Spacious luxury on picturesque Palm Avenue. This Savoy condominium is one of only 24 residences in a Downtown building renowned for its beautiful location and exceptional standard of living. The Savoy offers remarkable amenities that include concierge, two guest suites, covered and secure parking and storage, a fabulous rooftop terrace, pool with lushly landscaped lounge area, community room and entertaining area with catering kitchen, and more. This sprawling 10th floor residence spans three ensuite bedrooms with spectacular unobstructed water and city views and detailed features to complement luxury living. From the private elevator access and large entry foyer, double doors open to an enormous floorplan of more than 4,100 square feet with floor to ceiling windows that meet tall cove ceilings and crown molding for remarkably elegant style. Full height sliding doors offer seamless access to the deep private terraces to accommodate additional seating and dining space. Through a massive window and doors that open to the primary terrace, the chef’s kitchen and breakfast nook with adjacent counter seating look directly out to Sarasota Bay and the Ringling Bridge. The kitchen is laid out perfectly to showcase the views and maximize prep and entertaining space. Premium stainless appliances by Wolf, Dacor, and Fisher and Paykel include double wall ovens, five-burner gas stove, double door Subzero refrigerator, and beverage refrigerator in the central island. The central living space with majestic views of Sarasota Bay encompasses a dining room with bespoke library shelves that extend the length of the home to the guest suites. The exceptional millwork includes a disguised door that opens to a semi-hidden chamber for storage or personal space. With its own elegant built-ins, the owners’ suite is a light-filled oasis that enjoys direct access to the main terrace and picture-perfect views of Sarasota Bay. In addition to the private seating area in the bedroom, the suite encompasses two dressing rooms and a morning kitchen beside the bathroom, where separate water closet, two oversized vanities, soaker tub and massive walk-in shower with double heads and bench seating offer resort-style luxury. Custom drawers, shoe shelves, hanging closets, and a seated vanity are incredible wardrobe amenities. The two additional ensuite bedrooms, located on the opposite side of the residence to ensure privacy and comfort for owners and guests, enjoy direct access to a shared terrace with magnificent sunrise views overlooking historic Burns Court. An additional powder room and utility room with washer/dryer/sink and storage space add value and convenience to this sprawling high-floor home. The Savoy is an exclusive retreat in the heart of Downtown Sarasota, with immediate access to the waterfront and Sarasota Bay, Selby Gardens, and the city’s cosmopolitan shops and restaurants. Located on the idyllic tree-lined Palm Avenue, this building is highly sought after for its beauty, security, and luxury lifestyle. Bedroom Closet Type: Walk-in Closet (Primary Bedroom).
Sold for $3,200,000 on 01/16/24
$3,200,000
401 S Palm Ave UNIT 1002, Sarasota, FL 34236
3beds
3,600sqft
Condominium
Built in 2006
-- sqft lot
$3,402,800 Zestimate®
$889/sqft
$8,037 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 30, 2024 at 04:54am
Listing Provided by:
Lisa Morris 941-544-3332,
DOUGLAS ELLIMAN 941-867-6199
Bought with:
Sherri Mills, 3042812
MICHAEL SAUNDERS & COMPANY
Source: Stellar MLS,MLS#: A4588609
Originating MLS: Sarasota - Manatee

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Primary bedroom
- Features: Bath w Spa/Hydro Massage Tub, Built-In Shelving, En Suite Bathroom, Wet Bar, Walk-In Closet(s)
- Level: First
Primary bathroom
- Features: Bath w Spa/Hydro Massage Tub, Built-In Shower Bench, Dual Sinks, En Suite Bathroom, Split Vanities, Stone Counters, Tub with Separate Shower Stall, Water Closet/Priv Toilet
- Level: First
Kitchen
- Features: Granite Counters, Kitchen Island
- Level: First
Living room
- Features: Built-In Shelving
- Level: First
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Bar Fridge, Oven, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Wine Refrigerator
Features
- Built-in Features, Crown Molding, Eating Space In Kitchen, Split Bedroom, Stone Counters, Thermostat, Tray Ceiling(s), Walk-In Closet(s), Wet Bar
- Flooring: Carpet, Marble, Tile, Hardwood
- Doors: Outdoor Grill, Sliding Doors
- Windows: Storm Window(s), Window Treatments
- Has fireplace: No
Interior area
- Total structure area: 4,117
- Total interior livable area: 3,600 sqft
Property
Parking
- Total spaces: 2
- Parking features: Assigned, Covered, Deeded, Garage Door Opener, Ground Level, Guest, Under Building
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Exterior features: Balcony, Outdoor Grill
- Pool features: Heated, In Ground, Lap
- Has view: Yes
- View description: City, Water, Bay/Harbor - Partial
- Has water view: Yes
- Water view: Water,Bay/Harbor - Partial
- Body of water: SARASOTA BAY
Details
- Parcel number: 2027115021
- Zoning: DTE
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Block, Cement Siding, Stucco
- Foundation: Raised
- Roof: Concrete
Condition
- Completed
- New construction: No
- Year built: 2006
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available, Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Clubhouse, Fitness Center, Gated Community - No Guard
Location
- Region: Sarasota
- Subdivision: THE SAVOY ON PALM
HOA & financial
HOA
- Has HOA: No
- HOA fee: $3,229 monthly
- Amenities included: Clubhouse, Elevator(s), Fitness Center, Gated, Lobby Key Required, Pool, Sauna, Spa/Hot Tub, Vehicle Restrictions
- Services included: Common Area Taxes, Community Pool, Reserve Fund, Maintenance Structure, Maintenance Grounds, Pool Maintenance, Security, Sewer, Trash, Water
- Association name: Bill Veal
- Association phone: 941-951-2800
Other fees
- Pet fee: $0 monthly
Other financial information
- Total actual rent: 0
Other
Other facts
- Listing terms: Cash,Conventional
- Ownership: Condominium
- Road surface type: Paved
Services availability
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Estimated market value
$3,402,800