Skip to main content
1 / 55

$3,750,000

33 S PALM AVENUE UNIT 1501, SARASOTA, FL 34236

3D Tour
Active461 days on market

Beds

3

Baths

4

Sq Ft

3,407 sq ft

Year Built

2024

Lot Size

0.20 acres

Garage

2

About This Property

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.

Property Overview

Property TypeResidential
Sub TypeCondominium
MLS #A4657527
StatusActive
Year Built2024
Stories18
Total Rooms10
ConstructionConcrete, Stucco
RoofConcrete
FoundationPillar/Post/Pier
FacesSouthwest
SubdivisionDEMARCAY
CountySarasota
OwnershipCondominium
New ConstructionYes

Interior Features

InteriorEating Space In Kitchen, High Ceilings, Open Floorplan, Stone Counters, Thermostat, Walk-In Closet(s)
FlooringPorcelain Tile
AppliancesBuilt-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
LaundryLaundry Room
CoolingCentral Air
HeatingCentral
SecurityFire Sprinkler System, Key Card Entry, Smoke Detector(s)

Exterior & Lot

ExteriorBalcony, Sidewalk, Sliding Doors, Storage
Lot Size0.20 acres ( sq ft)
Lot FeaturesCity Lot, Near Marina, Near Public Transit, Sidewalk
Road SurfaceAsphalt
ViewCity, Water
0

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesBB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Parking

GarageYes (2 spaces)

HOA & Community

HOANo
Senior CommunityNo

Financial Details

List Price$3,750,000
Original Price$4,195,000
FinancingCash, Conventional
ZoningDTB
Parcel #2027057031

Schools

ElementarySouthside Elementary
MiddleBooker Middle
HighSarasota High

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.

Location

33 S PALM AVENUE UNIT 1501, SARASOTA, FL 34236

Listing Information

OfficePREMIER SOTHEBY'S INTERNATIONAL REALTY
ListedJuly 2, 2025

Schedule a Tour

Pick a Day

Preferred Time

Scheduling is free, and you can cancel anytime.

Home Price

$3,750,000

20% ($750,000)
6.75%

Loan Term

Principal & Interest$19,458
Property Tax (est.)$3,438
Insurance (est.)$150
Total Monthly$23,045
Full Calculator →

Nearby Schools

More Homes in Sarasota

More Homes in Sarasota

Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: August 7, 2026.

Call (813) 733-7907TextContact