770 S Palm AVENUE, #101, Sarasota, FL, 34236 | $639,000

An iconic modern building located in a premier location. This unit is on the amenity level with easy access in and out of the building. It’s steps away from the lobby, heated swimming pool and fitness room. It features an amazing wraparound terrace with more than 700 square feet of outdoor living space. The Southern corner of the building allows the entire unit to be flooded with sunlight and has Selby Gardens as your neighbor. The Western exposure offers sunsets, bay and pool views. A coveted great-room floor plan with updated kitchen and tile floors throughout. The kitchen has custom cabinets and granite counters. The 2 bedroom, 2 bath residence is unique to the building but also to the bayfront. The main living room, the owner’s suite as well as the guest suite all have access to terrace. Unit has its own washer and dryer. Embassy House is located in the residential area of the downtown condominiums offering easy access to the city and quiet walks away from the commercial development. Building’s lobby has undergone a renovation designed by Sweet Sparkman. The Lobby is a timeless, modern design with clean crisp lines and period furniture. The pool, fitness room, exterior painting and landscaping have also been recently redesigned. Association has added electric charging stations. The milestone report and Sirs have been completed. Building is financially healthy. Bayfront park is in front of the building with dining, festivals and fireworks. Sarasota’s cultural district is blocks away. Selby Botanical Gardens is across the street. Shopping and dining are minutes away. SRQ airport is a ten minute drive. The beaches and the mall are all in close proximity. This is truly a special urban location.

Features

  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 1
  • Amenities: Cable TV, Elevator(s), Fitness Center, Lobby Key Required, Maintenance, Pool, Security
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Inside, Laundry Closet
  • Complex: EMBASSY HOUSE
  • Year Built: 1975
  • Approx Sq. Feet: 1,272
  • Acreage: 1.44
  • Est. Taxes: $9,211
  • Condo Fee: $4,120 Quarterly
  • View: Park/Greenbelt, Pool, Trees/Woods, Water
  • Elem. School: Southside Elementary
  • Middle School: Booker Middle
  • High School: Sarasota High
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Refrigerator, Washer
  • MLS#: A4620895
  • Days on Market: 90 days
  • Website: https://www.raveis.com
    /prop/A4620895/770spalmavenue_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/24/2024 10:04:39 PM)
Listing courtesy of COLDWELL BANKER REALTY   Phone: 941-366-8070

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NMLS Mortgage Loan Originator ID 16953

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770 S Palm AVENUE, #101, Sarasota, FL, 34236

$639,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $511,200 $511,200 $511,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.498%
Monthly Tax Payment $768 $768 $768
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,401 $3,398 $4,383
Total Monthly Payment $4,261 $4,258 $5,243

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.