$4,195,000
NEW CONSTRUCTION

33 S Palm Ave Unit 1501 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated payment $31,531/month

Total Views 1,878
3 Beds
3.5 Baths
3,407 Sq Ft
$1,231 Price per Sq Ft

Highlights

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

About This Home

Penthouse Collection residence on the 15th floor of the newly-built DeMarcay, offering
sky-high views of the city, Sarasota Bay, Big Pass, and beyond to the Gulf of Mexico. Best
location in the city by the intersection of Main Street and Palm Avenue. Walk to art galleries,
restaurants, boutiques, theaters, farmers’ market, city marina, wellness services, live music,
and all downtown Sarasota amenities. Only three miles over the Ringling Bridge to St.
Armands Circle and Lido Beach. DeMarcay stands alone in Sarasota for raising the amenities
and pool to such impressive heights. Residents have exclusive access to a state-of-the-art
fitness center and club lounge, as well as an outdoor kitchen, sparkling pool and expansive
bi-level terrace on the 18th floor, all providing 360-degree vistas of Sarasota’s breathtaking
scenery.
Located on the 15th floor bayside, this elegant 3,407-square-foot residence has three
private bedroom suites, an office/den, a powder room, an open living area, laundry facilities,
and a private bayfront balcony. Volume ceilings and large windows maximize views and
natural light throughout. The gourmet kitchen showcases imported Italian cabinetry, quartz
countertops, a Miele five-burner gas cooktop, and seamlessly integrated Miele appliances.
The primary suite offers a spa-inspired ensuite bath featuring designer Italian cabinets,
porcelain undermount sinks, an elegant soaking tub, and a spacious walk-in shower.
Residents enjoy 24/7 access to dedicated on-site staff for personalized services.
The DeMarcay is an 18-story boutique condominium community of only 39 residences
that uniquely blends modern luxury with Sarasota’s rich history. The development
thoughtfully preserves and restores the historic facades of the original DeMarcay Hotel, built
in 1922, and the Roth Cigar Factory, which operated from 1923 to 1938. This fusion of historic
charm and contemporary design creates a distinctive living experience. Live the good life at
DeMarcay — luxurious and casual — so Sarasota!
Please note that some images are artist renderings representative of the interior finishes and may not
exactly match the actual finishes of this residence.

Listing Agent

Andrew Tanner

PREMIER SOTHEBY'S INTERNATIONAL REALTY Brokerage Phone: 941-364-4000 License #3437759 Listed on: 07/02/2025

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2024 | New Construction

HOA Fees

  • $4,479 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Portico
  • Circular Driveway
  • Secured Garage or Parking
  • On-Street Parking
  • Assigned Parking

Property Views

  • White Water Ocean
  • Partial Bay or Harbor
  • City

Home Design

  • Pillar, Post or Pier Foundation
  • Concrete Roof
  • Concrete Siding
  • Stucco

Interior Spaces

  • 3,407 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Sliding Doors
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Home Office
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Built-In Convection Oven
  • Cooktop with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Cooking Island
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • Private Water Closet
  • Bathtub With Separate Shower Stall
  • Garden Bath

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property is near a marina
  • Balcony
  • Covered Patio or Porch
  • Outdoor Storage

Schools

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

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Southwest Facing Home
  • Property is near public transit

Listing and Financial Details

Community Details

Overview

  • Association fees include pool, escrow reserves fund, insurance, maintenance structure, management, pest control, sewer, trash, water
  • Edward Bustamante Association, Phone Number (866) 378-1099
  • Built by Voeller Construction
  • Demarcay Subdivision
  • The community has rules related to deed restrictions
  • 18-Story Property

Amenities

  • Valet Parking
  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed
  • 2 Pets Allowed

Security

  • Card or Code Access
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 2024 | New Construction

Lot Details

0

HOA Fees

$4,479 per month

Parking

2

Listing Details

  • HOA Fee Includes: Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Management, Pest Control, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Construction Materials: Concrete, Stucco
  • Fireplace: No
  • Living Area: 3407
  • Lot Size Acres: 0.2
  • New Construction: Yes
  • Year Built: 2024
  • Building Area Total: 3661
  • Directions to Property: From I75, take the Fruitville Avenue exit headed west. Make a left onto Washington Blvd. Make a right onto Main Street. Make a left onto Palm Ave and the Demarcay will be on the left hand side.
  • Status: Active
  • Street Direction: S
  • Ownership: Condominium
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 15+
  • List Office Head Office Key Nume: 537903989
  • Minimum Lease: 3 Months
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 1231.29
  • Unit Number YN: 0
  • Water Access YN: 0
  • Condo Fees Term: Monthly
  • Property Description: Corner Unit,High Rise
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 941-364-4000
  • Tax Year: 2024
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Eat-in Kitchen, High Ceilings, Open Floorplan, Stone Counters, Thermostat, Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Pillar/Post/Pier
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 18
  • Street Number Modifier: 33
  • Additional Rooms: Den/Library/Office
  • Living Area Meters: 316.52
  • Room Count: 10

Exterior Features

  • Direction Faces: Southwest
  • Exterior Features: Balcony, Sidewalk, Sliding Doors, Storage
  • Roof: Concrete
  • Pool Private: No
  • View: City, Water
  • Waterfront: No
  • Patio and Porch Features: Covered, Patio
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View: Bay/Harbor - Full,Gulf/Ocean - Partial
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2024-03-27
  • Flood Zone Panel: 12115C0133G

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Assigned, Circular Driveway, Covered, On Street, Portico, Valet

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Deed Restrictions, Fitness Center, Pool, Sidewalks
  • Association Name: Edward Bustamante
  • Phone: 866-378-1099
  • Association: No
  • Security: Fire Sprinkler System, Key Card Entry, Secured Garage/Parking, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Building Name Number: DEMARCAY
  • Condo Fees: 4479
  • Condo Land Included YN: 0
  • Max Pet Weight: 0
  • Montly Maint Amt Addition To HOA: 0
  • Monthly Condo Fee Amount: 4479

Fee Information

  • Total Annual Fees: 53748.00
  • Total Monthly Fees: 4479.00

Schools

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

Lot Info

  • Zoning: DTB
  • Parcel Number: 2027057031
  • Additional Parcels: No
  • Lot Features: City Limits, Near Marina, Near Public Transit, Sidewalk
  • Flood Zone Code: AE
  • Homestead YN: 0

Building Info

  • Builder Name: Voeller Construction

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Follow rules and regulations of the association

Tax Info

  • Tax Lot: 1501

Multi Family

  • Approval Process: Submit application and $75 application fee to the association for approval.

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 Change Sq Ft Price
07/02/2025 07/02/25 For Sale $4,195,000 -- $1,231 / Sq Ft
Source: Stellar MLS

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Source: Stellar MLS

MLS Number: A4657527

Stellar MLS

APN: 2027-05-7031

Florida Sarasota County Sarasota 34236 Downtown Sarasota

33 S Palm Ave Unit 1501, Sarasota, FL

This home is located at 33 S Palm Ave Unit 1501, Sarasota, FL 34236 and is currently priced at $4,195,000, approximately $1,231 per square foot. This property was built in 2024. 33 S Palm Ave Unit 1501 is a home located in Sarasota County with nearby schools including Southside Elementary School, Booker Middle School, and Sarasota High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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Andrew Tanner
Listing Agent
Andrew Tanner
Section Image
PREMIER SOTHEBY'S INTERNATIONAL REALTY
(941) 299-0974