340 S PALM AVE #152
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$3,750,000

340 S PALM AVE #152
SARASOTA, FL 34236
Listed by Roger Pettingell · COLDWELL BANKER REALTY
Bedrooms
3
Bathrooms
2.1
Living area
3,182 sqft
Year built
1998

About this home

Perched above the vibrant cityscape of downtown Sarasota, this exquisite penthouse at Sarabande offers an unrivaled combination of luxury, panoramic views, and seamless indoor-outdoor living. Spanning nearly 3,200 square feet, this residence is designed to capture breathtaking sunsets and sweeping vistas of Sarasota Bay, the marina, and the Gulf of Mexico. Floor-to-ceiling glass invites plenty of natural light, highlighting sophisticated finishes and an open layout. Arrive at the residence’s private elevator lobby, where double doors open into a grand living space. Warm hardwood flooring runs throughout, creating a seamless transition between the living, dining, and kitchen areas. Custom built-ins, designer lighting, and sleek architectural details enhance the ambiance, while unobstructed water views provide a stunning backdrop in every room. The chef’s kitchen is thoughtfully designed with granite countertops, custom cabinetry, breakfast bar, central island with a stainless-steel cooktop, and top-tier appliances. A pass-through connects this gourmet space to the dining area, ensuring effortless entertaining. Just off the kitchen, an inviting informal dining space offers a front-row seat to Sarasota’s dynamic skyline and bayfront activity. The primary suite is an oasis of relaxation, featuring a private vestibule that leads to a spacious bedroom retreat with direct access to the den and main terrace. His-and-her custom walk-in closets provide ample storage, while the spa-inspired bathroom showcases marble finishes, a soaking tub, dual vanities, and a glass-enclosed shower. Positioned on the opposite side of the residence for maximum privacy, the guest bedroom offers a serene setting with its own sitting area, private terrace access, and en-suite bath. A separate office (3rd bedroom) complete with custom built-ins and large windows framing city views, serves as a versatile space that can easily be converted into a third bedroom suite. Designed for seamless indoor-outdoor living, this penthouse features an oversized terrace that extends the full length of the residence and an east-facing terrace, providing multiple seating areas to enjoy Sarasota’s tropical climate and bay breezes. Secure, under-building parking includes two spaces for this penthouse, along with additional climate-controlled storage. Sarabande is a sought-after downtown community that offers an unparalleled lifestyle, with resort-style amenities and world-class services. Residents enjoy the convenience of concierge and security services. The heated lap pool and spa provide a tranquil escape, while a separate kids’ pool offers a family-friendly retreat. The state-of-the-art fitness center, complete with a juice bar and high-end equipment, caters to those who appreciate wellness and an active lifestyle. Updated social rooms with a catering kitchen serve as an ideal gathering space for events and private entertaining. For visiting guests, the community offers on-site guest suites, ensuring comfort and convenience for overnight visitors. Situated in the heart of downtown Sarasota, this prime location places you just steps from the city’s finest dining, shopping, and cultural attractions. A short drive across the John Ringling Bridge leads to St. Armands Circle. Beyond St. Armands, Lido Key Beach and Longboat Key offer white sandy shores, world-class golf, and access to the Gulf’s turquoise waters.

Property details

MLS #
MFRA4639483
Property type
Condominium
Subdivision
SARABANDE
Status
Active
Days on market
1
On market date
February 11, 2025
Stories
N/A
Garage spaces
2
Lot size
1.29 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

ElementaryCharter
SUNCOAST SCHOOL FOR INNOVATIVE STUDIES
1.06 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
0.67 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
0.79 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

Mortgage calculator

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Est. monthly payment
$22,733/mo
$750,000 down
$3,000,000 loan
Principal & interest$19,458
Property tax (est.)$3,125
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated February 12, 2025.

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.