 1
- Carport spaces: 1
- Covered spaces: 2
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony, Courtyard, Garden, Outdoor Shower
- Fencing: Masonry
- Has view: Yes
- View description: Garden
Lot
- Features: Landscaped, Private
Details
- Parcel number: 2027140048
- Zoning: DTE
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block, Stucco
- Foundation: Slab
- Roof: Tile
Condition
- Completed
- New construction: No
- Year built: 1998
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public
Community & HOA
Community
- Features: None
- Security: Fire Sprinkler System, Gated Community, Security Gate, Security System, Smoke Detector(s)
- Pet fee: $0 monthly
- Subdivision: PALM AVE VILLAS
HOA
- Has HOA: Yes
- Services included: Maintenance Structure, Private Road
- HOA fee: $667 monthly
- HOA name: Progressive Community Management
- HOA phone: 941-921-5393
Location
- Region: Sarasota
Financial & listing details
- Price per square foot: $571/sqft
- Tax assessed value: $897,500
- Annual tax amount: $14,820
- Date on market: 5/8/2024
- Cumulative days on market: 214 days
- Listing terms: Cash
- Ownership: Fee Simple
- Total actual rent: 0
- Road surface type: Brick
Price history
| Date | Event | Price |
|---|---|---|
| 2/13/2025 | Sold | $1,095,000$571/sqft |
Source:  Stellar MLS #A4609920 Report a problem | ||
| 1/14/2025 | Pending sale | $1,095,000$571/sqft |
Source: Stellar MLS #A4609920 Report a problem | ||
| 1/3/2025 | Listed for sale | $1,095,000-15.4%$571/sqft |
Source: Stellar MLS #A4609920 Report a problem | ||
| 11/1/2024 | Listing removed | $1,295,000$675/sqft |
Source: Stellar MLS #A4609920 Report a problem | ||
| 5/31/2024 | Listed for sale | $1,295,000$675/sqft |
Source: Stellar MLS #A4609920 Report a problem | ||
| 5/17/2024 | Pending sale | $1,295,000$675/sqft |
Source: Stellar MLS #A4609920 Report a problem | ||
| 5/8/2024 | Listed for sale | $1,295,000-7.5%$675/sqft |
Source: Stellar MLS #A4609920 Report a problem | ||
| 6/1/2022 | Sold | $1,400,000+7.7%$730/sqft |
Source: Public Record Report a problem | ||
| 5/6/2022 | Pending sale | $1,300,000+118.5%$677/sqft |
Source: Stellar MLS #A4534409 Report a problem | ||
| 7/8/2010 | Sold | $595,000+25.3%$310/sqft |
Source: Public Record Report a problem | ||
| 9/17/2004 | Sold | $475,000+45.7%$248/sqft |
Source: Public Record Report a problem | ||
| 3/30/1998 | Sold | $326,000$170/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,734 -15.9% | $897,500 -17.9% |
| 2024 | $16,337 +10.2% | $1,092,600 +6.7% |
| 2023 | $14,820 +136.4% | $1,024,400 +130.9% |
| 2022 | $6,269 -0.2% | $443,724 +3% |
| 2021 | $6,281 -1.6% | $430,800 +0.9% |
| 2020 | $6,383 +2.7% | $426,902 +2.3% |
| 2019 | $6,213 | $417,304 +1.9% |
| 2018 | $6,213 +1.7% | $409,523 +2.1% |
| 2017 | $6,108 -9.2% | $401,100 +0.5% |
| 2016 | $6,728 | $399,300 -6.8% |
| 2015 | $6,728 | $428,600 +11.7% |
| 2014 | $6,728 -10.6% | $383,570 |
| 2013 | $7,529 +24.9% | $383,570 +10% |
| 2012 | $6,028 -3.6% | $348,700 -5% |
| 2011 | $6,251 +6.9% | $367,100 -2.1% |
| 2010 | $5,848 -23% | $375,100 -11.8% |
| 2009 | $7,597 | $425,300 -16.9% |
| 2008 | $7,597 -0.6% | $511,510 +3% |
| 2007 | $7,644 | $496,612 +2.5% |
| 2006 | -- | $484,500 -10.7% |
| 2005 | -- | $542,400 +12.6% |
| 2004 | $8,704 -1.8% | $481,800 +1.6% |
| 2003 | $8,863 +35.2% | $474,200 +36% |
| 2002 | $6,556 +23.4% | $348,700 +18.5% |
| 2001 | $5,310 +17.1% | $294,200 +18.1% |
| 2000 | $4,536 | $249,200 |
Find assessor info on the county website
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 10/10Southside Elementary SchoolGrades: K-5Distance: 1.7 mi
- 5/10Booker Middle SchoolGrades: 6-8Distance: 2.7 mi
- 5/10Sarasota High SchoolGrades: 9-12Distance: 1 mi
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Estimated market value
$1,026,200
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Estimated market value
$1,026,200
- Florida
- Sarasota County
- Sarasota
- 34236
- Downtown
- 523 S PALM AVENUE Unit 7
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