500 Palm Avenue, FL
Stellar MLS
1 / 1

$2,895,000

500 Palm AvenueSarasota, FL 34236

Listing updated: October 21, 2026 at 12:38 PM ET

Active
Stellar MLSListing courtesy of Coldwell Banker Realty · Dyrk Dahl · MLS #A4710137 · Active · 941-366-8070
3
Beds
5
Baths
3,315
Sq Ft
2000
Built
◆Water view◆$873/sqft
Condominium

Property type

2000

Year built

$873

Price / sq ft

No HOA

HOA dues

0

Days on market

AE

Flood zone

About this home

Virtually Staged. Water views take center stage in this rarely available residence at Tessera, ideally positioned on Renowned Palm Avenue in the heart of downtown Sarasota. Offering 3,315 square feet of refined living space, this exceptional condominium combines Sarasota Bay views, remarkable privacy, and an enviable downtown location. Tessera is prized for its quiet, serene setting while remaining effortlessly connected to the energy of downtown. With just 24 private residences and only two residences on this floor, the building offers an elevated sense of privacy with no shared common walls. The thoughtfully designed split-bedroom floor plan features a private office near the gallery entry, two en-suite guest bedrooms on one wing, and an expansive primary retreat on the opposite side. The spacious primary suite showcases water views and direct access to the terrace with an oversized walk-in closet, and a additional walk-in closet within one of the 2 primary baths. The Great Room is wrapped in floor-to-ceiling glass, capturing Sarasota's ever-changing coastal beauty and creating an effortless connection to the spectacular bay view wraparound terrace. Extending from the Great Room to the kitchen, the terrace provides an exceptional setting for morning coffee, sunset entertaining. The interior includes immaculately refinished kitchen cabinetry, quartz countertops open-concept kitchen with kitchen dining nook, new backsplash and modern hardware. The office/ den with custom high-end cabinetry provides an ideal space for work or relaxation. A private entrance to one of the en-suite bedrooms offers flexibility for guests, or live-in assistance. Additional conveniences include a private on-floor storage room and building-wide water detection system. Tessera's fully updated 2024 amenities include a heated 60-foot pool with sun deck, whirlpool spa, and state-of-the-art fitness center. The lobby and community spaces have also been beautifully redesigned by JKL Design. A pet-friendly building, Tessera additionally offers a grilling area and bicycle storage. Step outside and experience the best of downtown Sarasota. Located just steps from Main Street, Burns Court, the Bayfront, and Marie Selby Botanical Gardens, Tessera places shopping, galleries, dining, arts and culture, and waterfront recreation at your doorstep. Enjoy an easy walk or bike ride across the Ringling Bridge, or convenient access to St. Armands Circle and Lido Beach. A rare opportunity to experience expansive water views, exceptional privacy, polished interiors, and effortless downtown Sarasota living from one of Palm Avenue's most desirable addresses.

Estimated monthly payment

Principal & interest$14,639
Property taxes$2,831
Home insurance (est.)$1,327

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 history0 days on market

  1. Status: Active
    Oct 21, 2026
  2. Listed$2,895,000
    Oct 21, 2026

Property Documents

Documents the listing agent has made public for this property. Free to view and download.

Facts & features

Property type
Residential
Sub type
Condominium
Status
Active
Days on market
0
Subdivision
Tessera
County
Sarasota
Year built
2000
Living area
3,315 sq ft
Price/sq ft
$873
Building area
3,930 sq ft (Public Records)
Flood zone
AE (12115C0133F)
Annual taxes
$33,972 (2025)
Parcel #
2027145006
Zoning
DTB
MLS #
A4710137

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Interior Details

Bedrooms
3
Full bathrooms
4
Half bathrooms
1
Flooring
Marble, Tile
Appliances
Built-In Oven, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Interior features
Ceiling Fans(s), Eat-in Kitchen, Elevator, High Ceilings, Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
Laundry
Laundry Room
Stories / Levels
One
Direction faces
East

Heating & Cooling

Heating
Central
Cooling
Central Air

Parking

Garage spaces
0
Attached garage
Yes
Parking features
Alley Access, Assigned, Covered, Driveway, Garage Door Opener, Guest, Oversized, Reserved, Basement

HOA & Financial

Total monthly fees
$2,883/mo
Total annual fees
$34,600
HOA name
Advanced Management of SW Florida/ Honna Nisbet
CDD
No
Homestead exemption
Yes
Min lease term
8-12 Months
Listing terms
Cash, Conventional
Ownership
Condominium
Available for lease
Yes
Lease restrictions
Yes
Additional lease restrictions
Please see Rules and Regulations
Approval process
Please see Rules and Regulations

Exterior & Construction

Exterior features
Balcony, Outdoor Grill, Sidewalk, Storage
Construction materials
Concrete
Roof
Concrete, Other
Foundation
Slab
Water view
Yes
Road surface
Asphalt

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Cable Connected, Electricity Available

Community

Pets allowed
Number Limit

Schools

ElementarySouthside ElementaryGreatSchools ↗
MiddleBooker MiddleGreatSchools ↗
High SchoolBooker 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 Room24x21
Dining Room12x12
Kitchen24x11
Primary Bedroom18x18
Bedroom 218x14
Bathroom 313x11
Den13x11

Listing Details

Listing date
2026-10-21
On market date
2026-10-21
Original list price
$2,895,000
Occupant type
Vacant
MLS area
34236 - Sarasota
Listing AOR
Sarasota - Manatee
Status changed
2026-10-21
Tax legal description
UNIT 32 TESSERA

Flood risk

High riskFEMA Zone AEPanel 12115C0133F

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

S Palm Ave to 500 S Palm Ave to guest parking by lobby entrence

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MLS GRID

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 October 21, 2026 at 12:38 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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