Listing Details for MLS #A4579421
401 S Palm Avenue Unit 301, Sarasota, Fl

Residential Property - Condominium in Sarasota

SOLD for $2,700,000 on March 15, 2024

Listing Price: $2,999,000Sold Price: $2,700,000Sold Price/List Price: 90%
Sold Price/Original List Price: 87.1%Days on Market: 167

Description of Property

Welcome to a truly exceptional offering in downtown Sarasota – an exclusive 3rd floor condo in the Savoy on Palm, an intimate building of only 24 units. Rarely available, this distinguished building and unique residence truly stands out amongst the crowd, offering security of a condo with the feelings of a house and yard. With easy access on the main level, this condo features a sprawling terrace over 3400 square feet that is a haven for dog owners and outdoor enthusiasts alike. Sliding and french doors lead you to the terrace from most rooms of the home. This expansive outdoor space is a private oasis, complete with a koi pond accompanied by a soothing waterfall, a gas grilling area, and plenty of seating space surrounded by the lush greenery of flowering trees. The interior of this condo seamlessly pairs elegance with space and functionality. Beautiful crown moldings, elegant window treatments, gas fireplace, and travertine marble floors adorn the living spaces, creating a warm and inviting atmosphere. With 3 bedrooms plus a den, 3.5 bathrooms, and approximately 3200 square feet, there is no shortage of space for comfortable living. The kitchen features plenty of cabinet space, Sub Zero, Dacor, and Bosch stainless appliances, wine refrigerator, a connection for gas cooktop is in place, a center island with sitting area, and a direct access to the terrace. The owner’s suite features custom walk-in closets, tray ceilings, and an ensuite bath, including double vanities, a marble walk-in shower, and large jetted tub to relax in. The den, currently utilized as a dining room, adds versatility to the layout, allowing you to personally tailor the space to your preferences. There is also a large laundry room with utility sink and plenty of storage. The 2 air conditioning units were replaced 3 years ago. Additionally, the property boasts the luxury of a private oversized 2-car garage and a storage area, providing secure parking and extra space for your belongings. Offering same-floor access, the Savoy on Palm features an array of amenities. You will find the lounge, complete with a catering kitchen, a state-of-the-art fitness center and massage room, and should guests wish to stay the night, a guest suite is readily available for their comfort. Enjoy the resort-style heated pool and spa, summer kitchen, convenience of a concierge, and a rooftop terrace providing panoramic views of the city skyline and stunning Sarasota Bay sunsets. This condo presents an unparalleled opportunity to experience the best of downtown Sarasota living. Walkable to the bayfront, many shops and restaurants, as well as the theater district, and a quick drive to St. Armands Circle and the white sand beaches, you have all Sarasota has to offer right at your fingertips. Rarely does a residence of this caliber become available – seize the chance to make it yours and indulge in the ultimate urban retreat.The average asking price for a 3 bedroom/3 bath condominium in this Zip code is $3,746,951. This condominium is listed at about 80% of the average asking price. There are 19 3 bedroom/3 bath homes between $2,600,000 and $3,400,000 currently listed for sale in this Zip code. See other listings like this one »