Residential Property - Condominium in Sarasota
Listing Price: $3,950,000 (Mortgage Calculator →)Cumulative Days on Market: 287
Description of Property
$50,000 CREDIT AT CLOSING TOWARD BLINDS AND CLOSET BUILD-OUTS. 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. 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 Details At A Glance
Property Type: Residential
Property Use or Sub Type: Condominium
City: Sarasota
County: Sarasota
Subdivision: Demarcay
Bedrooms: 3
Bathrooms: 3
Half Baths: 1
Sq. Ft. Gross: 3,661
Sq. Ft. Living Area: 3,407
Cost per (heated) sqare foot: $1,159
Year built: 2024
Condo Fee: $4,886 Monthly
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
- Water
Appliances: Wine Refrigerator
Additional Rooms: Den/Library/Office
Flooring: Porcelain Tile
Schools
Elementary School: Southside Elementary
Middle/Junior High School: Booker Middle
High School: Sarasota High
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction: Stucco
Foundation: Pillar/Post/Pier
Roof: Concrete
Exterior Features: Storage
Garage: Yes
Garage Spaces: 2
Parking Features: Valet
Floors Total: 18
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Patio & Porch Features: Patio
Security Features: Smoke Detector(s)
View: Water
Sewer: Public Sewer
Water Source: Public
Community Features: Sidewalks
Lot Information
Lot Features: Sidewalk
Lot Size (acres): 0.2
Front Exposure: Southwest
Legal Description & Other Information
Financing Available: Conventional
Parcel Number: 2027057031
Zoning: DTB
Pets Allowed/Pet Policies: Yes
New Construction: Yes
Tax Legal Desc.: UNIT 1501, DEMARCAY, CB 50 PG 52-70
Listing courtesy of PREMIER SOTHEBY'S INTERNATIONAL REALTY. 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.