NOT LISTED FOR SALE

401 S Palm Ave Unit 403 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $2,562,000 - $2,927,000

3 Beds
3.5 Baths
2,975 Sq Ft
$2,668/mo HOA Fee

Last Sold November 09, 2023

Last sale price $2,995,001 $1,007 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $19,536/month

21 Days on Market

Highlights

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

About This Home

As of November 2023

Discover an exquisite oasis in the prestigious Savoy in Sarasota, an intimate, amenity-rich community of just 24 units in sought-after downtown. This remarkable 3BR, 4th floor corner residence lives like a private single-family home with thick, virtually sound-proof walls, 270 degrees of stunning city, Bay and Gulf views, 3 large balconies, a private 2-car garage and other remarkable features that make it simply incomparable. Inside, you'll find an inviting living space filled with natural light and a welcoming ambiance, thanks to high ceilings, all new cashmere-stained maple hardwood floors throughout and expansive windows. Each of the 3 bedrooms boasts a walk-in closet and full bath, with one currently configured as an office and one as a den. The stylish, modern kitchen is a chef's dream, featuring state-of-the-art appointments and a large island with kitchen sink with a motion sensor faucet, built-in soap dispenser, and hot/cold filtered water dispenser. With complementing wood grain tile floors, the 3 terraces provide ample outdoor space with east, south or west views. Enjoy shaded evenings in the summer, colorful sunsets during fall, winter, and spring, and spectacular 4th of July fireworks from your balcony. The Savoy staff is always kind and welcoming, and the community is resplendent with resort conveniences, including a rooftop deck with summer kitchen, a lower deck with summer kitchen, gas grills, private massage/treatment room, private lounge, pool, fitness center plus a 1BR/1BA guest suite. Delight in the vibrancy of your downtown location, with E-bike and scooter ride-share options just steps away, a Saturday farmers market 2 blocks away, and weekly arts festivals and boat shows within 2 blocks during the season. Furnishings and artwork available outside the real estate.

Last Agent to Sell the Property

Ryan Ackerman

COLDWELL BANKER REALTY Brokerage Phone: 941-383-6411 License #0695084 Listed on: 09/18/2023

COLDWELL BANKER REALTY

Last Buyer's Agent

Michelle Beaudoin

KW COASTAL LIVING III License #3296037

KW COASTAL LIVING III

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $21,855

Year Built

  • Built in 2006

Lot Details

  • Southwest Facing Home
  • Mature Landscaping
  • Landscaped with Trees

HOA Fees

  • $2,668 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Ground Level Parking
  • Garage Door Opener
  • Secured Garage or Parking
  • Deeded Parking

Property Views

  • White Water Ocean
  • Full Bay or Harbor
  • City
  • Park or Greenbelt

Home Design

  • Custom Home
  • Contemporary Architecture
  • Slab Foundation
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,975 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Great Room
  • Combination Dining and Living 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
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Pool

  • Heated Pool
  • Pool Lighting

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Outdoor Storage

Location

  • Flood Zone Lot

Schools

  • Southside Elementary School
  • Brookside Middle School
  • Sarasota High School

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Thermostat
  • Electric Water Heater

Listing and Financial Details

Community Details

Overview

  • Association fees include common area taxes, pool, escrow reserves fund, maintenance structure, ground maintenance, management, pest control, recreational facilities, security, sewer, trash, water
  • Bill Veal Association, Phone Number (941) 951-2800
  • Savoy On Palm Community
  • The Savoy On Palm Subdivision
  • Association Owns Recreation Facilities
  • 10-Story Property

Amenities

  • Clubhouse
  • Elevator
  • Community Storage Space

Recreation

  • Recreation Facilities
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pet Size Limit
  • 2 Pets Allowed
  • Medium pets allowed

Security

  • Security Service
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$21,855

Year Built

Built in 2006

Lot Details

0

HOA Fees

$2,668 per month

Parking

2

Listing Details

  • HOA Fee Includes: Common Area Taxes, Pool, Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary, Custom, Other
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2975
  • New Construction: No
  • Year Built: 2006
  • Building Area Total: 3450
  • Directions to Property: Downtown Sarasota to Palm Ave. South, 3 blocks S. of Main Street.
  • Status: Sold
  • Street Direction: S
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 4
  • List Office Head Office Key Nume: 1046393
  • Minimum Lease: 8-12 Months
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 1006.72
  • Total Acreage: Non-Applicable
  • Unit Number YN: 0
  • Water Access YN: 0
  • Condo Fees Term: Quarterly
  • Property Description: Corner Unit,End Unit,High Rise
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile, Wood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Built-in Features, Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: No
  • Stories: 10
  • Window Features: Blinds
  • Street Number Modifier: 401
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Den/Library/Office,Great Room,Inside Utility
  • Living Area Meters: 276.39
  • Room Count: 8

Exterior Features

  • Direction Faces: Southwest
  • Other Structures: Storage
  • Pool Features: Heated, Lighting
  • Exterior Features: Balcony, Sliding Doors, Storage
  • Roof: Other
  • Pool Private: No
  • View: City, Park/Greenbelt, Water
  • Water Body Name: SARASOTA BAY / GULF OF MEXICO
  • Waterfront: No
  • Patio and Porch Features: Covered, Rear Porch
  • Road Surface Type: Paved
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure
  • Water Extras YN: 0
  • Water View: Bay/Harbor - Full,Bay/Harbor - Partial,Gulf/Ocean - Partial
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2016-11-04
  • Flood Zone Panel: 12115C0133F

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: Electricity Connected, Natural Gas Available, Public, Water Connected
  • Cooling: Central Air, Zoned
  • Heating: Central, Electric, Natural Gas
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Fitness Center, Pool
  • Association Amenities: Clubhouse, Elevator(s), Fitness Center, Pool, Recreation Facilities, Security, Spa/Hot Tub, Storage
  • Association Name: Bill Veal
  • Phone: 941-951-2800
  • Association: No
  • Security: Secured Garage / Parking, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: Tenants no pets.
  • Building Name Number: SAVOY ON PALM
  • Condo Fees: 8004
  • Condo Land Included YN: 0
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: bill@thesavoyonpalm.com
  • Monthly Condo Fee Amount: 2668
  • Pet Size: Medium (36-60 Lbs.)

Fee Information

  • Total Annual Fees: 32016.00
  • Total Monthly Fees: 2668.00

Schools

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

Lot Info

  • Zoning: DTE
  • Parcel Number: 2027115004
  • Additional Parcels: No
  • Lot Features: FloodZone
  • Flood Zone Code: AE
  • Homestead YN: 1
  • Lot Size Square Meters: 0

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Negotiable
  • Pets Allowed: Number Limit, Size Limit, Yes
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: Tenants no pets.

Tax Info

  • Tax Annual Amount: 21855
  • Tax Lot: 401

Multi Family

  • Approval Process: Application, fee, background check, in-person interview

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2023
Closed on
Oct 28, 2023
Sold by
Hummel John H and Hummel Rita D
Bought by
Francine M Forster 2023 Trust and Forster
Seller's Agent
Ryan Ackerman
COLDWELL BANKER REALTY
Buyer's Agent
Michelle Beaudoin
KW COASTAL LIVING III
List Price
$2,995,000
Sold Price
$2,995,001
Premium/Discount to List
$1
0.0%
Views
13
Current Estimated Value
$2,740,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$254,989
Avg. Annual Appreciation
-0.41%

Purchase Details

Listed on
Sep 27, 2019
Closed on
Jan 15, 2020
Sold by
Mcgovern Mary Alice and Mary Alice Mcgovern Trust
Bought by
Hummel John H and Hummel Rita D
Seller's Agent
Ryan Ackerman
COLDWELL BANKER REALTY
Buyer's Agent
Bobbie Banan
MICHAEL SAUNDERS & COMPANY
List Price
$1,795,000
Sold Price
$1,810,000
Premium/Discount to List
$15,000
0.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.09%
Original Mortgage
$1,176,500
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2009
Sold by
Mcgovern Mary Alice
Bought by
Mcgovern Mary Alice and Mary Alice Mcgovern Trust

Purchase Details

Closed on
Sep 22, 2006
Sold by
Floria Llc
Bought by
Mcgovern Mary Alice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Francine M Forster 2023 Trust $2,995,001 None Listed On Document
Hummel John H $1,810,000 Attorney
Mcgovern Mary Alice -- None Available
Mcgovern Mary Alice $1,394,700 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hummel John H $1,176,500
Previous Owner Mcgovern Mary Alice $450,000
Previous Owner Mcgovern Mary Alice $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2023 11/09/23 Sold $2,995,001 0.0% $1,007 / Sq Ft
10/10/2023 10/10/23 Pending -- -- --
09/18/2023 09/18/23 For Sale $2,995,000 +65.5% $1,007 / Sq Ft
01/15/2020 01/15/20 Sold $1,810,000 +0.8% $608 / Sq Ft
10/28/2019 10/28/19 Pending -- -- --
09/27/2019 09/27/19 For Sale $1,795,000 -- $603 / 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 $22,389 $1,893,656 -- --
2023 $22,389 $1,523,028 $0 $0
2022 $21,855 $1,478,668 $0 $0
2021 $22,069 $1,435,600 $0 $1,435,600
2020 $16,260 $1,034,854 $0 $0
2019 $15,847 $1,011,587 $0 $0
2018 $15,594 $992,725 $0 $0
2017 $15,417 $972,307 $0 $0
2016 $15,440 $1,392,400 $0 $1,392,400
2015 $15,673 $1,342,900 $0 $1,342,900
2014 $15,660 $924,319 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ryan Ackerman

    Seller's Agent in 2023

    Ryan Ackerman

    COLDWELL BANKER REALTY

    (305) 205-7700

    36 in this area

    176 Total Sales

    Section Image

  • M

    Buyer's Agent in 2023

    Michelle Beaudoin

    KW COASTAL LIVING III

    (941) 729-7400

    1 in this area

    6 Total Sales

    Section Image
  • Bobbie Banan

    Buyer's Agent in 2020

    Bobbie Banan

    Michael Saunders

    (941) 356-2659

    1 in this area

    15 Total Sales

    Section Image
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Map

Source: Stellar MLS

MLS Number: A4582722

Stellar MLS

APN: 2027-11-5004

Florida Sarasota County Sarasota 34236 Downtown Sarasota

401 S Palm Ave Unit 403, Sarasota, FL

This home is located at 401 S Palm Ave Unit 403, Sarasota, FL 34236 since 18 September 2023 and is currently estimated at $2,740,012, approximately $921 per square foot. This property was built in 2006. 401 S Palm Ave Unit 403 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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