Residential Property - Condominium in Sarasota
Listing Price: $1,875,000 (Mortgage Calculator →)
Description of Property
Penthouse Luxury at The DeMarcay – Introducing a rare opportunity to own a new construction, never-lived-in Penthouse Residence with sweeping water views that can be purchased furnished or unfurnished. The DeMarcay is an 18-story boutique condominium perfectly positioned on prestigious Palm Avenue in downtown Sarasota. This 2-bedroom, 2-bath home on the 17th floor offers expansive views of the bay, bridge and downtown Sarasota, meticulous designer finishes, and a truly elevated living experience. Soaring 14-foot ceilings and over-sized windows create an airy, light-filled interior, enhanced by custom electronic privacy window treatments throughout and blackout window treatments in the primary bedroom for ultimate comfort. The open concept living space features a kitchen with Italian cabinetry, quartz countertops, and Miele appliances including a gas cooktop. Custom built-out closets and walk-in pantry add both style and function, while upgraded engineered hardwood and porcelain tile flooring completes the modern aesthetic. Step onto the private terrace to enjoy breathtaking vistas of Sarasota and the bay. Head to the 18th-floor rooftop to indulge in unobstructed 360-degree views, a heated saltwater pool, outdoor kitchen, and spacious outdoor entertainment areas. Inside, you'll find a fitness center and elegant club room with a dining space, lounge area, and catering kitchen. With 24/7 on-site staff, The DeMarcay offers a truly turn-key, lock-and-leave lifestyle—perfect for full-time residents or seasonal escapes. Don't miss your chance to own a pristine, high-design penthouse in the heart of Sarasota’s cultural and dining district.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Condominium
City: Sarasota
County: Sarasota
Subdivision: The Demarcay
Bedrooms: 2
Bathrooms: 2
Sq. Ft. Gross: 1,683
Sq. Ft. Living Area: 1,562
Cost per (heated) sqare foot: $1,200
Year built: 2024
HOA Fee: $1,992 Monthly
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
- 24-Hour Guard
- Community Pool
- Escrow Reserves Fund
- Gas
- Insurance
- Maintenance Structure
- Manager
- Pest Control
- Pool Maintenance
- Recreational Facilities
- Security
- Sewer
- Trash
- Water
Interior Features:
- Eating Space In Kitchen
- High Ceilings
- Kitchen/Family Room Combo
- L Dining
- Open Floorplan
- Solid Surface Counters
- Solid Wood Cabinets
- Walk-In Closet(s)
Appliances:
- Built-In Oven
- Cooktop
- Dishwasher
- Disposal
- Dryer
- Exhaust Fan
- Freezer
- Microwave
- Range
- Range Hood
- Refrigerator
- Washer
Accessibility Features:
Window Features: Insulated Windows, Low-Emissivity Windows
Additional Rooms: Inside Utility
Ceiling Type:
Flooring: Engineered Hardwood, Porcelain Tile
Schools
Elementary School: Southside Elementary
Middle/Junior High School: Booker Middle
High School: Sarasota High
Pool & Waterfront Info
Private Pool: Not specified
Pool Features: Heated, Salt Water
Spa Features:
Water Frontage:
Water Access: Yes
Water Access Type: Bay/Harbor
Water View: Bay/Harbor - Full
Exterior & Construction
Architectural Style: Contemporary, Historical
Construction: Concrete, Stucco
Foundation: Slab
Roof: Concrete
Exterior Features: Balcony
Garage: Yes
Garage Spaces: 1
- Assigned
- Circular Driveway
- Covered
- Driveway
- Off Street
- Portico
- Valet
Floors Total: 18
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Electric:
Patio & Porch Features: Covered, Patio
Security Features:
- Fire Alarm
- Fire Sprinkler System
- Gated Community
- Smoke Detector(s)
Other Structures:
View: City, Water
Fencing:
Sewer: Public Sewer
Water Source: Public
Community Features:
- Association Recreation - Owned
- Clubhouse
- Deed Restrictions
- Fitness Center
- Pool
- Wheelchair Access
Association Amenities:
- Clubhouse
- Elevator(s)
- Fitness Center
- Gated
- Lobby Key Required
- Maintenance
- Pool
- Security
- Wheelchair Access
Lot Information
Lot Features:
- City Lot
- Near Marina
- Near Public Transit
- Sidewalk
Lot Size (acres): 0.02
Front Exposure: West
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash, Conventional
Parcel Number: 20270500061702
Pets Allowed/Pet Policies: Breed Restrictions, 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 11A and Lot 4, BLK B, Resub of Blks C & C, Plat of Sarasota.
Section: 19
Range: 18
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.