$1,668,000
NEW CONSTRUCTION

Estimated payment $12,451/month

Total Views 7,982
2 Beds
2 Baths
1,562 Sq Ft
$1,068 Price per Sq Ft

Highlights

  • Valet Parking
  • White Water Ocean Views
  • Fitness Center
  • Southside Elementary School Rated A
  • Access to Bay or Harbor
  • 3-minute walk to Five Points Park

About This Home

Experience the pinnacle of modern elegance in this brand-new, never-lived-in penthouse at The DeMarcay—located in the heart of downtown on Palm Avenue, just steps from Sarasota’s finest dining, art galleries, and boutiques. Perched high on the 17th floor, this two-bedroom, two-bath residence captivates with panoramic views of Sarasota Bay, the Ringling Bridge, and the downtown skyline. Expansive windows and 14-foot ceilings fill the open-concept living space with natural light, creating a seamless connection between indoor luxury and breathtaking scenery. The designer kitchen is a culinary showcase, featuring Italian cabinetry, quartz countertops, and top-of-the-line Miele appliances, including a gas cooktop. Every finish reflects thoughtful sophistication—from engineered hardwood and porcelain tile flooring to custom-built closets and a spacious walk-in pantry. The neutral color palette is pleasing for any decor. Automated window treatments throughout, with blackout shades in the primary suite, give both convenience and comfort. The primary suite features an expansive walk-in closet complete with custom cabinets. Step onto your private terrace to enjoy the sunset, or retreat to the 18th-floor rooftop oasis—complete with a heated saltwater pool, outdoor kitchen, and multiple lounging areas overlooking the bay and city skyline. Additional amenities include a state-of-the-art fitness center and an elegant residents’ club room with dining, lounge, and catering kitchen. With 24/7 on-site staff, every detail of daily life is effortlessly managed. Whether you are looking for a year-round home or a seasonal escape, this pristine penthouse combines refined design, resort-style amenities, and an unmatched downtown Sarasota address. Come see it today!

Listing Agent

Georgia Salaverri

COMPASS FLORIDA LLC Brokerage Phone: 941-279-3630 License #0705963 Listed on: 10/21/2025

COMPASS FLORIDA LLC

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2024 | New Construction

Lot Details

  • West Facing Home
  • Historic Home

HOA Fees

  • $1,992 Monthly HOA Fees

Parking

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

Property Views

  • White Water Ocean
  • City

Home Design

  • Contemporary Architecture
  • Entry on the 15th floor
  • Slab Foundation
  • Concrete Roof
  • Concrete Siding
  • Stucco

Interior Spaces

  • 1,562 Sq Ft Home
  • Open Floorplan
  • Shelving
  • High Ceiling
  • Ceiling Fan
  • Low Emissivity Windows
  • Insulated Windows
  • Blinds
  • Family Room Off Kitchen
  • Living Room
  • L-Shaped Dining Room
  • Inside Utility

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Engineered Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Makeup or Vanity Space
  • Split Vanities
  • Private Water Closet
  • Rain Shower Head
  • Window or Skylight in Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Saltwater Pool
  • Access to Bay or Harbor
  • Property is near a marina
  • Balcony
  • Covered Patio or Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Wheelchair Access
  • Property is near public transit

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-Hour Guard, common area taxes, pool, escrow reserves fund, gas, insurance, maintenance structure, ground maintenance, management, pest control, recreational facilities, security, sewer, trash, water
  • Tammie Cunningham Association, Phone Number (443) 473-0388
  • High-Rise Condominium
  • 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

  • Security Service
  • Card or Code Access
  • Gated Community
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 2024 | New Construction

Lot Details

0

HOA Fees

$1,992 per month

Parking

1

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Common Area Taxes, Pool, Escrow Reserves Fund, Gas, Insurance, Maintenance Structure, Maintenance Grounds, 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: 1562
  • Lot Size Acres: 0.02
  • New Construction: Yes
  • Year Built: 2024
  • Building Area Total: 1683
  • Status: Active
  • Street Direction: S
  • Ownership: Condominium
  • Escrow State: FL
  • Floor Number: 15+
  • Minimum Lease: 3 Months
  • Number Of Pets: 3
  • RATIO Current Price By Calculate: 1067.86
  • Water Access YN: 1
  • Property Description: High Rise
  • MFR_NumAssignedParkingSpaces: 1
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 941-279-3630
  • Tax Year: 2024
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Hardwood, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, L Dining, Open Floorplan, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Microwave, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: No
  • Stories: 18
  • Window Features: Blinds, Insulated Windows, Low-Emissivity Windows, Window Treatments
  • Additional Rooms: Inside Utility
  • Living Area Meters: 145.11

Exterior Features

  • Direction Faces: West
  • Pool Features: Heated, Salt Water
  • Exterior Features: Balcony
  • Roof: Concrete
  • Pool Private: No
  • View: City, Water
  • Water Body Name: SARASOTA BAY
  • Waterfront: No
  • Patio and Porch Features: Covered, Patio
  • Road Surface Type: Paved
  • Water Access: Bay/Harbor
  • Water View: Bay/Harbor - Full
  • 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, Covered, Driveway, Off Street, Portico, Valet

Utilities

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

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Clubhouse, Deed Restrictions, Fitness Center, Pool, Wheelchair Access
  • Association Amenities: Clubhouse, Elevator(s), Fitness Center, Lobby Key Required, Maintenance, Pool, Security, Wheelchair Access
  • Association Fee: 1992
  • Association Fee Frequency: Monthly
  • Association Name: Tammie Cunningham
  • Phone: 443-473-0388
  • Association: Yes
  • Security: Fire Alarm, Fire Sprinkler System, Gated Community, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: Refer to condominium documents
  • Association Fee Requirement: Required
  • Condo Fees: 0
  • Condo Land Included YN: 0
  • Max Pet Weight: 200
  • Association Email: tammie.cunningham@fsresidential.com
  • Pet Size: Extra Large (101+ Lbs.)

Fee Information

  • Total Annual Fees: 23904.00
  • Total Monthly Fees: 1992.00
  • Monthly HOA Amount: 1992.00

Schools

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

Lot Info

  • Parcel Number: 2027050006-1702
  • Additional Parcels: No
  • Lot Features: City Limits, Near Marina, Near Public Transit, Sidewalk
  • Flood Zone Code: AE

Rental Info

  • Pets Allowed: Breed Restrictions, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Refer to condominium documents

Tax Info

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

Multi Family

  • Approval Process: Refer to condominium documents

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
10/21/2025 10/21/25 For Sale $1,668,000 +33.4% $1,068 / Sq Ft
12/02/2024 12/02/24 Sold $1,250,000 0.0% $875 / Sq Ft View Prior Sale
11/11/2021 11/11/21 Pending -- -- --
10/22/2021 10/22/21 Off Market $1,250,000 -- --
02/12/2020 02/12/20 Pending -- -- --
02/11/2020 02/11/20 For Sale $1,250,000 -- $875 / Sq Ft
Source: Stellar MLS

About the Listing Agent

Georgia Salaverri

COMPASS FLORIDA LLC

(941) 688-3387

Section Image

Originally from Dallas, Texas, Georgia Salaverri has moved eleven times before settling in sunny South Florida in 2000. Having lived in several different areas of the United States, including some time spent in Hong Kong, China and Toronto, Canada, Georgia's experience relocating, buying and selling homes is one of the main reasons she became interested in pursuing real estate as a career. Due to the amount of relocation Georgia has experienced over the years, she has a strong empathy for the

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Source: Stellar MLS

MLS Number: A4669307

Stellar MLS

APN: 2027-05-7038