500 S Palm Ave E, known as Tessera, is located in downtown Sarasota. This high-rise building has 15 stories and consists of 18 condominium units. Construction finished in 2000. Unit sizes range from 2,830 to 5,000 square feet. The building offers 2 and 3-bedroom options.
Prices for these units range from $3,330,000 to $3,425,000. The average closed price over the past year is $2,550,000, with an average price per square foot at $832. The lowest sold price in the last year was about $2,400,000. Units typically spend around 125 days on the market.
Tessera offers various amenities for a comfortable lifestyle. The building has a heated lap pool, spa, and a newly renovated fitness center. A grilling area and outdoor sun deck add extra space for relaxation. Each unit has floor-to-ceiling windows and expansive wrap-around balconies.
Residents enjoy panoramic views of Sarasota Bay, the Gulf of Mexico, and downtown Sarasota. This building is not far from shopping, dining, and attractions like Sarasota Bayfront Park and Selby Gardens. The community is pet-friendly and has features that enhance privacy.
The location provides good access to scenic routes and nearby beaches. Sidewalks and streetlights enhance the neighborhood feel. Parking includes private two-car garages for easy convenience. Overall, Tessera combines luxury living with a vibrant downtown atmosphere.
500 S Palm Ave E, known as Tessera, is located in downtown Sarasota. This high-rise building has 15 stories and consists of 18 condominium units. Construction finished in 2000. Unit sizes range from 2,830 to 5,000 square feet. The building offers 2 and 3-bedroom options.
Prices for these units range from $3,330,000 to $3,425,000. The average closed price over the past year is $2,550,000, with an average price per square foot at $832. The lowest sold price in the last year was about $2,400,000. Units typically spend around 125 days on the market.
Tessera offers various amenities for a comfortable lifestyle. The building has a heated lap pool, spa, and a newly renovated fitness center. A grilling area and outdoor sun deck add extra space for relaxation. Each unit has floor-to-ceiling windows and expansive wrap-around balconies.
Residents enjoy panoramic views of Sarasota Bay, the Gulf of Mexico, and downtown Sarasota. This building is not far from shopping, dining, and attractions like Sarasota Bayfront Park and Selby Gardens. The community is pet-friendly and has features that enhance privacy.
The location provides good access to scenic routes and nearby beaches. Sidewalks and streetlights enhance the neighborhood feel. Parking includes private two-car garages for easy convenience. Overall, Tessera combines luxury living with a vibrant downtown atmosphere.
Description
500 S Palm Ave E, known as Tessera, is located in downtown Sarasota. This high-rise building has 15 stories and consists of 18 condominium units. Construction finished in 2000. Unit sizes range from 2,830 to 5,000 square feet. The building offers 2 and 3-bedroom options.
Prices for these units range from $3,330,000 to $3,425,000. The average closed price over the past year is $2,550,000, with an average price per square foot at $832. The lowest sold price in the last year was about $2,400,000. Units typically spend around 125 days on the market.
Tessera offers various amenities for a comfortable lifestyle. The building has a heated lap pool, spa, and a newly renovated fitness center. A grilling area and outdoor sun deck add extra space for relaxation. Each unit has floor-to-ceiling windows and expansive wrap-around balconies.
Residents enjoy panoramic views of Sarasota Bay, the Gulf of Mexico, and downtown Sarasota. This building is not far from shopping, dining, and attractions like Sarasota Bayfront Park and Selby Gardens. The community is pet-friendly and has features that enhance privacy.
The location provides good access to scenic routes and nearby beaches. Sidewalks and streetlights enhance the neighborhood feel. Parking includes private two-car garages for easy convenience. Overall, Tessera combines luxury living with a vibrant downtown atmosphere.
500 S Palm Ave E Key Stats Last 12 months
Avg. Listed Price$2,747,450($894/Sqft.)
Avg. Sale Price$2,550,000($832/Sqft.)
Year over year list price14.01%
Year over year sale price12.82%
Total Listings2 Listed
Total sold2 Sold
Average Days on Market125 days
Average HOA fees per sqft-
Key Stats
Year over year list price14.01%
Year over year sale price12.82%
Total Listings2 Listed
Total sold2 Sold
Average Days on Market125 days
Average HOA fees per sqft-
Glen Gardens Estate Availability & Demand
Unit Availability
-
High availability buildings list units frequently.
Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.
Unit Demand
Low
Units in high-demand buildings sell quicker.
Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.
This condo building offers many amenities that make life enjoyable. Stroll along the sidewalks and enjoy the street lights at night. Stay active in the fitness center or unwind in the spa and hot tub. You can also take a dip in the inviting pool or relax in the sauna after a long day. For those who enjoy outdoor activities, there are boat facilities nearby. Elevators make it easy to navigate the building, while maintenance services ensure everything runs smoothly. You'll also appreciate the convenience of cable TV for your entertainment needs.
Amenities Description
This condo building offers many amenities that make life enjoyable. Stroll along the sidewalks and enjoy the street lights at night. Stay active in the fitness center or unwind in the spa and hot tub. You can also take a dip in the inviting pool or relax in the sauna after a long day. For those who enjoy outdoor activities, there are boat facilities nearby. Elevators make it easy to navigate the building, while maintenance services ensure everything runs smoothly. You'll also appreciate the convenience of cable TV for your entertainment needs.
Parking
Locker
Concierge
Elevator(s)
Central AC
Pool
Fitness Center
Visitors Parking
Amenities
Elevator(s)
Fitness Center
Pool
Security
Fire Alarm
Security System
Spa/Hot Tub
Sauna
Storage
Balcony
Smoke Detector(s)
Policies
Living in this building comes with clear and friendly policies. There are restrictions on the number of occupants for each unit. If you have pets, you are in luck. Both cats and dogs are allowed, but size limits apply. Keeping a well-behaved pet is part of maintaining a pleasant living environment for everyone. Security is important, so a lobby key is required for access. This keeps the building safe and welcoming for all residents. Overall, the policies focus on comfort and community in this lovely condo building.
Amenities Description
Living in this building comes with clear and friendly policies. There are restrictions on the number of occupants for each unit. If you have pets, you are in luck. Both cats and dogs are allowed, but size limits apply. Keeping a well-behaved pet is part of maintaining a pleasant living environment for everyone. Security is important, so a lobby key is required for access. This keeps the building safe and welcoming for all residents. Overall, the policies focus on comfort and community in this lovely condo building.
Pet Allowed
BBQ Permitted
Sublet Allowed
Short-term Rental Allowed
Compare with Buildings in the Neighbourhood (Last 12 Months)
Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby
Building Name
Avg price per square foot
AVG HOA FEE per square foot (Monthly)
500 S Palm Ave E
$832/sqft.
-
Nearby Schools
Sarasota School of Arts/Sciences
B+
Public|Grades 6–8
717 Central Ave|0.78 miles away
Sarasota Military Academy
C-
Public|Grades 6–12
801 N Orange Ave|0.87 miles away
Sarasota High School
C
Public|Grades 9–12
2155 Bahia Vista S...|1.02 miles away
Agape Christian School of Sarasota
--
Private|Grades KG–12
150 N Shade Ave|1.3 miles away
Alta Vista Elementary School
B-
Public|Grades PK–5
1050 S Euclid Ave|1.41 miles away
Children First
--
Public|Grades PK–PK
1723 N Orange Ave|1.48 miles away
Schools
What to know about schools
Description
Sarasota School of Arts/Sciences
B+
Public|Grades 6–8
717 Central Ave|Less than 1 Mile Away
Sarasota Military Academy
C-
Public|Grades 6–12
801 N Orange Ave|Less than 1 Mile Away
Sarasota High School
C
Public|Grades 9–12
2155 Bahia Vista S...|1.02 Miles Away
Agape Christian School of Sarasota
--
Private|Grades KG–12
150 N Shade Ave|1.30 Miles Away
Alta Vista Elementary School
B-
Public|Grades PK–5
1050 S Euclid Ave|1.41 Miles Away
Children First
--
Public|Grades PK–PK
1723 N Orange Ave|1.48 Miles Away
Hershorin Schiff Day Schools of Tomorrow Inc Dba C
This neighborhood indicates a good mix of people which makes it a good place for families. About 5.78% are children aged 0–14, 12.5% are young adults between 15–29, 16.51% are adults aged 30–44, 16.9% are in the 45–59 range and 48.31% are seniors aged 60 and above.
Commuting options are also varying where 71.84% of residents relying on driving, while others prefer public transit around 3.43%, walking around 3.62%, biking around 0.38%, allowing residents to choose travel modes that best fit their daily routines.
Most homes in the area are with 51.91% of units are rented and 48.09% are owner occupied.
The neighborhood offers different household types. About 6.22% are single family homes and 0.87% are multi family units. Around 54.54% are single-person households, while 45.46% are multi person households. This mix works well for families, roommates, and individuals.
Education levels in the neighborhood vary widely where 27.69% of residents have bachelor’s degrees. Around 15.47% have high school or college education. Another 9.32% hold diplomas while 23.98% have completed postgraduate studies. The remaining are 23.54% with other types of qualifications.
Demographics Description
This neighborhood indicates a good mix of people which makes it a good place for families. About 5.78% are children aged 0–14, 12.5% are young adults between 15–29, 16.51% are adults aged 30–44, 16.9% are in the 45–59 range and 48.31% are seniors aged 60 and above.
Commuting options are also varying where 71.84% of residents relying on driving, while others prefer public transit around 3.43%, walking around 3.62%, biking around 0.38%, allowing residents to choose travel modes that best fit their daily routines.
Most homes in the area are with 51.91% of units are rented and 48.09% are owner occupied.
The neighborhood offers different household types. About 6.22% are single family homes and 0.87% are multi family units. Around 54.54% are single-person households, while 45.46% are multi person households. This mix works well for families, roommates, and individuals.
Education levels in the neighborhood vary widely where 27.69% of residents have bachelor’s degrees. Around 15.47% have high school or college education. Another 9.32% hold diplomas while 23.98% have completed postgraduate studies. The remaining are 23.54% with other types of qualifications.
Age Demographics
5.78%(0 - 14 years old)
12.5%(15 - 29 years old)
16.51%(30 - 44 years old)
16.9%(45 - 59 years old)
48.31%(60+ years old)
Commute
3.43%
Transit
3.62%
Walk
71.84%
Drive
0.38%
Bike
Housing Ownership
48.09%
Owner Occupied
51.91%
Rental Units
Household Types
6.22%
Single Family
0.87%
Multi Family
54.54%
Single Person
45.46%
Multi Person
Education
Bachelors Degree27.69%
High School College15.47%
Diploma9.32%
Post Graduate23.98%
Others23.54%
Education
Diploma9.32%
Post Graduate23.98%
Others23.54%
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