33 S Palm Avenue Unit 1601, Sarasota, FL 34236

$3,950,000
3
BD
4
BA
3,407
SqFt

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List Price
$3,950,000
Status
Pending
Days on Market
268
Price Change
▼ $350,000 1773778862
MLS#
A4659041
Property Style
Condo
New Construction
Yes
Year Built
2024
Bedrooms
3
Bathrooms
4
Baths Half
1
Living Area
3,407
Building Name
The Demarcay
Monthly Condo Fee
4886
Legal Subdivision Name
Demarcay
MLS Area Major
Sarasota

Property Description

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.

Additional Information

Minimum Lease
3 Months
Maintenance Includes
Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Management, Pest Control, Recreational Facilities, Sewer, Trash, Water
Condo Fees
$4886
Condo Fees Term
Monthly
Location
City Limits, Near Marina, Near Public Transit, Sidewalk
Community Features
Clubhouse, Fitness Center, Pool, Sidewalks, No Deed Restriction
Property Description
One Story
Zoning
DTB
Interior Layout
Eat-in Kitchen, High Ceilings, Open Floorplan, Stone Counters, Thermostat, Walk-In Closet(s)
Interior Features
Eat-in Kitchen, High Ceilings, Open Floorplan, Stone Counters, Thermostat, Walk-In Closet(s)
Floor
Tile
Appliances
Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
Utilities
BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Concrete, Stucco
Exterior Features
Balcony, Sidewalk, Sliding Doors
Roof
Concrete
Foundation
Pillar/Post/Pier
Pool
Community
Garage Carport
2 Car Garage
Garage Spaces
2
Garage Features
Circular Driveway, Covered, On Street, Portico, Valet
Water View
Bay/Harbor - Full, Gulf/Ocean - Partial
Pets
Allowed
Flood Zone Code
AE
Parcel ID
2027057034
Legal Description
UNIT 1601, DEMARCAY, CB 50 PG 52-70

Listing courtesy of PREMIER SOTHEBY'S INTERNATIONAL REALTY. 941-364-4000

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