
340 S PALM AVENUE UNIT PL1, SARASOTA, FL, 34236
Active1 days on marketListed Aug 5, 2026MLS #A4702190
About this home
340 S PALM AVENUE UNIT PL1
Virtually Staged. Discover an extraordinary luxury condominium offering one of downtown Sarasota's most distinguished living experiences. Perfectly positioned on prestigious Palm Avenue, this exceptional residence blends timeless elegance, sophisticated design, and breathtaking panoramic views of Sarasota Bay and the city skyline. Just moments from world-class dining, boutique shopping, theaters, art galleries, the marina, and Sarasota's vibrant waterfront, this remarkable home offers an unparalleled blend of luxury and comfort. A dramatic rotunda foyer with designer lighting creates an unforgettable first impression, welcoming you into expansive living and entertaining spaces where soaring ceilings and floor-to-ceiling windows and sliding glass doors flood the residence with natural light while showcasing spectacular bay and city views. Designed for effortless entertaining, the spacious great room features a custom continental bar with seating for six, creating the perfect gathering space for family and friends. Just beyond the living area, sliding glass doors open to the home's most extraordinary feature—an approximately 2,200-square-foot wraparound terrace, one of the largest private outdoor living spaces in downtown Sarasota. This exceptional terrace seamlessly extends the interior living space outdoors, providing the ultimate setting for entertaining, relaxing, dining al fresco, or simply taking in breathtaking sunsets and panoramic views of Sarasota Bay and the city skyline. The chef-inspired kitchen is thoughtfully designed for both everyday living and entertaining, offering generous counter space, a breakfast bar, and an adjoining butler's pantry with a spacious laundry area, combining elegance with exceptional functionality. The luxurious primary suite is a true private retreat, featuring a cozy electric fireplace and a thoughtfully designed spa-inspired bath. Separate his-and-her sides each offer a private vanity area and dedicated closet, with one side featuring an oversized walk-in closet. At the center, an impressive walk-through shower beautifully connects both spaces, creating a seamless, resort-style experience that perfectly balances luxury, privacy, and everyday comfort. The guest suite offers exceptional flexibility and can easily serve as a private bedroom, elegant home office, or den. Complete with its own walk-in closet and private ensuite bathroom featuring a soaking tub, it provides comfort and privacy for family members or overnight guests. A beautifully appointed powder room is conveniently located off the main hallway, offering guests easy access while preserving the privacy of the bedroom suites. Every detail throughout the residence reflects timeless sophistication, from the stunning gold-leaf glass tile ceiling in the powder room to the beautifully appointed bathrooms and refined designer finishes that elevate every space. Residents enjoy an outstanding collection of resort-style amenities, including a state-of-the-art fitness and spa center, 24-hour concierge service, professional on-site management, and the convenience of secure, maintenance-free luxury living.Perfectly located on prestigious Palm Avenue, you'll find yourself just steps from Sarasota's finest restaurants, boutique shopping, theaters, art galleries, Bayfront Park, the marina, and the city's celebrated cultural attractions.This is more than a luxury condominium—it's an extraordinary opportunity to own one of downtown Sarasota's most impressive residences
Facts & features
The home at a glance
2
Bedrooms
3.5
Bathrooms
2,313
Sqft
1
Garage
1998
Year built
One
Levels
$497
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$8,160 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$8,160/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Sarasota actives
$497 vs $343
Days on market
1 vs 61 typical
Where $497/sqft sits among the 400 Sarasota actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside South Palm Avenue Residents
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Sarasota. See the full Sarasota guide →
South Palm Avenue Residents — neighborhood snapshot
Population
637
Median age
76
Median income
$138,472
Median home value
$1,023,600
Avg household
2
For the school run
Sarasota County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Sarasota market
$475K → $493K
Sarasota median sold, yr/yr
95.2%
Sale-to-list ratio (12 mo)
160 of 400
Sarasota actives have cut their price
Median sold price, Sarasota, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 39% above the SARASOTA 34236 median. See the full Sarasota market guide →
Paper trail
This home's history
Reality check
What actually sold near 340 S PALM AVENUE UNIT PL1
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Nov ’25$1,075,000
340 S PALM AVENUE UNIT PL1 · same community
2 bd · 3.5 ba · 2,313 sqft · $465/sqft · 263 DOM
Sold · Jul ’26$2,125,000
340 S PALM AVENUE UNIT 63 · same community
2 bd · 2.5 ba · 2,437 sqft · $872/sqft · 0 DOM
Sold · Jun ’26$1,300,000
340 S PALM AVENUE UNIT 32 · same community
2 bd · 2 ba · 1,836 sqft · $708/sqft · 130 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 340 S PALM AVENUE UNIT PL1 — start here.

Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 340 S PALM AVENUE UNIT PL1 — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
340 S PALM AVENUE UNIT PL1 FAQs
What would the monthly payment be for 340 S PALM AVENUE UNIT PL1?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $8,160/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 340 S PALM AVENUE UNIT PL1?+
The most recent tax bill on record (2026) was $16,362. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 340 S PALM AVENUE UNIT PL1?+
The listing reports pets: Breed Restrictions, Number Limit, Size Limit, Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Sarasota?+
At $1,150,000, this home is listed about 102% above the Sarasota median of $569,000. The market section on this page shows how the area is trending.
Which schools are assigned to 340 S PALM AVENUE UNIT PL1?+
Sarasota High School (high), Southside Elementary School (elementary), Booker Middle School (middle) — Sarasota County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$1,150,000 runs 39% above the SARASOTA 34236 median — but at 2,313 sqft it's also 37% larger than the typical Sarasota listing.
02City & Pool & Water views
The city and pool and water view is part of what you're buying — views hold value independently of the structure.
03Fresh on the market
Only 1 day on market in a Sarasota market that averages 61 — if it fits, move quickly.
04Strong assigned schools
Sarasota High School, Southside Elementary School, Booker Middle School — Southside Elementary School rates 5 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of CALL IT CLOSED INTL REALTY · Sasha Volosevych. MLS #A4702190.
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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
Never miss a listing
New Sarasota homes, in your inbox
Like 340 S PALM AVENUE UNIT PL1 but not quite? A daily digest of every new listing in Sarasota — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask David to ping you on any price or status change →


