NOT LISTED FOR SALE

401 S Palm Ave Unit 402 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $2,655,000 - $3,189,000

3 Beds
3.5 Baths
3,600 Sq Ft
$2,538/mo HOA Fee

Last Sold December 03, 2020

Last sale price $1,850,000 $514 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $20,429/month

342 Days on Market

Highlights

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

About This Home

As of December 2020

Matterport 3D video now on the Virtual Tour link! Spectacular in every sense, this one-of-a-kind Savoy on Palm retreat in the heart of Downtown on Sarasota's Bayfront features incredible sunsets, extraordinary custom finishes, and an uncompromising focus on quality and elegant living. Custom designed with three en-suite bedrooms plus den/office, three baths and a gracious powder room, and living room with electric fireplace, the thoughtfully-configured 3600 sq. ft. floor plan balances private and social spaces. No expense has been spared in creating sophisticated living areas filled with beautiful wood built-ins, travertine floors, sound system, incredible closet space, and designer lighting. The host in you will appreciate this cook’s kitchen, equipped with Subzero/Wolf/Dacor/Bosch appliances, cabinetry by Poggenpohl and a butlers pantry with wine refrigerator for keeping champagne crisply chilled. Expansive bayside and city terraces. The private two-car garage is a rare amenity in this downtown setting. 3 zones of AC. The Savoy on Palm, a chic residential address, offers a private boutique setting for the ultimate in stylish city living. Residents enjoy concierge service, a tropical poolside oasis with 60' pool/spa, fitness center, social room, guest suite, private fenced dog walk for your four-legged family member, 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: 09/17/2019

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Dianne Anderson

COMPASS FLORIDA LLC License #3265476

COMPASS FLORIDA LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,669

Year Built

  • Built in 2006

Lot Details

  • West Facing Home

HOA Fees

  • $2,538 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway
  • Secured Garage or Parking
  • Guest Parking
  • Parking Garage Space
  • Open Parking

Property Views

  • White Water Ocean
  • City

Home Design

  • Custom Home
  • Slab Foundation
  • Membrane Roofing
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,600 Sq Ft Home
  • Wet Bar
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Electric Fireplace
  • Blinds
  • Sliding Doors
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Inside Utility

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop with Range Hood
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Carpet
  • Travertine

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Pool

  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Exterior Lighting

Location

  • Flood Zone Lot
  • City Lot

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Water Filtration System
  • Electric Water Heater
  • Water Softener
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, gas, insurance, maintenance structure, ground maintenance, manager, recreational facilities, security, sewer, trash, water
  • Bill Veal Association, Phone Number (941) 951-2800
  • High-Rise Condominium
  • The Savoy On Palm Community
  • The Savoy On Palm Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions
  • Rental Restrictions
  • 11-Story Property

Amenities

  • Elevator

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets up to 50 lbs
  • Pet Size Limit
  • 2 Pets Allowed

Security

  • Card or Code Access
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,669

Year Built

Built in 2006

Lot Details

0

HOA Fees

$2,538 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Gas, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Custom
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 3600
  • New Construction: No
  • Year Built: 2006
  • Building Area Total: 4117
  • Directions to Property: Ringling Blvd turn south on Palm Avenue to the Savoy on Palm on the left.
  • Status: Sold
  • Street Direction: S
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4446224?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4446224?w=Customer
  • Floor Number: 4
  • Homestead Y N: Yes
  • Number Of Pets: 2
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: High Rise
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.97625
  • Price per Sq Ft: 513.89
  • Close to Original List Price Ratio: 0.88095
  • Ratio: Current Price\Building Area Total: 449.36
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Electric, Living Room
  • Living Area Units: Square Feet
  • Flooring: Carpet, Travertine, Hardwood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Built in Features, Ceiling Fans(s), Crown Molding, Eating Space In Kitchen, Solid Wood Cabinets, Split Bedroom, Stone Counters, Wet Bar, Window Treatments
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer, Water Filtration System, Water Softener, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 11
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 401
  • Room Count: 8
  • Additional Rooms: Den/Library/Office, Family Room, Formal Dining Room Separate, Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Exterior Features: Balcony, Lighting, Sliding Doors
  • Roof: Membrane
  • Pool Private: No
  • View: City, Water
  • Water Body Name: Sarasota Bay
  • Waterfront: No
  • Patio and Porch Features: Covered, Patio
  • 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: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Garage Door Opener, Guest, Under Building
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Street Lights
  • Cooling: Central Air, Zoned
  • Heating: Central, Electric, Zoned
  • Laundry Features: Laundry Room
  • 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 Name: Bill Veal
  • Phone: 941-951-2800
  • Association: No
  • Security: Fire Sprinkler System, Key Card Entry, Secured Garage/Parking, Smoke Detector(s), Fire/Smoke Detection Integration
  • Senior Community: No
  • Condo Fees: 7613
  • Condo Fees Term: Quarterly
  • Association Email: bill@thesavoyonpalm.com
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 2538
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 30452
  • Total Monthly Fees: 2537.67

Schools

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

Lot Info

  • Zoning: DTE
  • Parcel Number: 2027115003
  • Additional Parcels: No
  • Lot Features: FloodZone, City Lot, Sidewalk
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Number Limit, Size Limit
  • Pet Size: Medium (36-60 Lbs.)
  • Max Pet Weight: 50
  • Minimum Lease: 1-2 Years
  • Approval Process: See Association Docs
  • Num Timesper Year: 1
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See Association Docs

Tax Info

  • Tax Annual Amount: 16669.47
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2019
Closed on
Dec 3, 2020
Sold by
Elden Gerald P and Elden Beathe
Bought by
Kelly Warren P and Stoner Ruth R
Seller's Agent
Lenore Treiman
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Dianne Anderson
COMPASS FLORIDA LLC
List Price
$2,100,000
Sold Price
$1,850,000
Premium/Discount to List
-$250,000
-11.9%
Current Estimated Value
$2,886,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,036,811
Avg. Annual Appreciation
9.63%
Original Mortgage
$1,000,000
Outstanding Balance
$891,886
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,994,925

Purchase Details

Closed on
Jul 10, 2006
Sold by
Floria Llc
Bought by
Beathe Elden Gerald P and Beathe Elden

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Kelly Warren P $1,850,000 Attorney
Beathe Elden Gerald P $1,236,200 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kelly Warren P $1,000,000
Previous Owner Beathe Elden Gerald P $255,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2020 12/03/20 Sold $1,850,000 0.0% $514 / Sq Ft
08/24/2020 08/24/20 Pending -- -- --
08/04/2020 08/04/20 Off Market $1,850,000 -- --
06/04/2020 06/04/20 Price Changed $1,895,000 -5.0% $526 / Sq Ft
12/20/2019 12/20/19 Price Changed $1,995,000 -5.0% $554 / Sq Ft
09/17/2019 09/17/19 For Sale $2,100,000 -- $583 / 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 $30,308 $2,115,647 -- --
2023 $30,308 $2,054,026 $0 $0
2022 $29,601 $1,994,200 $0 $1,994,200
2021 $25,972 $1,642,900 $0 $1,642,900
2020 $17,102 $1,082,285 $0 $0
2019 $16,669 $1,057,952 $0 $0
2018 $16,404 $1,038,226 $0 $0
2017 $16,219 $1,016,872 $0 $0
2016 $16,256 $1,581,100 $0 $1,581,100
2015 $16,500 $1,524,800 $0 $1,524,800
2014 $16,487 $966,685 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lenore Treiman

    Seller's Agent in 2020

    Lenore Treiman

    Michael Saunders

    (941) 356-9642

    38 in this area

    145 Total Sales

    Lenore Treiman
    Section Image
  • Dianne Anderson

    Buyer's Agent in 2020

    Dianne Anderson

    COMPASS FLORIDA LLC

    (941) 350-3513

    13 in this area

    73 Total Sales

    Dianne Anderson
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4446224

Stellar MLS

APN: 2027-11-5003

Florida Sarasota County Sarasota 34236 Downtown Sarasota

401 S Palm Ave Unit 402, Sarasota, FL

This home is located at 401 S Palm Ave Unit 402, Sarasota, FL 34236 since 17 September 2019 and is currently estimated at $2,886,811, approximately $801 per square foot. This property was built in 2006. 401 S Palm Ave Unit 402 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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