Listing Details for MLS #A4490020
500 S Palm Ave #12, Sarasota, Fl

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    Residential Property - Condominium in Sarasota

    Listing Price: $2,225,000 (Mortgage Calculator →)Days on Market: 163

    Description of Property

    Welcome to Tessera, an exclusive, boutique luxury residence in the heart of downtown Sarasota. Incredible Sarasota Bay and Gulf of Mexico views greet you as you enter this rarely available 3 bedroom, 4 1/2 bath, 3315 sq. ft. home, exuding the warmth and the comfort of a single family home yet all the amenities and conveniences of condominium living. Enjoy the morning sunshine with tropical bay views and extraordinary sunsets by night. Expand your living and entertaining space on the incredibly spacious and open wraparound terrace boasting bayside and Palm Avenue views. Filled with beautiful tropical potted plants the expansive terrace is a gardener's delight. Enter the foyer with a tray ceiling, and quality custom finishes throughout for elegant living at its Best. The library/study with built-ins and 2 desk areas creates a comfortable, work from home environment. The guest wing features two bedrooms, (one custom outfitted as an office), two full baths and wonderful balcony views. The chef's kitchen showcases dark stone countertops, a breakfast bar, a beverage and a wine refrigerator, handsome wood cabinets with access to the outdoor terrace - perfect for entertaining. Double doors open to the master suite with peaceful water and garden balcony views, his and hers baths with walk in showers, soaking tub, and customized walk in closet. Numerous home updates include crown molding throughout, 8' foot panel solid doors, modern LED and track lighting, darkening shades and custom window treatments, and highest rated hurricane shutters on all windows installed 2019. Additional features include two A/C units, air conditioned storage room, and a private 2 car garage with new epoxy floors and a Palm Avenue entrance. Tessera is a pet friendly community with only two units per floor, which affords each residence privacy and accessibility to all amenities including the luxury heated lap pool, spa, sauna, sun deck, grilling area and exciting building upgrades that are currently in process (lobby re-design and a state of the art fitness center and social area). Tessera is perfectly located on Palm Avenue, one of the most sought after and tree lined downtown streets, with protected bay and Gulf views and easy access to all Sarasota has to offer. Walk or bike to shopping, fine dining, Selby library, Sarasota Opera, art galleries, cafes, Whole Foods, Burns Court Cinema or drive over the scenic Ringling Causeway to St. Armands Circle and Lido Beach. Sarasota was voted the number one Best place to retire in the U.S. on U.S. News and World Report's 2020-2021 list. Your new home awaits you in the renowned cultural capital of Florida.This is the only 3 bedroom/4 bath condominium between $2,000,000 and $2,600,000 currently listed for sale in this Zip code.

    MLS #A4490020 - SARASOTA
    Beautiful Palm Avenue location - MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    Tree lined Palm Avenue location - MLS #A4490020 - SARASOTA
    State of the art security into building - MLS #A4490020 - SARASOTA
    Exciting lobby re-design coming soon - MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    Foyer entrance - MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    Additional workspace in library/den - MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    L shape kitchen - MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    Stainless appliances with wine frig - MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    Lovely outdoor views - MLS #A4490020 - SARASOTA
    Expansive terrace and views - MLS #A4490020 - SARASOTA
    Beautiful water views from living room terrace - MLS #A4490020 - SARASOTA
    Spacious dining area - MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    Master Suite - MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    New soaking tub in master bath - MLS #A4490020 - SARASOTA
    Spacious master bath - MLS #A4490020 - SARASOTA
    Custom closet space with ample space for hanging, display, and shoe organization. - MLS #A4490020 - SARASOTA
    Second bath in owner's suite - MLS #A4490020 - SARASOTA
    Second bedroom with custom cabinets and lovely terrace views - MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    Large windows and abundant natural light - MLS #A4490020 - SARASOTA
    En suite guest bathroom - MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    Fabulous entertaining space - MLS #A4490020 - SARASOTA
    Sliders open from living room and master suite  to garden terrace and lovely water views. - MLS #A4490020 - SARASOTA
    Expansive wraparound balcony for outdoor living - MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    Spectacular terrace with trees for added privacy - MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    Private terrace facing lovely Palm Avenue - MLS #A4490020 - SARASOTA
    Private two car garage with new epoxy floors - MLS #A4490020 - SARASOTA
    Private garages for residents - MLS #A4490020 - SARASOTA
    Peaceful pool area - MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    Fitness center- see rendering for full remodel underway - MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    Building Amenity Update Rendering - MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA
    MLS #A4490020 - SARASOTA

    Property Details At A Glance

    Property Type: Residential
    Property Use or Sub Type: Condominium
    City: Sarasota
    County: Sarasota
    Subdivision: Tessera / Tessera
    Bedrooms: 3
    Bathrooms: 4
    Half Baths: 1
    Sq. Ft. Gross: 6,180
    Sq. Ft. Living Area: 3,315
    Cost per (heated) sqare foot: $671
    Year built: 2000
    Annual Tax: $12,290
    Homestead: Yes. This property has homestead exemption. Property tax will be adjusted to reflect market value upon sale of the property.
    Condo Fee: $5,600 Quarterly
    Association Fee Requirement: None
    Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.

    Association Fee Includes:

    • Cable TV
    • Community Pool
    • Escrow Reserves Fund
    • Insurance
    • Maintenance Exterior
    • Maintenance Grounds
    • Maintenance Repairs
    • Manager
    • Security
    • Sewer
    • Trash
    • Water

    Interior Features:

    • Built in Features
    • Ceiling Fans(s)
    • Crown Molding
    • Eating Space In Kitchen
    • Solid Wood Cabinets
    • Split Bedroom
    • Stone Counters
    • Walk-In Closet(s)
    • Window Treatments


    • Built-In Oven
    • Cooktop
    • Dishwasher
    • Disposal
    • Dryer
    • Electric Water Heater
    • Exhaust Fan
    • Microwave
    • Refrigerator
    • Washer
    • Water Purifier
    • Wine Refrigerator


    • Pantry

    Fireplace: No
    Window Features: Shades, Window Treatments

    Additional Rooms: Den/Library/Office, Inside Utility

    Flooring: Tile

    Room Dimensions & Flooring

    • Bedroom 2: 11x13
    • Bedroom 3: 14x18
    • Dining Room: 11x13
    • Kitchen: 10x19 Granite
    • Library: 10x12
    • Living Room: 21x24
    • Master Bedroom: 18x18
    Laundry Features: Inside, Laundry Room


    Elementary School: Southside Elementary
    Middle/Junior High School: Booker Middle
    High School: Sarasota High

    Pool & Waterfront Info

    Private Pool: No
    Water Access: No
    Water View: Yes
    Water View: Bay/Harbor - Partial

    Exterior & Construction

    Property Features: End Unit, High Rise
    Architectural Style: Contemporary, Custom
    Rooms: 7
    Construction: Block, Stucco
    Foundation: Slab
    Roof: Concrete, Membrane

    Exterior Features:
    • Balcony
    • Lighting
    • Sliding Doors
    • Storage

    Garage: Yes
    Garage Spaces: 2
    Garage Dimensions: 18x18
    Floors Total: 1
    Floors in Unit: One
    Cooling: Central Air, Zoned
    Heating & Fuel: Central, Zoned

    Patio & Porch Features:

    • Covered
    • Patio
    • Wrap Around

    View: City, Water

    Utilities: BB/HS Internet Available, Cable Connected
    Sewer: Public Sewer
    Water Source: Public

    Community Features:

    • Buyer Approval Required
    • Deed Restrictions
    • Fitness
    • Pool

    Lot Information

    Flood Zone Code: AE
    Lot Size (acres): 0.88
    Lot Size (sq. ft.): 38,134 square feet
    Front Exposure: North

    Legal Description & Other Information

    Financing Available: Cash, Conventional, VA Loan
    Pets Allowed/Pet Policies: Yes
    Number of Pets: 2
    Pet Size Permitted: Medium (36-60 Lbs.)
    Max Pet Weight Permitted: 101
    Zoning: DTB
    Tax Legal Desc.: UNIT 12 TESSERA
    Parcel Number: 2027145002
    Section: 19
    Range: 18E
    Township: 36S



    Listing courtesy of RE/MAX PLATINUM REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

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