NOT LISTED FOR SALE

401 S Palm Ave Unit 501 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $2,621,000 - $3,214,000

3 Beds
3.5 Baths
3,172 Sq Ft
$2,130/mo HOA Fee

Last Sold December 04, 2019

Last sale price $2,000,000 $631 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $20,072/month

165 Days on Market

Highlights

  • Fitness Center
  • Property is near a marina
  • Full Bay or Harbor Views
  • Southside Elementary School Rated A
  • Heated Spa
  • 2-minute walk to Bayfront Park Sarasota

About This Home

As of December 2019

Gorgeous Views of Sarasota Bay from this three exposure end unit at The Savoy. Additional views of the City skyline are framed by old growth oaks from the many floor to ceiling windows along the side of the aparment. Prime location on tranquil tree lined Palm Ave yet only 2 1/2 blocks to the epicenter of Downtown at Main and Palm and 2 blocks to the Bay and Marina. Tall windows offer abundant light in this 3172 sq ft of understated elegance. Interior finishes include light solid wood floors, granite and marble topped custom cabinetry in kitchen and baths. Appliances include Sub Zero side by side refrigeration, Sub Zero dual controlled wine cooler, Poggen Pohl cabinetry, built in Miele Chef Convection ovens with rotisseries, Dacor warming oven, Gas Cook top, Miele wall hood, Asko dishwasher, and Asko washer and dryer. Closets are all fitted with custom built-ins. Owner parking is in a private 2 car garage within the parking level. The ammenities for the 24 units at The Savoy are top drawer offering a two room guest suite for visiting guests, a community gathering room with full bar, a living room for more intimate gatherings, a very impressive fitness room with all new top of the line professional equipment, a private massage and spa room, and saunas. The lovely pool and spa are combined with a gathering area around the twin Wolf gas grills and an outdoor kitchen and bar providing active outdoor living few condominium buildings can match.

Last Agent to Sell the Property

Susan Fox

MICHAEL SAUNDERS & COMPANY License #0171438 Listed on: 03/26/2019

MICHAEL SAUNDERS & COMPANY

Co-Listed By

Jonathan Fox

MICHAEL SAUNDERS & COMPANY License #0375460

Last Buyer's Agent

Janet Coughlin

COLDWELL BANKER REALTY License #3332950

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,509

Year Built

  • Built in 2006

Lot Details

  • End Unit
  • Southwest Facing Home
  • Mature Landscaping

HOA Fees

  • $2,130 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Secured Garage or Parking
  • On-Street Parking
  • Parking Garage Space
  • Open Parking

Property Views

  • Full Bay or Harbor
  • City
  • Woods

Home Design

  • Contemporary Architecture
  • Membrane Roofing
  • Concrete Roof
  • Concrete Siding
  • Block Exterior
  • Pile Dwellings

Interior Spaces

  • 3,172 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • High Ceiling
  • Low Emissivity Windows
  • Insulated Windows
  • Window Treatments
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Home Security System

Kitchen

  • Built-In Convection Oven
  • Cooktop with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Hallway
  • Accessible Doors
  • Accessible Approach with Ramp
  • Accessible Entrance

Pool

  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Property is near a marina
  • Balcony
  • Outdoor Kitchen

Location

  • City Lot

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Natural Gas Connected
  • 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, pest control, pool maintenance, recreational facilities, security, water
  • Bill Veal Association, Phone Number (941) 951-2800
  • 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

  • Sauna
  • Clubhouse
  • Elevator

Recreation

  • Recreation Facilities
  • 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
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,509

Year Built

Built in 2006

Lot Details

0

HOA Fees

$2,130 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Gas, Insurance, Maintenance Structure, Maintenance Grounds, Pest Control, Pool Maintenance, Recreational Facilities, Security, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Construction Materials: Block, Concrete
  • Fireplace: No
  • Living Area: 3172
  • New Construction: No
  • Year Built: 2006
  • Accessibility Features: Accessible Approach with Ramp, Accessible Doors, Accessible Entrance, Accessible Full Bath, Accessible Hallway(s)
  • Building Area Total: 3665
  • Directions to Property: From US-41 following along the Bayfront, turn East on Ringling and bear right at the traffic circle at Palm Avenue to 401 on your left.
  • Status: Sold
  • Street Direction: S
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4431465&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4431465&cview=true&show_results=true&customer_portal=true
  • Floor Number: 5
  • Homestead Y N: Yes
  • Number Of Pets: 2
  • Unit Number Y N: No
  • Property Description: End Unit, High Rise
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.95238
  • Price per Sq Ft: 630.52
  • Close to Original List Price Ratio: 0.95238
  • Ratio: Current Price\Building Area Total: 545.7
  • View: Yes
  • Co List Office Mls Id: 281502004
  • Co List Office Phone: 941-383-7591
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Hardwood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Built in Features, High Ceiling(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 11
  • Window Features: Insulated Windows, Low Emissivity Windows, Window Treatments
  • Street Number Modifier: 401
  • Room Count: 11
  • Additional Rooms: Family Room
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Southwest
  • Other Structures: Outdoor Kitchen
  • Exterior Features: Balcony, Outdoor Kitchen
  • Roof: Concrete, Membrane
  • Pool Private: No
  • View: City, Trees/Woods, Water
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View: Bay/Harbor - Partial
  • 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: Garage Door Opener, Guest, On Street, Under Building
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected
  • Cooling: Central Air, Zoned
  • Heating: Central, Electric, Zoned
  • Laundry Features: Inside, 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 Amenities: Clubhouse, Elevator(s), Fitness Center, Lobby Key Required, Maintenance, Pool, Recreation Facilities, Sauna, Security, Spa/Hot Tub
  • Association Name: Bill Veal
  • Phone: 941-951-2800
  • Association: No
  • Security: Closed Circuit Camera(s), Fire Sprinkler System, Key Card Entry, Secured Garage/Parking, Security System, Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 6390
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 2130
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 25560
  • Total Monthly Fees: 2130

Schools

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

Lot Info

  • Zoning: DTE
  • Parcel Number: 2027115005
  • Additional Parcels: No
  • Lot Features: City Lot, Near Marina, Sidewalk
  • 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: 1-2 Years
  • Approval Process: Application
  • Num Timesper Year: 1
  • Pet Restrictions: 2 allowed, 50 lb max
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: As per Association Guidelines

Tax Info

  • Tax Annual Amount: 17509
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2024
Sold by
Haraf Jo M
Bought by
Haraf Family Trust and Haraf
Current Estimated Value
$2,902,431

Purchase Details

Listed on
Mar 26, 2019
Closed on
Dec 4, 2019
Sold by
Fanning Peter S and Lareau Dina A
Bought by
Haraf William S and Haraf Jo M
Seller's Agent
Susan Fox
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Janet Coughlin
COLDWELL BANKER REALTY
List Price
$2,100,000
Sold Price
$2,000,000
Premium/Discount to List
-$100,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.02%

Purchase Details

Closed on
Jul 26, 2006
Sold by
Floria Llc
Bought by
Fanning Peter S and Lareau Dina A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
6.6%
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
Haraf Family Trust $100 None Listed On Document
Haraf William S $2,000,000 Attorney
Fanning Peter S $1,308,400 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fanning Peter S $298,000
Previous Owner Fanning Peter S $305,500
Previous Owner Fanning Peter S $326,000
Previous Owner Fanning Peter S $500,000
Previous Owner Fanning Peter S $330,000
Previous Owner Fanning Peter S $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2019 12/04/19 Sold $2,000,000 -4.8% $631 / Sq Ft
09/07/2019 09/07/19 Pending -- -- --
03/26/2019 03/26/19 For Sale $2,100,000 -- $662 / 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 $24,612 $1,721,982 -- --
2023 $24,612 $1,671,827 $0 $0
2022 $24,028 $1,623,133 $0 $0
2021 $24,269 $1,575,857 $0 $0
2020 $24,564 $1,554,100 $0 $1,554,100
2019 $17,792 $1,131,925 $0 $0
2018 $17,509 $1,110,819 $0 $0
2017 $17,592 $1,087,972 $0 $0
2016 $17,330 $1,505,100 $0 $1,505,100
2015 $17,592 $1,451,500 $0 $1,451,500
2014 $17,579 $1,034,276 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Susan Fox

    Seller's Agent in 2019

    Susan Fox

    Michael Saunders

    (941) 544-6648

    3 in this area

    26 Total Sales

    Section Image
  • Jonathan Fox

    Seller Co-Listing Agent in 2019

    Jonathan Fox

    Michael Saunders

    (941) 544-6649

    2 in this area

    28 Total Sales

    Section Image
  • Janet Coughlin

    Buyer's Agent in 2019

    Janet Coughlin

    COLDWELL BANKER REALTY

    (941) 323-3736

    48 in this area

    113 Total Sales

    Section Image
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Map

Source: Stellar MLS

MLS Number: A4431465

Stellar MLS

APN: 2027-11-5005

Florida Sarasota County Sarasota 34236 Downtown Sarasota

401 S Palm Ave Unit 501, Sarasota, FL

This home is located at 401 S Palm Ave Unit 501, Sarasota, FL 34236 since 26 March 2019 and is currently estimated at $2,902,431, approximately $915 per square foot. This property was built in 2006. 401 S Palm Ave Unit 501 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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