$5,675,000
401 Palm Avenue
Sarasota, FL 34236
Listing updated: June 17, 2026 at 2:00 PM ET
Property type
Year built
Price / sq ft
HOA dues
Days on market
Garage spaces
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
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
- Status: ActiveMay 1, 2026
- Listed$5,675,000May 1, 2026
- 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
Ask about this home
Have a question? Ask the broker directly.
Ryan Solberg answers personally — no call center, no spam. Your question goes straight to him.
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
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 |
|---|---|---|
| Living Room | First | 20x20 |
| Dining Room | First | 17x12 |
| Kitchen | First | 18x14 |
| Family Room | First | 15x12 |
| Primary Bedroom | First | 17x16 |
| Primary Bathroom | First | |
| Bedroom 2 | First | 14x13 |
| Bedroom 3 | First | 14x14 |
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
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.
More homes like this

$4,475,000
1516 S Orange Ave
Sarasota, FL 34239
4 bd · 5 ba · 4,224 sqft
Harbor Acres
MLS ID #A4676686, GRECO REAL ESTATE.
Listing provided by Stellar MLS

$3,475,000
5103 Windward Ave
Sarasota, FL 34242
3 bd · 5 ba · 3,034 sqft
Sara Sands
MLS ID #A4676707, GRECO REAL ESTATE.
Listing provided by Stellar MLS

$4,159,000
555 Quay Cmn #505
Sarasota, FL 34236
3 bd · 4 ba · 4,001 sqft
Ritz-Carlton Residences, Sarasota Bay
MLS ID #A4698163, PREMIER SOTHEBY'S INTERNATIONAL REALTY.
Listing provided by Stellar MLS

$5,329,000
555 Quay Cmns #1204
Sarasota, FL 34236
3 bd · 4 ba · 3,556 sqft
Ritz-Carlton Residences, Sarasota Bay
MLS ID #A4698164, PREMIER SOTHEBY'S INTERNATIONAL REALTY.
Listing provided by Stellar MLS
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.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA