NOT LISTED FOR SALE

401 S Palm Ave Unit 1002 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $2,932,000 - $3,213,429

3 Beds
3.5 Baths
3,600 Sq Ft
$3,229/mo HOA Fee

Last Sold January 16, 2024

Last sale price $3,200,000 $889 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $21,751/month

11 Days on Market

Highlights

  • Fitness Center
  • Heated Lap Pool
  • Gated Community
  • Southside Elementary School Rated A
  • Full Bay or Harbor Views
  • 2-minute walk to Bayfront Park Sarasota

About This Home

As of January 2024

Spacious luxury on picturesque Palm Avenue. This Savoy condominium is one of only 24 residences in a Downtown building renowned for its beautiful location and exceptional standard of living. The Savoy offers remarkable amenities that include concierge, two guest suites, covered and secure parking and storage, a fabulous rooftop terrace, pool with lushly landscaped lounge area, community room and entertaining area with catering kitchen, and more.
This sprawling 10th floor residence spans three ensuite bedrooms with spectacular unobstructed water and city views and detailed features to complement luxury living. From the private elevator access and large entry foyer, double doors open to an enormous floorplan of more than 4,100 square feet with floor to ceiling windows that meet tall cove ceilings and crown molding for remarkably elegant style. Full height sliding doors offer seamless access to the deep private terraces to accommodate additional seating and dining space. Through a massive window and doors that open to the primary terrace, the chef’s kitchen and breakfast nook with adjacent counter seating look directly out to Sarasota Bay and the Ringling Bridge. The kitchen is laid out perfectly to showcase the views and maximize prep and entertaining space. Premium stainless appliances by Wolf, Dacor, and Fisher and Paykel include double wall ovens, five-burner gas stove, double door Subzero refrigerator, and beverage refrigerator in the central island.
The central living space with majestic views of Sarasota Bay encompasses a dining room with bespoke library shelves that extend the length of the home to the guest suites. The exceptional millwork includes a disguised door that opens to a semi-hidden chamber for storage or personal space. With its own elegant built-ins, the owners’ suite is a light-filled oasis that enjoys direct access to the main terrace and picture-perfect views of Sarasota Bay. In addition to the private seating area in the bedroom, the suite encompasses two dressing rooms and a morning kitchen beside the bathroom, where separate water closet, two oversized vanities, soaker tub and massive walk-in shower with double heads and bench seating offer resort-style luxury. Custom drawers, shoe shelves, hanging closets, and a seated vanity are incredible wardrobe amenities. The two additional ensuite bedrooms, located on the opposite side of the residence to ensure privacy and comfort for owners and guests, enjoy direct access to a shared terrace with magnificent sunrise views overlooking historic Burns Court. An additional powder room and utility room with washer/dryer/sink and storage space add value and convenience to this sprawling high-floor home.
The Savoy is an exclusive retreat in the heart of Downtown Sarasota, with immediate access to the waterfront and Sarasota Bay, Selby Gardens, and the city’s cosmopolitan shops and restaurants. Located on the idyllic tree-lined Palm Avenue, this building is highly sought after for its beauty, security, and luxury lifestyle. Bedroom Closet Type: Walk-in Closet (Primary Bedroom).

Last Agent to Sell the Property

Lisa Rooks Morris

MICHAEL SAUNDERS & COMPANY License #3042565 Listed on: 11/13/2023

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Sherri Mills

MICHAEL SAUNDERS & COMPANY License #3042812

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $25,344

Year Built

  • Built in 2006

Lot Details

  • West Facing Home

HOA Fees

  • $3,229 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Ground Level Parking
  • Garage Door Opener
  • Guest Parking
  • Deeded Parking

Property Views

  • Full Bay or Harbor
  • City

Home Design

  • Entry on the 10th floor
  • Concrete Roof
  • Cement Siding
  • Block Exterior
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 3,600 Sq Ft Home
  • Wet Bar
  • Built-In Features
  • Bar Fridge
  • Crown Molding
  • Tray Ceiling
  • Sliding Doors

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • Heated Lap Pool
  • Heated In Ground Pool

Outdoor Features

  • Balcony
  • Outdoor Grill

Schools

  • Southside Elementary School
  • Booker Middle School
  • Sarasota High School

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include common area taxes, pool, escrow reserves fund, maintenance structure, ground maintenance, security, sewer, trash, water
  • Bill Veal Association, Phone Number (941) 951-2800
  • Visit Association Website
  • High-Rise Condominium
  • The Savoy On Palm Community
  • The Savoy On Palm Subdivision
  • The community has rules related to vehicle restrictions
  • 11-Story Property

Amenities

  • Sauna
  • Clubhouse
  • Elevator

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets up to 50 lbs
  • Pet Size Limit
  • 2 Pets Allowed
  • Dogs Allowed
  • Breed Restrictions

Security

  • Card or Code Access
  • Gated Community
  • High Impact Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$25,344

Year Built

Built in 2006

Lot Details

0

HOA Fees

$3,229 per month

Parking

2

Listing Details

  • HOA Fee Includes: Common Area Taxes, Pool, Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Construction Materials: Block, Cement Siding, Stucco
  • Fireplace: No
  • Living Area: 3600
  • New Construction: No
  • Year Built: 2006
  • Building Area Total: 4117
  • Directions to Property: From Ringling Blvd turn South on Palm Avenue. The Savoy is on the left.
  • Status: Sold
  • Street Direction: S
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 10
  • List Office Head Office Key Nume: 700684993
  • Minimum Lease: 1-2 Years
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 888.89
  • Unit Number YN: 0
  • Water Access YN: 0
  • Condo Fees Term: Quarterly
  • Property Description: High Rise
  • MFR_InLawSuiteYN: 0
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Marble, Tile, Wood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Built-in Features, Crown Molding, Eat-in Kitchen, Split Bedroom, Stone Counters, Thermostat, Tray Ceiling(s), Walk-In Closet(s), Wet Bar, Window Treatments
  • Appliances Included: Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: No
  • Stories: 11
  • Window Features: Impact Glass/Storm Windows
  • Street Number Modifier: 401
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 334.45
  • Room Count: 4

Exterior Features

  • Direction Faces: West
  • Pool Features: Heated, In Ground, Lap
  • Exterior Features: Balcony, Outdoor Grill, Sliding Doors
  • Roof: Concrete
  • Pool Private: No
  • View: City, Water
  • Water Body Name: SARASOTA BAY
  • Waterfront: No
  • Road Surface Type: Paved
  • Disclosures: Condominium Disclosure Available
  • Water Extras YN: 0
  • Water View: Bay/Harbor - Partial
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Assigned, Covered, Deeded, Garage Door Opener, Ground Level, Guest, Under Building

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Gated Community - No Guard
  • Association Amenities: Clubhouse, Elevator(s), Fitness Center, Gated, Lobby Key Required, Pool, Sauna, Spa/Hot Tub, Vehicle Restrictions
  • Association Name: Bill Veal
  • Phone: 941-951-2800
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: See Rules and Regulations. Dogs and cats allowed.
  • Building Name Number: THE SAVOY ON PALM
  • Condo Fees: 9687
  • Condo Land Included YN: 0
  • Max Pet Weight: 50
  • Montly Maint Amt Addition To HOA: 0
  • Monthly Condo Fee Amount: 3229
  • Pet Size: Medium (36-60 Lbs.)
  • Association URL: https://thesavoyonpalm.com/

Fee Information

  • Total Annual Fees: 38748.00
  • Total Monthly Fees: 3229.00

Schools

  • Elementary School: Southside Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: DTE
  • Parcel Number: 2027115021
  • Additional Parcels: No
  • Flood Zone Code: X, AE
  • Homestead YN: 0
  • Lot Size Square Meters: 0

Rental Info

  • Pets Allowed: Breed Restrictions, Dogs OK, Number Limit, Size Limit, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: See Rules and Regulations.

Tax Info

  • Tax Annual Amount: 25344.2
  • Tax Lot: 0

Multi Family

  • Approval Process: $200 rental application fee to Association. See additional Rules and Regulations.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2023
Closed on
Jan 16, 2024
Sold by
Anne M Bladstrom Revocable Trust
Bought by
Miller Galen D and Neeb Sue A
Seller's Agent
Lisa Rooks Morris
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Sherri Mills
MICHAEL SAUNDERS & COMPANY
List Price
$3,200,000
Sold Price
$3,200,000
Views
21
Current Estimated Value
$3,073,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$126,893
Avg. Annual Appreciation
-2.35%

Purchase Details

Closed on
Nov 17, 2021
Sold by
Bladstrom Anne M
Bought by
Bladstrom Anne M and Anne M Bladstrom Revocable Tru

Purchase Details

Closed on
Aug 11, 2006
Sold by
Floria Llc
Bought by
Bladstrom Walter C and Bladstrom Anne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Miller Galen D $3,200,000 None Listed On Document
Bladstrom Anne M -- Accommodation
Bladstrom Walter C $1,847,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bladstrom Walter C $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/16/2024 01/16/24 Sold $3,200,000 0.0% $889 / Sq Ft
11/25/2023 11/25/23 Pending -- -- --
11/13/2023 11/13/23 For Sale $3,200,000 -- $889 / 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 $25,966 $2,769,800 -- $2,769,800
2023 $25,966 $1,759,038 $0 $0
2022 $25,344 $1,707,804 $0 $0
2021 $25,600 $1,658,062 $0 $0
2020 $25,910 $1,635,170 $0 $0
2019 $25,260 $1,598,407 $0 $0
2018 $24,861 $1,568,604 $0 $0
2017 $24,583 $1,536,341 $0 $0
2016 $24,590 $1,959,400 $0 $1,959,400
2015 $24,964 $1,889,600 $0 $1,889,600
2014 $24,948 $1,460,514 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Rooks Morris

    Seller's Agent in 2024

    Lisa Rooks Morris

    Michael Saunders

    (941) 544-3332

    45 in this area

    109 Total Sales

    Lisa Rooks Morris
    Section Image
  • Sherri Mills

    Buyer's Agent in 2024

    Sherri Mills

    Michael Saunders

    (941) 350-7112

    8 in this area

    75 Total Sales

    Sherri Mills
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4588609

Stellar MLS

APN: 2027-11-5021

Florida Sarasota County Sarasota 34236 Downtown Sarasota

401 S Palm Ave Unit 1002, Sarasota, FL

This home is located at 401 S Palm Ave Unit 1002, Sarasota, FL 34236 since 13 November 2023 and is currently estimated at $3,073,107, approximately $853 per square foot. This property was built in 2006. 401 S Palm Ave Unit 1002 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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