2040 Palm Terrace Sarasota, FL 34231
South Sarasota NeighborhoodEstimated payment $3,378/month
Highlights
- Popular Property
- Garden View
- Mature Landscaping
- Phillippi Shores Elementary School Rated A
- No HOA
- Patio
About This Home
Architect-Designed Masterpiece of Indoor – Outdoor Living.......... this meticulously crafted residence sits on a prime Sarasota lot of nearly 10,000 sq ft. The design embodies a Garden – Architecture Integrated Layout; A concept known as The MODERN - BOHEMIAN style and is devoted to creating meaningful interactions between the built environment and the surrounding landscape...... by fusing the warmth, nature, and free spirit of Bohemian (Boho) with the simplicity, sophistication, and functionalism of Modern (Modern) style. It is a blended aesthetic that seeks a relaxed, personalized atmosphere while maintaining visual neatness and a sense of refinement. The entire property is poetically expressed as “One Dwelling, One Pavilion, Three Courtyards,” consisting of the main residence (Dwelling), the detached multifunctional studio (Pavilion), and the Front, Back, and Side Yards that encircle both structures...... The main residence deliberately minimizes hallways and maximizes usable space. This efficiency, combined with practical bathroom sizing and the presence of four custom viewing niches throughout the home, significantly improves the overall usage efficiency of the floor plan. • Design Philosophy: Courtyard Suites Immersed in Nature..........
The main house and gardens form a cohesive ecosystem, where every interior space extends seamlessly toward the outdoors.....
• Living & Dining.... The living room opens fully to the side yard through folding sliding window doors, transforming it into an outdoor extension ideal for gatherings..... The open kitchen, island, and dining area flow into a dramatic 9’ × 32’’ panoramic bay window, offering tranquil views of mature trees in the front garden—dining here feels like sitting within a private forest.....
• Bedrooms..... • Primary Suite: Floor-to-ceiling sliding window doors frame the expansive rear garden, creating a private retreat with a luxurious landscape backdrop..... • Bedrooms 2 & 3: Bay windows paired with built-in seating nooks bring the garden inward, allowing each room to feel gently embraced by nature..... • Bedroom 4 / Study: Designed as a home office and reading room, this space is surrounded by both side and rear gardens. Two large windows plus a sliding door allows one to view the garden from different angles.....
Every room becomes a private courtyard suite, each offering its own intimate connection with the surrounding gardens.....
The Pavilion: Multifunctional Studio & Outdoor Activity Hub.....
Detached from the main residence, the 240 sq ft Shed serves as a highly versatile bonus structure. Featuring electric service, water, sewer, AC, cable connection, insulation, and garden views, it functions perfectly as a Mini Office, workshop, media room, or creative studio, including an integrated laundry area with new washer and dryer that conveys with the property.....
Directly outside the shed window lies a dedicated outdoor BBQ zone, making this pavilion the center of outdoor living. The design reinterprets traditional “garage culture” into an elevated, modern backyard lifestyle hub. .....See pictures for additional information on each room.
Listing Agent
KELLER WILLIAMS ON THE WATER S Brokerage Phone: 941-803-7522 License #3278125 Listed on: 12/12/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,722
Year Built
- Built in 1958
Lot Details
- 9,864 Sq Ft Lot
- Lot Dimensions are 80x123
- North Facing Home
- Fenced
- Mature Landscaping
- Level Lot
- Property is zoned RSF3
Home Design
- Entry on the 1st floor
- Slab Foundation
- Shingle Roof
- Block Exterior
Interior Spaces
- 1,362 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Sliding Doors
- Living Room
- Dining Room
- Garden Views
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Laminate
- Terrazzo
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- 2 Carport Spaces
- Parking Pad
Outdoor Features
- Patio
- Shed
Schools
- Phillippi Shores Elementary School
- Brookside Middle School
- Riverview High School
Utilities
- Central Heating and Cooling System
- Thermostat
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Harbour Oaks Community
- Harbor Oaks Subdivision
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 7 / B
- Assessor Parcel Number 0075040042
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,722 | $221,579 | -- | -- |
| 2024 | $2,516 | $215,334 | -- | -- |
| 2023 | $2,516 | $201,586 | $0 | $0 |
| 2022 | $2,314 | $185,812 | $0 | $0 |
| 2021 | $2,344 | $180,400 | $98,500 | $81,900 |
| 2020 | $2,478 | $153,100 | $74,200 | $78,900 |
| 2019 | $2,197 | $137,000 | $81,700 | $55,300 |
| 2018 | $2,181 | $145,800 | $81,700 | $64,100 |
| 2017 | $2,075 | $107,012 | $0 | $0 |
| 2016 | $1,984 | $125,900 | $63,400 | $62,500 |
| 2015 | $1,957 | $123,100 | $57,400 | $65,700 |
| 2014 | $1,587 | $73,150 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/12/2025 12/12/25 | For Sale | $599,999 | +57.9% | $441 / Sq Ft | |
| 02/21/2025 02/21/25 | Sold | $380,000 | -2.8% | $280 / Sq Ft | View Prior Sale |
| 02/08/2025 02/08/25 | Pending | -- | -- | -- | |
| 02/05/2025 02/05/25 | For Sale | $391,000 | +95.5% | $289 / Sq Ft | |
| 04/25/2019 04/25/19 | Sold | $199,999 | 0.0% | $167 / Sq Ft | View Prior Sale |
| 03/11/2019 03/11/19 | Pending | -- | -- | -- | |
| 01/25/2019 01/25/19 | For Sale | $200,000 | -- | $167 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $380,000 | Elevation Title | |
| Interfamily Deed Transfer | -- | Title365 | |
| Warranty Deed | $199,999 | Attorney | |
| Deed | $94,900 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $194,682 | FHA | |
| Previous Owner | $196,376 | FHA | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $99,000 | New Conventional | |
| Previous Owner | $82,000 | New Conventional |
Source: Stellar MLS
MLS Number: A4661224
APN: 0075-04-0042
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