2 months on rocket

340 S Palm Ave Unit 945, Sarasota, FL, 34236

$3,900,000

5 Bedrooms
5 Full Baths, 1 Partial
4,534 SqFt
$860/SqFt
Condo
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeCondominium
ParkingDeeded, Guest, Under Building
Attached Garage2 spaces
Year Built1998
HeatingCentral, Zoned
CoolingCentral Air, Zoned
WaterfrontBay
ViewWater
MLS #A4598122
StatusActive

About 340 S Palm Ave Unit 945

Experience the epitome of luxury living at this Bayfront condominium, boasting mesmerizing 180-degree water views. This extraordinary 5-bedroom, 5.5-bathroom offers 4534 sq. ft. of meticulously designed living space. Perched in a prime location, this residence has unparalleled views of the bay from every angle, creating a serene and picturesque backdrop for your daily life. Step into the grandeur of the living room, where floor-to-ceiling sliding glass doors provide breathtaking views of the Bayfront. Adorned with wood floors, this space invites you to experience the beauty of the bay while a sophisticated wet bar, complete with an undercabinet SubZero beverage refrigerator and beer refrigerator with tap dispenser, stands ready to be the centerpiece of your entertainment. With seating for seven, it's an ideal setting for hosting gatherings or savoring quiet evenings with loved ones. The gourmet kitchen is a chef's dream, featuring, a separate Subzero refrigerator and freezer, Dacor cooktop with grill insert or griddle, double built-in ovens and a Bosch dishwasher. The expansive granite countertops provide ample space for culinary creations, complemented by a pantry closet that ensures you have all the storage you need. The split plan ensures that each of the 5 bedrooms boasts its own en-suite bathroom, providing a private and indulgent retreat for every resident. It also comes with the added benefit of 2 parking spaces for your convenience. The thoughtful design, coupled with the panoramic views and high-end amenities, make this property a rare gem in the world of real estate. Indulge in the epitome of Bayfront living and make this home your own. Schedule a viewing today to experience the unparalleled luxury and lifestyle this residence has to offer.

Property Details

Property Features

Property Information:

  • Year Built: 1998
  • Stories: 1
  • Living Area: 4,534 SqFt

Listing Office:

  • Office Name: MICHAEL SAUNDERS & COMPANY
  • Office Phone: (941) 951-6660
  • Listing Agent: Bibi-Ann Allard, PA

Interior Features

Interior Information:

  • Appliances: Bar Fridge, Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer, Wine Cooler
  • Flooring Type: Tile, Wood
  • Interior: Built-in Features, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s), Wet Bar

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 5
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

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

Parking Information:

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

Lot Features

Lot Information:

  • Lot: City Lot

Utilities

Utilities Information:

  • Heating: Central, Zoned
  • Cooling: Central Air, Zoned

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: Downtown Sarasota, 41 to John Ringling Blvd to South Palm Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,900,000
  • Price Per SqFt: $860/SqFt

Tax Information:

  • Annual Amount: $25,729
  • 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 945 vs Sarasota

86 DAYS ON ROCKET

+24 Days

$3,900,000

+$3.3M More

$860/SqFt

+$555 More

KEY TAKEAWAY

This property is $3.3M more than the Median Sold Price and $555/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: #A4598122

Listing Office:

  • Office Name: MICHAEL SAUNDERS & COMPANY
  • Office Phone: (941) 951-6660
  • Listing Agent: Bibi-Ann Allard, PA

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: 4/28/2024, 3:19:39 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

Aug 31, 1998Home Sold
$1,286,000

Tax History

YEARPROP. TAXASSESSMENT
2020$25,729$1,616,341
2019$25,083$1,580,001
2018$24,688$1,550,541
2017$24,414$1,518,649

History based on county public records data.

Payment Calculator

$19.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$11.7K

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-2347149
10
/10
  • Southside Elementary School

  • 1901 Webber St

  • 1.77 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2347150
2
/10
  • Booker Middle School

  • 2250 Myrtle St

  • 2.70 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-2347151
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. Most Sarasota, FL residents have annual incomes between $35k-100k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 340 S Palm Ave Unit 945

What is the listing price of this property?

The listing price of 340 S Palm Ave Unit 945 property is $3,900,000.

What type of property is this?

The property 340 S Palm Ave Unit 945 is a condo located in Sarasota, Florida, 34236.

Is this property for sale now?

Active Listing: 340 S Palm Ave Unit 945 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 945 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 $25,729 (source: MLS/based on county public records data).

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

The last sale was on August 31, 1998 for $1,286,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 340 S Palm Ave Unit 945 has 5 bedrooms and 5 full and 1 half bathrooms.

What is the square footage of this property?

The property 340 S Palm Ave Unit 945 is 4,534 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 340 S Palm Ave Unit 945 is 1998.
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Rocket Homes›Florida›Sarasota County›Sarasota›34236›340 S Palm Ave Unit 945

This home is located at 340 S Palm Ave Unit 945 in Sarasota, FL and zip code 34236 in the Downtown Sarasota neighborhood. This 4,534 square foot home was built in 1998. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since February 01, 2024 and is currently priced at $3,900,000.

In March 2024 more than 30 listings in Sarasota, FL were sold above the asking price. During the same period more than 87 listings were sold at asking price, while more than 414 were sold below. Between February 2024 and March 2024, Sarasota, FL real estate market has seen increase in the number of listings by 3.8%. While the average time on the market in March 2024 was 62 days, the median list price was $513,207.

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

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