$1,050,000
$100K PRICE DROP

Estimated payment $7,823/month

Total Views 8,696
2 Beds
2 Baths
1,421 Sq Ft
$739 Price per Sq Ft

Highlights

  • White Water Ocean Views
  • Property is near a marina
  • Open Floorplan
  • Southside Elementary School Rated A
  • Gated Community
  • Property is near public transit

About This Home

Sensational Sarasota Bay and Sparkling Sunset Views enhance this rarely available Penthouse peacefully tucked away in the heart of downtown Sarasota. Welcome to Palm Place, a gated boutique size urban oasis, offering a lifestyle of convenience and indulgence. From the moment you enter this beautifully maintained 2 bedroom, 2 bath residence your eyes are immediately drawn to the dazzling water, bridge and city views. A wide foyer opens to a brightly lit wraparound kitchen with a breakfast nook featuring eastern city views and a separate dining area adjacent to the great room. The kitchen offers granite countertops, updated appliances, sleek modern cabinetry, and full size washer & dryer, with ample storage and counters that maximize utility and entertaining space. The central living space spans the center of the home, with a wall of glass sliders opening to the oversized terrace, where you are sure to enjoy the fresh balmy breezes, picturesque day-and nighttime views, along with all the daily boating activity near Marina Jacks and beyond to the barrier islands. Two large bedrooms adjoin the great room, with separation from one another to ensure ideal privacy. The owners’ suite is a spacious retreat with private access to the terrace, dual closets, a bay window with a cozy bench, relaxing water views, and an en-suite bathroom featuring Jerusalem marble & convenient built-ins. The eastern-facing guest room is enhanced by sunrise city views, ample closet space, and immediate access to the guest bathroom with marble shower. Two underbuilding tandem parking spaces and a large storage unit are assigned to this perfect city retreat and there is plenty of guest parking. Come and discover the allure of Palm Place, a newly updated, gated and secured building with a sparkling private pool, perfectly located on idyllic tree-lined Palm Avenue, where easy access to cultural gems meets the allure of St. Armand's, Lido & Longboat Key, and a variety of nearby beaches. This beautiful penthouse isn't just a home; it's an invitation to savor a lifestyle that seamlessly blends sophistication with coastal charm. Don't miss the opportunity to own show-stopping views at this enviable address of this rare opportunity to own downtown Sarasota!

Listing Agent

Tina Rudek Stark, PA

ROSEBAY INTERNATIONAL REALTY, INC Brokerage Phone: 941-366-7673 License #0644077 Listed on: 03/21/2025

ROSEBAY INTERNATIONAL REALTY, INC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,764

Year Built

  • Built in 1983

HOA Fees

  • $1,076 Monthly HOA Fees

Property Views

  • White Water Ocean
  • City

Home Design

  • Membrane Roofing
  • Concrete Roof
  • Cement Siding
  • Block Exterior
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 1,421 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Sliding Doors
  • Combination Dining and Living Room

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Home Security

Parking

  • 2 Carport Spaces
  • Tandem Parking
  • 2 Assigned Parking Spaces

Outdoor Features

  • Outdoor Shower
  • Property is near a marina
  • Balcony
  • Covered patio or porch
  • Outdoor Storage
  • Outdoor Grill

Schools

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

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Electric Water Heater

Additional Features

  • East Facing Home
  • Property is near public transit

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, pool, maintenance structure, ground maintenance, maintenance, management, recreational facilities, sewer, trash, water
  • Brett Mcmichen Association
  • Mid-Rise Condominium
  • Palm Place Community
  • Palm Place Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • Community features wheelchair access
  • 6-Story Property

Amenities

  • Elevator

Recreation

  • Community Pool

Pet Policy

  • Pets up to 30 lbs
  • 1 Pet Allowed
  • Dogs and Cats Allowed

Security

  • Security Service
  • Card or Code Access
  • Gated Community
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,764

Year Built

Built in 1983

Lot Details

0

HOA Fees

$1,076 per month

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Cement Siding, Stucco
  • Fireplace: No
  • Living Area: 1421
  • New Construction: No
  • Year Built: 1983
  • Building Area Total: 1661
  • Directions to Property: Take US 41 South to Ringling Blvd & turn East towards Palm Avenue. Turn South at circle and follow S, Palm Ave to 755 S. Palm Ave on left. Pull into gate and please park in visitor parking only.
  • Status: Active
  • Street Direction: S
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 6
  • List Office Head Office Key Nume: 1047418
  • Minimum Lease: 1-2 Years
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 738.92
  • Total Acreage: Non-Applicable
  • Unit Number YN: 0
  • Water Access YN: 0
  • Condo Fees Term: Quarterly
  • Property Description: Mid Rise
  • MFR_NumAssignedParkingSpaces: 2
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 941-366-7673
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Marble
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 6
  • Street Number Modifier: 755
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 132.02
  • Room Count: 6

Exterior Features

  • Direction Faces: East
  • Other Structures: Storage
  • Exterior Features: Balcony, Hurricane Shutters, Outdoor Grill, Outdoor Shower, Sidewalk, Sliding Doors, Storage
  • Roof: Concrete, Membrane
  • Pool Private: No
  • View: City, Water
  • Waterfront: No
  • Patio and Porch Features: Covered, Front Porch, Rear Porch
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View: Bay/Harbor - Full
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Assigned, Guest, Tandem, Basement

Utilities

  • Utilities: Underground Utilities, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Gated Community - No Guard, Pool, Wheelchair Access
  • Association Amenities: Elevator(s), Gated, Lobby Key Required, Maintenance, Pool, Security
  • Association Name: Brett McMichen
  • Association: Yes
  • Security: Fire Sprinkler System, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: See Condo Docs
  • Association Fee Requirement: None
  • Building Name Number: PALM PLACE
  • Condo Fees: 3227
  • Condo Land Included YN: 1
  • Max Pet Weight: 30
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: bmcmichen11@gmail.com
  • Monthly Condo Fee Amount: 1076
  • Pet Size: Small (16-35 Lbs.)

Fee Information

  • Total Annual Fees: 12908.00
  • Total Monthly Fees: 1075.67

Schools

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

Lot Info

  • Zoning: DTE/DOWNTOWN EDGE
  • Parcel Number: 2036033034
  • Additional Parcels: No
  • Fencing: Other
  • Lot Features: Near Marina, Near Public Transit, Sidewalk, Paved
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 0

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Cats OK, Dogs OK, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: see Condo Docs

Tax Info

  • Tax Annual Amount: 10764
  • Tax Block: 0
  • Tax Book Number: 20/21
  • Tax Lot: 0

Multi Family

  • Approval Process: All leases require approval by a majority of the Board of Directors. Owners must submit a completed Lease Application Form and the required application fee sent by Certified Mail to Management Company

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $9,254 $713,600 -- $713,600
2023 $9,254 $675,800 $0 $675,800
2022 $2,098 $542,500 $0 $542,500
2021 $7,406 $463,200 $0 $463,200
2020 $7,734 $471,800 $0 $471,800
2019 $8,116 $500,500 $0 $500,500
2018 $7,381 $449,500 $0 $449,500
2017 $7,725 $466,500 $0 $466,500
2016 $8,039 $492,400 $0 $492,400
2015 $8,333 $553,200 $0 $553,200
2014 $8,141 $330,330 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2025 05/26/25 Price Changed $1,050,000 -4.5% $739 / Sq Ft
04/25/2025 04/25/25 Price Changed $1,100,000 -4.3% $774 / Sq Ft
03/21/2025 03/21/25 For Sale $1,150,000 +40.2% $809 / Sq Ft
03/03/2023 03/03/23 Sold $820,000 -2.3% $577 / Sq Ft
02/02/2023 02/02/23 Pending -- -- --
01/25/2023 01/25/23 Price Changed $839,000 -3.0% $590 / Sq Ft
01/03/2023 01/03/23 Price Changed $865,000 0.0% $609 / Sq Ft
01/03/2023 01/03/23 For Sale $865,000 +5.5% $609 / Sq Ft
09/09/2022 09/09/22 Off Market $820,000 -- --
08/22/2022 08/22/22 Price Changed $969,000 -1.6% $682 / Sq Ft
06/23/2022 06/23/22 For Sale $985,000 0.0% $693 / Sq Ft
09/26/2019 09/26/19 Rented $4,500 +12.5% --
09/12/2019 09/12/19 For Rent $4,000 +50.9% --
07/13/2018 07/13/18 Rented $2,650 -8.6% --
07/02/2018 07/02/18 Under Contract -- -- --
06/16/2018 06/16/18 Price Changed $2,900 +3.6% $2 / Sq Ft
06/15/2018 06/15/18 For Rent $2,800 +16.7% --
06/12/2018 06/12/18 Off Market $2,400 -- --
04/24/2018 04/24/18 Price Changed $2,400 -17.2% $2 / Sq Ft
03/26/2018 03/26/18 For Rent $2,900 -- --
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $820,000 Msc Title
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $118,000 No Value Available
Source: Public Records

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Source: Stellar MLS

MLS Number: A4645530

Stellar MLS

APN: 2036-03-3034