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711 S PALM AVENUE UNIT 501

Condo/Co-op Recently Sold
$2,025,000

BTC: 26.02326030

ETH: 843.75000000

Sold on: 2024-02-29
New
3 bds
3 ba
1,883 sqft

Overview

Newer construction without the wait in Downtown Sarasota at the ideally located 7 One One Palm. Nestled beside the bayfront in Downtown’s most desirable tree-lined neighborhood, this 3-bedroom, 3-bath corner penthouse boasts panoramic views of the Ringling Bridge and Sarasota Bay, with abundant natural light, 11-foot ceilings, premium-quality modern finishes, and luxury upgrades throughout. Beyond the semi-private elevator entry, chic interior features showcase contemporary luxury with clean angles, sleek surfaces, and a harmony of stone and wood tones that enhance the dramatic views, from the residence and the spacious west-facing terrace. The home’s open plan features a welcoming entry, spacious dining area, and easy flow to the great room and kitchen, which boasts Italian cabinetry, side-by-side refrigerator, double wall ovens, Bosch 5-burner gas range, Hansgrohe fixtures, and a large island with Caesarstone countertop. The spacious owners' suite is a bright and airy oasis, offering double walk-in closets with built-in wardrobes and a large ensuite with an oversized glass-enclosed shower, dual floating vanities, linen cabinet, and a separate water closet. One of the two guest suites is outfitted with a custom shelving system that contains a queen-sized Murphy bed; the second guest suite features a built-in California Closets office setup, creating the perfect transitional space for both a home office and occasional guests. A dedicated laundry room adds versatile function with built-in cabinetry, full-size stack washer/dryer, and a laundry sink. Additional upgrades in this residence include custom-painted 8-foot solid core doors, water filtration and automated shades with smart home integration. Two dedicated garage parking spaces, bicycle racks, and secure air-conditioned storage ensure even more convenience. With a boutique scale of only 16 exclusive residences and an intimate sense of community, 7 One One Palm is the ideal urban retreat in Downtown Sarasota. Resort-style amenities include part-time concierge, the private Palm Terrace with oversized pool, spa, cabanas and firepit; fitness facility, package room, and a convenient ‘paw park’ for resident pets. The picture-perfect address is at the heart of Sarasota’s cosmopolitan amenities, within steps of the farmers market, Whole Foods, shops, restaurants, and boutiques as well as renowned cultural enterprises; the serenity of the beaches and convenience of Sarasota Memorial Hospital, SRQ Airport, and much more are minutes away.

Location

Details

Type:
Residential
Parking:
Assigned / Garage Door Opener / Guest / Underground
Year Built:
2019
Lot:
0.64 Acres
Heating:
Central / Electric
Price/sqft:
$1,115
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,850,000
$1.3M – $2.1M
Confidence Low
List vs. estimate
$250K above estimate
List $2,100,000 · +13.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,115
+182.1% vs. city median $395
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$16,194
2023
Pool
Gunite
Garage
2 car garage
Pets
Allowed
All facts and features
  • Flooring

    • Porcelain Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Built-In Oven

    • Cooktop

    • Dishwasher

    • Disposal

    • Electric Water Heater

    • Exhaust Fan

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • Eating Space In Kitchen

    • High Ceilings

    • Kitchen/Family Room Combo

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Solid Surface Counters

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 3

  • Parking

    • Assigned

    • Garage Door Opener

    • Guest

    • Underground

    Property

    • Levels: One

    • Exterior Features: Balcony / Dog Run / Irrigation System / Lighting / Outdoor Grill / Sliding Doors / Storage

    Lot

    • Lot: 0.64 Acres

    Other Property Information

    • Parcel Number: 2036034013

    • Zoning: DTE

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • BB/HS Internet Available

    • Cable Connected

    • Electricity Connected

    • Sewer Connected

    • Street Lights

    • Water Connected

  • Other financial information

    • Annual tax amount: $16,194

  • Source details

    • MLS ID: A4596966

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Fireplace Features: Electric

    • Laundry Features: Laundry Room

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

    • Pool Features: Gunite / Heated / In Ground

    • Direction Faces: West

    • Fireplace: Yes

    • Water Body Name: SARASOTA BAY

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1883

    • Water Source: Public

    • Subdivision Name: 7 ONE ONE PALM

Private inquiry
Talk to the advisor on this listing.
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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: DOUGLAS ELLIMAN