33 S Palm AVENUE #1501, SARASOTA, FL
$ 6,750,000
Property Attributes
  • MLS#A4596347
  • TypeCondos
  • CountySARASOTA
  • AreaSarasota
  • NeighborhoodThe Demarcay
  • Zip34236
  • StyleCondominium
  • Year Built2023
  • Taxes$ 3
  • Price$ 6,750,000
  • Bedrooms3
  • Full Bathrooms3
  • Half Bathrooms1
  • Sqr Footage3407
Data Source:
Stellar MLS
Property Description

Under Construction. A rare opportunity to own a new construction condominium ready to deliver this Summer (2024). The DeMarcay is an 18-story boutique condominium of only 39 residences located on the highly sought-after South Palm Avenue in the heart of downtown Sarasota. Enjoy panoramic views of Sarasota Bay, Ringling Bridge and the city lights from this upgraded Penthouse Collection Residence. Perched on the 15th floor, the 3,407 SF home consists of 3 bedrooms plus a den and 3.5 bathrooms, 11-foot ceilings, expansive windows, and two terraces creating a seamless outdoor connection. The chef’s kitchen offers an integrated design complete with an upgraded Miele appliance package including a gas cooktop, quartz countertops, and Italian custom cabinetry. A walk-in pantry, under-counter wine fridge, and dry bar accessible from the great room make this residence perfect for entertaining friends and family. Wake up to bay views from the owners’ suite that also features a generous walk-in closet and a spa-inspired bathroom with floating vanities, a frameless glass shower, a standalone soaking tub, and a private water closet. The den is conveniently located adjacent to the owners’ suite with a separate terrace, making working from home a pleasure. The residence includes two assigned parking spaces with valet access required. An array of thoughtful amenities are found on the 18th floor including a beautiful clubhouse with a fitness center, plenty of entertaining space with large screen TV, a catering kitchen, and two terraces offering unobstructed views of the bay and downtown. Entertaining options extend to the pool deck with an outdoor kitchen and dining area. Just beyond, relax in the rooftop pool while enjoying breathtaking water views. There will be on-site staff available 24/7 providing resident services for owners whether they are in town or traveling providing a true “lock and leave” lifestyle. This reinvention of the 1922 DeMarcay Hotel artfully pays homage to its past while claiming its place as one of the few new construction buildings in this location. Note: Pictures provided are renderings and may not be of this home; they are meant to represent the interior finishes for this community.

Price History
1/23/2024 Listed $7,200,000
5/17/2024 7% - $6,750,000

General Features

Interior Features High Ceilings,Open Floorplan,Walk-In Closet(s)
Sewer Septic Needed
Heating Central
Cooling Central Air
Utilities Public
Roof Concrete
Appliances Built-In Oven,Cooktop,Dishwasher,Disposal,Dryer,Exhaust Fan,Freezer,Microwave,Range,Range Hood,Refrigerator,Washer
Exterior Features Balcony
Garage Spaces 2
Association Fee Includes Community Pool,Escrow Reserves Fund,Gas,Insurance,Maintenance Structure,Manager,Pest Control,Pool Maintenance,Sewer,Trash,Water
Patio/Porch Features Covered
Pool Features Heated,Lighting,Salt Water
Construction Materials Concrete
Pets Allowed Yes
Year Built 2023
View Water
Levels Three Or More
Unit Number 1501
Property SubType Condominium
Tax Year 2023
Percent Ownership Condominium
Community Features Deed Restrictions,Pool
Assoc Fee Paid Per Monthly
County Sarasota
New Construction Yes
Property Type Residential
HOA / Comm Assn Yes
Attached Garage Yes
Subdivision Name THE DEMARCAY
Facing Direction Southwest
Garage Y/N Yes
Total Rooms 9
Status Active
Directions From North on 41 in Downtown Sarasota turn right on Main Street and right on Palm Avenue. The site is located at 33 S. Palm Avenue.
ModificationTimestamp 2024-05-24T17:15:07.983Z
Buyer Agent Compensation 3%
Association Name First Service Residential
View Y/N Yes
Senior Community Y/N No
MLS Area 34236 - Sarasota
Waterfront Y/N No
Carport Y/N No
Street Name Palm
Land Lease Y/N No
Tax Annual Amount 3
Property Condition Under Construction
Additional Parcels Y/N No
Lease Considered Y/N Yes
Virtual Tour
Days on Market 123
Building Area Units Square Feet
Living Area Units Square Feet
Builder Name Voeller Construction Inc
Standard Status Active
Occupancy Type Owner
Tax Lot 3
Legal Description Lot 3,Blk B,Resub of Blks C & D,Plat of Sarasota,Gillespie Place,Plat Book 1 page 1,11A & Lot 4,BLK 5,Resub of Blks C&D Plat of Sarasota
Water View Bay/Harbor - Full
Pet Size Limit Extra Large (101+ Lbs.)
Minimum Lease 3 Months
Water Access Y/N No
Monthly Condo Fee Amount 3831
Water View Y/N Yes
Flood Zone Code A,E

Interior Features

Flooring Porcelain Tile
Total Stories 18
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Full Baths 3
Half Baths 1
Laundry Features Inside,Laundry Room
Total Bedrooms 3
LivingAreaSource Builder
Total Baths 4

Exterior Features

Parking Features Assigned,Circular Driveway,Covered,Driveway,Guest,Off Street,Portico,Valet
Water Source Public
Foundation Details Slab
Building Area Total 3661
Street Suffix AVENUE
Road Surface Type Asphalt
Covered Spaces 2
Builder Model A
Open Parking Y/N Yes


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Condos Average in 34236

AVG $2.34M
AVG 904
Data Provided by Inside Real Estate®
Year Built
AVG 2004