1 month on rocket

340 S Palm Ave Unit 11, Sarasota, FL, 34236

$1,950,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths
2,075 SqFt
$940/SqFt
Condo
Schools Nearby

Location

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340 S Palm Ave Unit 11, Sarasota$1,950,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Covered, Deeded, Garage Door Opener, Guest, Off Street, On Street
Attached Garage2 spaces
Year Built1998
HeatingElectric
CoolingCentral Air
WaterfrontBay, Marina
ViewCity, Water
MLS #A4602631
StatusActive

About 340 S Palm Ave Unit 11

Located on the serene and highly sought-after Palm Avenue, Sarabande offers an iconic bayfront living experience in Downtown Sarasota. This southerly corner unit covers 2,323 square feet, including the outdoor living space, and has been renovated (2019-2021) and cherished, highlighting exquisite craftsmanship and attention to detail. Step inside to discover an inviting and spacious residence featuring warm wooden floors that flow seamlessly throughout. The gourmet kitchen is a chef's dream, equipped with top-of-the-line Jenn-Air & Bosch appliances, custom cabinetry, and quartz countertops. The primary bedroom suite is a private sanctuary, occupying over 600 square feet and boasting floor-to-ceiling windows, electric window coverings, porcelain tile floors in the primary bath and an enormous custom-built closet. The second bedroom with city views is perfect for out-of-town guests. The large office/den, equipped with custom built-in bookcases, workstation and storage, offers an ideal area for work, relaxation, or conversion into a third bedroom. Enjoy breathtaking views from the balcony overlooking our beautiful Sarasota Bay, perfect for private alfresco dining, Fourth of July fireworks, or simply watching the sunset. Residents who live in this full-service building enjoy a host of amenities, including an elegant lobby and reception area with a concierge desk, meeting rooms, club rooms for private gatherings, updated guest suites available by request, a fully equipped fitness center, two swimming pools including a heated 25-meter lap pool, a large spa and a sauna. Sarabande is also pet-friendly, adding to the allure of this exceptional residence. Experience the best in urban living with Sarabande's prime location, just a few minutes from theatres, art galleries, fine dining, shopping, the marina and Bayfront Park. This home also includes two parking spaces (w/1 electric hook up) and two secure storage units.

Property Details

Property Features

Property Information:

  • Year Built: 1998
  • Stories: 16
  • Living Area: 2,075 SqFt

Listing Office:

  • Office Name: PREMIER SOTHEBYS INTL REALTY
  • Office Phone: (941) 364-4000
  • Listing Agent: Liz Nason

Interior Features

Interior Information:

  • Appliances: Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer
  • Flooring Type: Hardwood, Tile
  • Interior: Built-in Features, Ceiling Fans(s), High Ceilings, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Walk-In Closet(s), Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Bay, Marina
  • View: City, Water
  • Exterior: Balcony, Sliding Doors, Storage

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Assigned, Covered, Deeded, Garage Door Opener, Guest, Off Street, On Street

Lot Features

Lot Information:

  • Lot: City Lot, Near Marina, Near Public Transit, Private, Sidewalk

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Sarasota High School, Public District Grades 9-12
  • Booker Middle School, Public Magnet Grades 6-8
  • Southside Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From Palm Avenue, just southeast of Ringling, turn into the driveway and park in guest parking. Take elevator or climb stairs to lobby. Listing agent will meet you in the lobby. Please sign you and your customers in at the desk. Thanks!

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,950,000
  • Price Per SqFt: $940/SqFt

Tax Information:

  • Annual Amount: $293
  • Tax Year: 2020
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Housing Market Comparison

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

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Sarasota, FL

City

Med. Sold Price

$519K

Med. Price/SqFt

$306

Avg. Days On Market

56

# of Sold Homes

593

340 S Palm Ave Unit 11 vs Sarasota

57 DAYS ON ROCKET

+1 Day

$1,950,000

+$1.4M More

$940/SqFt

+$633 More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $633/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: #A4602631

Listing Office:

  • Office Name: PREMIER SOTHEBYS INTL REALTY
  • Office Phone: (941) 364-4000
  • Listing Agent: Liz Nason

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.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/5/2024, 12:19:34 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

Jun 18, 2021Home Sold
$1,400,000
May 26, 2017Home Sold
$875,000

Tax History

YEARPROP. TAXASSESSMENT
2020$293$830,090
2019$287$811,427
2018$284$796,297
2017$17,245$1,053,300

History based on county public records data.

Payment Calculator

$9,800

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,913

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.

Elementary School

school-card-donut-6465964
10
/10

  • Southside Elementary School

  • 1901 Webber St

  • 1.77 miles

  • Public District Grades PK-5

Middle School

school-card-donut-6465965
2
/10

  • Booker Middle School

  • 2250 Myrtle St

  • 2.70 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-6465966
4
/10

  • Sarasota High School

  • 1000 S School Ave

  • 1.04 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

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

All data provided by Home Junction and Claritas

Frequently Asked Questions About 340 S Palm Ave Unit 11

What is the listing price of this property?

The listing price of 340 S Palm Ave Unit 11 property is $1,950,000.

What type of property is this?

The property 340 S Palm Ave Unit 11 is a condo located in Sarasota, Florida, 34236.

Is this property for sale now?

Active Listing: 340 S Palm Ave Unit 11 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 340 S Palm Ave Unit 11 are:
Southside Elementary School: GreatSchools Rating 10/10
Booker Middle School: GreatSchools Rating 2/10
Sarasota High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $293 (source: MLS/based on county public records data).

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

The last sale was on June 18, 2021 for $1,400,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 340 S Palm Ave Unit 11 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 340 S Palm Ave Unit 11 is 2,075 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 340 S Palm Ave Unit 11 is 1998.

Rocket Homes›Florida›Sarasota County›Sarasota›34236›340 S Palm Ave Unit 11

This home is located at 340 S Palm Ave Unit 11 in Sarasota, FL and zip code 34236 in the Downtown Sarasota neighborhood. This 2,075 square foot home was built in 1998. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 08, 2024 and is currently priced at $1,950,000.

While more than 41 listings in Sarasota, FL in April 2024 were sold above asking price, there were more than 90 listings sold at asking price, and more than 462 were sold below. The inventory of homes for sale in Sarasota, FL between March 2024 and April 2024 decreased by 1.8%. In April 2024, listings were on the market for 56 days. During the same period, the median list price in this real estate market was $519,031.

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

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