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$3,695,000

Active

340 S Palm Ave #101, Sarasota, FL 34236

3 beds · 4 baths · 3,636 sq ft

Listing courtesy of MICHAEL SAUNDERS & COMPANY · MLS# A4705841

Listed today

Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .

About this home

Virtually Staged. Exceptional scale and unobstructed Bay and Gulf views with southwest exposure, define this three-bedroom, four-bath home on the 10th floor of Sarabande’s south building. A double-door entry opens to a gracious foyer and beautifully proportioned interiors that live more like a sophisticated single-family home than a traditional condominium. Beyond the foyer, an expansive great room is framed by walls of glass showcasing sweeping waterfront vistas, while two terraces invite Bay breezes and spectacular sunsets. The well-appointed kitchen features Sub-Zero refrigeration, an induction cooktop, granite countertops, an oversized island and wood cabinetry, all complemented by magnificent water views. The kitchen flows seamlessly into a casual dining area and separate family room with floor-to-ceiling windows and direct terrace access. The primary suite is a private retreat with the rare luxury of separate his-and-her bathrooms and three generous walk-in closets. A dedicated study completes the thoughtfully designed floor plan. The unit conveys with 2 assigned parking spaces as well as a storage unit. Sarabande complements its premier location with an impressive collection of lifestyle and wellness amenities, further elevated by recent refinements including new elevators, a freshly painted exterior, and a thoughtfully updated lobby and common areas. Residents enjoy two pools, including a dedicated lap pool, a spa and steam room, a state of the art fitness center with a private space for personal massage services, and an outdoor grilling area for relaxed poolside enjoyment. A club room provides an inviting setting for social events, in addition to a board/conference room and two guest suites. Ideally positioned on coveted Palm Avenue, Sarabande is one of downtown Sarasota’s most established luxury addresses, distinguished by its substantial floor plans, waterfront setting and proximity to the city’s finest offerings. The Bayfront, Marina Jack, Main Street, acclaimed restaurants, galleries, theaters and boutiques are all just moments away, placing the very best of Sarasota just outside your door.

Facts

Property type
Condominium
Year built
1998
Living area
3,636 sqft
Water view
Yes
Private pool
No
Exposure
West
Furnished
Unfurnished
Flood zone
AE, X
CDD
No
55+ community
No
Annual taxes
$21,875/yr
Monthly fees
$4,022/mo
Listed
Sep 9, 2026
MLS #
A4705841

Virtual tour

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Estimate the monthly payment

Estimate by Lasbury Tracy Realty — not a loan offer

Starting figures for 340 S PALM AVE #101. Everything below is editable.

AssumptionNot a quoted rate. Ask a lender what you actually qualify for today.

From this listingThe seller's most recent annual tax bill as reported to the MLS. Your bill will differ — Florida reassesses on sale and homestead caps reset.

Editable estimateA placeholder, not a quote. On the Gulf Coast this is the line item most likely to be wrong: premiums swing on roof age, wind mitigation, elevation, and carrier appetite. Get a real quote before you rely on this number.

Starts at $0Deliberately zero until you enter a figure — we will not inflate a payment with a guess. Many homes here need it; ask us for the property's flood zone and the current policy's premium.

From this listingMonthly association fee as reported to the MLS. Confirm what it includes, and ask about special assessments.

AssumptionNot applied — your down payment is 20% or more.

Estimated total monthly payment

$27,608

$18,684 of that is principal & interest. 32% is taxes, insurance and fees — which is why those inputs matter more here than the rate does.

Principal & interest
$18,684
Property taxes
$1,823
Homeowners insurance
$3,079
Flood insurance
$0
HOA / condo fees
$4,022
Mortgage insurance (PMI)
$0
Total per month
$27,608

Over the life of the loan

Loan amount
$2,956,000
Down payment
$739,000
Total interest
$3,770,215
Principal + interest paid
$6,726,215
Paid off in
2056

Interest is the exact schedule total for a fixed-rate loan held to term and assumes no extra payments. Taxes, insurance and fees are not included in these lifetime figures because they change every year.

Calculated on this page from the figures above — nothing is sent anywhere and no lender is quoting you. Figures are estimates for planning only, not a pre-approval, commitment to lend, or a statement of the taxes and insurance you will actually be charged. Lasbury Tracy Realty Inc. is a real estate brokerage, not a lender or an insurance agent.

Take a tour

Pick a day that suits you — a licensed Lasbury Tracy agent confirms personally, usually within minutes. No account needed.

340 S Palm Ave #101, Sarasota, FL 34236

Listing courtesy of MICHAEL SAUNDERS & COMPANY · MLS# A4705841 · Active

How would you like to see it?
Which day?
What time of day?

In person · Fri, Oct 16 · Morning (9-12)

No account, no obligation. Prefer to talk? (941) 474-5585

Where this home is

Opens on aerial — on this coast the canal, the lot and the neighbours answer more questions than a street grid does.

Similar homes

Listing information is provided in part by Stellar MLS, as distributed by MLS GRID. Based on information submitted to the MLS as of Oct 15, 2026, 5:20 PM (ET). All data is obtained from various sources and may not have been verified by broker or MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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. Some IDX listings have been excluded from this website.

Lasbury Tracy Realty Inc. · [email protected]