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Sold for $2,025,000
  • $2,025,000

    711 S PALM AVENUE #501, SARASOTA, FL 34236

    3beds
    1,883sqft
    Condominium
    Built in 2019
    -- sqft lot
    $1,884,100 Zestimate®
    $1,075/sqft
    $6,543 Estimated rent

    Home value

    $1,884,100

    $1.73M - $2.05M

    $6,543/mo

    Zestimate® history
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    What's special

    Newer construction without the wait in Downtown Sarasota at the ideally located 7 One One Palm. Nestled beside the bayfront in Downtown’s most desirable tree-lined neighborhood, this 3-bedroom, 3-bath corner penthouse boasts panoramic views of the Ringling Bridge and Sarasota Bay, with abundant natural light, 11-foot ceilings, premium-quality modern finishes, and luxury upgrades throughout. Beyond the semi-private elevator entry, chic interior features showcase contemporary luxury with clean angles, sleek surfaces, and a harmony of stone and wood tones that enhance the dramatic views, from the residence and the spacious west-facing terrace. The home’s open plan features a welcoming entry, spacious dining area, and easy flow to the great room and kitchen, which boasts Italian cabinetry, side-by-side refrigerator, double wall ovens, Bosch 5-burner gas range, Hansgrohe fixtures, and a large island with Caesarstone countertop. The spacious owners' suite is a bright and airy oasis, offering double walk-in closets with built-in wardrobes and a large ensuite with an oversized glass-enclosed shower, dual floating vanities, linen cabinet, and a separate water closet. One of the two guest suites is outfitted with a custom shelving system that contains a queen-sized Murphy bed; the second guest suite features a built-in California Closets office setup, creating the perfect transitional space for both a home office and occasional guests. A dedicated laundry room adds versatile function with built-in cabinetry, full-size stack washer/dryer, and a laundry sink. Additional upgrades in this residence include custom-painted 8-foot solid core doors, water filtration and automated shades with smart home integration. Two dedicated garage parking spaces, bicycle racks, and secure air-conditioned storage ensure even more convenience. With a boutique scale of only 16 exclusive residences and an intimate sense of community, 7 One One Palm is the ideal urban retreat in Downtown Sarasota. Resort-style amenities include part-time concierge, the private Palm Terrace with oversized pool, spa, cabanas and firepit; fitness facility, package room, and a convenient ‘paw park’ for resident pets. The picture-perfect address is at the heart of Sarasota’s cosmopolitan amenities, within steps of the farmers market, Whole Foods, shops, restaurants, and boutiques as well as renowned cultural enterprises; the serenity of the beaches and convenience of Sarasota Memorial Hospital, SRQ Airport, and much more are minutes away.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lisa Morris, PA 941-544-3332,

    DOUGLAS ELLIMAN 941-867-6199

    Bought with:

    Austin Hager, 3389033

    RE/MAX ALLIANCE GROUP

    Source: Stellar MLS,MLS#: A4596966MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Primary bedroom
    • Features: En Suite Bathroom, Walk-In Closet(s)
    • Level: First
    Kitchen
    • Features: Breakfast Bar, Kitchen Island
    • Level: First
    Living room
    • Features: Stone Counters
    • Level: First
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Oven, Cooktop, Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer
    • Laundry: Laundry Room
    Features
    • Eating Space In Kitchen, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Walk-In Closet(s)
    • Flooring: Porcelain Tile
    • Doors: Outdoor Grill, Sliding Doors
    • Has fireplace: Yes
    • Fireplace features: Electric
    • Common walls with other units/homes: Corner Unit,End Unit
    Interior area
    • Total structure area: 2,035
    • Total interior livable area: 1,883 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Assigned, Garage Door Opener, Guest, Underground
    • Attached garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Exterior features: Balcony, Dog Run, Irrigation System, Lighting, Outdoor Grill, Storage
    • Pool features: Gunite, Heated, In Ground
    • Has view: Yes
    • View description: Bay/Harbor - Partial
    • Has water view: Yes
    • Water view: Bay/Harbor - Partial
    • Body of water: SARASOTA BAY
    Lot
    • Size: 0.64 Acres
    • Features: City Lot, Near Public Transit, Sidewalk
    Details
    • Parcel number: 2036034013
    • Zoning: DTE
    • Special conditions: None

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • Block, Stucco
    • Foundation: Slab
    • Roof: Built-Up
    Condition
    • Completed
    • New construction: No
    • Year built: 2019

    Utilities & green energy

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

    Community & HOA

    Community
    • Features: Association Recreation - Owned, Fitness Center, Pool
    • Security: Fire/Smoke Detection Integration
    • Pet fee: $0 monthly
    • Subdivision: 7 ONE ONE PALM
    HOA
    • Has HOA: No
    • Services included: Community Pool, Reserve Fund, Gas, Insurance, Maintenance Structure, Maintenance Grounds, Pest Control, Pool Maintenance, Recreational Facilities, Security, Sewer, Trash, Water
    • HOA fee: $5,500 monthly
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $1,075/sqft
    • Tax assessed value: $1,572,400
    • Annual tax amount: $16,194
    • Date on market: 2/7/2024
    • Listing terms: Cash,Conventional
    • Ownership: Condominium
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Brick, Paved

    Price history

    DateEventPrice
    2/29/2024Sold$2,025,000-3.6%$1,075/sqft
    Source: Stellar MLS #A4596966 Report a problem
    2/7/2024Pending sale$2,100,000$1,115/sqft
    Source: Stellar MLS #A4596966 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$23,880 +43.6%$1,572,400 +37%
    2024$16,627 +2.7%$1,147,767 +3%
    2023$16,195 +2.5%$1,114,337 +3%
    2022$15,804 -0.9%$1,081,881 +3%
    2021$15,952 -1.1%$1,050,370 +1.4%
    2020$16,135 $1,035,868
    2019-- --
    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
    $1,884,100
    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
    $1,884,100