340 S Palm AVENUE, #121, Sarasota, FL, 34236 | $1,599,000

One or more photo(s) has been virtually staged. Fantastic Bay views and incredible sunsets from this 12th floor unit in Sarabande! Luxurious building located directly across from the bayfront and the marina in the heart of downtown Sarasota. You will enjoy this bright and open floor plan with floor to ceilings glass featuring a large terrace, which will be your special place to really capture the spectacular water views and the glittering lights at night. This unit has beautiful travertine tile throughout, 2 en-suite bedrooms, a private office with gorgeous built-ins, the kitchen has been updated with a new built-in oven and microwave, and a new induction cooktop. There is plenty of cabinet space, a pantry, and an eat-in area. A spacious laundry room with a sink and service door to the hallway is located off the kitchen as well. The main bedroom has direct access to the terrace, and 2 custom walk-in closets. Two (2) deeded parking spaces and extra storage are included. Sarabande offers the convenience of a 24-hour concierge service, two pools and a rejuvenating spa. There is also a fitness center, massage room, and steam rooms to cater to your well-being, along with the club room and catering kitchen, library, wine storage and two guest suites. Enjoy the cultural aspects of downtown Sarasota by walking to the vibrant theater district, or exploring the array of restaurants and nearby shops. Experience the essence of Sarasota's downtown lifestyle and make this exceptional residence your own.

Features

  • Elevator: Y
  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 1
  • Amenities: Clubhouse, Elevator(s), Fitness Center, Gated, Lobby Key Required, Pool, Security, Spa/Hot Tub, Storage, Wheelchair Access
  • Rooms: 8
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Laundry Room
  • Complex: SARABANDE
  • Year Built: 1998
  • Approx Sq. Feet: 1,836
  • Est. Taxes: $13,311
  • Condo Fee: $5,563 Quarterly
  • Pet Policy: Breed Restrictions
  • Appliances: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Exhaust Fan, Microwave, Refrigerator, Washer
  • MLS#: A4628152
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A4628152/340spalmavenue_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 11/23/2024 11:56:14 PM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-951-6660

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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340 S Palm AVENUE, #121, Sarasota, FL, 34236

$1,599,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,279,200 $1,279,200 $1,279,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.762% 6.036%
Monthly Tax Payment $1,109 $1,109 $1,109
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $8,191 $8,191 $11,231
Total Monthly Payment $9,425 $9,425 $12,465

* 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.