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$375,000

1221 N PALM AVENUE UNIT 202, SARASOTA, FL 34236

Active138 days on market

Beds

1

Baths

1

Sq Ft

663 sq ft

Year Built

1924

Lot Size

0.49 acres

Garage

—

About This Property

Virtually Staged. Own a piece of downtown Sarasota history. Set along iconic Palm Avenue, the Frances Carlton is a 1924 Mediterranean Revival landmark listed on the National Register of HISTORIC Places, placing theaters, galleries, dining, and the marina nearby, while offering a sense of character and permanence rarely found today. This intimate boutique building of just 19 residences is thoughtfully maintained, with FULLY FUNDED RESERVES, completed Structural Integrity Inspection, and amenities including a private pool, garden areas, and gated assigned parking. This FULLY REMODELED second-floor residence has never been lived in since its renovation and offers a clean, modern interpretation of the building’s historic charm. With windows on three sides, a rare feature in condominium living, the home is filled with natural light throughout the day. The layout reflects its European-influenced design, with defined spaces, arched windows, and a sense of proportion setting it apart from more conventional layouts. The bright sunroom extends the living space and overlooks the pool below, ideal as a reading room, office, or quiet retreat. The residence offers one assigned, secured parking space. This is your opportunity to own a thoughtfully updated home in one of Sarasota’s most recognizable historic buildings, in a truly walkable downtown location. Don't let this one get away!

Property Overview

Property TypeResidential
Sub TypeCondominium
MLS #A4693884
StatusActive
Year Built1924
Stories3
Total Rooms6
ConstructionBlock, Stucco
RoofTile
FoundationBasement
FacesSouthwest
SubdivisionFRANCES CARLTON
CountySarasota
OwnershipCondominium

Interior Features

InteriorCeiling Fan(s), Solid Surface Counters, Stone Counters
FlooringLaminate, Tile
AppliancesDishwasher, Dryer, Range, Refrigerator, Tankless Water Heater, Washer
LaundryLaundry Closet
WindowsWood Frames
CoolingCentral Air
HeatingCentral

Exterior & Lot

ExteriorGarden, Outdoor Grill, Outdoor Shower, Rain Gutters, Sidewalk
Lot Size0.49 acres (21,549 sq ft)
Road SurfaceAsphalt, Concrete
ViewCity, Pool
0

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesCable Connected, Electricity Connected, Sewer Connected, Street Lights, Underground Utilities, Water Connected

Parking

GarageNo

HOA & Community

HOAYes
Senior CommunityNo

Financial Details

List Price$375,000
Original Price$425,000
Annual Taxes$4,361 (2025)
FinancingCash, Conventional, VA Loan
ZoningDTC
Parcel #2027041009

Schools

ElementaryAlta Vista Elementary
MiddleBooker Middle
HighBooker High

Directions

Driving Directions (I-75): From I-75, take Exit 195 for FL-72/Clark Rd and head west toward Sarasota. Continue on Clark Rd as it becomes Ringling Blvd. Turn right onto N Palm Ave. The Frances Carlton is located at 1221 N Palm Ave, on the left, just north of downtown Sarasota. Driving Directions (US-41): From US-41/Tamiami Trail, turn east onto Ringling Blvd. Turn left onto N Palm Ave and continue north. The Frances Carlton is located at 1221 N Palm Ave, on the left, just north of downtown Sarasota.

Location

1221 N PALM AVENUE UNIT 202, SARASOTA, FL 34236

Listing Information

OfficePREFERRED SHORE LLC
ListedMay 16, 2026

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Home Price

$375,000

20% ($75,000)
6.75%

Loan Term

Principal & Interest$1,946
Property Tax (est.)$344
Insurance (est.)$150
Total Monthly$2,440
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Nearby Schools

How to Buy This Home

Multiple financing options available for this $375,000 home in SARASOTA.

🎖️

VA Loan

$0 Down

Zero down for eligible veterans, active duty, and military families.

🏦

Conventional

$18,750 Down

Traditional financing. As low as 3-5% down with good credit.

Florida Down Payment Assistance Programs

You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.

Florida Hometown Heroes

Up to $35,000

First-time buyers working in FL

FL Assist

Up to $10,000

FHA, VA, or USDA borrowers

FL HLP Second Mortgage

Up to $10,000

First-time buyers, 0% deferred

Sarasota County SHIP

Varies

Income-qualifying Sarasota residents

Can You Afford This Home?

Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.

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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: October 9, 2026.

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