401 S Palm AVENUE, #501, Sarasota, FL, 34236 | $2,950,000

Enjoy gorgeous views of Sarasota Bay from this three-exposure end unit at the coveted Savoy on Palm, an intimate building with only twenty-four units. The historic downtown skyline is framed by old growth oaks through the many floor-to-ceiling windows. Relax with views of Laurel Park’s greenery from your balcony. Stroll South Palm Avenue’s tranquil tree-lined neighborhood on your way to restaurants, theatre, opera, shopping, and cinema. In less than two short blocks, you’ll watch the sunset, drink in hand, at the Bay Front Park and marina.

Tall windows provide abundant light in 3, 172 sq ft of understated elegance. Pass through sophisticated glass doors onto modern porcelain floors with granite and marble-topped cabinetry in kitchen and baths. Top-of-the-line appliances include Sub-Zero, Wolf, and Cove plus an on-trend steam/convection oven. Close the door on your private two-car garage steps from your personal storage room.

A pet-friendly building with a fully fenced side yard, the Savoy’s owner amenities include concierge service, building manager, two-room guest suite, community social room with a catering kitchen, and a library for more intimate gatherings. Invite your personal trainer to the comprehensive fitness room then unwind from your workout in the private massage room. The exceptional outdoor living space includes a heated spa and pool with luxury seating, twin Wolf gas grills, outdoor kitchen, dining tables, and bar ready for you to enjoy social events with your friends, family, and fellow owners.

Features

  • Elevator: Y
  • Heating: Central, Electric, Zoned
  • Cooling: Central Air, Zoned
  • Levels: 11
  • Rooms: 5
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: Inside
  • Complex: THE SAVOY ON PALM
  • Year Built: 2006
  • Approx Sq. Feet: 3,172
  • Est. Taxes: $24,612
  • Condo Fee: $9,512 Quarterly
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
  • MLS#: A4623466
  • Days on Market: 3 days
  • Website: https://www.raveis.com
    /prop/A4623466/401spalmavenue_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 10/1/2024 4:39:10 AM)
Listing courtesy of COLDWELL BANKER REALTY   Phone: 941-388-3966

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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401 S Palm AVENUE, #501, Sarasota, FL, 34236

$2,950,000

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 $2,360,000 $2,360,000 $2,360,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.336% 6.360% 6.201%
Monthly Tax Payment $2,051 $2,051 $2,051
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $14,531 $14,531 $19,915
Total Monthly Payment $16,707 $16,707 $22,091

* 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.