401 Palm Avenue, FL401 Palm Avenue, FL401 Palm Avenue, FL
Stellar MLS
1 / 76

$5,675,000

401 Palm Avenue

Sarasota, FL 34236

Listing updated: June 17, 2026 at 2:00 PM ET

Active
Stellar MLSListing courtesy of Michael Saunders & Company · Lenore Treiman · MLS #A4689269 · Active · 941-951-6660
3
Beds
4
Baths
4,385
Sq Ft
0
Acres
2006
Built
Water view3-car garage$1,294/sqft
Condominium

Property type

2006

Year built

$1,294

Price / sq ft

No HOA

HOA dues

47

Days on market

3

Garage spaces

AE, X

Flood zone

About this home

Welcome to the premier offering at the Savoy—an extraordinary, one-of-a-kind penthouse with sweeping Sarasota Bay views, set along coveted, tree-lined South Palm Avenue and rising 11 stories above downtown, where elevated design meets refined living. Fully renovated and expertly designed by the current owner, this remarkable 4,385 sf home offers 4 private terraces and an unmatched indoor-outdoor living experience, all enhanced by seamless smart home integration. From the moment you arrive at your private elevator foyer, you are welcomed by custom glass double doors with genuine leather handles, set against a striking backdrop for the owner’s curated Chihuly glass collection. At the heart of the residence, the chef's kitchen is both striking and functional, appointed with Poggenpohl push-and-pull cabinetry, Wolf double ovens, Subzero refrigerator, Miele induction cooktop with gas burner, Miele hood, an impressive 5-inch granite island with breakfast bar, a matching granite dining table, and beautiful bar with Subzero wine refrigerator. Imported Italian porcelain tile flows throughout, creating a cohesive and sophisticated backdrop for everyday living and entertaining. Rich suede finishes, bespoke lighting throughout, custom wall coverings, and expansive walls of glass define the interiors, bathing the home in natural light while framing breathtaking panoramic Bay and City views from every angle. Designed for effortless entertaining, the top-level expansive newly tiled terrace is the perfect spot for cooking on your gas grill and enjoying all fresco dining and the sweeping skyline vistas. The serene and spacious primary suite features a spa-like bath with his and her vanities with integrated smart mirror TV displays, custom mosaic tile, tile and glass shower, and free-form 2 person Jacuzzi tub with air jets where you can relax and take in the incredible view. Guests enjoy a private and sumptuous guest suite with en-suite bath which easily functions as a second primary suite. The 3rd bedroom is currently used as an office with high-end custom built-ins perfect for productivity. The spacious living and family rooms both feature media centers with rich piano-gloss wood paneling. The smart-home residence features modern conveniences which elevate daily living such as custom walk-in closets with sensor-activated lighting, integrated motorized window treatments, automatic lighting and whole home Sonos audio, and is equipped with three A/C units, new digital Essency water heater, and Aquasana whole house water filtration system, ensuring comfort and peace of mind. Rare private 3 car garage with EV charger with 1 section that has been enclosed and air conditioned. Residents of the 24-unit Savoy enjoy an array of upscale amenities, including heated lap pool and spa, concierge and full time on-site manager, guest suite, towel service, locker rooms with sauna, a dog run, grilling area and catering kitchen, building water softener, secure parking, and elegant gathering spaces designed for hosting and connection. Located just steps from Sarasota's Main Street, Burns Court, the Bayfront, and Selby Gardens, this exceptional penthouse offering simply cannot be replicated.

Estimated monthly payment

Principal & interest$28,696
Property taxes$3,749
Home insurance (est.)$2,601

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 history47 days on market

  1. Status: Active
    May 1, 2026
  2. Listed$5,675,000
    May 1, 2026
  3. Price increased$5,675,000

Facts & features

Property type
Residential
Sub type
Condominium
Status
Active
Days on market
47
Subdivision
The Savoy On Palm
County
Sarasota
Year built
2006
Living area
4,385 sq ft
Price/sq ft
$1,294
Building area
5,001 sq ft (Public Records)
Lot size
0 sq ft
Flood zone
AE, X
Garage
3 spaces
Annual taxes
$44,993 (2025)
Parcel #
2027115024
Zoning
DTE
MLS #
A4689269

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Interior Details

Bedrooms
3
Full bathrooms
3
Half bathrooms
1
Flooring
Carpet, Tile
Appliances
Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Water Filtration System
Interior features
Built-in Features, Dry Bar, Eat-in Kitchen, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s)
Laundry
Laundry Room
Stories / Levels
One
Direction faces
West

Heating & Cooling

Heating
Central, Electric, Zoned
Cooling
Central Air, Zoned

Parking

Garage spaces
3
Attached garage
Yes
Parking features
Circular Driveway, Deeded, Electric Vehicle Charging Station(s), Guest, On Street, Basement

HOA & Financial

Total monthly fees
$4,869/mo
Total annual fees
$58,428
HOA name
Bill Veal
CDD
No
Homestead exemption
Yes
Min lease term
1-2 Years
Listing terms
Cash, Conventional
Ownership
Condominium
Available for lease
Yes
Lease restrictions
Yes
Additional lease restrictions
Lease restrictions
Approval process
Application and fee required. See additional Rules and Regulations

Exterior & Construction

Exterior features
Balcony, Sliding Doors, Storage
Construction materials
Block, Stucco
Roof
Membrane
Foundation
Stilt/On Piling
Water view
Yes
Road surface
Paved

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
BB/HS Internet Available, Cable Connected, Natural Gas Available, Public

Community

Pets allowed
Yes

Schools

ElementarySouthside ElementaryGreatSchools ↗
MiddleBooker MiddleGreatSchools ↗
High SchoolSarasota HighGreatSchools ↗

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

RoomLevelDimensions
Living RoomFirst20x20
Dining RoomFirst17x12
KitchenFirst18x14
Family RoomFirst15x12
Primary BedroomFirst17x16
Primary BathroomFirst
Bedroom 2First14x13
Bedroom 3First14x14

Listing Details

Listing date
2026-04-03
On market date
2026-05-01
Original list price
$5,675,000
Occupant type
Owner
MLS area
34236 - Sarasota
Listing AOR
Sarasota - Manatee
Status changed
2026-05-01
Tax legal description
UNIT 1102, SAVOY ON PALM THE

Flood risk

High riskFEMA Zone AE, X

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

South on Ringling on Palm Avenue.

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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 17, 2026 at 2:00 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.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

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