65 S Palm Ave 1503, Sarasota, FL 34236 — MLS photo

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65 S Palm Ave 1503, Sarasota, FL 34236

Active · Condominium

$8,275,000

65 S Palm Ave 1503, Sarasota, FL 34236

Beds
4
Baths
5
Living area
3,734 sq ft
$ / sq ft
$2,216/sq ft
Year built
2028
Lot size
—
HOA fee
$4,279
Annual tax
—

About this property

New Construction. To Be Built. Introducing the West Coast of Florida’s most distinctive new condominium offering: the reimagined Mira Mar. For the first time in over a century, Sarasota’s legendary 1922 landmark is being renewed by Seaward Development, blending its storied past with modern elegance. The new Mira Mar presents 2 refined towers that unite timeless architecture with contemporary design. A limited collection of expansive, estate-style residences will offer sweeping bay & city views, exceptional craftsmanship, & the best of urban coastal living. With nearly 400 ft along South Palm Avenue, residents enjoy effortless access to Sarasota’s cultural venues, fine dining, upscale shops, & waterfront experiences. This residence features 4 en-suite bedrooms, a spacious den, and 2 private terraces showcasing panoramic views—including a 12 x 18 west-facing terrace for sunsets, an alfresco kitchen terrace with built-in grill, & an east-facing terrace overlooking the city skyline. Designed for those who value true craftsmanship & elevated comfort, each element has been thoughtfully curated with intention. Amenities include 24-hour concierge, complimentary valet, a resort-style pool & hot tub, spa-inspired locker rooms with steam, sauna, & therapy pool, plus a Sports Lounge with golf simulator & putting green. The Garden Room & Terrace offer serene gathering spaces, while the Penthouse-level Sky Speakeasy Lounge provides an exclusive retreat with captivating bay & sunset views.

Property location

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65 S Palm Ave 1503, Sarasota, FL 34236

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Facts & features

Interior

Bedrooms
4
Bathrooms
5
Living area
3,734 sq ft

Exterior & Structure

Property type
Condominium
Year built
2028

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$4,279
County
Sarasota
MLS listing ID
A11933535
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$34,907

Cap rate
0.6%
Net yield
0.6%
Cash-on-cash return
-18.1%
Gross yield
4.3%
Mortgage payment
$39,228/mo
Down payment
$2,068,750
Loan amount
$6,206,250
Annual NOI
$51,854

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.