The ongoing transformation of Downtown Sarasota as a stylish housing market reminiscent of Miami Beach started with completion of the Savoy on Palm condominium tower in 2006. This structure not only introduced Sarasota home buyers to a new style of residential architecture but also to a new and luxurious way of life.

To say that the Savoy on Palm has achieved real estate success would be an understatement. This condominium was one of the few that was able to withstand the downturn of the housing market in 2008, and the value appreciation of its 24 units has been very solid over the last few years. As of late 2018, listings at the Savoy ranged between $2.2 and $4.5 million. Even the coziest unit offers more than 3,000 square feet under air conditioning; however, the real showstoppers are the penthouse units with four bedrooms, five bathrooms and more than 5,708 square feet of living space.

Everything about the Savoy portrays a sense of refinement; from the onyx stone floors to the Viking gas ranges and from the European kitchen cabinetry to the wraparound balcony views, life in this condo tower evokes a feeling of living like royalty. The rooftop terrace offers sweeping views of the Sarasota Bay, the Sarasota Keys and the skyline; residents are pampered with 24-hour concierge service, a heated swimming pool with a spa and cabanas, a state-of-the-art exercise center, an executive center, and lavish social lounges.

There is no shortage of suburban comforts within walking distance of the Savoy, starting with the scenic Bayfront Park, Marina Jack restaurant and the famous O’Leary’s Tiki Bar & Grill. Some of Sarasota’s best restaurants are in the vicinity: Selva, Louie’s Modern Kitchen, Caragiulo’s, and more. The trendy Five Points district is just a few blocks to the north, and this is where you can find a large Whole Foods Market. Driving to major attractions such as St. Armands Circle and Siesta Key Beach should take you less than 10 minutes from the Savoy.