$1,398,000
340 Palm Avenue
Sarasota, FL 34236
Listing updated: June 16, 2026 at 1:30 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage space
Flood zone
About this home
Under contract-accepting backup offers. Set within Sarabande, one of downtown Sarasota’s most distinguished bayfront addresses, this third-floor residence blends comfort, functionality, and the opportunity for thoughtful modernization. The elevator opens directly outside the front door, leading into a spacious layout designed to capture Sarasota’s most breathtaking sunsets and sweeping views across Sarasota Bay. Inside, the great room is bright and inviting, with sliders opening to a private terrace and transom windows that frame the bay and beyond. The kitchen features solid-surface countertops, white cabinetry, and a generous eat-in nook, creating a bright and practical space for everyday living or casual entertaining. The primary suite offers two walk-in closets and an en-suite bath with a walk-in shower and vanity area, while the guest bedroom, with floor-to-ceiling windows and plantation shutters and a connecting Jack-and-Jill bathroom, ensures privacy and comfort. A den with French doors provides flexibility for an office or media space. Tile flooring flows through the main living areas, complemented by carpet in the bedrooms and den. The laundry room includes cabinetry and a utility closet for added convenience. The residence has been exceptionally maintained and offers a clean, livable foundation for a new owner to personalize. Beyond its walls, this home’s appeal lies in its setting within one of Sarasota’s premier luxury towers, steps from downtown dining, cultural venues, and the waterfront Bayfront Park. Sarabande’s reputation for prestige, full amenity suite including guest suites, and location makes this residence an extraordinary opportunity to enjoy Sarasota’s coastal city lifestyle, enhanced by a front-row seat to its most unforgettable sunsets.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history130 days on market
- Status: PendingMar 21, 2026
- Listed$1,525,000Nov 11, 2025
- Price reduced$1,398,000
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Pending
- Days on market
- 130
- Subdivision
- Sarabande
- County
- Sarasota
- Year built
- 1998
- Living area
- 1,836 sq ft
- Price/sq ft
- $761
- Building area
- 2,074 sq ft (Public Records)
- Lot size
- 56,130 sq ft
- Lot category
- 1 to less than 2
- Flood zone
- AE (12115C0133G)
- Garage
- 1 spaces
- Annual taxes
- $10,750 (2024)
- Parcel #
- 2027114010
- Zoning
- DTB
- MLS #
- A4670760
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Interior Details
- Bedrooms
- 2
- Full bathrooms
- 2
- Flooring
- Carpet, Ceramic Tile
- Appliances
- Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer
- Interior features
- Ceiling Fans(s), Eat-in Kitchen, Elevator, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
- Laundry
- Inside, Laundry Room
- Stories / Levels
- One
- Direction faces
- East
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air, Humidity Control
Parking
- Garage spaces
- 1
- Attached garage
- Yes
- Parking features
- Assigned, Covered, Ground Level, Guest, Off Street, Basement
HOA & Financial
- Total monthly fees
- $1,944/mo
- Total annual fees
- $23,332
- HOA name
- Sarabande / Kyanne Merrill
- CDD
- No
- Homestead exemption
- Yes
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional
- Ownership
- Condominium
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- See Condo Docs. Lease not to exceed 12 months.
- Approval process
- See condo Docs.
Exterior & Construction
- Exterior features
- Balcony, Lighting, Sidewalk, Sliding Doors, Storage
- Construction materials
- Concrete
- Roof
- Metal
- Foundation
- Pillar/Post/Pier
- Water view
- Yes
- Road surface
- Asphalt, Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
Community
- Pets allowed
- Breed Restrictions, Yes
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | First | 15x19 |
| Dining Room | First | 11x11 |
| Living Room | First | 18x36 |
| Primary Bedroom | First | 17x19 |
| Primary Bathroom | First | 10x14 |
| Bedroom 2 | First | 11x18 |
| Den | First | 11x13 |
Listing Details
- Listing date
- 2025-11-11
- On market date
- 2025-11-11
- Original list price
- $1,525,000
- Occupant type
- Owner
- MLS area
- 34236 - Sarasota
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-03-21
- Tax legal description
- UNIT 32 SARABANDE
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
US 41 (MOUND) TO NORTH ON PALM AVENUE (BY SELBY GARDENS). SARABANDE ON THE WEST SIDE OF PALM JUST BEFORE RINGLING.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 16, 2026 at 1:30 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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