NOT LISTED FOR SALE

Estimated Value: $1,681,000 - $1,894,000

3 Beds
3 Baths
1,883 Sq Ft
$1,833/mo HOA Fee

Last Sold July 30, 2024

Last sale price $1,875,000 $996 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $12,442/month

72 Days on Market

Highlights

  • Fitness Center
  • Property is near a marina
  • Full Bay or Harbor Views
  • Southside Elementary School Rated A
  • Heated In Ground Pool
  • Reverse Osmosis System

About This Home

As of July 2024

IMPROVED PRICE OF $1,995,000 FOR THIS RARE GEM ON SOUTH PALM AVENUE. This one-of-a-kind residence with stunning upgrades is ideally located on the sunny southwest corner. An oversized balcony provides beautiful evening vistas, views of the Bay and Selby Gardens, and is a short walk to all the dining and entertainment experiences that downtown Sarasota offers. 7 One One Palm is a newer midrise building completed in 2019 with sixteen condominium residences. It is not located in a flood zone and the Board has conservatively RESERVED 100% of reserve study recommendations since inception. The building was designed by award-winning DSDG Architects/Mark Sultana and includes standout features such as semi-private elevators serving only 2 residents per level and an exceptional resort style pool and spa area. The unit’s open plan layout is inviting and together with the additional outdoor space is ideally suited for entertainment. The residence has 10-foot ceilings, 8-foot solid wood doors, 3 bedrooms, and 3 bathrooms. In addition, 204 features approximately $200,000 in carefully chosen high quality upgrades. These include a walk-in wine room, outdoor kitchen with Electrichef grill and U-Line refrigerator, newly installed Legno Bastone 7-inch plank French white oak flooring throughout, built-in Dimplex fireplace on a purposeful tiled wall, built-in floating dining room buffet and bar, a Hubbardton Forge crystal chandelier and custom art lighting in the dining area, Cucine Ricci built-ins and workspace in the 3rd bedroom, and enlarged master suite to include a specifically designed lounging area. Other enhancements include a smart home package comprised of Lutron lighting, a shading system, and a Sonos wireless music streaming system with Sonance ceiling speakers in the living room, kitchen, master bedroom, and 3rd bedroom/study. The kitchen has Cucine Ricci imported Italian kitchen cabinetry, an upgraded quartz backsplash and a large island with quartz waterfalls. The kitchen has a French door smart refrigerator, 5-burner gas cooktop, a wall oven/microwave combination, and a reverse osmosis water system. There is a dedicated laundry room with built-in cabinetry, full sized stacking washer/dryer and laundry sink. The master suite which directly overlooks the pool and cabanas has two walk-in closets and an oversized glass-enclosed shower. Each residence has its own air-conditioned storage space and 2 secured garage parking spaces with bike racks. The resort style amenities offered by 7 One One Palm feature an oversized 50’ x 20’ heated pool and spa, outdoor showers, bathroom, firepit, lounging cabanas, 2 gas grills, fitness room, guest parking, and pet friendly Paw Park. Nothing has been ignored in this urban quiet living complex. Enjoy all Downtown Sarasota has to offer, strolling to restaurants, cafes, coffee shops, retail stores, Farmers Market, Opera House, Art District, and Marina Park, while situated less than 2 miles from St. Armand's Circle and Lido Beach.
SEE SPECIAL FEATURE SHEET/UPGRADES. THE FURNITURE IS OPTIONAL AND SUBJECT TO NEGOTIATION.

Last Agent to Sell the Property

Marni Hayden

CHROME REALTY LLC Brokerage Phone: 941-363-6300 License #0709074 Listed on: 03/18/2024

Co-Listed By

Bret Lageson

CHROME REALTY LLC Brokerage Phone: 941-363-6300 License #3327415

Last Buyer's Agent

Judi Cipollina

COLDWELL BANKER REALTY License #3351384

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,996

Year Built

  • Built in 2019

Lot Details

  • West Facing Home
  • Dog Run
  • Mature Landscaping
  • Native Plants
  • Irrigation
  • Landscaped with Trees

HOA Fees

  • $1,833 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Ground Level Parking
  • Garage Door Opener
  • Secured Garage or Parking
  • On-Street Parking
  • 2 Assigned Parking Spaces

Property Views

  • Full Bay or Harbor
  • Woods

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,883 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • High Ceiling
  • Ceiling Fan
  • Electric Fireplace
  • Shades
  • Sliding Doors
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Storage Room
  • Inside Utility

Kitchen

  • Eat-In Kitchen
  • Built-In Convection Oven
  • Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Refrigerator
  • Solid Surface Countertops
  • Disposal
  • Reverse Osmosis System

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Smart Home

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Outdoor Shower
  • Outside Bathroom Access
  • Pool Lighting

Outdoor Features

  • Property is near a marina
  • Balcony
  • Covered Patio or Porch
  • Outdoor Kitchen
  • Exterior Lighting
  • Outdoor Storage
  • Outdoor Grill
  • Private Mailbox

Schools

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

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Customized Wheelchair Accessible
  • No or Low VOC Paint or Finish
  • Property is near public transit

Listing and Financial Details

Community Details

Overview

  • Association fees include pool, escrow reserves fund, gas, insurance, maintenance structure, ground maintenance, maintenance, pest control, recreational facilities, security, sewer, trash, water
  • Larry Cappelli 941 259 2711 Mon Fri 9 To 12 Association, Phone Number (646) 306-2212
  • Zakrzewskis Community
  • 7 One One Palm Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • 5-Story Property

Amenities

  • Community Storage Space
  • Elevator

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Dog Park

Pet Policy

  • Pets up to 150 lbs
  • 2 Pets Allowed
  • Dogs and Cats Allowed
  • Breed Restrictions

Security

  • Security Service
  • High Impact Windows
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,996

Year Built

Built in 2019

Lot Details

0

HOA Fees

$1,833 per month

Parking

2

Listing Details

  • HOA Fee Includes: Pool, Escrow Reserves Fund, Gas, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Other, Pest Control, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 1883
  • Lot Size Acres: 0.64
  • New Construction: No
  • Year Built: 2019
  • Accessibility Features: Customized Wheelchair Accessible
  • Building Area Total: 2181
  • Lot Size Sq Ft: 27883
  • Directions to Property: FROM MAIN STREET DOWNTOWN SARASOTA, TURN SOUTH ON PALM AVE, 711 WILL BE ON YOUR LEFT.
  • Status: Sold
  • Street Direction: S
  • Co List Office Mls Id: MFR281532291
  • Co List Office Phone: 941-363-6300
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 0
  • Escrow State: FL
  • Floor Number: 2
  • List Office Head Office Key Nume: 524918236
  • Minimum Lease: No Rent
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 995.75
  • Total Acreage: 1/2 to less than 1
  • Unit Number YN: 0
  • Water Access YN: 0
  • Condo Fees Term: Quarterly
  • Property Description: Corner Unit,End Unit,Mid Rise
  • MFR_NumAssignedParkingSpaces: 2
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 941-363-6300
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Electric
  • Living Area Units: Square Feet
  • Flooring: Tile, Wood
  • Full Bathrooms: 3
  • Interior Amenities: Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Elevator, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Smart Home, Solid Surface Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Kitchen Reverse Osmosis System, Microwave, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 5
  • Window Features: Impact Glass/Storm Windows, Shades
  • Street Number Modifier: 711
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Inside Utility,Storage Rooms
  • Living Area Meters: 174.94
  • Room Count: 8

Exterior Features

  • Direction Faces: West
  • Other Structures: Outdoor Kitchen, Storage
  • Pool Features: Gunite, Heated, In Ground, Lighting, Outside Bath Access
  • Exterior Features: Balcony, Dog Run, Irrigation System, Lighting, Outdoor Grill, Outdoor Kitchen, Outdoor Shower, Private Mailbox, Sidewalk, Sliding Doors, Storage
  • Roof: Built-Up
  • Home Warranty: No
  • Pool Private: No
  • View: Trees/Woods, Water
  • Waterfront: No
  • Patio and Porch Features: Covered
  • Road Surface Type: Asphalt
  • Disclosures: Condominium Disclosure Available, HOA/PUD/Condo Disclosure, Seller Property Disclosure
  • Water Extras YN: 0
  • Water View: Bay/Harbor - 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, Garage Door Opener, Ground Level, Guest, On Street

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Public, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Dog Park, Fitness Center, Pool
  • Association Amenities: Elevator(s), Fitness Center, Maintenance, Pool, Security, Spa/Hot Tub, Storage
  • Association Fee Frequency: Quarterly
  • Association Name: LARRY CAPPELLI 941-259-2711 Mon-Fri 9 to 12
  • Phone: 646-306-2212
  • Association: No
  • Security: Fire Sprinkler System, Secured Garage / Parking, Security System, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: Two pets - dogs, fish, domestic cats, any size - no vicious breeds and no mixes. See rules and regulations.
  • Association Fee Requirement: None
  • Building Name Number: 7 ONE ONE PALM
  • Condo Fees: 5500
  • Condo Land Included YN: 1
  • Max Pet Weight: 150
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: servicemanager240@gmail.com/manager.70NEONEPALM@gm
  • Monthly Condo Fee Amount: 1833
  • Pet Size: Extra Large (101+ Lbs.)
  • Development: Not Assigned
  • Management: Part Time

Fee Information

  • Total Annual Fees: 22000.00
  • Total Monthly Fees: 1833.33

Schools

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

Lot Info

  • Zoning: DTE
  • Parcel Number: 2036034004
  • Additional Parcels: No
  • Lot Features: City Limits, Landscaped, Near Marina, Near Public Transit, Sidewalk, Paved
  • Flood Zone Code: AE
  • Homestead YN: 1
  • Lot Size Square Meters: 2590
  • Zoning Compatible YN: 1

Green Features

  • Green Indoor Air Qlty: No/Low VOC Paint/Finish
  • Green Verification Count: 0
  • Green Landscaping: Fl. Friendly/Native Landscape

Rental Info

  • Furnished: Negotiable
  • Pets Allowed: Breed Restrictions, Cats OK, Dogs OK, Number Limit, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Unanimously, 16 unit owners voted to eliminate any rental's. See rules and regulations.

Tax Info

  • Tax Annual Amount: 9996
  • Tax Book Number: 45 /6-23
  • Tax Lot: 0

Multi Family

  • Approval Process: See rules and regulations

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2024
Closed on
Jul 26, 2024
Sold by
Carol A Palmer Revocable Living Trust and John E Palmer Revocable Living Trust
Bought by
Bonavolante Lori and Sague Allan
Seller's Agent
Marni Hayden
CHROME REALTY LLC
Buyer's Agent
Judi Cipollina
COLDWELL BANKER REALTY
List Price
$2,200,000
Sold Price
$1,875,000
Premium/Discount to List
-$325,000
-14.77%
Views
26
Current Estimated Value
$1,794,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$80,772
Avg. Annual Appreciation
-4.00%
Original Mortgage
$640,000
Outstanding Balance
$633,436
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$1,160,792

Purchase Details

Closed on
Aug 18, 2020
Sold by
Palmer John E and Palmer Carol A
Bought by
Palmer John E and The John E Palmer Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
2.9%
Mortgage Type
New Conventional
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
Bonavolante Lori $1,875,000 None Listed On Document
Palmer John E -- Attorney
Palmer John E -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bonavolante Lori $640,000
Previous Owner John E Palmer Revocable Trust $1,150,000
Previous Owner John E Palmer Revocable Trust $350,000
Previous Owner Palmer John E $325,000
Previous Owner Palmer John Edgar $325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2024 07/30/24 Sold $1,875,000 -6.0% $996 / Sq Ft
05/30/2024 05/30/24 Pending -- -- --
05/16/2024 05/16/24 Price Changed $1,995,000 -4.8% $1,059 / Sq Ft
04/09/2024 04/09/24 Price Changed $2,095,000 -3.7% $1,113 / Sq Ft
04/03/2024 04/03/24 Price Changed $2,175,000 -1.1% $1,155 / Sq Ft
03/18/2024 03/18/24 For Sale $2,200,000 +67.0% $1,168 / Sq Ft
04/22/2019 04/22/19 Sold $1,317,701 +13.6% $620 / Sq Ft
01/02/2018 01/02/18 Pending -- -- --
01/02/2018 01/02/18 For Sale $1,159,900 -- $546 / 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 $9,997 $714,131 -- --
2023 $9,997 $693,331 $0 $0
2022 $9,728 $673,137 $0 $0
2021 $9,799 $653,531 $0 $0
2020 $9,901 $644,508 $0 $0
2019 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4602427

Stellar MLS

APN: 2036-03-4004