$2,350,000
SOLD MAY 24, 2018

401 S Palm Ave Unit 1003 Sarasota, FL 34236

Downtown Sarasota Neighborhood
3 Beds
3.5 Baths
2,975 Sq Ft
$1,879/mo HOA Fee

Recently Sold

$790 Per Sq Ft

11% Below List Price

17 Days on Market

Highlights

  • White Water Ocean Views
  • Fitness Center
  • Open Floorplan
  • Southside Elementary School Rated A
  • Heated Spa
  • 2-minute walk to Bayfront Park Sarasota

About This Home

As of November 2024

Beautifully designed and stylish, this 10th floor Savoy on Palm retreat features spellbinding views of the Bay, extraordinary custom finishes, and an uncompromising focus on quality and elegant living. Three en-suite bedrooms, three baths and a gracious powder room accommodate in comfort, with a thoughtfully-configured floor plan that makes this the perfect downtown residence. You'll love the cook’s kitchen, equipped with stainless appliances including gas cooktop, cabinetry by Poggenpohl, granite counters, and lovely window seat for casual dining. Designer features include distinctive sandstone floors, beautiful solid wood built-ins, custom lighting, remote-control window treatments and more. Expansive bayside and city terraces. The 10' ceilings are exclusive to the 10th floor and penthouse level, and the private two-car garage is a rare amenity in this downtown setting. The Savoy on Palm, a chic residential address in the heart of downtown Sarasota, offers a private boutique setting for the ultimate in stylish city living, exclusive to only 24 residents. Residents enjoy concierge service, secure elevator, air-conditioned storage, a tropical poolside oasis, fitness center, social room, library, guest suite, private fenced dog walk, and a rooftop sunset terrace. Fully funded reserves. Sarasota is renowned as the cultural capital of Florida, with its pristine powder soft beaches, restaurants, shops, marinas, golf communities, and sporting events.

Last Agent to Sell the Property

Lenore Treiman

MICHAEL SAUNDERS & COMPANY License #0511583 Listed on: 03/08/2018

MICHAEL SAUNDERS & COMPANY

Co-Listed By

Gloria Totti-Cervoni

COLDWELL BANKER REALTY License #0700450

Last Buyer's Agent

Joan Koplin

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3138053

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $26,145

Year Built

  • Built in 2006

Lot Details

  • End Unit
  • West Facing Home
  • Zero Lot Line

HOA Fees

  • $1,879 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Garage Door Opener
  • Secured Garage or Parking
  • Guest Parking
  • Open Parking

Home Design

  • Slab Foundation
  • Membrane Roofing
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,975 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Bar Fridge
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room
  • White Water Ocean Views

Kitchen

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

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • Heated Spa
  • Heated Pool

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Outdoor Storage
  • Porch

Location

  • Flood Insurance May Be Required

Schools

  • Alta Vista Elementary School
  • Booker Middle School
  • Booker High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, maintenance repairs, pest control, security, sewer, trash, water
  • Bill Veal Bill@Thesavoyonpalm.Com Association
  • High-Rise Condominium
  • Savoy On Palm Community
  • The Savoy On Palm Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions
  • Rental Restrictions
  • 11-Story Property

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets up to 50 lbs
  • 2 Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$26,145

Year Built

Built in 2006

Lot Details

0

HOA Fees

$1,879 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Pest Control, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2975
  • New Construction: No
  • Year Built: 2006
  • Building Area Total: 3450
  • Directions to Property: Ringling Blvd to south on Palm Avenue to the Savoy on Palm on the left.
  • Status: Sold
  • Street Direction: S
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4212831&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4212831&cview=true&show_results=true&customer_portal=true
  • Floor Number: 10
  • Homestead Y N: Yes
  • Number Of Pets: 2
  • Total Acreage: 0 to less than 1/4
  • Home Warranty Y N: No
  • Property Description: Corner Unit, High Rise
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.88679
  • Price per Sq Ft: 789.92
  • Close to Original List Price Ratio: 0.88679
  • Ratio: Current Price\Building Area Total: 681.16
  • View: Yes
  • Co List Office Mls Id: 281502395
  • Co List Office Phone: 941-349-3444
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Other
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Built in Features, Ceiling Fans(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Stone Counters, Walk-In Closet(s)
  • Appliances Included: Bar Fridge, Built-In Oven, Dishwasher, Disposal, Double Oven, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: Heated
  • Spa Yn: Yes
  • Stories: 11
  • Window Features: Blinds
  • Street Number Modifier: 401
  • Room Count: 8
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Other Structures: Storage
  • Pool Features: Heated
  • Exterior Features: Balcony, Sliding Doors, Storage
  • Roof: Membrane
  • Pool Private: No
  • View: Water
  • Waterfront: No
  • Patio and Porch Features: Deck, Patio, Porch
  • Water View: Bay/Harbor - Full
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0133F
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Guest, Secured, Underground
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Public, Street Lights
  • Cooling: Central Air, Zoned
  • Heating: Central, Zoned
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Fitness, Pool
  • Association Amenities: Elevator(s), Fitness Center, Maintenance, Storage
  • Association Name: Bill Veal Bill@thesavoyonpalm.com
  • Association: No
  • Security: Secured Garage/Parking, Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 5638
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 1879
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 22552
  • Total Monthly Fees: 1879.33

Schools

  • Elementary School: Alta Vista Elementary
  • High School: Booker High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: DTE
  • Parcel Number: 2027115022
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required, Sidewalk, Zero Lot Line
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Pet Size: Medium (36-60 Lbs.)
  • Max Pet Weight: 50
  • Minimum Lease: 8-12 Months
  • Approval Process: Approval required
  • Num Timesper Year: 1
  • Pet Restrictions: 2 pets up to 50 pounds.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Lease restrictions

Tax Info

  • Tax Annual Amount: 26145
  • Tax Lot: 0

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
$3,023,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$176,803
Avg. Annual Appreciation
-1.21%

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
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 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

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 $25,671 $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

  • Lenore Treiman

    Seller's Agent in 2024

    Lenore Treiman

    Michael Saunders

    (941) 356-9642

    37 in this area

    145 Total Sales

    Lenore Treiman
    Section Image
  • Tom Palazzo

    Buyer's Agent in 2024

    Tom Palazzo

    COLDWELL BANKER REALTY

    (404) 734-5735

    4 in this area

    15 Total Sales

    Tom Palazzo
    Section Image
  • Gloria Totti-Cervoni

    Seller Co-Listing Agent in 2018

    Gloria Totti-Cervoni

    COLDWELL BANKER REALTY

    (941) 544-7746

    1 in this area

    15 Total Sales

    Gloria Totti-Cervoni
    Section Image

  • J

    Buyer's Agent in 2018

    Joan Koplin

    PREMIER SOTHEBY'S INTERNATIONAL REALTY

    (941) 315-3221

    5 in this area

    15 Total Sales

    Joan Koplin
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4212831

Stellar MLS

APN: 2027-11-5022

Florida Sarasota County Sarasota 34236 Downtown Sarasota

401 S Palm Ave Unit 1003, Sarasota, FL

This home is located at 401 S Palm Ave Unit 1003, Sarasota, FL 34236 and is currently priced at $2,350,000, approximately $789 per square foot. This property was built in 2006. 401 S Palm Ave Unit 1003 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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