$1,499,000
$100K PRICE DROP

Estimated payment $9,484/month

Total Views 6,370
2 Beds
2 Baths
1,122 Sq Ft
$1,336 Price per Sq Ft

Highlights

  • Valet Parking
  • Fitness Center
  • Partial Gulf or Ocean Views
  • Southside Elementary School Rated A
  • Property is near a marina
  • 3-minute walk to Five Points Park

About This Home

Luxurious Urban Living at Demarcay Residences in Downtown Sarasota Experience the pinnacle of contemporary elegance with this 2-bedroom, 2-bathroom residence at the prestigious Demarcay Residences in the heart of downtown Sarasota. This exquisite home is thoughtfully designed to balance sophistication with comfort, offering an unparalleled lifestyle surrounded by the vibrant cultural and culinary scene of the city. The open-concept living space is adorned with premium finishes, including solid countertops that seamlessly blend style and durability, while sleek hardwood and porcelain tile flooring enhances the modern aesthetic. The generously sized walk-in closets cater to your storage needs with ample space, ensuring every detail of this home is both functional and luxurious. Step out onto your private balcony and be captivated by sweeping, unobstructed views of Sarasota Bay , dynamic skyline and serene coastal landscapes—a daily reminder of the beauty that surrounds you. As a resident, you'll have access to world-class amenities, including an inviting rooftop pool where you can unwind and soak in panoramic city vistas, and a state-of-the-art fitness center equipped to support your wellness journey. Situated within walking distance of Sarasota's finest dining, shopping, and cultural attractions, this masterpiece at the Demarcay Residences is more than a home—it's a gateway to an extraordinary lifestyle. Elevate your living experience—schedule a private tour today and discover the essence of refined urban living.

Listing Agent

Olga Smith

IMPERIAL PROPERTY GROUP LLC Brokerage Phone: 941-761-5515 License #3257337 Listed on: 05/17/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $263

Year Built

  • Built in 2024

HOA Fees

  • $1,577 Monthly HOA Fees

Home Design

  • Entry on the 13th floor
  • Pillar, Post or Pier Foundation
  • Concrete Roof
  • Stucco

Interior Spaces

  • 1,122 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Window Treatments
  • Combination Dining and Living Room
  • Engineered Wood Flooring
  • Partial Bay or Harbor Views

Kitchen

  • Built-In Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer

Parking

  • Covered Parking
  • Common or Shared Parking
  • Circular Driveway
  • Assigned Parking

Outdoor Features

  • Property is near a marina
  • Balcony

Schools

  • Southside Elementary School
  • Booker Middle School
  • Sarasota High School

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Additional Features

  • North Facing Home
  • Property is near public transit

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-Hour Guard, pool, escrow reserves fund, gas, insurance, maintenance structure, trash, water
  • Edward Bustamante Association, Phone Number (941) 315-5050
  • The Dermacay Association
  • Sarasota Town Of Community
  • The Demarcay Subdivision
  • The community has rules related to deed restrictions
  • 18-Story Property

Amenities

  • Valet Parking
  • Clubhouse
  • Elevator

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • 3 Pets Allowed
  • Breed Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$263

Year Built

Built in 2024

Lot Details

0

HOA Fees

$1,577 per month

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Pool, Escrow Reserves Fund, Gas, Insurance, Maintenance Structure, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 1122
  • New Construction: No
  • Year Built: 2024
  • Building Area Total: 1237
  • Status: Active
  • Street Direction: S
  • Ownership: Condominium
  • Entry Level: 13
  • Building Area Total Srch Sq M: 114.92
  • Escrow State: FL
  • Floor Number: 13
  • Minimum Lease: 3 Months
  • Number Of Pets: 3
  • RATIO Current Price By Calculate: 1336.01
  • Water Access YN: 0
  • MFR_NumAssignedParkingSpaces: 1
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 941-761-5515
  • Tax Year: 2024
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Full Bathrooms: 2
  • Interior Amenities: Elevator, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Window Treatments
  • Appliances Included: Built-In Oven, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Range Hood, Refrigerator
  • Foundation Details: Pillar/Post/Pier
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 18
  • Living Area Meters: 104.24

Exterior Features

  • Direction Faces: North
  • Exterior Features: Balcony
  • Roof: Concrete
  • Pool Private: No
  • View: Water
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View: Gulf/Ocean - Partial
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Assigned, Circular Driveway, Common, Covered, Valet

Utilities

  • Utilities: Public
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Deed Restrictions, Fitness Center, Pool
  • Association Amenities: Clubhouse, Elevator(s), Fitness Center, Pool
  • Association Fee: 1576.98
  • Association Fee Frequency: Monthly
  • Association Name: Edward Bustamante
  • Phone: 941.315.5050
  • Association: Yes
  • Senior Community: No
  • Association: The Dermacay
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: Refer to HOA docs
  • Association Fee Requirement: Required
  • Condo Fees: 0
  • Condo Land Included YN: 0
  • Association Email: Edward.Bustamante@fsresidential.com

Fee Information

  • Total Annual Fees: 18923.76
  • Total Monthly Fees: 1576.98
  • Monthly HOA Amount: 1576.98

Schools

  • Elementary School: Southside Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: DTB
  • Parcel Number: 2027057027
  • Additional Parcels: No
  • Lot Features: City Limits, Near Marina, Near Public Transit, Sidewalk
  • Flood Zone Code: AE, X

Rental Info

  • Pets Allowed: Breed Restrictions, Number Limit
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Refer to HOA docs.

Tax Info

  • Tax Annual Amount: 263.19
  • Tax Lot: 1

Multi Family

  • Approval Process: Refer to HOA docs.

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $967,100 -- $967,100
2024 -- -- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/13/2025 11/13/25 Price Changed $1,499,000 -3.2% $1,336 / Sq Ft
10/11/2025 10/11/25 Price Changed $1,549,000 -3.1% $1,381 / Sq Ft
05/17/2025 05/17/25 For Sale $1,599,000 +21.6% $1,425 / Sq Ft
11/15/2024 11/15/24 Sold $1,315,000 +1.2% $1,071 / Sq Ft View Prior Sale
04/25/2022 04/25/22 Pending -- -- --
01/06/2022 01/06/22 For Sale $1,300,000 -- $1,059 / Sq Ft
Source: Stellar MLS

Source: Stellar MLS

MLS Number: A4652537

Stellar MLS

APN: 2027-05-7027