401 S Palm Ave Unit 1003 Sarasota, FL 34236
Downtown Sarasota Neighborhood
3
Beds
3.5
Baths
2,975
Sq Ft
$2,974/mo
HOA Fee
Highlights
- White Water Ocean Views
- Fitness Center
- Heated Lap Pool
- Southside Elementary School Rated A
- Property is near a marina
- 2-minute walk to Bayfront Park Sarasota
About This Home
As of November 2024Nestled in an unparalleled location on Palm Avenue in Downtown Sarasota, this rarely available, spectacular 3 bedroom, 3.5 bath, 2975 sf residence offers sweeping views of Sarasota Bay in the coveted Savoy on Palm with only 24 exclusive units. This 10th floor condominium has undergone a remarkable renovation with every detail meticulously designed, crafted and executed. The luxurious tone begins with the custom 8' stainless steel and glass inlay doors in the private entry foyer, white marble floors, silver metallic cabinetry and trim, and chic dark green marble feature walls. The living room with beautiful electric fireplace and adjacent large dining room feature designer lighting and boast glorious natural light and incredible water views through floor to ceiling impact sliding doors. Enjoy a beverage on the sprawling wrap around terrace or relax and watch the sunset as the balmy breezes envelop the space. The state-of-the-art kitchen features chic white metallic Poggenpohl cabinetry, white Seaglass countertops/island, hand-crafted and stylish La Cornue gas range, Subzero refrigerator, Wolf stainless hood, Bosch dishwasher, under counter beverage refrigerator, custom glass front built-ins with 8' lighted glass-inlay doors clad in stainless steel, and classic white subway tile backsplash in a herringbone pattern. A well-appointed and renovated powder room is located just off the entertaining spaces. The primary bedroom and luxe bathroom, a restful retreat with fantastic Bay views and private terrace access, has been completely renovated. Marble, glass, tile and timeless stainless fixtures elicit a refined yet peaceful feel. Notable features include glass and tile surround shower with rain head, free standing soaking tub, marble countertops with dual sinks, and 2 walk-in closets. The guest bedrooms, one with Murphy bed and wood built-ins, have renovated en-suite baths with fully updated amenities including Taj Mahal Quartzite and sea glass counters, high seat Kohler commodes, glass sink, shower niches, and Riobel shower handles. Custom closets offer plenty of storage space. The laundry room has been revamped with Maytag commercial washer/dryer, utility sink, cabinets, and granite countertop/backsplash. The furnishings and appointments include museum-quality, antique and mid-century pieces. Further enhancing the stylish decor are 7 stainless and glass inlay soft-close pocket doors, new Restoration Hardware Ralph Lauren Collection lighting, 9-foot ceilings and 8' doors exclusive to the 10th floor and penthouse levels, and electric window treatments. The residence is equipped with 2 AC zones with UV lights, ensuring comfort and efficiency. The private 2-car oversized garage with custom storage and epoxy floor is a rare amenity in this Downtown setting. The Savoy on Palm offers a private boutique setting for the ultimate in stylish city living. Residents enjoy concierge service, on-site manager, a tropical poolside oasis with 60' pool/spa, fitness center with massage room, social room with catering kitchen, guest suite, air-conditioned storage, fenced dog walk, and rooftop sunset terrace. Sarasota is renowned as the cultural capital of Florida, with its pristine powder soft beaches, restaurants, shops, marinas, golf courses, and sporting events. This property epitomizes luxury living in Sarasota, offering both elegance and functionality in a coveted waterfront setting.
Last Agent to Sell the Property
MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-951-6660 License #0511583 Listed on: 09/16/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $25,671
Year Built
- Built in 2006
HOA Fees
- $2,974 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Ground Level Parking
- Parking Garage Space
- Deeded Parking
Home Design
- Contemporary Architecture
- Slab Foundation
- Membrane Roofing
- Block Exterior
- Stucco
Interior Spaces
- 2,975 Sq Ft Home
- Open Floorplan
- Built-In Features
- Built-In Desk
- Shelving
- Electric Fireplace
- Sliding Doors
- Combination Dining and Living Room
- Storage Room
- Inside Utility
- Marble Flooring
- White Water Ocean Views
Kitchen
- Eat-In Kitchen
- Built-In Oven
- Cooktop
- Recirculated Exhaust Fan
- Microwave
- Dishwasher
- Wine Refrigerator
- Stone Countertops
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- Split Bedroom Floorplan
- Closet Cabinetry
- Walk-In Closet
- Split Vanities
- Bathtub With Separate Shower Stall
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
Outdoor Features
- Heated Lap Pool
- Property is near a marina
- Balcony
- Outdoor Storage
Schools
- Southside Elementary School
- Booker Middle School
- Sarasota High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Natural Gas Connected
- Electric Water Heater
- Cable TV Available
Additional Features
- West Facing Home
- Flood Zone Lot
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Block 000101
- Assessor Parcel Number 2027115022
Community Details
Overview
- Association fees include pool, escrow reserves fund, maintenance structure, ground maintenance, security, sewer, trash, water
- Bill Veal Association, Phone Number (941) 951-2800
- The Savoy On Palm Community
- The Savoy On Palm Subdivision
- Association Owns Recreation Facilities
- The community has rules related to deed restrictions
- 11-Story Property
Recreation
- Fitness Center
- Community Pool
Pet Policy
- Pets up to 50 lbs
- Pet Size Limit
- 2 Pets Allowed
- Dogs and Cats Allowed
Security
- Security Service
- High Impact Windows
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 16, 2024
Closed on
Nov 12, 2024
Sold by
Boren Charles Sidney and Boren Kathleen Margaret
Bought by
Roe William Hall and Roe Elizabeth Cole
Seller's Agent
Lenore Treiman
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Tom Palazzo
COLDWELL BANKER REALTY
List Price
$3,275,000
Sold Price
$3,200,000
Premium/Discount to List
-$75,000
-2.29%
Views
6
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$86,967
Avg. Annual Appreciation
-1.38%
Purchase Details
Listed on
Mar 8, 2018
Closed on
May 24, 2018
Sold by
Caban Angel M and Caban Isabel M
Bought by
Boren Charles Sidney and Boren Kathleen Margaret
Seller's Agent
Lenore Treiman
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Joan Koplin
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$2,650,000
Sold Price
$2,350,000
Premium/Discount to List
-$300,000
-11.32%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.88%
Purchase Details
Closed on
Feb 16, 2015
Sold by
Siegel Morton and Siegel Ethel
Bought by
Caban Angel M and Caban Isabel M
Purchase Details
Closed on
Aug 22, 2006
Sold by
Floria Llc
Bought by
Siegel Morton and Siegel Ethel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,364,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Sarasota, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $3,200,000 | Clear Title Group | |
| Warranty Deed | $2,350,000 | Attorney | |
| Warranty Deed | $2,000,000 | Attorney | |
| Special Warranty Deed | $1,705,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $750,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $1,150,000 | Unknown | |
| Previous Owner | $1,364,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/12/2024 11/12/24 | Sold | $3,200,000 | -2.3% | $1,076 / Sq Ft |
| 10/15/2024 10/15/24 | Pending | -- | -- | -- |
| 10/15/2024 10/15/24 | For Sale | $3,275,000 | 0.0% | $1,101 / Sq Ft |
| 09/16/2024 09/16/24 | Pending | -- | -- | -- |
| 09/16/2024 09/16/24 | For Sale | $3,275,000 | +39.4% | $1,101 / Sq Ft |
| 05/24/2018 05/24/18 | Sold | $2,350,000 | -11.3% | $790 / Sq Ft |
| 03/26/2018 03/26/18 | Pending | -- | -- | -- |
| 03/08/2018 03/08/18 | For Sale | $2,650,000 | -- | $891 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $25,671 | $1,798,322 | -- | -- |
| 2023 | $25,671 | $1,745,944 | $0 | $0 |
| 2022 | $25,072 | $1,695,091 | $0 | $0 |
| 2021 | $25,327 | $1,645,719 | $0 | $0 |
| 2020 | $25,637 | $1,622,997 | $0 | $0 |
| 2019 | $24,993 | $1,586,507 | $0 | $0 |
| 2018 | $26,442 | $1,672,531 | $0 | $0 |
| 2017 | $26,146 | $1,638,130 | $0 | $0 |
| 2016 | $26,130 | $1,704,400 | $0 | $1,704,400 |
| 2015 | $21,605 | $1,643,700 | $0 | $1,643,700 |
| 2014 | $21,590 | $1,269,928 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
Lenore Treiman
Michael Saunders
(941) 356-9642
37 in this area
149 Total Sales
-
Buyer's Agent in 2024
Tom Palazzo
COLDWELL BANKER REALTY
(404) 734-5735
4 in this area
15 Total Sales
-
Seller Co-Listing Agent in 2018
Gloria Totti-Cervoni
COLDWELL BANKER REALTY
(941) 544-7746
1 in this area
16 Total Sales
-
J
Buyer's Agent in 2018
Joan Koplin
PREMIER SOTHEBY'S INTERNATIONAL REALTY
(941) 315-3221
5 in this area
15 Total Sales
Map
Source: Stellar MLS
MLS Number: A4616531
APN: 2027-11-5022
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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