
$2,895,000
500 Palm AvenueSarasota, FL 34236
Listing updated: October 21, 2026 at 12:38 PM ET
Property type
Year built
Price / sq ft
HOA dues
Days on market
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
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
- Status: ActiveOct 21, 2026
- Listed$2,895,000Oct 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
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 | 24x21 | |
| Dining Room | 12x12 | |
| Kitchen | 24x11 | |
| Primary Bedroom | 18x18 | |
| Bedroom 2 | 18x14 | |
| Bathroom 3 | 13x11 | |
| Den | 13x11 |
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
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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