340 S Palm AVENUE, #45, Sarasota, FL, 34236 | $2,600,000

Enjoy unparalleled luxury with scenic bay vistas and resort-like amenities. Welcome to this exceptional residence at the Sarabande Condominium, offering 2, 781 square feet of luxurious living with breathtaking panoramic views of Sarasota's iconic Bayfront. After exiting the elevator into your semi-private lobby entry, you are greeted by a sophisticated open space adorned with warm wood flooring and striking coffered ceilings that create a welcoming and refined atmosphere. The heart of the home is the expansive central living area, where walls of glass frame Sarasota’s stunning shoreline and cityscape. An impressive kitchen features bespoke cabinetry, a beautiful stone-topped island with bar seating, and top-of-the-line Thermador, GE, and Bosch appliances. A wine enthusiast’s dream, the kitchen boasts a 130-bottle wine refrigerator, while a water filtration system ensures purity in every glass. Sliders from the kitchen and dining area open onto a spacious balcony, offering stunning views of Sarasota Bay. The primary suite offers an unparalleled retreat with floor-to-ceiling windows showcasing picturesque views, custom built-ins, spacious walk-in closet, and spa-inspired bath with dual vanities and walk-in shower. The second guest bedroom also enjoys abundant natural light from large windows, built-in desk, and en-suite bath, while a generous den provides flexibility as a potential third bedroom. Throughout the residence, you’ll find thoughtful design touches, including motion-sensor lights in the custom closets and automated blinds in the living room and primary bedroom. Additional features include a central air purifier, LG washer/dryer (less than 3 years old), and a 50-gallon water heater installed in December 2024. For added convenience, the home offers garage parking for two vehicles, complete with an electric vehicle charger, and two storage units with racks. The Sarabande Condominium offers a host of first-class amenities, including pools, spa, fully equipped fitness center with steam room and massage facilities, and a well-appointed club room with a catering kitchen. Residents enjoy concierge service, professional on-site management, and access to guest suites for visitors. Additional amenities include a library, wine storage, and a newly installed roof (2024). The property has also completed its Milestone Inspection Report for peace of mind. Embrace the epitome of refined living in Sarabande.

Features

  • Elevator: Y
  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Levels: 15
  • Amenities: Clubhouse, Elevator(s), Fitness Center, Park, Pool, Security, Spa/Hot Tub, Storage
  • Rooms: 7
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: Inside, Laundry Room
  • Complex: SARABANDE
  • Year Built: 1998
  • Approx Sq. Feet: 2,761
  • Est. Taxes: $14,626
  • Condo Fee: $8,304 Quarterly
  • Lot Desc: Historic District, City Lot
  • View: City, Water
  • Elem. School: Southside Elementary
  • Middle School: Booker Middle
  • High School: Sarasota High
  • Pet Policy: Yes
  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Washer, Wine Refrigerator
  • MLS#: A4635785
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A4635785/340spalmavenue_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 1/18/2025 9:35:23 PM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-951-6660

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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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340 S Palm AVENUE, #45, Sarasota, FL, 34236

$2,600,000

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 $2,080,000 $2,080,000 $2,080,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.200% 6.748% 6.786%
Monthly Tax Payment $1,219 $1,219 $1,219
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $13,838 $13,318 $18,262
Total Monthly Payment $15,182 $14,662 $19,606

* 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.