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340 S Palm AVENUE, #15, Sarasota, FL, 34236 | $1,890,000
Enviably located and spacious, this Sarabande residence presents exceptional value on one of Sarasota’s most coveted streets, the idyllic and beautifully shaded Palm Avenue. The square footage and scale of this residence are a rare find at this price point. An open layout and generous room proportions with optimal flow span more than 2, 700 square feet of interior living space with 3 bedrooms and 3. 5 bathrooms. An inviting terrace expands the living space with additional room for dining and lounging.
Fine features throughout include hardwood floors, recessed lighting, contemporary wood tones, and integrated storage. From the entry, the home opens to a bright and welcoming central living space that encompasses the dining area and living room with direct access to the outdoor space. The light-filled kitchen includes an eat-in space for a breakfast table with large gallery windows and an island to accommodate extra seating. Wall oven, range, and side-by-side paneled refrigerator ensure gourmet luxury.
The owners’ suite is situated apart from guest bedrooms and enjoys an expanse of floor-to-ceiling windows, a spa-like bathroom, and two walk-in closets. A dedicated ensuite guest suite includes generous closet space, and a third bedroom with an adjacent bath offers ideal flex space as an office, study, or media den. The laundry room with additional storage space and a separate pantry add to the home’s comforts.
Situated directly across from the marina and Sarasota Bay within a few short blocks of innumerable options for dining and entertainment, Sarabande is city living at its finest. This lushly landscaped and pet-friendly oasis enjoys numerous amenities that include two pools and a spa, hospitality and meeting spaces, a library, a large fitness center, two guest suites and onsite staff. The building is meticulously maintained and financially sound, with only 57 residences for an ideal blend of luxury surroundings and the privacy of a close community. Bedroom Closet Type: Walk-in Closet (Primary Bedroom).
Features
- Elevator: Y
- Heating: Central, Electric
- Cooling: Central Air
- Levels: 15
- Rooms: 6
- Bedrooms: 3
- Baths: 3 full / 1 half
- Laundry: Laundry Room
- Complex: SARABANDE
- Year Built: 1998
- Approx Sq. Feet: 2,761
- Acreage: 1.29
- Est. Taxes: $17,703
- Condo Fee: $8,366 Quarterly
- Lot Desc: FloodZone, City Lot, Sidewalk
- View: City, Water
- Elem. School: Southside Elementary
- Middle School: Booker Middle
- High School: Sarasota High
- Pet Policy: Breed Restrictions, Cats OK, Dogs OK, Number Limit
- Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer
- MLS#: A4596801
- Days on Market: 90 days
- Website: https://www.raveis.com
/prop/A4596801/340spalmavenue_sarasota_fl?source=qrflyer
Listing courtesy of DOUGLAS ELLIMAN Phone: 941-867-6199
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Evelio MirandaInsurance Sales Director, William Raveis Insurance
561.704.7334
Evelio.Miranda@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
340 S Palm AVENUE, #15, Sarasota, FL, 34236
$1,890,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,512,000 | $1,512,000 | $1,512,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.250% | 6.875% | 6.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.877% | 6.977% | 7.041% |
| Monthly Tax Payment | $1,475 | $1,475 | $1,475 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,315 | $9,933 | $13,485 |
| Total Monthly Payment | $11,915 | $11,533 | $15,085 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388