Sarasota, FL
Tessera
Twenty-four residences over 15 floors at 500 South Palm Avenue, completed in 2000. Fifteen floors and twenty-four homes puts most residences on their own half-floor, on the Palm Avenue side of downtown within a block of the bayfront.
Home Types
Downtown condominium
HOA (Yearly) Est.
$34,600
CDD (Yearly) Est.
None
Flood Zone
X
Fee estimates may vary by lot size and sub-association. View all community fees →
Community size
24
homes
community record
24
completed homes on the county roll
Sarasota County property appraiser roll, read October 2026
25
recorded residential lots
Sarasota County property appraiser roll, read October 2026
How Tessera compares
From the county records
$2,925,000
Median of 4 recorded sales since October 2023, the middle eighty percent between $2,400,000 and $3,075,000.
38%
Of the 24 matched residential units here claim a homestead exemption, which reads as a mix of homes claimed as a permanent residence and homes that are not.
Newest completion recorded 2000. The roll records no completions here in the last three years. Most of what trades is resale, though an absence of recent completions is not by itself proof a community is closed to new building.
Arm’s-length sales recorded with Sarasota County, read October 2026. Quitclaims, foreclosures, family transfers and pre-construction sales are excluded. Homestead requires the property to be a permanent residence, so the share carrying one is reported here as a share of matched residential units rather than as a count of who lives here. Homestead is a tax filing, not an occupancy count. A rented home can house full-time residents and will never carry the exemption, and an owner who lives here but never filed does not appear in it either. Read it as what share of matched residential units claim the exemption, not as who lives here.
At an estimated $34,600 a year in combined HOA and CDD, Tessera sits about 153% above the Sarasota median of $13,676, ranking 72 of the 90 Sarasota communities whose fees this site tracks. There is no CDD assessment here, which is what keeps that figure down.
Estimates from the same dataset behind the fee pages and the True Cost Index. Fees vary by lot size and sub-association, and change with each budget.
Governing Documents
HOA & community documents for Tessera
0 documents published by the association and linked to the page each one lives on. Nothing is copied here, so you read whatever they publish today.
Tessera Condo Assn Inc
Condominium associationMatched to Tessera because: Florida’s register of condominiums records this association as the managing entity of Tessera, a condominium in Sarasota County, and the unit count agrees EXACTLY, 24 against 24. THE COUNT IS THE GATE, NOT THE PROOF. Three other candidates in this batch had an agreeing count and were still refused: Isles of Sarasota matched Harbor Isles on the word Isles alone, Bay Point matched Vista Bay Point which this site lists separately, and St. Armands matched a four-unit building called St Armands Place. The name has to mean the same thing as well.
Who to contact
- Contact role
- Condominium association; the state register names it as the managing entity
No individual officer, director or manager is listed here. The register names the managing corporation; the current board is a matter for the association or Sunbiz.
Board members and officers are not listed here. They change often, and their names are on the association’s own records and in the state’s corporate filings, which is where they should be read from rather than from a page that cannot keep up.
Tessera Condo Assn Inc
No public documents have been located for this association yet.
Nothing found is not the same as nothing in force. Every community in Florida with an association has governing documents; this says only that they have not been found in a public place.
The governing body is known and nothing it publishes is public. That is a gap in what has been published, not evidence that the community has no restrictions. This list records what has been found in public, not everything that governs the property. Before an offer I pull the full document set for the specific address along with the association’s budget and financials.
The full document directory →Thinking about Tessera?
I'll send current listings and pricing in Tessera, line up private showings, and give you an honest read on value, HOA/CDD costs, and resale before you commit, no pressure, no obligation.
Prefer to pick a time instead? Schedule a consult
Tessera FAQ
What kind of homes are in Tessera?+
Tessera offers downtown condominium. Attached homes carry an association that maintains the building itself, so the fee covers more than it would on a single-family home and the association's reserves matter to you directly. What a specific home includes, and what the association maintains, is set out in that community's documents and is worth reading before an offer rather than after.
What have homes in Tessera actually sold for?+
4 arm's-length sales have been recorded in Tessera since October 2023, at a median of $2,925,000. The middle eighty percent of those sales fell between $2,400,000 and $3,075,000, which is a better guide to the range than the extremes. These are prices recorded with Sarasota County, not asking prices, so they describe what buyers and sellers actually agreed. Figures read October 2026; quitclaims, foreclosures and family transfers are excluded.
Do people live in Tessera year round?+
38% of the 24 matched residential units in Tessera claim a homestead exemption, which Florida grants only on an owner's permanent residence, read from the Sarasota County roll in October 2026. That reads as a mix of homes claimed as a permanent residence and homes that are not. Homestead is a tax filing, not an occupancy count. A rented home can house full-time residents and will never carry the exemption, and an owner who lives here but never filed does not appear in it either. Read it as what share of matched residential units claim the exemption, not as who lives here.
Is Tessera still being built?+
The most recent home the county records in Tessera was completed in 2000, across 25 platted parcels of which 24 carry a finished home. The county records no completions in Tessera in the last three years, so what trades is resale. An absence of recent completions is not by itself proof that no further building is permitted. Build year matters more in Florida than buyers expect, because insurers weight roof age heavily and it drives what a property costs to carry rather than just what it costs to buy.
Does Tessera have an HOA or CDD fee?+
Tessera has an HOA fee estimated at $34,600 yearly, and the fee data for this community records no CDD assessment. A community development district bills through your property taxes rather than through the association, and its assessment can carry two separate components: debt service, which repays the bonds that funded roads, drainage and amenities, and an operations and maintenance charge, which does not end with the bonds. A community without a district avoids both as currently assessed. Figures are estimates, assessments are set annually, and both vary by home and phase, so confirm them for the specific address before relying on them.
What flood zone is Tessera in?+
The flood zone recorded for Tessera is X. Zones beginning A or V are the higher-risk categories, where a federally backed mortgage generally requires flood insurance, while zone X is lower risk and coverage is usually optional. Flood zone is assigned per property rather than per community though, and elevation can change both the requirement and the premium substantially, so get the zone and the elevation certificate for the exact address rather than relying on a community-level figure.
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