$1,240,000
SOLD NOV 11, 2024
1 Bed
2 Baths
1,228 Sq Ft
$982/mo HOA Fee

Recently Sold

$1,010 Per Sq Ft

Highlights

  • Valet Parking
  • Fitness Center
  • Saltwater Pool
  • Southside Elementary School Rated A
  • Under Construction
  • 3-minute walk to Five Points Park

About This Home

As of November 2024

One or more photo(s) has been virtually staged. Under Construction. This 1 bedroom plus a den & 2 full baths residence is in an 18-story intimate BOUTIQUE CONDO TOWER located in charming historical Sarasota! The ROOFTOP POOL offers sweeping views of the bay and city coupled with a state-of-the-art outdoor kitchen, beautiful clubhouse and two terraces perfect for entertaining. 24/7 staff on site to provide resident services. Wonderful downtown location tucked amongst the most coveted galleries, restaurants, shops, & theaters (while still being close to the Marina) puts the 39 private residences at The DeMarcay in one of the best locations for walkability! This reinvention of the 1922 DeMarcay Hotel artfully pays homage to its past while claiming its place as one of the few modern buildings of its type in this location. Buyers will select from designer finishes to make their home their own. Interiors include custom cabinetry, Miele appliances with gas cooktop, quartz counters, spa-like baths, large windows, 11' ceilings and private terraces with every home~ offering a city and/or water view! Parking included. Delivery scheduled for Fall of 2024. Note: Pictures provided are renderings and may not be of this home; they are meant to represent the interior finishes for this community.

Last Agent to Sell the Property

Lisa Allen

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 877-965-3338 License #3503873 Listed on: 05/22/2022

MICHAEL SAUNDERS & COMPANY

Co-Listed By

Matthew Day

COLDWELL BANKER REALTY Brokerage Phone: 877-965-3338 License #3378518

Last Buyer's Agent

Kathy Zaferatos

WAGNER REALTY License #3441992

WAGNER REALTY

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2023 | Under Construction

Lot Details

  • Southwest Facing Home
  • Historic Home

HOA Fees

  • $982 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Portico
  • Driveway
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Concrete Roof
  • Concrete Siding

Interior Spaces

  • 1,228 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Living Room
  • Dining Room
  • Den
  • Tile Flooring
  • City Views

Kitchen

  • Built-In Oven
  • Cooktop with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Saltwater Pool
  • Pool Lighting

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • 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, sewer, trash, water
  • Firstservice Residential Association
  • Built by Voeller Construction Inc.
  • The Demarcay Subdivision
  • Sarasota Town Of Community
  • The community has rules related to deed restrictions
  • 18-Story Property

Amenities

  • Valet Parking
  • Clubhouse
  • Elevator

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • 2 Pets Allowed
  • Breed Restrictions

Security

  • Card or Code Access

Property Details

Home Type

Condominium

Year Built

Built in 2023 | Under Construction

Lot Details

0

HOA Fees

$982 per month

Parking

1

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Pool, Escrow Reserves Fund, Gas, Insurance, Maintenance Structure, Management, Pest Control, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Under Construction
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary, Historic
  • Construction Materials: Concrete
  • Fireplace: No
  • Living Area: 1228
  • Lot Size Acres: 0.2
  • New Construction: Yes
  • Year Built: 2023
  • Building Area Total: 1348
  • Lot Size Sq Ft: 8641
  • Directions to Property: From North on 41 in Downtown Sarasota turn right on Main Street and right on Palm Ave. The Sales Gallery is located on the right. The address is 32 S. Palm Ave; we are directly across from the actual site of The DeMarcay.
  • Status: Sold
  • Street Direction: S
  • Co List Office Mls Id: MFR281502380
  • Co List Office Phone: 941-366-8070
  • Ownership: Condominium
  • ResoBuildingAreaSource: Builder
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 14
  • List Office Head Office Key Nume: 544191775
  • Minimum Lease: 3 Months
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 1009.77
  • Unit Number YN: 0
  • Water Access YN: 0
  • Property Description: High Rise,Walk-Up
  • Permit Number: CGC061702
  • MFR_BedroomClosetType: Walk-in Closet
  • Attribution Contact: 877-965-3338
  • Tax Year: 2022
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 2
  • Interior Amenities: High Ceilings, Open Floorplan
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Microwave, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Levels: One
  • Spa Yn: No
  • Stories: 18
  • Street Number Modifier: 33
  • ResoLivingAreaSource: Builder
  • Living Area Meters: 114.08
  • Room Count: 6

Exterior Features

  • Direction Faces: Southwest
  • Pool Features: Heated, Lighting, Salt Water
  • Exterior Features: Balcony, Lighting
  • Roof: Concrete
  • Pool Private: No
  • View: City
  • Waterfront: No
  • Patio and Porch Features: Covered
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Projected Completion Date: 2023-12-29T00:00:00.000

Garage/Parking

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

Utilities

  • Utilities: Natural Gas Connected, Public
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Fitness Center, Pool
  • Association Amenities: Clubhouse, Elevator(s), Fitness Center, Lobby Key Required, Pool
  • Association Fee: 982.4
  • Association Fee Frequency: Monthly
  • Association Name: FirstService Residential
  • Association: Yes
  • Senior Community: No
  • Association Approval Required YN: 1
  • Pet Restrictions: See Condo docs.
  • Association Fee Requirement: Required
  • Building Name Number: THE DEMARCAY
  • Condo Fees: 0
  • Condo Land Included YN: 0
  • Max Pet Weight: 200
  • Montly Maint Amt Addition To HOA: 0
  • Pet Size: Extra Large (101+ Lbs.)

Fee Information

  • Total Annual Fees: 11788.80
  • Total Monthly Fees: 982.40
  • Monthly HOA Amount: 982.40

Lot Info

  • Parcel Number: 2027050006-1403
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Homestead YN: 1
  • Lot Size Square Meters: 803

Green Features

  • Green Verification Count: 0

Building Info

  • Builder Name: Voeller Construction Inc.

Rental Info

  • Pets Allowed: Breed Restrictions
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: See Condo docs.

Tax Info

  • Tax Lot: 3

Multi Family

  • Approval Process: See Condo docs.

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

Tax History Compared to Growth

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

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4536285

Stellar MLS

APN: 2027-05-7030