Condominium at 500 S PALM AVE #32, SARASOTA
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1st Primary Closet - 500 S PALM AVE #32, SARASOTA
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Office/ Den - 500 S PALM AVE #32, SARASOTA
Powder Bath - 500 S PALM AVE #32, SARASOTA
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Primary Bedroom Entrance - 500 S PALM AVE #32, SARASOTA
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1st Primary Closet - 500 S PALM AVE #32, SARASOTA
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2nd Primary Closet - 500 S PALM AVE #32, SARASOTA
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2nd Bedroom - 500 S PALM AVE #32, SARASOTA
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3rd Bedroom - 500 S PALM AVE #32, SARASOTA
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Utility Room - 500 S PALM AVE #32, SARASOTA
Residence Front Door - 500 S PALM AVE #32, SARASOTA
On Floor Private Storage Room - 500 S PALM AVE #32, SARASOTA
Private 2 Car Garage - 500 S PALM AVE #32, SARASOTA
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Lobby Entrence - 500 S PALM AVE #32, SARASOTA
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78 photos

$2,895,000

500 S PALM AVE #32
SARASOTA, FL 34236
Listed by COLDWELL BANKER REALTY
Bedrooms
3
Bathrooms
4.5
Living area
3,315 sqft
Year built
2000

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.

Property details

MLS
Stellar MLS
MLS #
MFRA4710137
Property type
Condominium
Subdivision
TESSERA
Status
Active
Days on market
N/A
On market date
October 21, 2026
Stories
N/A
Total bathrooms
4.5
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

ElementaryCharter
SUNCOAST SCHOOL FOR INNOVATIVE STUDIES
0.98 mi away · Grades -1-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
144
Student:teacher ratio
10.3:1
District
SARASOTA
MiddleCharter
SARASOTA SCHOOL OF ARTS/SCIENCES
0.77 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
752
Student:teacher ratio
18.8:1
District
SARASOTA
HighCharter
SARASOTA MILITARY ACADEMY
0.87 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,251
Student:teacher ratio
13.9:1
District
SARASOTA

Walkability

Blended score for SARASOTA's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

96
Highly walkable
out of 100
EPA National Walkability Index
19.2 / 20 -- Most walkable
Google Places amenity density
95 / 100
Restaurants & cafes20
Grocery stores5
Parks20
Schools17
Transit stops20
Pharmacies1

Market position

How this listing compares to current activity in SARASOTA, from live MLS data.

On the market 0 days -- 170 fewer days than SARASOTA's current average of 170 days.
For reference, the median list price across 4,668 active listings in SARASOTA right now is $360,000.

Mortgage calculator

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Est. monthly payment
$17,584/mo
$579,000 down
$2,316,000 loan
Principal & interest$15,022
Property tax (est.)$2,413
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 2 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.