Listing Details for MLS #A4596347
33 S Palm Avenue Unit 1501, Sarasota, Fl

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    Residential Property - Condominium in Sarasota

    Listing Price: $7,200,000 (Mortgage Calculator →)Days on Market: 36

    Description of Property

    One or more photo(s) has been virtually staged. Under Construction. Photos have been virtually staged. Delivering Q2 of 2024. The DeMarcay is an 18-story boutique condominium of only 39 residences located on the highly sought-after South Palm Avenue in downtown Sarasota. This upgraded Penthouse Collection Residence was just released by the developer and offers the unique opportunity to purchase new construction and move in this Spring. The 3,407 SF residences offers 3 bedrooms plus a den and 3.5 bathrooms, 11-foot ceilings, large windows, and 2 terraces that feature unparalleled 180-degree views of Sarasota Bay, the Ringling Bridge and beyond. The chef’s kitchen offers an integrated design complete with an upgraded Miele appliance package including a gas cooktop, quartz countertops, and Italian custom cabinetry. A walk-in pantry, under counter wine fridge, and dry bar make this residence perfect for entertaining friends and family. Wake up to bay views from the owners’ suite that also features a generous walk-in closet and a spa-inspired bathroom with floating vanities, a frameless glass shower, a standalone soaking tub, and private water closet. The den is conveniently located adjacent to the owners’ suite with a separate terrace, making working from home a pleasure. The residence includes two assigned parking spaces with valet access required. The thoughtful amenities are found on the 18th floor including a beautiful clubhouse with a fitness center, catering kitchen, and two terraces offering unobstructed views of the bay and downtown. Entertaining options include an outdoor kitchen and dining area. Just beyond relax in the rooftop pool while enjoying breathtaking water views. There will be on-site staff available 24/7 providing resident services for owners whether they are in town or traveling. This reinvention of the 1922 DeMarcay Hotel artfully pays homage to its past while claiming its place as one of the few new construction buildings of its type in this location. Note: Pictures provided are renderings and may not be of this home; they are meant to represent the interior finishes for this community.The average asking price for a 3 bedroom/3 bath condominium in this Zip code is $3,448,396. This condominium is listed at about 209% of the average asking price. There are 5 3 bedroom/3 bath homes between $6,400,000 and $8,000,000 currently listed for sale in this Zip code. See other listings like this one »

    The DeMarcay at Dusk - MLS #A4596347 - SARASOTA
    Clubroom - MLS #A4596347 - SARASOTA
    Valet Parking - MLS #A4596347 - SARASOTA
    Lobby - MLS #A4596347 - SARASOTA
    Lobby/elevators - MLS #A4596347 - SARASOTA
    Roof top Pool view - MLS #A4596347 - SARASOTA
    View from Residence 1501 - MLS #A4596347 - SARASOTA
    Great Room - MLS #A4596347 - SARASOTA
    Chefs Kitchen - MLS #A4596347 - SARASOTA
    Owners Suite - MLS #A4596347 - SARASOTA
    Owners Bath - MLS #A4596347 - SARASOTA
    Second Bedroom - MLS #A4596347 - SARASOTA
    Third Bedroom - MLS #A4596347 - SARASOTA
    Clubroom - MLS #A4596347 - SARASOTA

    Property Details At A Glance

    Property Type: Residential
    Property Use or Sub Type: Condominium
    City: Sarasota
    County: Sarasota
    Subdivision: The Demarcay
    Bedrooms: 3
    Bathrooms: 3
    Half Baths: 1
    Sq. Ft. Gross: 3,661
    Sq. Ft. Living Area: 3,407
    Cost per (heated) sqare foot: $2,113
    Year built: 2023
    Annual Tax: $3

    Condo Fee: $3,504 Monthly
    Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.

    Association Fee Includes:

    • Community Pool
    • Escrow Reserves Fund
    • Gas
    • Insurance
    • Maintenance Structure
    • Manager
    • Pest Control
    • Pool Maintenance
    • Sewer
    • Trash
    • Water

    Interior Features:

    • High Ceiling(s)
    • Open Floorplan
    • Walk-In Closet(s)


    • Built-In Oven
    • Cooktop
    • Dishwasher
    • Disposal
    • Dryer
    • Exhaust Fan
    • Freezer
    • Microwave
    • Range
    • Range Hood
    • Refrigerator
    • Washer

    Accessibility Features:

    Window Features:

    Additional Rooms:

    Ceiling Type:
    Flooring: Porcelain Tile

    Laundry Features: Inside, Laundry Room

    Pool & Waterfront Info

    Private Pool: Not specified

    Pool Features:

    • Heated
    • Lighting
    • Salt Water

    Spa Features:
    Water Frontage:
    Water Access: Not specified
    Water Access Type:
    Water View: Bay/Harbor - Full

    Water Extras:

    Exterior & Construction

    Architectural Style:
    Construction: Concrete
    Foundation: Slab
    Roof: Concrete
    Exterior Features: Balcony
    Garage: Yes
    Garage Spaces: 2

    Parking Features:
    • Assigned
    • Circular Driveway
    • Covered
    • Driveway
    • Guest
    • Off Street
    • Portico
    • Valet

    Floors Total: 18
    Floors in Unit: Three Or More
    Cooling: Central Air
    Heating & Fuel: Central
    Patio & Porch Features: Covered
    Security Features:
    Other Structures:
    View: Water

    Utilities: Public
    Sewer: Septic Needed
    Water Source: Public
    Community Features: Deed Restrictions, Pool
    Association Amenities:

    Lot Information

    Lot Features:
    Front Exposure: Southwest
    Adjoining Property:
    Current Adjacent Use:

    Legal Description & Other Information

    Financing Available: Cash, Conventional
    Parcel Number: 20270500061501
    Pets Allowed/Pet Policies: Yes
    New Construction: Yes
    Tax Legal Desc.: Lot 3, Blk B, Resub of Blks C & D, Plat of Sarasota, Gillespie Place, Plat Book 1 page 1, 11A & Lot 4, BLK 5, Resub of Blks C&D Plat of Sarasota



    Listing courtesy of MICHAEL SAUNDERS & COMPANY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

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