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$2,495,000
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Property Description
Spectacular Bay, Downtown, John Ringling Bridge views and glorious sunsets are yours in this sophisticated 3 bedroom, 3.5 bath Downtown Sarasota residence in the exclusive Tessera condominium, providing a distinguished lifestyle and easy access to all that Sarasota has to offer. Exceeding the highest standards of design, form and function, numerous updates and features offer convenience and refined style and this exceptional home blends the privacy and scale of a single-family residence with the ease and amenities of luxury condominium living. Enter the home through the beautifully appointed double-door foyer, framed by a circular tray ceiling, bespoke chandelier, and gallery-style walls ideal for art and sculpture. The walls of glass bestow best-in-class panoramic views while thoughtful finishes; warm luxury vinyl plank flooring, chic Mica wallpaper, designer lighting, and a fresh coastal palette set a tone of understated sophistication. Walk into the expansive main living area, where floor-to-ceiling sliders optimize Bay views and effortlessly connect to a flexible sitting area-perfect for relaxing, watching the game, or opening to the main space for larger gatherings. The elegant dining area offers stunning Bay vistas that elevate every meal. The kitchen is both functional and inviting, showcasing stone countertops, a double-door refrigerator, dual wall ovens, a large pantry, abundant cabinetry, and a convenient pass through to the dining area. Enter the sprawling primary suite, a private retreat enhanced by its own terrace and a reimagined layout providing his-and-hers bathrooms, dual vanities, two generous walk-in closets, soaking bathtub and a shared marble-and-glass surround shower. Floor-to-ceiling windows frame treetop and Bay views, creating a serene environment from sunrise to sunset. The additional bedrooms offer comfort and privacy, including a guest suite with ensuite bathroom and terrace access, and a second guest bedroom currently serving as a sophisticated office with custom wood built-ins and tailored desk. The convenient guest bath features custom wallpaper and the large laundry room features a brand-new full-size washer and dryer. Solid-core paneled doors, on trend gold hardware, new lighting from Franklin Lighting, and ample storage throughout enhance the home's effortless livability. Step onto the two sprawling wrap-around terraces-quiet, private, and designed for year-round enjoyment-ideal for dining, lounging, or entertaining among mature live oak canopies or taking in sweeping Bay views and world class sunsets. A rare, oversized private two-car garage with built-in shelving and electrical outlet, an on-floor storage room, and all building water detection system further elevate convenience. Tessera offers exceptional privacy with only two residences per floor and no shared common walls. Amenities include a heated 60-foot pool with sun deck, whirlpool spa, and state-of-the-art fitness center -all fully updated in 2024, along with the lobby and community spaces redesigned by JKL Design. The pet friendly building also offers a grilling area and bicycle storage. Located in the heart of Sarasota's downtown, just steps from Main Street, Burns Court, the Bayfront, and Selby Gardens, Tessera offers an unparalleled blend of luxury and convenience.
Full Property Details
Full Property Details for 500 S Palm Ave #31
General
- Price: $2,495,000
- HOA FEE: $2,883/month
- HOA FEE FREQ.: Quarterly
- Taxes: $20,105 (2025)
- Status: Active
- Type: Condo
- Source: MidFloridaRegionalMLS
- MLS ID: A4671352
- Updated: 2/18/2026
- Added to Site: 103 day(s) ago
Rental Information
- Min. Lease: 1-2 Years
Interior
- Number of Rooms: 11
- Interior Features: Built-in Features, Ceiling Fan(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
- Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer, Water Filtration System
- Furnishings: Unfurnished
- Flooring: Luxury Vinyl, Marble
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Laundry Room
Additional Information
- Shared Amenities: Elevator(s), Lobby Key Required, Storage
- Security/Safety: Fire Sprinkler System, Key Card Entry, Smoke Detector(s)
Exterior
- Exterior Features: Balcony, Lighting, Sliding Doors, Storage
- Deck/Patio: Covered, Wrap Around
- Porch/Patio/Deck: Covered, Wrap Around
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Deeded, Garage Door Opener, Guest, Under Building
Location
- Area: 34236 - Sarasota
- County: Sarasota
- Development Name: 34236 - Sarasota
- Subdivision: TESSERA
- Driving Directions: Located on Palm Avenue, two blocks south of Main Street, between Ringling and Mound, on the west side of the street. There is parking in front of the building, in the courtyard, and also on the street.
- 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, Fitness Center, Pool
- Optional Amenities: Elevator(s), Lobby Key Required, Storage
- Assoc. Name: Honna Nisbet
- Assoc. Fees Include: Cable TV, Community Pool, Escrow Reserves Fund, 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, Zoned
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: BB/HS Internet Available, Cable Connected, Public, Sewer Connected, Street Lights, Water Connected
Structural Information
- Architectural Info: Contemporary
- Architectural Style: Contemporary
- Exterior Const.: Block, Stucco
- Roof: Membrane
- Common Walls: End Unit
- Windows: Blinds
- Stories/Levels: One
- Square Feet: 2,830
- Sq. Ft. Source: Public Records
- Year Built: 2000
Lot Features
- Property View: City, Water
- Street/Road Desc.: Paved
Water Features
- Water View: Yes
Financial Considerations
- Condo Fee: $8,650
- Condo Fee Freq: Quarterly
- Tax Amount: $20,105
- Tax Year: 2025
Disclosures and Reports
- Ownership: Condominium
- Special Conditions: None
- Legal Description: UNIT 31 TESSERA
- Flood Zone Info: AE
- APN: 2027145005
- Property ID: 2027145005
Listed by Michael Saunders & Company
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Schools
Schools serving 500 S Palm Ave #31
School District:Sarasota County School District
| Name | Grades | Distance |
|---|---|---|
Southside Elementary School, Sarasota, FL 1901 Webber Street, Sarasota, FL 34239 | PK-5 | 1.6 mi |
Booker Middle School 2250 Myrtle Street, Sarasota, FL 34234 | 6-8 | 2.7 mi |
Sarasota High School 2155 Bahia Vista Street, Sarasota, FL 34239 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 500 S Palm Ave #31
Date
Details
Price
Change
Source
2/18/2026
Price Reduced
$2,495,000
-7.42%
MLS
1/14/2026
Price Reduced
$2,695,000
-5.44%
MLS
11/21/2025
Listed
$2,850,000
111.11%
MLS
5/22/2014
Sold
$1,350,000
—
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 500 S Palm Ave #31
Year
Property Taxes
Change
Tax Assessment
Change
2025
$20,276
2%
$1,402,597
3%
2024
$19,943
3%
$1,363,068
3%
2023
$19,418
2%
$1,323,367
6%
2021
$19,130
1%
$1,247,400
-3%
2022
$18,940
-1%
$1,284,822
2%
2021
$19,130
-7%
$1,255,600
-4%
2019
$20,477
10%
$1,303,600
14%
2018
$18,614
-8%
$1,143,800
-7%
2017
$20,178
-2%
$1,229,900
—
2016
$20,663
4%
$1,230,500
7%
2015
$19,851
16%
$1,154,700
17%
2014
$17,102
18%
$983,100
15%
2013
$14,508
—
$856,654
—
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 500 S Palm Ave #31
500 S Palm Avenue #31, Sarasota, FL 34236 (MLS# A4671352) is a Condo property with 3 bedrooms, 3 full bathrooms and 1 partial bathroom. 500 S Palm Avenue #31 is currently listed for $2,495,000 and was received on November 21, 2025. Want to learn more about 500 S Palm Avenue #31? 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.

