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$3,750,000

33 S PALM AVENUE UNIT 1501, SARASOTA, FL 34236

3D Tour
Active489 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

Above It All. In the Heart of Downtown Sarasota. At the celebrated intersection of Main Street and Palm Avenue, The DeMarcay offers an exceptional combination of penthouse living, panoramic water views and downtown Sarasota’s most desirable address. From its 15th-floor vantage point, this expansive residence commands sweeping views across the city skyline, Sarasota Bay and Big Pass to the Gulf of Mexico. Below, the best of Sarasota awaits within a few blocks with fine dining, art galleries, designer boutiques, performing arts, live music, the farmers’ market and the waterfront marina. St. Armands Circle and the white sands of Lido Beach are just three miles away, across the iconic Ringling Bridge. Crowning The DeMarcay, the 18th-floor bi-level amenity terrace offers 360-degree views of the city, bay and Gulf. Residents enjoy an owners’ lounge, fitness center, outdoor kitchen and pool terrace with inviting spaces for relaxing, gathering and watching the sunset. The building also provides 24-hour on-site staff and the distinction of being downtown Sarasota’s only condominium offering 24/7 valet parking. Encompassing 3,407 square feet, this bay-facing residence features three private bedroom suites, a separate office or den, powder room and open living and dining areas. High ceilings and expansive windows bring natural light into the interiors and frame the surrounding water and skyline. A private balcony extends the living space outdoors, overlooking Sarasota Bay. The kitchen features imported Italian cabinetry, quartz countertops, a five-burner Miele gas cooktop and integrated Miele appliances. The primary suite includes a spacious bath with Italian designer cabinetry, porcelain undermount sinks, a soaking tub and a large walk-in shower. Rising 18 stories with just 39 private residences, The DeMarcay offers an intimate residential with a distinctive architectural legacy. The restored historic facades of the original DeMarcay Hotel, dating to 1922, and the Roth Cigar Factory, dating to the 1920s, connect this exceptional modern residence to Sarasota’s storied past. The combination of bay and Gulf views, generous living space, 24-hour valet service and a walkable downtown address makes this Penthouse Collection residence a distinctive opportunity in the very center of downtown Sarasota.

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

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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
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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: November 3, 2026.

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