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$5,675,000
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Property Description
Welcome to the premier offering at the Savoy-an extraordinary, one-of-a-kind penthouse with sweeping Sarasota Bay views, set along coveted, tree-lined South Palm Avenue and rising 11 stories above downtown, where elevated design meets refined living. Fully renovated and expertly designed by the current owner, this remarkable 4,385 sf home offers 4 private terraces and an unmatched indoor-outdoor living experience, all enhanced by seamless smart home integration. From the moment you arrive at your private elevator foyer, you are welcomed by custom glass double doors with genuine leather handles, set against a striking backdrop for the owner's curated Chihuly glass collection. At the heart of the residence, the chef's kitchen is both striking and functional, appointed with Poggenpohl push-and-pull cabinetry, Wolf double ovens, Subzero refrigerator, Miele induction cooktop with gas burner, Miele hood, an impressive 5-inch granite island with breakfast bar, a matching granite dining table, and beautiful bar with Subzero wine refrigerator. Imported Italian porcelain tile flows throughout, creating a cohesive and sophisticated backdrop for everyday living and entertaining. Rich suede finishes, bespoke lighting throughout, custom wall coverings, and expansive walls of glass define the interiors, bathing the home in natural light while framing breathtaking panoramic Bay and City views from every angle. Designed for effortless entertaining, the top-level expansive newly tiled terrace is the perfect spot for cooking on your gas grill and enjoying all fresco dining and the sweeping skyline vistas. The serene and spacious primary suite features a spa-like bath with his and her vanities with integrated smart mirror TV displays, custom mosaic tile, tile and glass shower, and free-form 2 person Jacuzzi tub with air jets where you can relax and take in the incredible view. Guests enjoy a private and sumptuous guest suite with en-suite bath which easily functions as a second primary suite. The 3rd bedroom is currently used as an office with high-end custom built-ins perfect for productivity. The spacious living and family rooms both feature media centers with rich piano-gloss wood paneling. The smart-home residence features modern conveniences which elevate daily living such as custom walk-in closets with sensor-activated lighting, integrated motorized window treatments, automatic lighting and whole home Sonos audio, and is equipped with three A/C units, new digital Essency water heater, and Aquasana whole house water filtration system, ensuring comfort and peace of mind. Rare private 3 car garage with EV charger with 1 section that has been enclosed and air conditioned. Residents of the 24-unit Savoy enjoy an array of upscale amenities, including heated lap pool and spa, concierge and full time on-site manager, guest suite, towel service, locker rooms with sauna, a dog run, grilling area and catering kitchen, building water softener, secure parking, and elegant gathering spaces designed for hosting and connection. Located just steps from Sarasota's Main Street, Burns Court, the Bayfront, and Selby Gardens, this exceptional penthouse offering simply cannot be replicated.
Full Property Details
Full Property Details for 401 S Palm Ave #1102
General
- Price: $5,675,000
- HOA FEE: $4,869/month
- HOA FEE FREQ.: Quarterly
- Taxes: $44,993 (2025)
- Status: Active
- Type: Condo
- Source: MidFloridaRegionalMLS
- MLS ID: A4689269
- Updated: 5/13/2026
- Added to Site: 13 day(s) ago
Rental Information
- Min. Lease: 1-2 Years
Interior
- Number of Rooms: 8
- Interior Features: Built-in Features, Dry Bar, Eating Space In Kitchen, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s)
- Appliances: Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Water Filtration System
- Furnishings: Unfurnished
- Flooring: Carpet, Porcelain Tile
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Laundry Room
Additional Information
- Shared Amenities: Cable TV, Elevator(s), Fitness Center, Lobby Key Required, Pool, Sauna, Security, Spa/Hot Tub, Storage
- Pool Description: Heated, Lap
- Spa: Yes
- Spa Description: Heated
- Security/Safety: Fire Alarm, Fire Sprinkler System, Gated Community, Key Card Entry, Smoke Detector(s)
Exterior
- Exterior Features: Balcony, Sliding Doors, Storage
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 3
- Covered Spaces: 3
- Parking Features: Circular Driveway, Deeded, Electric Vehicle Charging Station(s), Guest, On Street, Under Building
Location
- Area: 34236 - Sarasota
- County: Sarasota
- Development Name: 34236 - Sarasota
- Subdivision: THE SAVOY ON PALM
- Driving Directions: South on Ringling on Palm Avenue.
- Direction Faces: West
School Information
- Elementary School: Southside Elementary
- Middle School: Booker Middle
- High School: Sarasota High
Community
- Community Name: 34236 - Sarasota
- Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Fitness Center, Pool
- Optional Amenities: Cable TV, Elevator(s), Fitness Center, Lobby Key Required, Pool, Sauna, Security, Spa/Hot Tub, Storage
- Assoc. Name: Bill Veal
- Assoc. Fees Include: Cable TV, Community Pool, Escrow Reserves Fund, Gas, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Security, Sewer, Trash, Water
- Number of Pets: 2
- Pet Restrictions: 50lbs.
Heating & Cooling
- Cooling Type: Central Air, Zoned
- Heating Type: Central, Electric, Zoned
Utilities
- Sewer: Public Sewer
- Water District: SARASOTA BAY
- Water: Public
- Utility Description: BB/HS Internet Available, Cable Connected, Natural Gas Available, Public, Street Lights
Structural Information
- Architectural Info: Contemporary
- Architectural Style: Contemporary
- Exterior Const.: Block, Stucco
- Roof: Membrane
- Common Walls: Corner Unit
- Windows: Storm Window(s), Window Treatments
- Stories/Levels: One
- Square Feet: 4,385
- Sq. Ft. Source: Public Records
- Year Built: 2006
Lot Features
- Property View: Water
- Street/Road Desc.: Paved
Water Features
- Water View: Yes
- Water Front Name: SARASOTA BAY
Financial Considerations
- Condo Fee: $14,607
- Condo Fee Freq: Quarterly
- Tax Amount: $44,993
- Tax Year: 2025
Disclosures and Reports
- Ownership: Condominium
- Special Conditions: None
- Legal Description: UNIT 1102, SAVOY ON PALM THE
- Flood Zone Info: AE, X
- APN: 2027115024
- Property ID: 2027115024
Listed by Michael Saunders & Company
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Schools
Schools serving 401 S Palm Ave #1102
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 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 401 S Palm Ave #1102
Date
Details
Price
Change
Source
5/01/2026
Listed
$5,675,000
163.95%
MLS
3/26/2012
Sold
$2,150,000
—
Public Record
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 401 S Palm Ave #1102
Year
Property Taxes
Change
Tax Assessment
Change
2025
$43,993
3%
$2,996,335
3%
2024
$42,892
3%
$2,911,890
3%
2023
$41,817
1%
$2,827,078
6%
2021
$41,313
1%
$2,664,792
-3%
2022
$40,862
-1%
$2,744,736
4%
2021
$41,313
-1%
$2,628,000
—
2019
$41,655
2%
$2,623,790
2%
2018
$41,003
1%
$2,574,868
2%
2017
$40,549
—
$2,521,908
2%
2016
$40,522
-2%
$2,470,037
1%
2015
$41,143
—
$2,452,867
1%
2014
$41,121
8%
$2,433,400
10%
2013
$38,037
—
$2,220,829
—
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 401 S Palm Ave #1102
401 S Palm Avenue #1102, Sarasota, FL 34236 (MLS# A4689269) is a Condo property with 3 bedrooms, 3 full bathrooms and 1 partial bathroom. 401 S Palm Avenue #1102 is currently listed for $5,675,000 and was received on May 01, 2026. Want to learn more about 401 S Palm Avenue #1102? 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.

