$4,850,000
SOLD SEP 8, 2025

361 Benjamin Franklin Dr Unit A Sarasota, FL 34236

Lido Key Neighborhood
5 Beds
6 Baths
5,405 Sq Ft
$3,000/mo HOA Fee

Recently Sold

$897 Per Sq Ft

13% Below List Price

530 Days on Market

Highlights

  • 754 Feet of Waterfront
  • Beach View
  • Water access To Gulf or Ocean
  • Southside Elementary School Rated A
  • Parking available for a boat
  • 3-minute walk to Lido Key Beach

About This Home

As of September 2025

One or more photo(s) has been virtually staged. Welcome to the Exquisite Estate of Palazzi Al Mare. This breathtaking 5-bedrooms, 4 full baths, 2 half baths, 5-car garage home is the TROPHY of Gulf-front luxury with unobstructed ocean views from every level located directly in the heart of Lido Key & St. Armands Circle!

Last Agent to Sell the Property

Danielle Dietrich

COLDWELL BANKER REALTY Brokerage Phone: 941-493-1000 License #3369650 Listed on: 03/05/2024

COLDWELL BANKER REALTY

Last Buyer's Agent

Deanna Kennedy

MICHAEL SAUNDERS & COMPANY License #3278947

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $46,419

Year Built

  • Built in 2010

Lot Details

  • 754 Feet of Waterfront
  • 377 Feet of Ocean or Gulf Waterfront
  • 377 Feet of Public Beach Waterfront
  • West Facing Home
  • Irrigation Equipment
  • Street paved with bricks
  • Landscaped with Trees

HOA Fees

  • $3,000 Monthly HOA Fees

Parking

  • 5 Car Attached Garage
  • 2 Carport Spaces
  • Ground Level Parking
  • Side Facing Garage
  • Garage Door Opener
  • Driveway
  • Secured Garage or Parking
  • Guest Parking
  • Parking available for a boat
  • Golf Cart Parking

Property Views

  • Beach
  • Full Gulf or Ocean

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Florida Architecture
  • Entry on the 1st floor
  • Pillar, Post or Pier Foundation
  • Block Foundation
  • Concrete Siding
  • Block Exterior
  • Stone Siding
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 5,405 Sq Ft Home
  • Open Floorplan
  • Wet Bar
  • Furnished
  • Built-In Features
  • Shelving
  • Bar Fridge
  • Bar
  • Dry Bar
  • Crown Molding
  • Tray Ceiling
  • High Ceiling
  • Ceiling Fan
  • Decorative Fireplace
  • Gas Fireplace
  • Shade Shutters
  • Shades
  • Sliding Doors
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Convection Oven
  • Range with Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Tile Countertops
  • Disposal
  • Reverse Osmosis System

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Upstairs
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet
  • Tall Countertops In Bathroom
  • Makeup or Vanity Space
  • Single Vanity
  • Bidet
  • Private Water Closet
  • Bathtub With Separate Shower Stall
  • Shower Only
  • Rain Shower Head
  • Multiple Shower Heads
  • Built-In Shower Bench

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Security Lights
  • Security Gate
  • Security Fence, Lighting or Alarms
  • Intercom
  • Smart Home

Eco-Friendly Details

  • Solar Water Heater
  • Solar Heating System

Pool

  • Heated Spa
  • Gunite Pool
  • Above Ground Spa
  • Pool Deck
  • Outdoor Shower
  • Outside Bathroom Access
  • Pool Tile

Outdoor Features

  • Water access To Gulf or Ocean
  • Balcony
  • Courtyard
  • Deck
  • Covered Patio or Porch
  • Exterior Lighting
  • Private Mailbox

Utilities

  • Zoned Heating and Cooling
  • Vented Exhaust Fan
  • Thermostat
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include insurance, maintenance structure, ground maintenance, maintenance, management
  • Elise Angeloro, Progressive Community Management Association, Phone Number (941) 921-5393
  • Visit Association Website
  • Palazzi Al Mare Subdivision
  • The community has rules related to deed restrictions
  • 5-Story Property

Pet Policy

  • Pets up to 101 lbs

Security

  • Storm Windows
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$46,419

Year Built

Built in 2010

Lot Details

0

HOA Fees

$3,000 per month

Parking

5

Listing Details

  • HOA Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Management
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Coastal, Contemporary, Florida
  • Construction Materials: Block, Concrete, Stone, Stucco
  • Fireplace: Yes
  • Living Area: 5405
  • Lot Size Acres: 0.16
  • New Construction: No
  • Year Built: 2010
  • Building Area Total: 6832
  • Lot Size Sq Ft: 6832
  • Status: Sold
  • Ownership: Fee Simple
  • Entry Level: 1
  • Building Area Total Srch Sq M: 634.71
  • Escrow State: FL
  • Floor Number: 1
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 897.32
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 1
  • Amenities Additional Fees: SEE HOA DOCS FOR RULES & REGS
  • Water Frontage Feet Beach: 377
  • MFR_InLawSuiteYN: 0
  • MFR_DockYN: 0
  • MFR_CommunityAssociationWaterFeatures: Gulf/Ocean Front,Waterfront
  • Attribution Contact: 941-493-1000
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Decorative, Gas, Living Room
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Wood
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Interior Amenities: Built-in Features, Ceiling Fans(s), Crown Molding, Dry Bar, Eat-in Kitchen, Elevator, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Smart Home, Solid Surface Counters, Split Bedroom, Stone Counters, Thermostat, Tray Ceiling(s), Walk-In Closet(s), Wet Bar, Window Treatments
  • Appliances Included: Bar Fridge, Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Kitchen Reverse Osmosis System, Microwave, Range, Range Hood, Refrigerator, Solar Hot Water, Washer
  • Foundation Details: Block, Concrete Perimeter, Pillar/Post/Pier
  • Total Bedrooms: 5
  • Levels: Three Or More
  • Other Equipment: Irrigation Equipment, Intercom
  • Spa Features: Above Ground, Heated
  • Spa Yn: Yes
  • Stories: 5
  • Window Features: Shades, Storm Window(s), Window Treatments
  • Living Area Meters: 502.14

Exterior Features

  • Direction Faces: West
  • Pool Features: Deck, Gunite, Outside Bath Access, Tile
  • Exterior Features: Balcony, Courtyard, Lighting, Outdoor Shower, Private Mailbox, Shade Shutter(s), Sidewalk, Sliding Doors
  • Roof: Other
  • Home Warranty: No
  • Pool Private: Yes
  • View: Water
  • Water Body Name: GULF OF MEXICO; LIDO BEACH
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Rear Porch
  • Road Surface Type: Brick
  • Water Access: Beach,Gulf/Ocean
  • Water View: Beach,Gulf/Ocean - Full
  • Water View YN: 1
  • Waterfront Feet Total: 754
  • Flood Zone Panel: 12115C0129F
  • Water Frontage Feet Gulf Ocean: 377

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Spaces: 5
  • Garage Yn: Yes
  • Parking Features: Boat, Covered, Driveway, Garage Door Opener, Garage Faces Side, Golf Cart Parking, Ground Level, Guest, Oversized, Garage

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Cooling: Central Air, Zoned
  • Heating: Central, Electric, Solar
  • Laundry Features: Laundry Room, Upper Level, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Street Lights
  • Association Fee: 3000
  • Association Fee Frequency: Monthly
  • Association Name: Elise Angeloro, Progressive Community Management
  • Phone: 941-921-5393
  • Association: Yes
  • Security: Security Fencing/Lighting/Alarms, Secured Garage/Parking, Security Gate, Security Lights, Security System, Security System Owned, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Pet Restrictions: SEE HOA DOCS FOR RULES & REGS
  • Association Fee Requirement: Required
  • Condo Land Included YN: 0
  • Max Pet Weight: 101
  • Association Email: eangeloro@pcmfla.com
  • Pet Size: Extra Large (101+ Lbs.)
  • Association URL: https://pcmfla.com/

Fee Information

  • Total Annual Fees: 36000.00
  • Total Monthly Fees: 3000.00
  • Monthly HOA Amount: 3000.00

Lot Info

  • Zoning: RMF3
  • Parcel Number: 2016055001
  • Additional Parcels: No
  • Flood Zone Code: AE

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: SEE COUNTY RULES & REGS FOR RENTAL RESTRICTIONS AND CROSS REFERENCE BYLAWS, RULES & REGS.

Tax Info

  • Tax Annual Amount: 46419
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Beach Front, Gulf/Ocean
  • Approval Process: CONTACT HOA FOR ANY/ALL APPROVAL QUESTIONS.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2024
Closed on
Sep 5, 2025
Sold by
Freeman Thomas E and Freeman Jane
Bought by
David B Laha Trust and Susan M Laha Trust
Seller's Agent
Danielle Dietrich
COLDWELL BANKER REALTY
Buyer's Agent
Deanna Kennedy
MICHAEL SAUNDERS & COMPANY
List Price
$5,600,000
Sold Price
$4,850,000
Premium/Discount to List
-$750,000
-13.39%
Views
306
Current Estimated Value
$4,830,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,543
Avg. Annual Appreciation
-2.35%

Purchase Details

Listed on
Oct 23, 2017
Closed on
Mar 29, 2018
Sold by
Lentini Michael
Bought by
Freeman Thomas E and Freeman Jane
Seller's Agent
Ryan Skrzypkowski
COLDWELL BANKER REALTY
Buyer's Agent
Stellar Non-Member Agent
STELLAR NON-MEMBER OFFICE
List Price
$3,750,000
Sold Price
$3,300,000
Premium/Discount to List
-$450,000
-12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.30%

Purchase Details

Closed on
Sep 24, 2015
Sold by
Palazzi Al Mare Llc
Bought by
Lentini Michael and Lentini Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,446,500
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $4,850,000 None Listed On Document
Warranty Deed $3,300,000 Attorney
Warranty Deed $3,500,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,446,500 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/08/2025 09/08/25 Sold $4,850,000 -11.8% $897 / Sq Ft
08/18/2025 08/18/25 Pending -- -- --
07/17/2025 07/17/25 Price Changed $5,500,000 -1.8% $1,018 / Sq Ft
04/23/2025 04/23/25 For Sale $5,600,000 +15.5% $1,036 / Sq Ft
04/20/2025 04/20/25 Off Market $4,850,000 -- --
02/18/2025 02/18/25 Price Changed $5,600,000 -4.9% $1,036 / Sq Ft
01/25/2025 01/25/25 Price Changed $5,890,000 -5.0% $1,090 / Sq Ft
11/13/2024 11/13/24 Price Changed $6,199,000 -4.6% $1,147 / Sq Ft
09/06/2024 09/06/24 Price Changed $6,495,000 -4.4% $1,202 / Sq Ft
09/01/2024 09/01/24 For Sale $6,795,000 0.0% $1,257 / Sq Ft
08/29/2024 08/29/24 Pending -- -- --
05/15/2024 05/15/24 Price Changed $6,795,000 -2.9% $1,257 / Sq Ft
03/05/2024 03/05/24 For Sale $6,995,000 +112.0% $1,294 / Sq Ft
03/30/2018 03/30/18 Sold $3,300,000 -5.7% $611 / Sq Ft View Prior Sale
03/01/2018 03/01/18 Pending -- -- --
01/10/2018 01/10/18 Price Changed $3,500,000 -6.7% $648 / Sq Ft
12/05/2017 12/05/17 For Sale $3,750,000 0.0% $694 / Sq Ft
11/14/2017 11/14/17 Pending -- -- --
10/23/2017 10/23/17 For Sale $3,750,000 -- $694 / Sq Ft
Source: Stellar MLS

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 $46,419 $3,561,700 -- $3,561,700
2024 $45,266 $3,151,316 -- --
2023 $45,266 $3,059,530 $0 $0
2022 $44,270 $2,970,417 $0 $0
2021 $44,746 $2,883,900 $0 $2,883,900
2020 $41,620 $2,573,800 $0 $2,573,800
2019 $40,666 $2,520,200 $0 $2,520,200
2018 $43,931 $2,717,200 $0 $2,717,200
2017 $41,946 $2,606,400 $0 $2,606,400
2016 $47,034 $2,874,100 $0 $2,874,100
2015 $49,169 $2,899,900 $0 $2,899,900
2014 $49,822 $2,738,890 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: N6131634

Stellar MLS

APN: 2016-05-5001