$1,290,000
NEW CONSTRUCTION $260K PRICE DROP

Estimated payment $9,573/month

Total Views 3,719
2 Beds
2 Baths
1,228 Sq Ft
$1,050 Price per Sq Ft

Highlights

  • Valet Parking
  • Fitness Center
  • New Construction
  • Southside Elementary School Rated A
  • Property is near a marina
  • 3-minute walk to Five Points Park

About This Home

Welcome to the DeMarcay- an 18-story boutique condominium community on prestigious Palm Avenue, in the heart of downtown Sarasota. This impeccably designed 2-bedroom, 2-bathroom home on the 14th floor can be furnished and move-in ready- offering a seamless blend of luxury, comfort and convenience. Step inside to soaring 11-foot ceilings, elegant porcelain flooring, and expansive windows that fill the home with natural light and delightful city and bay views. The chef’s kitchen features Italian custom cabinetry, Miele appliances including a gas cooktop, sleek quartz countertops and a large island perfect for cooking and entertaining. Additional highlights include built-out closets, stylish window treatments, a custom-designed dry bar, and a temperature-controlled storage space. Relax on your private terrace and enjoy the abundance of natural light and sweeping views of Sarasota. The amenities are found on the 18th floor rooftop and include a heated saltwater pool and lanai area, an outdoor kitchen and casual entertaining space, a fitness center, and a sophisticated club room with a catering kitchen - all with unobstructed 360-degree views of the Bay and downtown skyline. On-site staff is available 24/7 providing resident services for owners and their guests. This is downtown living at its best.

Listing Agent

Lisa Allen

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-951-6660 License #3503873 Listed on: 05/02/2025

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,377

Year Built

  • Built in 2024 | New Construction

Lot Details

  • Southeast Facing Home
  • Historic Home

HOA Fees

  • $1,576 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Common or Shared Parking
  • Circular Driveway
  • Off-Street Parking
  • Reserved Parking
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Entry on the 14th floor
  • Pillar, Post or Pier Foundation
  • Concrete Roof
  • Concrete Siding
  • Stucco

Interior Spaces

  • 1,228 Sq Ft Home
  • Open Floorplan
  • Shelving
  • High Ceiling
  • Ceiling Fan
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Tile Flooring
  • Partial Bay or Harbor Views

Kitchen

  • Eat-In Kitchen
  • Walk-In Pantry
  • Built-In Oven
  • Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Refrigerator
  • Cooking Island
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Rain Shower Head

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Saltwater Pool
  • Property is near a marina
  • Balcony

Location

  • Property is near public transit

Schools

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

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-Hour Guard, pool, escrow reserves fund, gas, insurance, maintenance structure, management, pest control, recreational facilities, security, sewer, trash, water
  • Edward Bustamante Association, Phone Number (866) 378-1099
  • High-Rise Condominium
  • Demarcay Condos
  • The Demarcay Subdivision
  • Sarasota Town Of Community
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions
  • Community features wheelchair access
  • 18-Story Property

Amenities

  • Valet Parking
  • Clubhouse
  • Elevator

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • 3 Pets Allowed
  • Breed Restrictions

Security

  • Card or Code Access
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,377

Year Built

Built in 2024 | New Construction

Lot Details

0

HOA Fees

$1,576 per month

Parking

1

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Pool, Escrow Reserves Fund, Gas, Insurance, Maintenance Structure, Management, Pest Control, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary, Historic
  • Construction Materials: Concrete, Stucco
  • Fireplace: No
  • Living Area: 1228
  • Lot Size Acres: 0.02
  • New Construction: Yes
  • Year Built: 2024
  • Building Area Total: 1348
  • Status: Active
  • Street Direction: S
  • Ownership: Condominium
  • Entry Level: 14
  • Escrow State: FL
  • Floor Number: 14
  • Minimum Lease: 3 Months
  • Number Of Pets: 3
  • RATIO Current Price By Calculate: 1050.49
  • Total Acreage: Non-Applicable
  • Water Access YN: 0
  • Property Description: High Rise
  • MFR_NumAssignedParkingSpaces: 1
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 941-951-6660
  • Tax Year: 2024
  • Special Features: NewHome

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Solid Surface Counters, Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Microwave, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Pillar/Post/Pier
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 18
  • Living Area Meters: 114.08

Exterior Features

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

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Assigned, Circular Driveway, Common, Covered, Off Street, Reserved, Valet

Utilities

  • Utilities: Natural Gas Connected, Public
  • Cooling: Central Air
  • Heating: Central, Natural Gas
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Clubhouse, Deed Restrictions, Fitness Center, Pool, Wheelchair Access
  • Association Amenities: Clubhouse, Elevator(s), Fitness Center, Gated, Lobby Key Required, Maintenance, Pool
  • Association Fee: 1576
  • Association Fee Frequency: Monthly
  • Association Name: Edward Bustamante
  • Phone: 866-378-1099
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Complex Community Name Nccb: DEMARCAY
  • Pet Restrictions: See Condo Docs, no weight limit
  • Association Fee Requirement: Required
  • Condo Fees: 0
  • Condo Land Included YN: 0
  • Max Pet Weight: 200
  • Pet Size: Extra Large (101+ Lbs.)

Fee Information

  • Total Annual Fees: 18912.00
  • Total Monthly Fees: 1576.00
  • Monthly HOA Amount: 1576.00

Schools

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

Lot Info

  • Zoning: DTB
  • Parcel Number: 2027057030
  • Additional Parcels: No
  • Lot Features: City Limits, Near Marina, Near Public Transit, Sidewalk
  • Flood Zone Code: A, E

Rental Info

  • Pets Allowed: Breed Restrictions, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: See Condo Docs

Tax Info

  • Tax Annual Amount: 14377
  • Tax Block: B
  • Tax Book Number: 1-11A
  • Tax Lot: 3

Multi Family

  • Approval Process: See Condo Docs

Map

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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
2024 -- -- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2025 10/16/25 Price Changed $1,290,000 -5.8% $1,050 / Sq Ft
06/03/2025 06/03/25 Price Changed $1,370,000 -6.2% $1,116 / Sq Ft
05/16/2025 05/16/25 Price Changed $1,460,000 -5.8% $1,189 / Sq Ft
05/02/2025 05/02/25 For Sale $1,550,000 +25.0% $1,262 / Sq Ft
11/11/2024 11/11/24 Sold $1,240,000 0.0% $1,010 / Sq Ft View Prior Sale
07/07/2022 07/07/22 Off Market $1,240,000 -- --
05/22/2022 05/22/22 Pending -- -- --
05/22/2022 05/22/22 For Sale $1,240,000 -- $1,010 / Sq Ft
Source: Stellar MLS

Source: Stellar MLS

MLS Number: A4651229

Stellar MLS

APN: 2027-05-7030