NOT LISTED FOR SALE

Sarabande 340 S Palm Ave Unit 53 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $2,169,000 - $2,463,000

3 Beds
2 Baths
2,437 Sq Ft
$2,604/mo HOA Fee

Last Sold November 07, 2023

Last sale price $2,500,000 $1,026 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $16,825/month

33 Days on Market

Highlights

  • White Water Ocean Views
  • Access to Bay or Harbor
  • Open Floorplan
  • Southside Elementary School Rated A
  • Fitness Center
  • 1-minute walk to Bayfront Park Sarasota

About This Home

As of November 2023

Experience exquisite Bay views from one of downtown Sarasota's most coveted residences. Sarabande, located on scenic Palm Avenue directly across from the bayfront and marina, offers luxury and comfort with the perks of living downtown Sarasota. Situated on the 8th level, in the center of the building, this condominium boasts one of the largest terraces, perfect for entertainting. Floor-to-ceiling windows enhance the spaciousness of the residence while bathing the well-appointed interior with natural light, highlighting the gorgeous new porcelain tile flooring. The kitchen is a masterpiece of modernity, adorned with sleek stainless-steel appliances and new quartz countertops. Enjoy looking out over the water as you create culinary delights. The third bedroom was converted to a den that opens to the living room and features water views. The roomy owner's suite includes 3 walk-in closets and an updated en-suite bathroom featuring contemporary white cabinetry, quartz countertops, an expansive walk-in shower, double sinks, and ample storage. The east-facing private terrace, accessed via the owner's suite and the second bedroom, offers panoramic city views and beautiful sunrises. Sarabande is a testament to refined living and includes state-of-the-art amenities such as a 24-hour concierge, 2 pools, a spa, fitness center, massage room, steam room, 2 guest suites, club room with catering kitchen, library and wine storage. One parking space and storage are also included. The theater district, restaurants and shops are a short stroll away while white-sand beaches, St. Armands Circle and the airport are within easy driving distance.

Last Agent to Sell the Property

Bibi-Ann Allard

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-951-6660 License #0697394 Listed on: 08/07/2023

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Ian McPherson

COLDWELL BANKER REALTY License #3439111

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,788

Year Built

  • Built in 1998

Lot Details

  • West Facing Home

HOA Fees

  • $2,604 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Secured Garage or Parking
  • Guest Parking
  • Parking Garage Space
  • Deeded Parking

Property Views

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,437 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • High Ceiling
  • Tinted Windows
  • Shades
  • Sliding Doors

Kitchen

  • Built-In Oven
  • Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Access to Bay or Harbor
  • Outdoor Storage

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include pool, escrow reserves fund, insurance, maintenance structure, management, pest control, security, sewer, trash, water
  • Kyanne Merrill Association, Phone Number (941) 957-1639
  • High-Rise Condominium
  • Sarabande Community
  • Sarabande Subdivision
  • On-Site Maintenance
  • 17-Story Property

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Community Spa

Pet Policy

  • Pets up to 60 lbs
  • 2 Pets Allowed
  • Breed Restrictions

Security

  • Security Service
  • Card or Code Access
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,788

Year Built

Built in 1998

Lot Details

0

HOA Fees

$2,604 per month

Parking

1

Listing Details

  • HOA Fee Includes: Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Management, Pest Control, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Construction Materials: Block, Concrete, Stucco
  • Fireplace: No
  • Living Area: 2437
  • New Construction: No
  • Year Built: 1998
  • Building Area Total: 3117
  • Directions to Property: Ringling Blvd to South on Palm Ave. Downtown Sarasota.
  • Status: Sold
  • Street Direction: S
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 8
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: No Minimum
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 1025.85
  • Unit Number YN: 0
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: High Rise
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Built-in Features, High Ceilings, Open Floorplan, Solid Surface Counters, Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 17
  • Window Features: Shades, Tinted Windows
  • Street Number Modifier: 340
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 226.40
  • Room Count: 8

Exterior Features

  • Direction Faces: West
  • Exterior Features: Balcony, Sliding Doors, Storage
  • Roof: Other
  • Pool Private: No
  • View: Water
  • Water Body Name: SARASOTA BAY
  • Waterfront: No
  • Road Surface Type: Paved
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure
  • Water Access: Bay/Harbor
  • Water Extras YN: 0
  • Water View: Bay/Harbor - Full,Gulf/Ocean - Partial
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2016-11-04

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Deeded, Guest, Under Building

Utilities

  • Utilities: Cable Available
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool
  • Association Amenities: Cable TV, Clubhouse, Elevator(s), Fitness Center, Maintenance, Other, Pool, Security, Spa/Hot Tub, Storage
  • Association Name: Kyanne Merrill
  • Phone: 941-957-1639
  • Association: No
  • Security: Fire Sprinkler System, Key Card Entry, Secured Garage / Parking, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: 2 medium size pets
  • Building Name Number: SARABANDE
  • Condo Fees: 7812
  • Condo Land Included YN: 0
  • Max Pet Weight: 60
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: manager@sarabande-srq.com
  • Monthly Condo Fee Amount: 2604
  • Pet Size: Medium (36-60 Lbs.)

Fee Information

  • Total Annual Fees: 31248.00
  • Total Monthly Fees: 2604.00

Lot Info

  • Zoning: DTB
  • Parcel Number: 2027114018
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Homestead YN: 1
  • Lot Size Square Meters: 0

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Breed Restrictions, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Lease restrictions

Tax Info

  • Tax Annual Amount: 17788
  • Tax Book Number: 32-32
  • Tax Lot: 0

Multi Family

  • Approval Process: Approval required

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2023
Closed on
Nov 7, 2023
Sold by
Lewis D Solomon Trust and Janet Stern Solomon Trust
Bought by
Noel Lee Goddard Revocable Living Trust and John Joseph Prisco Revocable Living Trust
Seller's Agent
Bibi-Ann Allard
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Ian McPherson
COLDWELL BANKER REALTY
List Price
$2,675,000
Sold Price
$2,500,000
Premium/Discount to List
-$175,000
-6.54%
Views
34
Current Estimated Value
$2,349,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$150,537
Avg. Annual Appreciation
-2.21%
Original Mortgage
$1,499,900
Outstanding Balance
$1,471,340
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$928,353

Purchase Details

Closed on
Jul 31, 2015
Sold by
Schlossberg Nancy K
Bought by
Lewis D Solomon Trust and Solomon Janet Stern

Purchase Details

Closed on
Jan 3, 2012
Sold by
Schlossberg Nancy K
Bought by
Schlossberg Nancy K and Schlossberg Mark J

Purchase Details

Closed on
Jul 10, 2002
Sold by
Schlossberg Stephen I and Schlossberg Nancy K
Bought by
Schlossberg Stephen I

Purchase Details

Closed on
May 2, 2002
Sold by
Ewalt Emma G
Bought by
Schlossberg Stephen I and Schlossberg Nancy K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$746,000
Interest Rate
7.16%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Noel Lee Goddard Revocable Living Trust $2,500,000 None Listed On Document
Lewis D Solomon Trust $1,395,000 Attorney
Schlossberg Nancy K -- Attorney
Schlossberg Nancy K -- Attorney
Schlossberg Stephen I -- --
Schlossberg Stephen I $932,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Noel Lee Goddard Revocable Living Trust $1,499,900
Previous Owner Schlossberg Stephen I $746,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2023 11/07/23 Sold $2,500,000 -6.5% $1,026 / Sq Ft
09/10/2023 09/10/23 Pending -- -- --
08/07/2023 08/07/23 For Sale $2,675,000 -- $1,098 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

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
2024 $18,230 $1,969,800 -- $1,969,800
2023 $18,230 $1,247,088 $0 $0
2022 $17,788 $1,210,765 $0 $0
2021 $17,967 $1,175,500 $0 $1,175,500
2020 $18,267 $1,164,506 $0 $0
2019 $17,804 $1,138,325 $0 $0
2018 $17,520 $1,117,100 $0 $1,117,100
2017 $18,588 $1,172,800 $0 $1,172,800
2016 $19,020 $1,173,100 $0 $1,173,100
2015 $12,736 $1,032,000 $0 $1,032,000
2014 $12,724 $755,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bibi-Ann Allard

    Seller's Agent in 2023

    Bibi-Ann Allard

    Michael Saunders

    (941) 685-0422

    88 in this area

    113 Total Sales

    Bibi-Ann Allard
    Section Image
  • Ian McPherson

    Buyer's Agent in 2023

    Ian McPherson

    COLDWELL BANKER REALTY

    (941) 320-0999

    19 in this area

    84 Total Sales

    Ian McPherson
    Section Image
See All Agents

About Sarabande

Map

Source: Stellar MLS

MLS Number: A4578396

Stellar MLS

APN: 2027-11-4018

Florida Sarasota County Sarasota 34236 Downtown Sarasota

340 S Palm Ave Unit 53, Sarasota, FL

This home is located at 340 S Palm Ave Unit 53, Sarasota, FL 34236 since 07 August 2023 and is currently estimated at $2,349,463, approximately $964 per square foot. This property was built in 1998. 340 S Palm Ave Unit 53 is a home located in Sarasota County with nearby schools including Southside Elementary School, Booker Middle School, and Sarasota High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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