500 S Palm AVENUE, #81, Sarasota, FL, 34236 | $3,195,000

Under contract-accepting backup offers. PANORAMIC WATER VIEW OF SARASOTA BAY AND NEWLY RENOVATED! Welcome to Tessera, located on the historic and iconic Palm Avenue in Downtown Sarasota. One of the rare opportunities to experience sky living with a highly sought after full water view of Sarasota Bay, the yachts at Marina Jacks, the John Ringling Causeway Bridge that leads to the barrier islands of St. Armand’s, Lido Key, Longboat Key and breathtaking sunsets daily. This residence has a highly sought after view with a location that is has an eclectic mix of art galleries, one of a kind finds and the vibrance of living in a quaint neighborhood with easy access to anywhere in the downtown area, making this the epitome of luxury living in Sarasota. This 3 bedroom, 2. 5 bath plus den and a two-car garage is offered at $3, 395, 000. This newly renovated condo with semi-private access to its location on level 8 has been perfectly and professional designed all throughout. The grand double doors with detailed panels open to a spacious foyer that immediately showcases a water view. The primary bedroom is privately located and separate from the guest en-suite bedroom. It includes features such as a spacious en-suite sanctuary off the primary bedroom. Offering a vanity area that includes beautiful crystal lighting, a quartz countertop, brushed nickel hardware and a beveled mirror. There are two walk-in closets with built-in shelving, an Ove soaking tub with handheld sprayer, a rain shower head with multiple functions, that also include a massage feature. This en-suite bathroom offers natural light which is not always found in many other condos. The primary bedroom has built-in reading lights, room for a reading chair and access to the terrace to enjoy the sunrise with your favorite cup of coffee. The luxury vinyl light oak flooring throughout creates consistency and flow to the residence. The second bedroom has an en-suite bathroom with accent walls that includes wallpaper that elegantly ties in the finishing color palette. The vanity with granite counter top has plenty of storage, double sconce lighting and overhead recessed lighting. The shower has beautiful floor to ceiling porcelain tile, an ANZZI shower head, sprayer and advanced settings. Access to the outdoors is also available with a private terrace that includes a water view. There is a powder room conveniently located for guests. The vanity has a quartz countertop, VIGO faucet, sconce l lights on the side of the mirror plus an overhead chandelier. A third guest bedroom with double doors could be utilized in a variety of ways. There is also a room that is perfect for a den or library. The living room has a panoramic view of Sarasota Bay. It is the perfect place for entertaining friends and family. The kitchen is designed with the most functionality possible. Since it is semi-open to the great room, it also provides an inviting way to keep prepared meals behind the scenes when entertaining. There is counter seating for two at the island, a dry bar area for pouring and serving your favorite house wine from the Sub-Zero wine tower and a walk-in pantry for storing non-perishable items. The GE oven has multiple functions such as convention and air frying. There is also a stainless-steel Wolf Range that provides optimal ventilation when preparing meals. There is also the added benefit of accessing the terrace from the kitchen as well. MAKE YOUR NEXT MOVE EXCEPTIONAL! Schedule your private showing with Lisa Otte soon.

Features

  • Elevator: Y
  • Heating: Electric
  • Cooling: Central Air
  • Levels: 14
  • Rooms: 12
  • Bedrooms: 3
  • Baths: 2 full / 1 half
  • Laundry: Laundry Room
  • Complex: TESSERA
  • Year Built: 2000
  • Approx Sq. Feet: 2,830
  • Est. Taxes: $34,526
  • Condo Fee: $8,000 Quarterly
  • View: Water
  • Pool: Heated, In Ground
  • Pet Policy: Breed Restrictions, Number Limit, Size Limit
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • MLS#: A4623689
  • Days on Market: 61 days
  • Website: https://www.raveis.com
    /prop/A4623689/500spalmavenue_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 11/21/2024 8:47:08 PM)
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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500 S Palm AVENUE, #81, Sarasota, FL, 34236

$3,195,000

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 $2,556,000 $2,556,000 $2,556,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.750% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.864% 6.810%
Monthly Tax Payment $2,877 $2,877 $2,877
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $16,366 $16,578 $22,442
Total Monthly Payment $19,368 $19,580 $25,444

* 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.