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$8,275,000

65 S PALM AVENUE UNIT 1503, SARASOTA, FL 34236

Active298 days on market

Beds

4

Baths

5

Sq Ft

3,855 sq ft

Year Built

2026

Lot Size

1.50 acres

Garage

2

About This Property

Under Construction. The last great address on Palm Avenue. Introducing the West Coast of Florida’s most distinctive and extraordinary new condominium offering. For the first time in over a century, the legendary Mira Mar is being reimagined. Originally established in 1922, this iconic South Palm Avenue landmark—home to Sarasota’s first hotel, graceful residences, and refined boutiques—was once the city’s most coveted address. Today, Seaward Development, Sarasota’s premier luxury developer, is breathing new life into this cherished property, blending its storied past with modern elegance to create a timeless residential masterpiece. The all-new Mira Mar will showcase two sophisticated condominium towers that unite classic architecture with contemporary refinement. A limited collection of expansive residences—each designed to live like a private home—will offer breathtaking bayfront and city views, world-class design, and the ultimate in urban coastal living. Perfectly positioned along nearly 400 feet of South Palm Avenue frontage, residents will enjoy walkable access to Sarasota’s cultural destinations, fine dining, upscale shopping, and waterfront experiences—all just steps from their front door. Indulge in the ultimate coastal lifestyle with this premier corner estate-style residence offering panoramic views of Sarasota Bay, the John Ringling Bridge, and the outer islands leading to the Gulf. Step inside through your private elevator foyer to discover an open, elegantly designed layout that blends luxury and comfort. The chef-inspired kitchen is ideal for entertaining, featuring a scullery, premium appliances, and access to a private terrace with a built-in summer kitchen. With three en-suite bedrooms and an oversized den with a full bath, there’s ample space for guests to relax in privacy. The highlight of this exceptional home is the expansive 28' x 12' west-facing terrace—perfect for enjoying Sarasota’s breathtaking sunsets over the bay. Mira Mar residents will enjoy a collection of exceptional amenities designed for the most discerning lifestyles. These include 24-hour concierge, complimentary valet service, a resort-style pool and hot tub, and spa-inspired locker rooms featuring steam, sauna, and a therapy pool. The Sports Lounge offers a golf simulator and putting green, while the Garden Room and Terrace provide serene spaces for relaxation and social gatherings. Crowning it all is the exclusive Sky Speakeasy Lounge—a resident-only retreat located on the Penthouse level with captivating bay and sunset views, perfect for unwinding or entertaining in style. A true expression of coastal luxury and downtown sophistication, Mira Mar represents a once-in-a-lifetime opportunity to live in a reimagined piece of Sarasota history—that began in 1922 where timeless architecture, impeccable craftsmanship, and an unmatched Palm Avenue location create the city’s most distinguished new address for a select few.

Property Overview

Property TypeResidential
Sub TypeCondominium
MLS #A4675108
StatusActive
Year Built2026
Stories18
Total Rooms10
ConstructionBlock, Concrete, Stucco
RoofConcrete, Membrane, Tile
FoundationOther
FacesWest
SubdivisionMIRA MAR
CountySarasota
OwnershipCondominium
New ConstructionYes

Interior Features

InteriorElevator, High Ceilings, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s)
FlooringPorcelain Tile, Hardwood
AppliancesBuilt-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
LaundryElectric Dryer Hookup, Inside
WindowsAluminum Frames, Insulated Windows, Low-Emissivity Windows
CoolingCentral Air
HeatingCentral, Electric, Heat Pump
SecurityFire Alarm, Fire Sprinkler System, Key Card Entry, Security Gate, Smoke Detector(s)

Exterior & Lot

ExteriorBalcony, Courtyard, Dog Run, Lighting, Outdoor Grill, Outdoor Kitchen, Sliding Doors, Storage
Lot Size1.50 acres (60,519 sq ft)
Lot FeaturesCity Lot, Landscaped, Near Marina, Sidewalk
Road SurfaceAsphalt
ViewCity, Pool, Water

Pool & Spa

Private PoolYes
Pool FeaturesDeck, Gunite, Heated, In Ground, Lap, Lighting, Tile
SpaHeated

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesBB/HS Internet Available, Cable Available, Electricity Available, Natural Gas Available, Street Lights, Underground Utilities

Parking

GarageYes (2 spaces)

HOA & Community

HOAYes
Senior CommunityNo

Financial Details

List Price$8,275,000
Annual Taxes$208,505 (2024)
Parcel #9999999999

Schools

ElementarySouthside Elementary
MiddleBooker Middle
HighSarasota High

Directions

Visit our showroom at 1258 N Palm Avenue, Sarasota, FL 34236. Free parking in our driveway.

Location

65 S PALM AVENUE UNIT 1503, SARASOTA, FL 34236

Listing Information

OfficeCOLDWELL BANKER REALTY
ListedDecember 12, 2025

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Home Price

$8,275,000

20% ($1,655,000)
6.75%

Loan Term

Principal & Interest$42,937
Property Tax (est.)$7,585
Insurance (est.)$150
Total Monthly$50,673
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Nearby Schools

Financing a Luxury Home

Specialized financing for this $8,275,000 property in SARASOTA. Luxury purchases typically require jumbo or portfolio lending.

💎

Jumbo Loan

$827,500 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

$1,241,250 Down

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

🔑

Bridge Loan

$1,655,000 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: July 2, 2026.

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