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401 S PALM AVENUE UNIT 1003

Condo/Co-op Recently Sold
$3,200,000

BTC: 40.00000000

ETH: 1,306.65577787

Sold on: 2024-11-12
New
3 bds
3 ba
2,975 sqft

Overview

Nestled in an unparalleled location on Palm Avenue in Downtown Sarasota, this rarely available, spectacular 3 bedroom, 3.5 bath, 2975 sf residence offers sweeping views of Sarasota Bay in the coveted Savoy on Palm with only 24 exclusive units. This 10th floor condominium has undergone a remarkable renovation with every detail meticulously designed, crafted and executed. The luxurious tone begins with the custom 8' stainless steel and glass inlay doors in the private entry foyer, white marble floors, silver metallic cabinetry and trim, and chic dark green marble feature walls. The living room with beautiful electric fireplace and adjacent large dining room feature designer lighting and boast glorious natural light and incredible water views through floor to ceiling impact sliding doors. Enjoy a beverage on the sprawling wrap around terrace or relax and watch the sunset as the balmy breezes envelop the space. The state-of-the-art kitchen features chic white metallic Poggenpohl cabinetry, white Seaglass countertops/island, hand-crafted and stylish La Cornue gas range, Subzero refrigerator, Wolf stainless hood, Bosch dishwasher, under counter beverage refrigerator, custom glass front built-ins with 8' lighted glass-inlay doors clad in stainless steel, and classic white subway tile backsplash in a herringbone pattern. A well-appointed and renovated powder room is located just off the entertaining spaces. The primary bedroom and luxe bathroom, a restful retreat with fantastic Bay views and private terrace access, has been completely renovated. Marble, glass, tile and timeless stainless fixtures elicit a refined yet peaceful feel. Notable features include glass and tile surround shower with rain head, free standing soaking tub, marble countertops with dual sinks, and 2 walk-in closets. The guest bedrooms, one with Murphy bed and wood built-ins, have renovated en-suite baths with fully updated amenities including Taj Mahal Quartzite and sea glass counters, high seat Kohler commodes, glass sink, shower niches, and Riobel shower handles. Custom closets offer plenty of storage space. The laundry room has been revamped with Maytag commercial washer/dryer, utility sink, cabinets, and granite countertop/backsplash. The furnishings and appointments include museum-quality, antique and mid-century pieces. Further enhancing the stylish decor are 7 stainless and glass inlay soft-close pocket doors, new Restoration Hardware Ralph Lauren Collection lighting, 9-foot ceilings and 8' doors exclusive to the 10th floor and penthouse levels, and electric window treatments. The residence is equipped with 2 AC zones with UV lights, ensuring comfort and efficiency. The private 2-car oversized garage with custom storage and epoxy floor is a rare amenity in this Downtown setting. The Savoy on Palm offers a private boutique setting for the ultimate in stylish city living. Residents enjoy concierge service, on-site manager, a tropical poolside oasis with 60' pool/spa, fitness center with massage room, social room with catering kitchen, guest suite, air-conditioned storage, fenced dog walk, and rooftop sunset terrace. Sarasota is renowned as the cultural capital of Florida, with its pristine powder soft beaches, restaurants, shops, marinas, golf courses, and sporting events. This property epitomizes luxury living in Sarasota, offering both elegance and functionality in a coveted waterfront setting.

Location

Details

Type:
Residential
Parking:
Deeded / Ground Level / Guest / Under Building
Year Built:
2006
Lot:
No Data
Heating:
Central / Zoned
Price/sqft:
$1,101
Cooling:
Central Air / Zoned
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,395,000
$1.8M – $3.3M
Confidence Low
List vs. estimate
$880K above estimate
List $3,275,000 · +36.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,100
+184.2% vs. city median $387
Based on
37 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$25,671
2023
Pool
Heated
View
Water
Garage
2 car garage
Pets
Allowed
All facts and features
  • Flooring

    • Marble

    Heating

    • Central

    • Zoned

    Cooling

    • Central Air

    • Zoned

    Appliances

    • Built-In Oven

    • Cooktop

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Water Heater

    • Exhaust Fan

    • Microwave

    • Refrigerator

    • Washer

    • Wine Refrigerator

    Other interior features

    • Built-in Features

    • Eating Space In Kitchen

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Split Bedroom

    • Stone Counters

    • Walk-In Closet(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Bathrooms: 1

    • Full bathrooms: 3

  • Parking

    • Deeded

    • Ground Level

    • Guest

    • Under Building

    Property

    • Levels: One

    • Exterior Features: Balcony / Sliding Doors / Storage

    Other Property Information

    • Parcel Number: 2027115022

    • Zoning: DTE

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Cable Connected

    • Natural Gas Connected

    • Public

    • Street Lights

  • Other financial information

    • Annual tax amount: $25,671

  • Source details

    • MLS ID: A4616531

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Fireplace Features: Electric

    • Laundry Features: Laundry Room

    • Lot Features: FloodZone / City Lot / Near Marina / Sidewalk

    • Pool Features: Heated / Lap

    • Window Features: Impact Glass/Storm Windows / Window Treatments

    • Direction Faces: West

    • Architectural Style: Contemporary

    • Fireplace: Yes

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 2975

    • Water Source: Public

    • Subdivision Name: THE SAVOY ON PALM

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: MICHAEL SAUNDERS & COMPANY