9 months on rocket

340 S Palm Ave Unit 15, Sarasota, FL, 34236

$1,650,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths, 1 Partial
2,761 SqFt
$598/SqFt
Condo

Location

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340 S Palm Ave Unit 15, Sarasota$1,650,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Circular Driveway, Deeded, Guest, Under Building
Attached Garage2 spaces
Year Built1998
HeatingCentral, Electric
CoolingCentral Air
ViewCity, Water
MLS #A4596801
Lot Size1.29 Acres
StatusActive

About 340 S Palm Ave Unit 15

An exceptional combination of space, location, and excellent value define this distinctive Sarabande residence. It’s rare to find a spacious 2,700 square ft., three-bedroom/3.5 bath downtown condominium with two secure parking spaces and abundant storage where the interior space flows like a single-family home. Whether you’re a year-round resident or seasonal snowbird, you’ll appreciate the size and layout, as well as the convenience, service, and safety of a well-established, fully-funded community. Step off the elevator into your semi-private foyer, then through the front door into a light-filled 21 x 21 ft. living area. Floor-to-ceiling windows frame the city, and a comfortable terrace invites you to enjoy morning coffee and fiery sunsets, or simply to relax and unwind. The adjacent dining area, featuring a custom-built buffet, easily accommodates ten guests, making it an ideal space for family gatherings or entertaining friends. Continue through to the kitchen with a center island and dining bar for those who want to visit with the chef. You’ll appreciate the ample cabinet space, cozy eat-in breakfast area, designated built-in workspace, and direct terrace access. There is no shortage of storage throughout this spacious home, with closets in the entry and guest area, a pantry, a cedar-lined closet, and generous built-in closets in each bedroom. Through a set of double doors, the spacious owner’s retreat features a striking wall of windows and a modern en-suite bath with dual vanities, a large shower, a separate water closet, and two walk-in closets. Comfortably removed from the living and owner spaces, your guests will enjoy their quarters, complete with an en-suite bath and ample closet space, ensuring luxury and privacy. A third en-suite is yours to customize; whether you envision it as a third bedroom, media room, home office, or an art studio, the choice is yours. A separate powder bath is available to visitors. Sarabande boasts meticulously maintained amenities: a large, heated pool, a second plunge pool and spa, and a grilling area. Stay fit in the well-equipped fitness center, which includes a massage room, sauna, and changing area. Additional perks include two guest suites, wine lockers, professional 24/7 staffing, a library, a boardroom, and a spacious community event area with an expansive terrace and full kitchen. Grandly situated across from Sarasota Bay & the marina, Sarabande is a refined, well-appointed community, a convenient urban retreat with the theaters, galleries, shops, spas, and restaurants of Palm Ave and Main St. just outside your door. For those who are ready to experience the ease and excitement of downtown Sarasota, Sarabande 15 is move-in ready and available for a quick close.

Property Details

Property Features

Property Information:

  • Year Built: 1998
  • Stories: 15
  • Living Area: 2,761 SqFt

Listing Office:

  • Office Name: DOUGLAS ELLIMAN
  • Listing Agent: Amy Drake

Interior Features

Interior Information:

  • Appliances: Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer
  • Flooring Type: Tile, Wood
  • Interior: Ceiling Fans(s), Eat-in Kitchen, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat, Walk-In Closet(s), Window Treatments

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City, Water
  • Exterior: Balcony, Sidewalk, Sliding Doors, Storage

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Assigned, Circular Driveway, Deeded, Guest, Under Building

Lot Features

Lot Information:

  • Lot: Flood Zone, City Lot, Sidewalk, Paved
  • Lot Size: 1.29 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: US41/Mound Ave or Ringling Blvd to Palm Avenue. Palm Ave to Sarabande. Guest parking on site.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,650,000
  • Price Per SqFt: $598/SqFt

HOA Fees:

  • Amount: $2789
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $19,020
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Sarasota, FL.

Med. Sold Price

$520.7K

Med. Price/SqFt

$305

Avg. Days On Market

62

# of Sold Homes

302

340 S Palm Ave Unit 15 vs Sarasota

297 DAYS ON ROCKET

+235 Days

$1,650,000

+$1.1M More

$598/SqFt

+$293 More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $293/SqFt more than other homes in Sarasota, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #A4596801

Listing Office:

  • Office Name: DOUGLAS ELLIMAN
  • Listing Agent: Amy Drake

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 8:19:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 16, 2008Home Sold
$1,250,000
May 06, 2003Home Sold
$820,000
Oct 20, 1998Home Sold
$612,700

Tax History

YEARPROP. TAXASSESSMENT
2020$19,020$1,170,600
2019$18,701$1,139,380
2018$16,879$1,035,800
2017$19,597$1,216,600

History based on county public records data.

Payment Calculator

$9,232

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,013

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-974676
7
/10
  • Alta Vista Elementary School

  • 1050 S Euclid Ave

  • 1.48 miles

  • Public District Grades PK-5

school-card-donut-974677
10
/10
  • Southside Elementary School

  • 1901 Webber St

  • 1.77 miles

  • Public District Grades PK-5

school-card-donut-974678
4
/10
  • Tuttle Elementary School

  • 2863 8th St

  • 1.95 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $84,075. Typical income of Sarasota, FL residents is between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 340 S Palm Ave Unit 15

What is the listing price of this property?

The listing price of 340 S Palm Ave Unit 15 property is $1,650,000.

What type of property is this?

The property 340 S Palm Ave Unit 15 is a condo located in Sarasota, Florida, 34236.

Is this property for sale now?

Active Listing: 340 S Palm Ave Unit 15 is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $19,020 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 16, 2008 for $1,250,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 340 S Palm Ave Unit 15 has 3 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 340 S Palm Ave Unit 15 is 2,761 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 340 S Palm Ave Unit 15 is 1998.

Rocket HomesFloridaSarasota CountySarasota34236340 S Palm Ave Unit 15

This home is located at 340 S Palm Ave Unit 15 in Sarasota, FL and zip code 34236 in the Downtown Sarasota neighborhood. This 2,761 square foot home, which was built in 1998, sits on a 1.29 acre lot. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 31, 2024 and is currently priced at $1,650,000.

Over 13 listings were sold over their listed price in October 2024 in Sarasota, FL. In the same period over 242 listings were sold below the listed price and 47 listings were sold for the listed price. The number of homes for sale in Sarasota, FL decreased by 0.8% between September 2024 and October 2024. While the average time on the market in October 2024 was 62 days, the median list price was $520,718.

From Rocket Homes Real Estate and based on county public records data.

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