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$1,150,000
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Property Description
Virtually Staged. Discover an extraordinary luxury condominium offering one of downtown Sarasota's most distinguished living experiences. Perfectly positioned on prestigious Palm Avenue, this exceptional residence blends timeless elegance, sophisticated design, and breathtaking panoramic views of Sarasota Bay and the city skyline. Just moments from world-class dining, boutique shopping, theaters, art galleries, the marina, and Sarasota's vibrant waterfront, this remarkable home offers an unparalleled blend of luxury and comfort. A dramatic rotunda foyer with designer lighting creates an unforgettable first impression, welcoming you into expansive living and entertaining spaces where soaring ceilings and floor-to-ceiling windows and sliding glass doors flood the residence with natural light while showcasing spectacular bay and city views. Designed for effortless entertaining, the spacious great room features a custom continental bar with seating for six, creating the perfect gathering space for family and friends. Just beyond the living area, sliding glass doors open to the home's most extraordinary feature-an approximately 2,200-square-foot wraparound terrace, one of the largest private outdoor living spaces in downtown Sarasota. This exceptional terrace seamlessly extends the interior living space outdoors, providing the ultimate setting for entertaining, relaxing, dining al fresco, or simply taking in breathtaking sunsets and panoramic views of Sarasota Bay and the city skyline. The chef-inspired kitchen is thoughtfully designed for both everyday living and entertaining, offering generous counter space, a breakfast bar, and an adjoining butler's pantry with a spacious laundry area, combining elegance with exceptional functionality. The luxurious primary suite is a true private retreat, featuring a cozy electric fireplace and a thoughtfully designed spa-inspired bath. Separate his-and-her sides each offer a private vanity area and dedicated closet, with one side featuring an oversized walk-in closet. At the center, an impressive walk-through shower beautifully connects both spaces, creating a seamless, resort-style experience that perfectly balances luxury, privacy, and everyday comfort. The guest suite offers exceptional flexibility and can easily serve as a private bedroom, elegant home office, or den. Complete with its own walk-in closet and private ensuite bathroom featuring a soaking tub, it provides comfort and privacy for family members or overnight guests. A beautifully appointed powder room is conveniently located off the main hallway, offering guests easy access while preserving the privacy of the bedroom suites. Every detail throughout the residence reflects timeless sophistication, from the stunning gold-leaf glass tile ceiling in the powder room to the beautifully appointed bathrooms and refined designer finishes that elevate every space. Residents enjoy an outstanding collection of resort-style amenities, including a state-of-the-art fitness and spa center, 24-hour concierge service, professional on-site management, and the convenience of secure, maintenance-free luxury living.Perfectly located on prestigious Palm Avenue, you'll find yourself just steps from Sarasota's finest restaurants, boutique shopping, theaters, art galleries, Bayfront Park, the marina, and the city's celebrated cultural attractions.This is more than a luxury condominium-it's an extraordinary opportunity to own one of downtown Sarasota's most impressive residences
Full Property Details
Full Property Details for 340 S Palm Ave #PL1
General
- Price: $1,150,000
- HOA FEE: $2,437/month
- HOA FEE FREQ.: Quarterly
- Taxes: $16,362 (2026)
- Status: Active
- Type: Condo
- Source: MidFloridaRegionalMLS
- MLS ID: A4702190
- Updated: 8/5/2026
- Added to Site: 21 day(s) ago
Rental Information
- Min. Lease: 3 Months
Interior
- Number of Rooms: 9
- Interior Features: High Ceilings, Open Floorplan, Solid Surface Counters, Walk-In Closet(s), Window Treatments
- Fireplace: Yes
- Fireplace(s): Electric, Master Bedroom
- Appliances: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
- Furnishings: Unfurnished
- Flooring: Porcelain Tile
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: Inside, Laundry Room
Additional Information
- Shared Amenities: Fitness Center, Lobby Key Required, Security
- Pool Description: Heated, In Ground, Lap
- Spa: Yes
- Spa Description: In Ground
- Security/Safety: Closed Circuit Camera(s), Fire Sprinkler System
Exterior
- Exterior Features: Balcony, Lighting, Outdoor Grill, Sidewalk, Storage
- Deck/Patio: Wrap Around
- Porch/Patio/Deck: Wrap Around
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
- Parking Features: Assigned, Covered, Deeded, Garage Door Opener, Ground Level, Guest
Location
- Area: 34236 - Sarasota
- County: Sarasota
- Development Name: 34236 - Sarasota
- Subdivision: SARABANDE
- Driving Directions: US41/Mound Ave or Ringling Blvd to Palm Avenue. Palm Ave to Sarabande. Guest parking on site.
- Direction Faces: East
School Information
- Elementary School: Southside Elementary
- Middle School: Booker Middle
- High School: Sarasota High
Community
- Community Name: 34236 - Sarasota
- Community Features: Community Mailbox, Deed Restrictions, Fitness Center, Pool
- Optional Amenities: Fitness Center, Lobby Key Required, Security
- Assoc. Name: Kyanne Merrill
- Assoc. Fees Include: 24-Hour Guard, Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pool Maintenance, Recreational Facilities, Security, Sewer, Trash, Water
- Number of Pets: 2
- Pet Restrictions: Owner's Pets only. See Association Docs for Rules, Regulations, Restrictions
- Management Type: On Site Property Manager
- Mgmt. Company: On Site Property Manager
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Exterior Const.: Concrete
- Roof: Metal
- Common Walls: Corner Unit, End Unit
- Windows: Storm Window(s), Tinted Windows, Window Treatments
- Stories/Levels: One
- Square Feet: 2,313
- Sq. Ft. Source: Public Records
- Year Built: 1998
Lot Features
- Property View: City, Pool, Water
- Frontage: Street Paved
- Street/Road Desc.: Paved
Water Features
- Water View: Yes
Financial Considerations
- Condo Fee: $7,310
- Condo Fee Freq: Quarterly
- Tax Amount: $16,362.17
- Tax Year: 2026
Disclosures and Reports
- Ownership: Condominium
- Special Conditions: None
- Legal Description: UNIT PL-1 SARABANDE
- Flood Zone Info: AE
- APN: 2027114057
- Property ID: 2027114057
Listed by Call It Closed Intl Realty
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Schools
Schools serving 340 S Palm Ave #PL1
School District:Sarasota County School District
| Name | Grades | Distance |
|---|---|---|
Southside Elementary School, Sarasota, FL 1901 Webber Street, Sarasota, FL 34239 | PK-5 | 1.7 mi |
Booker Middle School 2250 Myrtle Street, Sarasota, FL 34234 | 6-8 | 2.6 mi |
Sarasota High School 2155 Bahia Vista Street, Sarasota, FL 34239 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 340 S Palm Ave #PL1
Date
Details
Price
Change
Source
8/05/2026
Listed
$1,150,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 340 S Palm Ave #PL1
Year
Property Taxes
Change
Tax Assessment
Change
2025
$17,044
-12%
$1,107,800
-15%
2024
$19,447
3%
$1,296,200
3%
2023
$18,913
58%
$1,255,300
67%
2021
$11,970
-32%
$750,600
-35%
2022
$17,610
47%
$1,160,500
98%
2021
$11,970
36%
$587,111
2%
2019
$8,810
2%
$573,911
2%
2018
$8,664
1%
$563,210
2%
2017
$8,563
-3%
$551,626
2%
2016
$8,831
-1%
$540,280
1%
2015
$8,959
—
$536,524
1%
2014
$8,949
—
$532,266
2%
2013
$8,930
—
$524,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 340 S Palm Ave #PL1
340 S Palm Avenue #PL1, Sarasota, FL 34236 (MLS# A4702190) is a Condo property with 2 bedrooms, 3 full bathrooms and 1 partial bathroom. 340 S Palm Avenue #PL1 is currently listed for $1,150,000 and was received on August 05, 2026. Want to learn more about 340 S Palm Avenue #PL1? Do you have questions about finding other Condo real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.

