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33 S Palm Avenue #1601

SARASOTA, FL 34236
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Bed 3

Bed

Bath 4

Bath

SqFt3,407

Sqft

Under contract-accepting backup offers. Penthouse Collection residence on the 16th floor of the newly built DeMarcay, capturing commanding vistas over downtown Sarasota, Sarasota Bay, Big Pass and the Gulf. Perfectly positioned at the corner of Main Street and Palm Avenue, this address places art galleries, acclaimed dining, boutiques, theaters, the farmers’ market, the city marina, wellness studios and live music within an easy stroll. Plus, St. Armands Circle and Lido Beach are just three miles across the Ringling Bridge. DeMarcay sets a new benchmark for downtown living with elevated, resort-inspired amenities crowned by an 18th-floor bi-level terrace with 360-degree views. Residents enjoy a state-of-the-art fitness center, club lounge, outdoor kitchen, and a spectacular pool terrace designed for sunset lounging and entertaining, supported by dedicated on-site staff available 24/7 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 16th floor, this elegant 3,407-square-foot residence offers three private bedroom suites, a separate office/den, powder room, open-concept living, laundry facilities, and a private bayfront balcony. Volume ceilings and expansive glass invite natural light and frame the skyline and water views throughout. The gourmet kitchen features imported Italian cabinetry, quartz countertops, a Miele five-burner gas cooktop, and integrated Miele appliances. The primary suite is a true retreat with a spa-inspired bath showcasing designer Italian cabinetry, porcelain undermount sinks, a soaking tub and a spacious walk-in shower. An 18-story boutique condominium of only 39 residences, DeMarcay uniquely weaves modern architecture with Sarasota history, thoughtfully preserving and restoring the iconic facades of the original DeMarcay Hotel (1922) and the Roth Cigar Factory (1923–1938). A rare opportunity to live above it all: At the city’s most walkable crossroads surrounded by water, culture and coastal ease.

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Detail Ic Property Details

Property Type : Residential

Price : $3,950,000

AD Id : 66025554

MLS Id : MFRA4659041

Beds : 3

Living Area Size : 3,407

Year Built : 2024

Garage : 2

County : Sarasota

Subdivision: Demarcay

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Feature Features

  • Bedroom Information

    Total Bedroom: 3

    Bathroom Information

    Total Baths: 4 Full Baths: 3 Half Baths: 1

    Interior Features

    Eat-in Kitchen, High Ceilings, Open Floorplan, Stone Counters, Thermostat, Walk-In Closet(s) Roof: Concrete Appliances: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator Laundry Features: Laundry Room

    Roofing Information

    Concrete
  • Flooring Information

    Flooring: Tile Construction Materials: Concrete, Stucco
  • Heating & Cooling

    Heating: Central Cooling: Central Air WaterSource: Public

  • Building Information

    Year Built: 2024
  • Exterior Features

    Balcony, Sidewalk, Sliding Doors Construction Materials: Concrete, Stucco Foundation Details: Pillar/Post/Pier

  • Lot Information

    Lot Description: City Limits, Near Marina, Near Public Transit, Sidewalk

    Property Information

    Property Type: Residential Sub Type: Condominium

  • Listing Price Information

    Original List Price:$4300000

  • Tax Information

    Tax Lot: 1601 Tax Legal Description: UNIT 1601, DEMARCAY, CB 50 PG 52-70 Annual Tax: $0 Tax Year: 2024 Parcel Number: 2027057034

  • Parking Information

    Circular Driveway, Covered, On Street, Portico, Valet

    Garage Information

    Has Garage: Yes Garage Space: 2

    Homeowners Association Information

    Included Fees: Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Management, Pest Control, Recreational Facilities, Sewer, Trash, Water

  • Utility Information

    BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: DEMARCAY City: SARASOTA Direction: From I75, take the Fruitville Ave 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.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Undisclosed Address, Sarasota, FL, 34236 $7,200,000 3 4 4,081 4,081 SqFt
65 S Palm Ave #1205, Sarasota, FL, 34236 $6,475,000 3 4 3,302 3,302 SqFt
Undisclosed Address, Sarasota, FL, 34236 $6,800,000 3 4 3,350 3,350 SqFt
Undisclosed Address, Sarasota, FL, 34236 $10,400,000 4 5 4,482 4,482 SqFt
Undisclosed Address, Sarasota, FL, 34236 $8,500,000 4 5 4,482 4,482 SqFt
Undisclosed Address, Sarasota, FL, 34236 $14,150,000 4 5 4,942 4,942 SqFt
65 S Palm Ave #1503, Sarasota, FL, 34236 $8,275,000 4 5 3,734 3,734 SqFt
850 S Tamiami Trail #801, Sarasota, FL, 34236 $325,000 2 2 980 980 SqFt
1990 Main Street #4, Sarasota, FL, 34236 $575,000 2 2 1,453 1,453 SqFt
825 S Osprey Avenue #101, Sarasota, FL, 34236 $499,000 2 2 1,260 1,260 SqFt
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ByOwner last updated this listing 06/12/2026 @ 18:20

MLS: MFRMLS #A4659041 LISTED BY: Andrew Tanner, PREMIER SOTHEBY'S INTERNATIONAL REALTY 941-364-4000 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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