NEW CONSTRUCTION
$200K PRICE DROP
33 S Palm Ave Unit 1702 Sarasota, FL 34236
Downtown Sarasota NeighborhoodEstimated payment $12,998/month
Total Views
1,107
2
Beds
2
Baths
1,562
Sq Ft
$1,072
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
Penthouse Luxury at The DeMarcay – Introducing a rare opportunity to own a new construction, never-lived-in Penthouse Residence with sweeping water views that can be purchased furnished or unfurnished. The DeMarcay is an 18-story boutique condominium perfectly positioned on prestigious Palm Avenue in downtown Sarasota. This 2-bedroom, 2-bath home on the 17th floor offers expansive views of the bay, bridge and downtown Sarasota, meticulous designer finishes, and a truly elevated living experience. Soaring 14-foot ceilings and over-sized windows create an airy, light-filled interior, enhanced by custom electronic privacy window treatments throughout and blackout window treatments in the primary bedroom for ultimate comfort. The open concept living space features a kitchen with Italian cabinetry, quartz countertops, and Miele appliances including a gas cooktop. Custom built-out closets and walk-in pantry add both style and function, while upgraded engineered hardwood and porcelain tile flooring completes the modern aesthetic. Step onto the private terrace to enjoy breathtaking vistas of Sarasota and the bay. Head to the 18th-floor rooftop to indulge in unobstructed 360-degree views, a heated saltwater pool, outdoor kitchen, and spacious outdoor entertainment areas. Inside, you'll find a fitness center and elegant club room with a dining space, lounge area, and catering kitchen. With 24/7 on-site staff, The DeMarcay offers a truly turn-key, lock-and-leave lifestyle—perfect for full-time residents or seasonal escapes. Don't miss your chance to own a pristine, high-design penthouse in the heart of Sarasota’s cultural and dining district.
Listing Agent
MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-951-6660 License #3503873 Listed on: 05/07/2025
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
- 1 Assigned Parking Space
Property Views
- White Water Ocean
- City
Home Design
- Contemporary Architecture
- Slab Foundation
- Concrete Roof
- Concrete Siding
- Stucco
Interior Spaces
- 1,562 Sq Ft Home
- Open Floorplan
- Shelving
- High Ceiling
- Ceiling Fan
- Insulated Windows
- 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
- Solid Surface 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
Additional Features
- Wheelchair Access
- Property is near public transit
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 3 / B
- Assessor Parcel Number 2027050006-1702
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
- 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
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 06/20/2025 06/20/25 | Price Changed | $1,675,000 | -4.3% | $1,072 / Sq Ft |
| 06/03/2025 06/03/25 | Price Changed | $1,750,000 | -6.7% | $1,120 / Sq Ft |
| 05/07/2025 05/07/25 | For Sale | $1,875,000 | +50.0% | $1,200 / Sq Ft |
| 12/02/2024 12/02/24 | Sold | $1,250,000 | 0.0% | $875 / Sq Ft |
| 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
Similar Homes in Sarasota, FL
Source: Stellar MLS
MLS Number: A4651257
APN: 2027-05-7038
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.
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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