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500 S PALM AVENUE UNIT 32

Condo/Co-op For Sale
$2,895,000

BTC: 34.62090409

ETH: 1,190.37828947

New
3 bds
4 ba
3,315 sqft

Overview

Virtually Staged. Water views take center stage in this rarely available residence at Tessera, ideally positioned on Renowned Palm Avenue in the heart of downtown Sarasota. Offering 3,315 square feet of refined living space, this exceptional condominium combines Sarasota Bay views, remarkable privacy, and an enviable downtown location. Tessera is prized for its quiet, serene setting while remaining effortlessly connected to the energy of downtown. With just 24 private residences and only two residences on this floor, the building offers an elevated sense of privacy with no shared common walls. The thoughtfully designed split-bedroom floor plan features a private office near the gallery entry, two en-suite guest bedrooms on one wing, and an expansive primary retreat on the opposite side. The spacious primary suite showcases water views and direct access to the terrace with an oversized walk-in closet, and a additional walk-in closet within one of the 2 primary baths. The Great Room is wrapped in floor-to-ceiling glass, capturing Sarasota's ever-changing coastal beauty and creating an effortless connection to the spectacular bay view wraparound terrace. Extending from the Great Room to the kitchen, the terrace provides an exceptional setting for morning coffee, sunset entertaining. The interior includes immaculately refinished kitchen cabinetry, quartz countertops open-concept kitchen with kitchen dining nook, new backsplash and modern hardware. The office/ den with custom high-end cabinetry provides an ideal space for work or relaxation. A private entrance to one of the en-suite bedrooms offers flexibility for guests, or live-in assistance. Additional conveniences include a private on-floor storage room and building-wide water detection system. Tessera's fully updated 2024 amenities include a heated 60-foot pool with sun deck, whirlpool spa, and state-of-the-art fitness center. The lobby and community spaces have also been beautifully redesigned by JKL Design. A pet-friendly building, Tessera additionally offers a grilling area and bicycle storage. Step outside and experience the best of downtown Sarasota. Located just steps from Main Street, Burns Court, the Bayfront, and Marie Selby Botanical Gardens, Tessera places shopping, galleries, dining, arts and culture, and waterfront recreation at your doorstep. Enjoy an easy walk or bike ride across the Ringling Bridge, or convenient access to St. Armands Circle and Lido Beach. A rare opportunity to experience expansive water views, exceptional privacy, polished interiors, and effortless downtown Sarasota living from one of Palm Avenue's most desirable addresses.

Location

Details

Type:
Residential
Parking:
Alley Access / Assigned / Covered / Driveway / Garage Door Opener / Guest / Oversized / Reserved / Under Building
Year Built:
2000
Lot:
No Data
Heating:
Central
Price/sqft:
$873
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$3,300,000
$2.9M – $3.9M
Confidence Low
List vs. estimate
$405K below estimate
List $2,895,000 · -12.3%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$873
+119.1% vs. city median $398
Based on
12 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$33,972
2025
Pool
Heated
View
City, Trees/Woods
Pets
Number Limit
All facts and features
  • Flooring

    • Marble

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Built-In Oven

    • Dishwasher

    • Disposal

    • Dryer

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Eating Space In Kitchen

    • Elevator

    • High Ceilings

    • Kitchen/Family Room Combo

    • L Dining

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Solid Surface Counters

    • Split Bedroom

    • Thermostat

    • Walk-In Closet(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Bathrooms: 1

    • Full bathrooms: 4

  • Parking

    • Alley Access

    • Assigned

    • Covered

    • Driveway

    • Garage Door Opener

    • Guest

    • Oversized

    • Reserved

    • Under Building

    Property

    • Levels: One

    • Exterior Features: Balcony / Outdoor Grill / Sidewalk / Sliding Doors / Storage

    Other Property Information

    • Parcel Number: 2027145006

    • Zoning: DTB

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Cable Connected

    • Electricity Available

    • Street Lights

  • Other financial information

    • HOA Frequency: Quarterly

    • Annual tax amount: $33,972

  • Source details

    • MLS ID: A4710137

    Other facts

    • Construction Materials: Concrete

    • Foundation Details: Slab

    • Laundry Features: Laundry Room

    • Lot Features: Near Marina / Near Public Transit / Sidewalk

    • Patio And Porch Features: Covered / Patio / Wrap Around

    • Pool Features: Heated / Lap

    • Window Features: Blinds / Insulated Windows

    • Direction Faces: East

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 3315

    • Water Source: Public

    • Subdivision Name: TESSERA

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: COLDWELL BANKER REALTY