33 S PALM AVENUE 1601 Sarasota, FL $ 3,950,000
33 S PALM AVENUE 1601
$ 3,950,000
New Construction
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33 S PALM AVENUE 1601

Sarasota, FL, 34236
$ 3,950,000
Bedrooms3 Baths3.1 Sq 3,407

Monthly Estimate*

$ 24,321

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Condo for sale in Sarasota, FL

for $3,950,000 with 3 bedrooms and 3 full baths, 1 half bath. This 3,407 square foot condo was built in 2024.

Penthouse Collection residence on the 16th floor of the newly built DeMarcay, capturing commanding vistas over downtown Sarasota, Sarasota Bay, Big Pass and the Gulf. Perfectly positioned at the corner of Main Street and Palm Avenue, this address places art galleries, acclaimed dining, boutiques, theaters, the farmers’ market, the city marina, wellness studios and live music within an easy stroll. Plus, St. Armands Circle and Lido Beach are just three miles across the Ringling Bridge. DeMarcay sets a new benchmark for downtown living with elevated, resort-inspired amenities crowned by an 18th-floor bi-level terrace with 360-degree views. Residents enjoy a state-of-the-art fitness center, club lounge, outdoor kitchen, and a spectacular pool terrace designed for sunset lounging and entertaining, supported by dedicated on-site staff available 24/7 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 16th floor, this elegant 3,407-square-foot residence offers three private bedroom suites, a separate office/den, powder room, open-concept living, laundry facilities, and a private bayfront balcony. Volume ceilings and expansive glass invite natural light and frame the skyline and water views throughout. The gourmet kitchen features imported Italian cabinetry, quartz countertops, a Miele five-burner gas cooktop, and integrated Miele appliances. The primary suite is a true retreat with a spa-inspired bath showcasing designer Italian cabinetry, porcelain undermount sinks, a soaking tub and a spacious walk-in shower. An 18-story boutique condominium of only 39 residences, DeMarcay uniquely weaves modern architecture with Sarasota history, thoughtfully preserving and restoring the iconic facades of the original DeMarcay Hotel (1922) and the Roth Cigar Factory (1923–1938). A rare opportunity to live above it all: At the city’s most walkable crossroads surrounded by water, culture and coastal ease.

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Condo Active

Price

$ 3,950,000

Bedrooms

3

Full Bath

3

Half Bath

1

Property Type

Condo

Taxes

$ 0

Style

Condominium

Year Built

2024

Town/City

Sarasota

County/Region

Sarasota

MLS | Web ID

A4659041

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities BB/HS Internet Available Cable Available Electricity Connected Phone Available 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 Recreational Facilities 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 1601
Property Subtype Condominium
Tax Year 2024
Ownership Condominium
Community Features Clubhouse 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 Ave 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.
City SARASOTA
Association Name Edward Bustamante
Senior Community Y/N false
MLS Area 34236 - Sarasota
Carport Y/N false
Listing Terms Cash Conventional
Land Lease Y/N false
Tax Annual Amount 0
Property Condition Completed
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://app.cloudpano.com/tours/crD4SRU4zOYB2?mls=1
Building Area Units Square Feet
Living Area Units Square Feet
Builder Name Voeller Construction
Standard Status Active
Occupancy Type Vacant
Tax Lot 1601
Legal Description UNIT 1601 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
Parking Features Circular Driveway Covered On Street Portico Valet
Lot Features City Lot Near Marina Near Public Transit Sidewalk
Water Source Public
Foundation Details Pillar/Post/Pier
Building Area Total 3661
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
Covered Spaces 2
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* Excluded Features
List By
Premier Sotheby's International Realty

Broker

Andrew.Tanner@premiersir.com

Email

Affordability Calculator

$24,321
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Monthly Principal & Interest
$24,321
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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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/17/2026$3,950,000 -8.14% Price Down
12/19/2025$4,300,000 Listed Price

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33 S PALM AVENUE 1601, Sarasota, FL, 34236 is a Condo for sale at $3,950,000 with 3,407 sqft. 33 S PALM AVENUE 1601 has 3 bedrooms, 3.1 baths, and was built in 2024. The property's zip code is 34236 which is in Sarasota, FL