NOT LISTED FOR SALE

401 S Palm Ave Unit 401 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $2,390,000 - $2,761,000

3 Beds
3.5 Baths
3,172 Sq Ft
$2,815/mo HOA Fee

Last Sold April 12, 2023

Last sale price $2,449,900 $772 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $18,219/month

Highlights

  • Fitness Center
  • In Ground Pool
  • Open Floorplan
  • Southside Elementary School Rated A
  • Partial Gulf or Ocean Views
  • 2-minute walk to Bayfront Park Sarasota

About This Home

As of April 2023

Spectacular from the moment you turn onto Palm Ave, this breath-taking tree lined street has an amazing feel and the well-known, The Savoy on Palm is found on this fabulous street. The Savoy on Palm is within the heart of Downtown Sarasota Bayfront. The Savoy is spectacular in every sense; it is a one-of-a-kind building that offers elegant living to its residents. From the moment you step into the complex you can see the exquisite details and design. Step into the elevator and arrive at the private foyer. Once you step into the residence you will notice the beautiful wood floors which lead you to an amazing living space that has a grand balcony. Throughout the residences you will see walls of glass which offer an abundance of light plus views, views, and more views. The city lights, the tall buildings, the bay, the trees can be seen from every room. The master suite is an incredible place to retreat and relax with floor to ceiling windows and a grand master bathroom. There are two additional en-suite bedrooms plus a den/office/library with an additional half bath. The residence is an incredible place to entertain, the kitchen is set for a chef and offers plenty of space and storage. There are balconies on the west side of the residences and also on the east side of the residences. Owner parking is in a private two car garage which is extremely RARE for downtown. The Savoy on Palm offers it's 24 residences exceptional amenities; a fitness center, a private massage room, a social room with a full bar and adjacent catering kitchen, a living room space for gatherings, saunas, pool, outdoor kitchen with a grill, a roof top terrace, a dog walk for your little furry friend, and concierge services. This building offers maintenance free, carefree living at its best. Steps away from the incredible restaurants of downtown Sarasota, cultural attractions, shopping, the bay and more. This is a must see. Call today to schedule your private tour.

Last Agent to Sell the Property

Rachelle Golden

MICHAEL SAUNDERS & COMPANY License #3151050 Listed on: 01/26/2023

MICHAEL SAUNDERS & COMPANY

Co-Listed By

Peter Salefsky

MICHAEL SAUNDERS & COMPANY License #3265779

Last Buyer's Agent

Allison Ficken

WILLIAM RAVEIS REAL ESTATE License #3538560

WILLIAM RAVEIS REAL ESTATE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,523

Year Built

  • Built in 2006

Lot Details

  • West Facing Home
  • Mature Landscaping
  • Landscaped with Trees

HOA Fees

  • $2,815 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Secured Garage or Parking
  • Parking Garage Space
  • Deeded Parking

Home Design

  • Slab Foundation
  • Membrane Roofing
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,172 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Sliding Doors
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Home Office
  • Partial Bay or Harbor Views

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • In Ground Pool
  • Balcony
  • Deck
  • Covered patio or porch
  • Exterior Lighting

Schools

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

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include pool, maintenance structure, ground maintenance, maintenance, recreational facilities, security, sewer, trash, water
  • High-Rise Condominium
  • Savoy On Palm Community
  • The Savoy On Palm Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions, vehicle restrictions
  • 11-Story Property

Amenities

  • Elevator

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets up to 50 lbs
  • 2 Pets Allowed

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,523

Year Built

Built in 2006

Lot Details

0

HOA Fees

$2,815 per month

Parking

2

Listing Details

  • HOA Fee Includes: Pool, Maintenance Structure, Maintenance Grounds, Maintenance, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 3172
  • New Construction: No
  • Year Built: 2006
  • Building Area Total: 3912
  • Directions to Property: From Ringling Blvd turn south onto Palm Avenue, the Savoy on Palm is on the left.
  • Status: Sold
  • Street Direction: S
  • Co List Office Mls Id: MFR281502392
  • Co List Office Phone: 941-388-4447
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 4
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 1-2 Years
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 772.35
  • Total Acreage: Non-Applicable
  • Unit Number YN: 0
  • Water Access YN: 0
  • Condo Fees Term: Quarterly
  • Property Description: High Rise
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Wood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Open Floorplan, Split Bedroom, Stone Counters, Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 11
  • Street Number Modifier: 401
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Den/Library/Office
  • Living Area Meters: 294.69
  • Room Count: 10

Exterior Features

  • Direction Faces: West
  • Pool Features: In Ground
  • Exterior Features: Balcony, Lighting, Sidewalk, Sliding Doors
  • Roof: Membrane
  • Pool Private: No
  • View: Water
  • Waterfront: No
  • Patio and Porch Features: Covered, Deck, Front Porch, Rear Porch
  • Road Surface Type: Paved
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure
  • Water Extras YN: 0
  • Water View: Gulf/Ocean - Partial
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Fitness Center, Pool, Sidewalks
  • Association Amenities: Elevator(s), Fitness Center, Lobby Key Required, Maintenance, Pool, Security, Spa/Hot Tub, Vehicle Restrictions
  • Association: No
  • Security: Key Card Entry, Secured Garage / Parking, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: Size, number and breed.
  • Building Name Number: SAVOY ON PALM
  • Condo Fees: 8444
  • Condo Land Included YN: 0
  • Max Pet Weight: 50
  • Montly Maint Amt Addition To HOA: 0
  • Monthly Condo Fee Amount: 2815
  • Pet Size: Medium (36-60 Lbs.)

Fee Information

  • Total Annual Fees: 33776.00
  • Total Monthly Fees: 2814.67

Schools

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

Lot Info

  • Zoning: DTE
  • Parcel Number: 2027115002
  • Additional Parcels: No
  • Lot Features: City Limits, Sidewalk, Paved
  • Flood Zone Code: X/AE
  • Homestead YN: 1
  • Lot Size Square Meters: 0
  • Zoning Compatible YN: 1

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Minimum lease is one to two years, once a year.

Tax Info

  • Tax Annual Amount: 16523.07
  • Tax Lot: 0

Multi Family

  • Approval Process: Application, background check and fee required.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2023
Closed on
Apr 12, 2023
Sold by
Jane B Baisley Revocable Trust
Bought by
Winarsky Lewis and Winarsky Susan L
Seller's Agent
Rachelle Golden
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Allison Ficken
WILLIAM RAVEIS REAL ESTATE
List Price
$2,449,900
Sold Price
$2,449,900
Views
9
Current Estimated Value
$2,558,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,664
Avg. Annual Appreciation
4.17%
Original Mortgage
$2,449,900
Outstanding Balance
$2,382,034
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$312,496

Purchase Details

Closed on
Jul 7, 2006
Sold by
Floria Llc
Bought by
Baisley Jane B and Northern Trust Bank Of Florida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
6.5%
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
Winarsky Lewis $2,449,900 None Listed On Document
Baisley Jane B $1,113,300 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Winarsky Lewis $2,449,900
Previous Owner Baisley Jane B $415,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2023 04/12/23 Sold $2,449,900 0.0% $772 / Sq Ft
01/27/2023 01/27/23 Pending -- -- --
01/26/2023 01/26/23 For Sale $2,449,900 -- $772 / 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 $16,746 $2,085,100 -- $2,085,100
2023 $16,746 $1,142,049 $0 $0
2022 $16,381 $1,108,785 $0 $0
2021 $16,523 $1,076,490 $0 $0
2020 $16,716 $1,061,627 $0 $0
2019 $16,293 $1,037,759 $0 $0
2018 $16,032 $1,018,409 $0 $0
2017 $15,851 $997,462 $0 $0
2016 $15,817 $1,462,800 $0 $1,462,800
2015 $16,056 $1,410,800 $0 $1,410,800
2014 $16,043 $948,232 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rachelle Golden

    Seller's Agent in 2023

    Rachelle Golden

    Michael Saunders

    (941) 538-8998

    21 in this area

    110 Total Sales

    Section Image

  • P

    Seller Co-Listing Agent in 2023

    Peter Salefsky

    Michael Saunders

    (941) 724-5107

    11 in this area

    31 Total Sales

    Section Image

  • A

    Buyer's Agent in 2023

    Allison Ficken

    WILLIAM RAVEIS REAL ESTATE

    (941) 924-8346

    2 in this area

    4 Total Sales

    Section Image
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Map

Source: Stellar MLS

MLS Number: A4558716

Stellar MLS

APN: 2027-11-5002

Florida Sarasota County Sarasota 34236 Downtown Sarasota

401 S Palm Ave Unit 401, Sarasota, FL

This home is located at 401 S Palm Ave Unit 401, Sarasota, FL 34236 since 26 January 2023 and is currently estimated at $2,558,564, approximately $806 per square foot. This property was built in 2006. 401 S Palm Ave Unit 401 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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