33 S PALM AVENUE 1501 Sarasota, FL $ 3,750,000
33 S PALM AVENUE 1501
$ 3,750,000
New Construction
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33 S PALM AVENUE 1501

Sarasota, FL, 34236
$ 3,750,000
Bedrooms3 Baths3.1 Sq 3,407

Monthly Estimate*

$ 23,089

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Condo for sale in Sarasota, FL

for $3,750,000 with 3 bedrooms and 3 full baths, 1 half bath. This 3,407 square foot condo was built in 2024 on a lot size of 0.2.

In the heart of Downtown Sarasota, at the coveted corner of Main Street and Palm Avenue, this Penthouse Collection residence on the 15th floor of the newly built DeMarcay rises above the city with sweeping views of downtown, Sarasota Bay, Big Pass, and onward to the Gulf of Mexico. Step outside and walk to art galleries, acclaimed restaurants, boutiques, theaters, the farmers’ market, the city marina, wellness studios and live music. When the beach calls, St. Armands Circle and Lido Beach are just three miles over the Ringling Bridge. DeMarcay elevates downtown living with resort-style amenities crowned by an 18th-floor bi-level terrace featuring 360-degree vistas. Residents enjoy a state-of-the-art fitness center, an owners’ lounge, outdoor kitchen, and an impressive pool terrace designed for sunset gatherings and entertaining, supported by 24/7 on-site staff for personalized service. This is the only condominium in downtown Sarasota with 24/7 valet parking service, offering a distinctive, space-saving parking configuration and the ease of round-the-clock attended vehicle access. Bayside on the 15th floor, this 3,407-square-foot residence offers three private bedroom suites, a separate office/den, powder room, open living and dining, laundry, and a private bayfront balcony. Volume ceilings and expansive windows bring in natural light and frame the water-and-sky backdrop throughout. The chef’s kitchen pairs imported Italian cabinetry with quartz countertops, a Miele five-burner gas cooktop, and integrated Miele appliances. The primary suite is a serene retreat with a spa-inspired bath featuring designer Italian cabinetry, porcelain undermount sinks, a soaking tub, and a generous walk-in shower. An 18-story boutique community of only 39 residences, DeMarcay blends contemporary architecture with Sarasota’s heritage, thoughtfully preserving and restoring the historic facades of the original DeMarcay Hotel (1922) and the Roth Cigar Factory (1923–1938). A rare opportunity to live at Sarasota’s most walkable crossroads—elevated, effortless and distinctly downtown.

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Condo Active

Price

$ 3,750,000

Bedrooms

3

Full Bath

3

Half Bath

1

Property Type

Condo

Taxes

$ 0

Style

Condominium

Lot Size

0.2

Year Built

2024

Town/City

Sarasota

County/Region

Sarasota

MLS | Web ID

A4657527

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities BB/HS Internet Available Cable Available Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Roof Concrete
Appliances Built-In Oven Convection Oven Cooktop Dishwasher Disposal Dryer Exhaust Fan Microwave Range Hood Refrigerator Washer Wine Refrigerator
Zoning DTB
Garage Spaces 2
Association Fee Includes Community Pool Escrow Reserves Fund Insurance Maintenance Structure Manager Pest Control Pool Maintenance Sewer Trash Water
Patio/Porch Features Covered Patio
Security Features Fire Sprinkler System Key Card Entry Smoke Detector(s)
Construction Materials Concrete Stucco
Pets Allowed Yes
Year Built 2024
View City Water
Levels One
Unit Number 1501
Property Subtype Condominium
Tax Year 2024
Ownership Condominium
Community Features Clubhouse Deed Restrictions Fitness Center Pool Sidewalks
County Sarasota
New Construction true
Property Type Residential
Attached Garage true
Subdivision Name DEMARCAY
Facing Direction Southwest
Garage Y/N true
Total Rooms 10
Full Baths 3
Status Active
Directions 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.
High School Sarasota High
City SARASOTA
Association Name Edward Bustamante
Senior Community Y/N false
MLS Area 34236 - Sarasota
Lot Size Units Square Feet
Carport Y/N false
Listing Terms Cash Conventional
Elementary School Southside Elementary
Land Lease Y/N false
Tax Annual Amount 0
Middle/Junior High School Booker Middle
Property Condition Completed
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://app.cloudpano.com/tours/VfRxOHXcui3-W?mls=1
Building Area Units Square Feet
Living Area Units Square Feet
Builder Name Voeller Construction
Standard Status Active
Occupancy Type Owner
Tax Lot 1501
Legal Description UNIT 1501 DEMARCAY CB 50 PG 52-70
Water View Bay/Harbor - Full Gulf/Ocean - Partial
Minimum Lease 3 Months
Water Access Y/N false
Monthly Condo Fee Amount 4886
HOA Monthly Maintenance 0
Additional Rooms Den/Library/Office
Water View Y/N true
Flood Zone Code AE
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Interior
Interior Amenities Eating Space In Kitchen High Ceilings Open Floorplan Stone Counters Thermostat Walk-In Closet(s)
Flooring Porcelain Tile
Total Stories 18
Common Walls Corner Unit
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 1
Laundry Features Laundry Room
Total Bedrooms 3
Total Baths 4
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Exterior
Exterior Amenities Balcony Sidewalk Sliding Doors Storage
Parking Features Assigned Circular Driveway Covered On Street Portico Valet
Lot Features City Lot Near Marina Near Public Transit Sidewalk
Water Source Public
Lot Size Area 8712
Foundation Details Pillar/Post/Pier
Building Area Total 3661
Lot Size Acres 0.2
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
Covered Spaces 2
Builder Model A
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* Excluded Features
List By
Premier Sotheby's International Realty

Broker

Andrew.Tanner@premiersir.com

Email

Affordability Calculator

$23,089
Per Month
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Monthly Principal & Interest
$23,089
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Sarasota High High School High School
Pricing History
DatePricePrice ChangeDescription
3/17/2026$3,750,000 -5.06% Price Down
12/19/2025$3,950,000 Listed Price

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33 S PALM AVENUE 1501, Sarasota, FL, 34236 is a Condo for sale at $3,750,000 with 3,407 sqft and a lot size of 0.2. 33 S PALM AVENUE 1501 has 3 bedrooms, 3.1 baths, and was built in 2024. The property's zip code is 34236 which is in Sarasota, FL