$820,000
SOLD MAR 3, 2023
2 Beds
2 Baths
1,421 Sq Ft
$833/mo HOA Fee

Recently Sold

$577 Per Sq Ft

5% Below List Price

223 Days on Market

Highlights

  • White Water Ocean Views
  • Property is near a marina
  • In Ground Pool
  • Southside Elementary School Rated A
  • Penthouse
  • Gated Community

About This Home

As of March 2023

Rare downtown opportunity with two bedrooms and stunning unobstructed bay views. This penthouse-level condominium in the low-density Palm Place building boasts two bedrooms and spacious living spaces with more than 1,400 air-conditioned square feet and additional outdoor space on a deep terrace that showcases fabulous unobstructed views of Sarasota Bay and the Ringling Bridge. A wide foyer opens to a brightly lit wraparound kitchen with a breakfast nook featuring eastern city views and a separate dining space adjacent to the great room. The kitchen has granite countertops, updated appliances, and sleek modern cabinetry, with ample storage and counters that maximize utility and entertaining space. To the west, the kitchen overlooks the central living space that spans the center of the home, with a wall of glass sliders opening to the deep terrace. Two large bedrooms adjoin the great room, with separation from one another to ensure ideal privacy. The owners’ suite is an enormous retreat with private access to the terrace, dual closets, a bay window with picturesque water views, and an en-suite bathroom featuring Jerusalem marble. The guest room is a light filled oasis with a large eastern-facing window for sunrise city views, ample closet space, and immediate access to the second full bath. In-unit washer and dryer included for complete convenience. Palm Place is perfectly located on the idyllic tree-lined Palm Avenue, within a short distance to downtown amenities, Selby Gardens, and the waterfront. The building is gated and secure, with a dedicated parking space large enough to accommodate two cars, storage area, and resident-only pool . Show-stopping views and a spacious layout complement the enviable address of this rare opportunity to own downtown at below a million.

Last Agent to Sell the Property

Lisa Rooks Morris

DOUGLAS ELLIMAN License #3042565 Listed on: 06/23/2022

DOUGLAS ELLIMAN

Last Buyer's Agent

Eileen Saunders

MICHAEL SAUNDERS & COMPANY License #3409184

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,406

Year Built

  • Built in 1983

Lot Details

  • West Facing Home
  • Masonry wall

HOA Fees

  • $833 Monthly HOA Fees

Property Views

  • White Water Ocean
  • City

Home Design

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

Interior Spaces

  • 1,421 Sq Ft Home
  • Ceiling Fan
  • Drapes & Rods
  • Sliding Doors
  • Combination Dining and Living Room

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

Parking

  • 2 Carport Spaces
  • Ground Level Parking

Outdoor Features

  • In Ground Pool
  • Property is near a marina
  • Balcony
  • Covered patio or porch
  • Outdoor Storage

Location

  • Property is near public transit
  • City Lot

Schools

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

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, common area taxes, community pool, maintenance structure, pool maintenance, sewer, trash, water
  • Maggie Estes, At The Helm Property Management Association
  • Mid-Rise Condominium
  • Palm Place Community
  • Palm Place Subdivision
  • Rental Restrictions
  • 7-Story Property

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Community Pool

Pet Policy

  • Pets up to 30 lbs
  • Pet Size Limit
  • 1 Pet Allowed

Security

  • Gated Community
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,406

Year Built

Built in 1983

Lot Details

0

HOA Fees

$833 per month

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Community Pool, Maintenance Structure, Pool Maintenance, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • 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: Mound St (US 41) to North on Palm Ave, building on right. Street parking or Listing Agent will open gate for you, guest parking in lot.
  • Status: Sold
  • Street Direction: S
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4539543?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4539543?w=Customer
  • Floor Number: 7
  • Homestead Y N: No
  • Number Of Pets: 1
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Property Description: Mid Rise, Penthouse
  • Call Center Phone Number: 855-952-2989
  • Ratio: Close Price\List Price: 0.97735
  • Price per Sq Ft: 577.06
  • Close to Original List Price Ratio: 0.83249
  • Ratio: Current Price\Building Area Total: 493.68
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Master Bedroom Main Floor, Stone Counters, Thermostat, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: No
  • Stories: 7
  • Window Features: Drapes
  • Street Number Modifier: 755
  • Room Count: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Pool Features: In Ground
  • Exterior Features: Balcony, Hurricane Shutters, Sidewalk, Sliding Doors, Storage
  • Roof: Concrete, Membrane
  • Pool Private: No
  • View: City, Water
  • Waterfront: No
  • Patio and Porch Features: Covered, Rear Porch
  • Road Surface Type: Paved, Asphalt
  • Water View: Bay/Harbor - Full
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Assigned, Covered, Ground Level, Guest, Under Building
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Pool
  • Association Amenities: Elevator(s), Gated, Pool, Storage
  • Association Name: Maggie Estes, At the Helm Property Management
  • Association: No
  • Security: Gated Community, Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 2500
  • Condo Fees Term: Quarterly
  • Association Email: maggie@thehelmfl.com
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 833
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 10000
  • Total Monthly Fees: 833.33

Schools

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

Lot Info

  • Zoning: DTE
  • Parcel Number: 2036033034
  • Additional Parcels: No
  • Fencing: Masonry
  • Lot Features: City Lot, Level, Near Marina, Near Public Transit, Sidewalk
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Negotiable
  • Pets Allowed: Number Limit, Size Limit, Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 30
  • Minimum Lease: 1-2 Years
  • Approval Process: Lease application form and application fee of $100 per occupant required from tenant. Lease term shall be one year. BOD must approve lease and tenant.
  • Num Timesper Year: 1
  • Pet Restrictions: Owners/renters are allowed to own one dog or cat weighing fewer than 30 pounds.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See condo docs

Tax Info

  • Tax Annual Amount: 7405.94
  • Tax Book Number: 20-21
  • Tax Lot: 604

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2022
Closed on
Mar 3, 2023
Sold by
Borden-Utz Sara
Bought by
Thomas A Simonian Trust
Seller's Agent
Lisa Rooks Morris
DOUGLAS ELLIMAN
Buyer's Agent
Eileen Saunders
MICHAEL SAUNDERS & COMPANY
List Price
$865,000
Sold Price
$820,000
Premium/Discount to List
-$45,000
-5.2%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.60%

Purchase Details

Closed on
Oct 1, 1996
Sold by
Bottner Alfred I and Bottner Rosalee
Bought by
Borden Eunice J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
7.87%
Source: Public Records

Similar Homes in Sarasota, FL

  • 226 Golden Gate Point Unit 64, Sarasota, FL 34236

    $875,000

    • 2 Beds
    • 2 Baths
    • 1,396 Sq Ft
    • 226 Golden Gate Point
    • Unit 64
    • Sarasota, FL

    Magnificent full view of Sarasota Bay and spectacular sunsets right from your living room brings a serene peacefulness to the day. At night the ribbon of lights on the Ringling bridge are a sight to behold. This corner unit offers scenic views of Sarasota Bay, featuring two bedrooms and two bathrooms with 1,396 square feet of living space. Located in Harbor House West, the building includes

    Tracy Srodes FINE PROPERTIES

    Section Image
  • 199 Whispering Sands Dr Unit 105, Sarasota, FL 34242

    $679,000

    • 2 Beds
    • 2 Baths
    • 1,557 Sq Ft
    • 199 Whispering Sands Dr
    • Unit 105
    • Sarasota, FL

    Your Dream Coastal Retreat Awaits at Whispering Sands – Siesta Key> ** Private Beach @ #1 Beach in USA**Welcome to your beautifully renovated 2-bedroom, 2-bath condo in the highly desirable Whispering Sands community, ideally located in the heart of Siesta Key Village. This stunning residence combines coastal elegance with modern convenience to create the ultimate island

    Tracy Srodes FINE PROPERTIES

    Section Image
  • 145 Avenida Messina Unit 3, Sarasota, FL 34242

    $679,000

    • 2 Beds
    • 2 Baths
    • 900 Sq Ft
    • 145 Avenida Messina
    • Unit 3
    • Sarasota, FL

    Welcome to this wonderful condominium complex directly on the edge of the Siesta Key Village! This UPSTAIRS unit has been completely remodeled from top to bottom and is absolutely stunning! The opened kitchen features stainless steel appliances, handsome quartz counters, and a tan tiger-look cabinetry. There is all new lighting, fans, receptacles and switches, and a neutral plank-like ceramic

    Joe Cleary RE/MAX ALLIANCE GROUP

    Section Image
  • 5600 Beach Way Dr Unit 315, Sarasota, FL 34242

    $975,000

    • 2 Beds
    • 2 Baths
    • 1,259 Sq Ft
    • 5600 Beach Way Dr
    • Unit 315
    • Sarasota, FL

    Are you ready to create your lifestyle in the sun, steps away from the quartz crystal white powdery sands and warm Gulf waters of the award-winning Siesta Key Beach? This wonderfully located tun-key, furnished condo end unit is oh so unique on the top floor with views of the beautiful beach and Gulf waters, a rare, remodeled find on the spectacular Gulf coasts of Florida! This recently,

    Karie Backman KELLER WILLIAMS ON THE WATER S

    Section Image
  • 5855 Midnight Pass Rd Unit 416, Sarasota, FL 34242

    $695,000

    • 2 Beds
    • 2 Baths
    • 1,056 Sq Ft
    • 5855 Midnight Pass Rd
    • Unit 416
    • Sarasota, FL

    Step into the exclusive waterfront haven of Harbor Towers Yacht and Racquet Club, a true resort paradise that will capture your heart instantly. The building has recently undergone a comprehensive $13 million, four-year hurricane hardening and structural upgrade, completed in 2024. Designed to meet the latest safety standards for hurricane and wind protection, these enhancements include

    Suzy Kolaz KELLER WILLIAMS ON THE WATER S

    Section Image
  • 755 S Palm Ave Unit 604, Sarasota, FL 34236

    $1,000,000

    • 2 Beds
    • 2 Baths
    • 1,421 Sq Ft
    • 755 S Palm Ave
    • Unit 604
    • Sarasota, FL

    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,

    Tina Rudek Stark, PA ROSEBAY INTERNATIONAL REALTY, INC

    Section Image
  • 770 S Palm Ave Unit 903, Sarasota, FL 34236

    $829,900

    • 2 Beds
    • 2 Baths
    • 1,397 Sq Ft
    • 770 S Palm Ave
    • Unit 903
    • Sarasota, FL

    Priced below recent sales!!!Stunning 9th floor residence with Million Dollar views. An Iconic building offering an exceptional downtown lifestyle. It’s located on Marina Row with the best view of every coveted sight in Sarasota: the open bay, moored sailboats along Bayfront Park, the John Ringling Bridge, Golden Gate Point, Bird Key, Lido Key, Siesta Key, the Gulf of Mexico and Selby

    Tammy Garner COLDWELL BANKER REALTY

    Section Image
  • 707 S Gulfstream Ave Unit 301, Sarasota, FL 34236

    $860,000

    • 2 Beds
    • 2 Baths
    • 1,247 Sq Ft
    • 707 S Gulfstream Ave
    • Unit 301
    • Sarasota, FL

    Welcome to Essex House—an elegant and sophisticated community that truly captures the essence of downtown Sarasota living. Perfectly positioned along the bayfront, this prestigious building offers a seamless blend of timeless design, modern comfort, and unparalleled access to the city’s vibrant cultural scene, fine dining, and waterfront attractions.This rarely available, updated

    Jackie Eberley COLDWELL BANKER REALTY

    Section Image
  • 1740 Alderman St Unit 12, Sarasota, FL 34236

    $629,000

    • 2 Beds
    • 2.5 Baths
    • 1,264 Sq Ft
    • 1740 Alderman St
    • Unit 12
    • Sarasota, FL

    Hudson Oaks offers true waterfront living in the heart of downtown Sarasota, set in a lush and tranquil setting with water views and boating access. This beautifully updated 2-bedroom, 2-bath, two-story condo is part of a hidden gem community tucked between historic Laurel Park and vibrant Burns Court. You’re just minutes from Sarasota’s top restaurants, boutique shops, Selby Gardens, the

    Sasha Volosevych CALL IT CLOSED INTL REALTY

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 Price Changed $1,000,000 -4.8% $704 / Sq Ft
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

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 $9,254 $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

Agents Affiliated with this Home

See All Agents

Map

Source: Stellar MLS

MLS Number: A4539543

Stellar MLS

APN: 2036-03-3034