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$1,399,000

500 Palm AVENUE UNIT 111, Sarasota, FL 34236

Closed114 days on market

Beds

Baths

Sq Ft

2,830 sq ft

Year Built

2000

Lot Size

—

Garage

About This Property

Brand new 11th floor of Tessera. Views of Sarasota bay, gulf, marina & sunsets! Wrap-around terrace, granite kitchen & 2-car enclosed garage. Floor - ceiling glass....... Close to it all:theatre, ga lleries, dining & more.

Property Overview

Property TypeResidential

Sub TypeCondominium

MLS #A150262

StatusClosed

Year Built2000

Total Rooms6

ConstructionBlock, Stucco

FacesEast

SubdivisionTessera

CountySarasota

Interior Features

InteriorCathedral Ceiling(s), Ceiling Fan(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments

FlooringCarpet, Marble

AppliancesDishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer

WindowsWindow Treatments

SecuritySecurity System Owned, Smoke Detector(s)

Exterior & Lot

ExteriorSliding Doors, Storage

Other StructuresStorage

ViewWater

Waterfront

WaterfrontYes

FeaturesBay/Harbor

Utilities

Parking

GarageYes (2 spaces)

HOA & Community

HOAYes

HOA Fee$428 / Monthly

Senior CommunityNo

Financial Details

List Price$1,399,000

Original Price$1,350,000

ZoningRMF

Parcel #2027145001

Directions

Palm Ave.

Location

500 Palm AVENUE UNIT 111, Sarasota, FL 34236

Listing Information

OfficeColdwell Banker Res R E

Schedule a Tour

Pick a Day

Preferred Time

Home Price

$1,399,000

Down Payment20% ($279,800)

Interest Rate6.75%

Loan Term

Principal & Interest$7,259

Property Tax (est.)$1,282

Insurance (est.)$150

Total Monthly$8,692

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Financing a Luxury Home

Specialized financing for this $1,399,000 property in Sarasota. Luxury purchases typically require jumbo or portfolio lending.

💎

Jumbo Loan

$139,900 Down

For homes exceeding conforming loan limits. Typically requires 10-20% down, strong credit, and reserves.

🎖️

VA Jumbo

$0 Down

VA-eligible borrowers can go above conforming limits with zero down in many cases.

🏦

Portfolio Loan

$209,850 Down

Held by the lender, not sold. Flexible terms for high-net-worth buyers with non-traditional income.

🔑

Bridge Loan

$279,800 Down

Short-term financing to buy before selling. Ideal for move-up buyers in competitive markets.

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. 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 last updated: September 15, 2015.