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$3,750,000
$1,101/sqft11% reduced
HOA: $4,886/moTaxes: $0/yr398d on market

Demarcay

33 S PALM AVE #1501, SARASOTA, FL, 34236

View all homes for sale in Demarcay
3 Beds|4 Baths|3,407 Sq Ft|Built 2024|2 Car Garage
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💡 Price recently reduced — this could be a great opportunity to negotiate.

C2C

Coast 2 Coast Home Realty

Licensed Florida Realtors

4.9· 214 reviews

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Buyer Insights

Here's what we know about this listing.

Why this home stands out

  • Price reduced 11% ($445,000 off original)
  • 398+ days on market — seller may be motivated
  • Updated today

Buyer Insights are informational only — always verify with your agent.

In the heart of Downtown Sarasota, at the coveted corner of Main Street and Palm Avenue, this Penthouse Collection residence on the 15th floor of the newly built DeMarcay rises above the city with sweeping views of downtown, Sarasota Bay, Big Pass, and onward to the Gulf of Mexico. Step outside and walk to art galleries, acclaimed restaurants, boutiques, theaters, the farmers’ market, the city marina, wellness studios and live music. When the beach calls, St. Armands Circle and Lido Beach are just three miles over the Ringling Bridge. DeMarcay elevates downtown living with resort-style amenities crowned by an 18th-floor bi-level terrace featuring 360-degree vistas. Residents enjoy a state-of-the-art fitness center, an owners’ lounge, outdoor kitchen, and an impressive pool terrace designed for sunset gatherings and entertaining, supported by 24/7 on-site staff for personalized service. This is the only condominium in downtown Sarasota with 24/7 valet parking service, offering a distinctive, space-saving parking configuration and the ease of round-the-clock attended vehicle access. Bayside on the 15th floor, this 3,407-square-foot residence offers three private bedroom suites, a separate office/den, powder room, open living and dining, laundry, and a private bayfront balcony. Volume ceilings and expansive windows bring in natural light and frame the water-and-sky backdrop throughout. The chef’s kitchen pairs imported Italian cabinetry with quartz countertops, a Miele five-burner gas cooktop, and integrated Miele appliances. The primary suite is a serene retreat with a spa-inspired bath featuring designer Italian cabinetry, porcelain undermount sinks, a soaking tub, and a generous walk-in shower. An 18-story boutique community of only 39 residences, DeMarcay blends contemporary architecture with Sarasota’s heritage, thoughtfully preserving and restoring the historic facades of the original DeMarcay Hotel (1922) and the Roth Cigar Factory (1923–1938). A rare opportunity to live at Sarasota’s most walkable crossroads—elevated, effortless and distinctly downtown.

Subdivision
DEMARCAY
County
Sarasota
Zip Code
34236

School Report Card

Source: FL Dept. of Education

ABCDF
Elementary
Middle
High

Neighborhood

Map unavailable

Type
Condominium
Living Area
3,407 sqft
Construction
Concrete, Stucco
Roof
Concrete
Flooring
Tile
Pool
No
HOA
$4,886 / Monthly
  • Eat-in Kitchen
  • High Ceilings
  • Open Floorplan
  • Stone Counters
  • Thermostat
  • Walk-in Closet(s)
  • Balcony
  • Sidewalk
  • Sliding Doors
  • Storage
  • Built-in Oven
  • Convection Oven
  • Cooktop
  • Dishwasher
  • Disposal
  • Dryer
  • Exhaust Fan
  • Microwave
  • Range Hood
  • Refrigerator
  • Washer
  • Wine Refrigerator
  • Laundry Room
  • Covered
  • Patio
  • City Limits
  • Near Marina
  • Near Public Transit
  • Sidewalk
  • Bb/hs Internet Available
  • Cable Available
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected
  • Clubhouse
  • Deed Restrictions
  • Fitness Center
  • Pool
  • Sidewalks
  • Pool
  • Escrow Reserves Fund
  • Insurance
  • Maintenance Structure
  • Management
  • Pest Control
  • Sewer
  • Trash
  • Water
Bedrooms
3
Bathrooms
4
Year Built
2024
Construction
Concrete, Stucco
Flooring
Tile
Roof
Concrete
Garage Spaces
2
Cooling
Central Air
Heating
Central
Waterfront
No
Pet Restrictions
Yes
Lot Size
0.2 acres
Senior Community
No
Building Elevator
Yes
Pet Size
# of Pets
2
Max Pet Weight
0 lbs
Tax Year
2024
Annual Tax Amount
$0

Association Fees

  • HOA Fee

    Edward Bustamante

    $4,886/ Monthly

Down Payment20% — $750,000
Interest Rate6.50%
Loan Term
Est. Mortgage
$18,962
HOA Fee
$4,886
Est. Property Tax
$0
Est. Insurance
$1,250
Total Est. Monthly Cost$25,098

* Estimates are for illustration purposes only and do not constitute an offer of financial advice. Actual rates, payments, insurance, and taxes will vary based on credit, location, and other factors. Contact a licensed mortgage professional for a personalized quote. Homeowners insurance estimate based on Florida averages.

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