tomo logo

$1,599,000

Beds
2
Baths
2.0
sq ft
1,836

340 S Palm Ave Unit 121, Sarasota, FL 34236

340 S Palm Ave Unit 121

SARASOTA, FL 34236

  • 6 days on market
One or more photo(s) has been virtually staged. Fantastic Bay views and incredible sunsets from this 12th floor unit in Sarabande! Luxurious building located directly across from the bayfront and the marina in the heart of downtown Sarasota. You will enjoy this bright and open floor plan with floor to ceilings glass featuring a large terrace, which will be your special place to really capture the spectacular water views and the glittering lights at night. This unit has beautiful travertine tile throughout, 2 en-suite bedrooms, a private office with gorgeous built-ins, the kitchen has been updated with a new built-in oven and microwave, and a new induction cooktop. There is plenty of cabinet space, a pantry, and an eat-in area. A spacious laundry room with a sink and service door to the hallway is located off the kitchen as well. The main bedroom has direct access to the terrace, and 2 custom walk-in closets. Two (2) deeded parking spaces and extra storage are included. Sarabande offers the convenience of a 24-hour concierge service, two pools and a rejuvenating spa. There is also a fitness center, massage room, and steam rooms to cater to your well-being, along with the club room and catering kitchen, library, wine storage and two guest suites. Enjoy the cultural aspects of downtown Sarasota by walking to the vibrant theater district, or exploring the array of restaurants and nearby shops. Experience the essence of Sarasota's downtown lifestyle and make this exceptional residence your own.

Details

Property type

Condominium

Est. home value

$659,336

Lot size

Unknown

Price per sq ft

$871

Year built

1998

Annual property taxes

$13,311

HOA

No

Price History

11/06/2024
StellarMLS

StellarMLS #A4628152

Listed
$1,599,000
-10.92%
05/30/2024
StellarMLS

StellarMLS #A4580393

Removed
$1,795,000
03/21/2024
StellarMLS

StellarMLS #A4580393

Price change
$1,795,000
-4.27%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Pool

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Suncoast Cu

Loan start date

January 2023

Original loan amount

$50,000

Est. remaining balance

Not provided

Interest rate

6.33%

Loan type

Credit Line (Revolving), 25 year

Seller

Dana Peco and Tyson Peco

Lender

Homebridge Financial Services Inc

Loan start date

August 2021

Original loan amount

$260,000

Est. remaining balance

$241,903

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Tyson Peco and Dana Peco

Lender

Jpmorgan Chase Bank Na

Loan start date

October 2010

Original loan amount

$50,000

Est. remaining balance

Not provided

Interest rate

3.56%

Loan type

Credit Line (Revolving)

Seller

Tyson Peco and Dana Peco

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/12/2024 at 2:55 PM

Listing updated: 11/07/2024 at 6:52 AM

Listed by: Bibi-Ann Allard, PA, MICHAEL SAUNDERS & COMPANY Phone #: (941) 951-6660

MLS: StellarMLS #A4628152

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