500 S Palm Avenue Unit 31, Downtown, FL 34236

$2,400,000
3
BD
4
BA
2,830
SqFt

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Sold Price
$2,400,000
List Price
$2,495,000
Closing Date
Apr 23, 2026
MLS#
A4671352
Type
Condo
Property Style
Condo
Bedrooms
3
Bathrooms
4
Living Area
2,830
Subdivision
Tessera
Year Built
2000

Property Description

Spectacular Bay, Downtown, John Ringling Bridge views and glorious sunsets are yours in this sophisticated 3 bedroom, 3.5 bath Downtown Sarasota residence in the exclusive Tessera condominium, providing a distinguished lifestyle and easy access to all that Sarasota has to offer. Exceeding the highest standards of design, form and function, numerous updates and features offer convenience and refined style and this exceptional home blends the privacy and scale of a single-family residence with the ease and amenities of luxury condominium living. Enter the home through the beautifully appointed double-door foyer, framed by a circular tray ceiling, bespoke chandelier, and gallery-style walls ideal for art and sculpture. The walls of glass bestow best-in-class panoramic views while thoughtful finishes; warm luxury vinyl plank flooring, chic Mica wallpaper, designer lighting, and a fresh coastal palette set a tone of understated sophistication. Walk into the expansive main living area, where floor-to-ceiling sliders optimize Bay views and effortlessly connect to a flexible sitting area—perfect for relaxing, watching the game, or opening to the main space for larger gatherings. The elegant dining area offers stunning Bay vistas that elevate every meal. The kitchen is both functional and inviting, showcasing stone countertops, a double-door refrigerator, dual wall ovens, a large pantry, abundant cabinetry, and a convenient pass through to the dining area. Enter the sprawling primary suite, a private retreat enhanced by its own terrace and a reimagined layout providing his-and-hers bathrooms, dual vanities, two generous walk-in closets, soaking bathtub and a shared marble-and-glass surround shower. Floor-to-ceiling windows frame treetop and Bay views, creating a serene environment from sunrise to sunset. The additional bedrooms offer comfort and privacy, including a guest suite with ensuite bathroom and terrace access, and a second guest bedroom currently serving as a sophisticated office with custom wood built-ins and tailored desk. The convenient guest bath features custom wallpaper and the large laundry room features a brand-new full-size washer and dryer. Solid-core paneled doors, on trend gold hardware, new lighting from Franklin Lighting, and ample storage throughout enhance the home’s effortless livability. Step onto the two sprawling wrap-around terraces—quiet, private, and designed for year-round enjoyment—ideal for dining, lounging, or entertaining among mature live oak canopies or taking in sweeping Bay views and world class sunsets. A rare, oversized private two-car garage with built-in shelving and electrical outlet, an on-floor storage room, and all building water detection system further elevate convenience. Tessera offers exceptional privacy with only two residences per floor and no shared common walls. Amenities include a heated 60-foot pool with sun deck, whirlpool spa, and state-of-the-art fitness center —all fully updated in 2024, along with the lobby and community spaces redesigned by JKL Design. The pet friendly building also offers a grilling area and bicycle storage. Located in the heart of Sarasota’s downtown, just steps from Main Street, Burns Court, the Bayfront, and Selby Gardens, Tessera offers an unparalleled blend of luxury and convenience.

Additional Information

Condo Maint. Fee
$8650
Condo Maint. Fee Schedule
Quarterly
Community Features
Association Recreation - Owned, Buyer Approval Required, Fitness Center, Pool, Street Lights, No Deed Restriction
Style
One Story
Exterior Construction
Block, Stucco
Mnthly. Maint. Incl.
Cable TV, Pool, Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Recreational Facilities, Security, Sewer, Trash, Water
Interior
Built-in Features, Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
Interior Features
Built-in Features, Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
Appliances
Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer, Water Filtration System
Exterior
Balcony, Lighting, Sliding Doors, Storage
Roof
Membrane
High School
Sarasota High
Middle School
Booker Middle
Elementary School
Southside Elementary
Extra Rooms
Den/Library/Office
Located Near
City Limits, Near Marina, Near Public Transit, Sidewalk
Utilities
BB/HS Internet Available, Cable Connected, Public, Sewer Connected, Water Connected
Garage
Deeded, Garage Door Opener, Guest, Basement
Floor
Luxury Vinyl, Marble
Heating
Central, Zoned
Cooling
Central Air, Zoned
Pool
Yes
Pool Type
Community
Water
Bay View, Bay Front
Water View
Yes

Listing courtesy of MICHAEL SAUNDERS & COMPANY. Selling Office: MICHAEL SAUNDERS & COMPANY.

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