65 S Palm Ave 1205, Sarasota, FL 34236 — MLS photo

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65 S Palm Ave 1205, Sarasota, FL 34236

Active · Condominium

$6,475,000

65 S Palm Ave 1205, Sarasota, FL 34236

Beds
3
Baths
4
Living area
3,302 sq ft
$ / sq ft
$1,961/sq ft
Year built
2028
Lot size
—
HOA fee
$3,768 Monthly
Annual tax
$208,505

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 3 en-suite bedrooms, a spacious den, and 2 private terraces showcasing panoramic views—including a 20 x 12 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 1205, Sarasota, FL 34236

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Facts & features

Interior

Bedrooms
3
Bathrooms
4
Living area
3,302 sq ft
Flooring
Hardwood, Wood
Appliances
Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central, Electric, Heat Pump
Interior features
Dual Sinks, Elevator, Other
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
2028
Stories
18
Architectural style
Other
Construction
Block, Stucco
Exterior features
Balcony, Courtyard, Storm Security Shutters
Pool
Association, Heated
View
City, Water

Parking

Garage spaces
2
Covered spaces
2
Parking features
Assigned, Attached, Covered, Garage, Guest, On Street, Valet

HOA, Community & Financials

Association fee
$3,768 Monthly
Fee inclusions
Amenities, Cable Tv, Insurance, Internet, Maintenance Structure, Pools, Recreation Facilities, Reserve Fund
Amenities
Business Center, Clubhouse, Community Kitchen, Elevators, Fitness Center, Library, Barbecue, Picnic Area, Playground, Pool, Putting Greens, Tennis Courts, Vehicle Wash Area
Security
Elevator Secured, Key Card Entry, Other
Pets allowed
Conditional, Yes
Annual tax
$208,505
Subdivision
MIRA MAR
County
Sarasota
Days on market
103
MLS listing ID
A11933548
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

-$34,240

Cap rate
-0.7%
Net yield
-0.7%
Cash-on-cash return
-22.7%
Gross yield
4.4%
Mortgage payment
$30,695/mo
Down payment
$1,618,750
Loan amount
$4,856,250
Annual NOI
-$42,546

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