340 S Palm AVENUE, #15, Sarasota, FL, 34236 | $1,650,000

An exceptional combination of space, location, and excellent value define this distinctive Sarabande residence. It’s rare to find a spacious 2, 700 square ft. , three-bedroom/3. 5 bath downtown condominium with two secure parking spaces and abundant storage where the interior space flows like a single-family home. Whether you’re a year-round resident or seasonal snowbird, you’ll appreciate the size and layout, as well as the convenience, service, and safety of a well-established, fully-funded community.

Step off the elevator into your semi-private foyer, then through the front door into a light-filled 21 x 21 ft. living area. Floor-to-ceiling windows frame the city, and a comfortable terrace invites you to enjoy morning coffee and fiery sunsets, or simply to relax and unwind. The adjacent dining area, featuring a custom-built buffet, easily accommodates ten guests, making it an ideal space for family gatherings or entertaining friends. Continue through to the kitchen with a center island and dining bar for those who want to visit with the chef. You’ll appreciate the ample cabinet space, cozy eat-in breakfast area, designated built-in workspace, and direct terrace access. There is no shortage of storage throughout this spacious home, with closets in the entry and guest area, a pantry, a cedar-lined closet, and generous built-in closets in each bedroom.

Through a set of double doors, the spacious owner’s retreat features a striking wall of windows and a modern en-suite bath with dual vanities, a large shower, a separate water closet, and two walk-in closets. Comfortably removed from the living and owner spaces, your guests will enjoy their quarters, complete with an en-suite bath and ample closet space, ensuring luxury and privacy. A third en-suite is yours to customize; whether you envision it as a third bedroom, media room, home office, or an art studio, the choice is yours. A separate powder bath is available to visitors.



Sarabande boasts meticulously maintained amenities: a large, heated pool, a second plunge pool and spa, and a grilling area. Stay fit in the well-equipped fitness center, which includes a massage room, sauna, and changing area. Additional perks include two guest suites, wine lockers, professional 24/7 staffing, a library, a boardroom, and a spacious community event area with an expansive terrace and full kitchen. Grandly situated across from Sarasota Bay & the marina, Sarabande is a refined, well-appointed community, a convenient urban retreat with the theaters, galleries, shops, spas, and restaurants of Palm Ave and Main St. just outside your door. For those who are ready to experience the ease and excitement of downtown Sarasota, Sarabande 15 is move-in ready and available for a quick close.

Features

  • Elevator: Y
  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 15
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: Laundry Room
  • Complex: SARABANDE
  • Year Built: 1998
  • Approx Sq. Feet: 2,761
  • Acreage: 1.29
  • Est. Taxes: $17,703
  • Condo Fee: $8,366 Quarterly
  • Lot Desc: FloodZone, City Lot, Sidewalk
  • View: City, Water
  • Elem. School: Southside Elementary
  • Middle School: Booker Middle
  • High School: Sarasota High
  • Pet Policy: Breed Restrictions, Cats OK, Dogs OK, Number Limit
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer
  • MLS#: A4596801
  • Days on Market: 210 days
  • Website: https://www.raveis.com
    /prop/A4596801/340spalmavenue_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 11/24/2024 12:10:30 AM)
Listing courtesy of DOUGLAS ELLIMAN   Phone: 941-867-6199

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

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340 S Palm AVENUE, #15, Sarasota, FL, 34236

$1,650,000

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 $1,320,000 $1,320,000 $1,320,000
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 $1,475 $1,475 $1,475
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $8,452 $8,452 $11,590
Total Monthly Payment $10,052 $10,052 $13,190

* 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.