2 months on rocket

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

$1,890,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths, 1 Partial
2,761 SqFt
$685/SqFt
Condo
Schools Nearby

Location

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340 S Palm Ave Unit 15, Sarasota$1,890,000

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

Enviably located and spacious, this Sarabande residence presents exceptional value on one of Sarasota’s most coveted streets, the idyllic and beautifully shaded Palm Avenue. The square footage and scale of this residence are a rare find at this price point. An open layout and generous room proportions with optimal flow span more than 2,700 square feet of interior living space with 3 bedrooms and 3.5 bathrooms. An inviting terrace expands the living space with additional room for dining and lounging. Fine features throughout include hardwood floors, recessed lighting, contemporary wood tones, and integrated storage. From the entry, the home opens to a bright and welcoming central living space that encompasses the dining area and living room with direct access to the outdoor space. The light-filled kitchen includes an eat-in space for a breakfast table with large gallery windows and an island to accommodate extra seating. Wall oven, range, and side-by-side paneled refrigerator ensure gourmet luxury. The owners’ suite is situated apart from guest bedrooms and enjoys an expanse of floor-to-ceiling windows, a spa-like bathroom, and two walk-in closets. A dedicated ensuite guest suite includes generous closet space, and a third bedroom with an adjacent bath offers ideal flex space as an office, study, or media den. The laundry room with additional storage space and a separate pantry add to the home’s comforts. Situated directly across from the marina and Sarasota Bay within a few short blocks of innumerable options for dining and entertainment, Sarabande is city living at its finest. This lushly landscaped and pet-friendly oasis enjoys numerous amenities that include two pools and a spa, hospitality and meeting spaces, a library, a large fitness center, two guest suites and onsite staff. The building is meticulously maintained and financially sound, with only 57 residences for an ideal blend of luxury surroundings and the privacy of a close community.

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

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: 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: $1,890,000
  • Price Per SqFt: $685/SqFt

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

$513.2K

Med. Price/SqFt

$305

Avg. Days On Market

62

# of Sold Homes

531

340 S Palm Ave Unit 15 vs Sarasota

88 DAYS ON ROCKET

+26 Days

$1,890,000

+$1.3M More

$685/SqFt

+$380 More

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $380/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.

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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: 4/28/2024, 6:19:17 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

$9,500

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,733

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-2488218
10
/10
  • Southside Elementary School

  • 1901 Webber St

  • 1.77 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2488219
2
/10
  • Booker Middle School

  • 2250 Myrtle St

  • 2.70 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-2488220
4
/10
  • Sarasota High School

  • 1000 S School Ave

  • 1.04 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $84,075. The most common annual income of people living in Sarasota, FL is between $35k-100k. The most common type of family is single, no kids. Most 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 15

What is the listing price of this property?

The listing price of 340 S Palm Ave Unit 15 property is $1,890,000.

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 are the assigned schools for this property?

The assigned schools for 340 S Palm Ave Unit 15 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 $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 $1,890,000.

Over 30 listings were sold over their listed price in March 2024 in Sarasota, FL. In the same period over 414 listings were sold below the listed price and 87 listings were sold for the listed price. Between February 2024 and March 2024, Sarasota, FL real estate market has seen increase in the number of listings by 3.8%. In March 2024 median list price was $513,207 and the average listing age was 62 days.

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

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