Property
ActiveCondo
1/55
$3,750,000

33 S PALM AVENUE 1501

Sarasota, FL 34236
3
Beds
4
Baths
3,407
SqFt
0.2
Acres
STELLAR
#A4657527
Updated: Jun 18, 2026, 1:08pm

Property Description

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. 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 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.
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Included Appliances
Built-In OvenConvection OvenCooktopDishwasherDisposalDryerExhaust FanMicrowaveRange HoodRefrigeratorWasherWine Refrigerator

Property Details

Highlights
View
Yes
Interior
Additional Rooms
Den/Library/Office
Appliances
Built-In OvenConvection OvenCooktopDishwasherDisposalDryerExhaust FanMicrowaveRange HoodRefrigeratorWasherWine Refrigerator
Bathrooms Total Decimal
3.5
Building Area Total
3661
Cooling
Central Air
Floor Number
15+
Flooring
Porcelain Tile
Heating
Central
Interior Features
Eating Space In KitchenHigh CeilingsOpen FloorplanStone CountersThermostatWalk-In Closet(s)
Laundry Features
Laundry Room
Living Area
3407
Rooms Total
10
Security Features
Fire Sprinkler SystemKey Card EntrySmoke Detector(s)
Construction
Builder License Number
CGC061702
Builder Model
A
Builder Name
Voeller Construction
Building Area Source
Builder
Building Area Units
Square Feet
Common Walls
Corner Unit
Construction Materials
ConcreteStucco
Direction Faces
Southwest
Foundation Details
Pillar/Post/Pier
Levels
One
Living Area Source
Builder
Living Area Units
Square Feet
New Construction
Yes
Num Timesper Year
4
Property Condition
Completed
Roof
Concrete
Stories Total
18
Year Built
2024
Site & Exterior
Covered Spaces
2
Exterior Features
BalconySidewalkSliding DoorsStorage
Flood Zone Code
AE
Garage Spaces
2
I D X Participation
Yes
Lot Features
City LotNear MarinaNear Public TransitSidewalk
Lot Size Acres
0.2
Lot Size Area
8712
Lot Size Units
Square Feet
Open Parking
Yes
Parking Features
AssignedCircular DrivewayCoveredOn StreetPorticoValet
Patio And Porch Features
CoveredPatio
Road Surface Type
Asphalt
Sewer
Public Sewer
Utilities
BB/HS Internet AvailableCable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
View
CityWater
Water Source
Public
Water View
Yes
Zoning
DTB
Financials
Association Fee Includes
Community PoolEscrow Reserves FundInsuranceMaintenance StructureManagerPest ControlPool MaintenanceSewerTrashWater
Calculated List Price By Calculated Sq Ft
1100.68
Condo Fees
4886
Condo Fees Term
Monthly
Contract Status Change Date
2025-07-02
Current Price
3750000
Feed Types
BBO
Lease Considered
Yes
Minimum Lease
3 Months
Monthly Condo Fee Amount
4886
Owner Name
ON RECORD
Ownership
Condominium
Parcel Number
2027057031
Tax Legal Description
UNIT 1501, DEMARCAY, CB 50 PG 52-70
Tax Lot
1501
Tax Year
2024
Total Annual Fees
58632
Total Monthly Fees
4886

Neighborhood & Lifestyle

Community & Association
Additional Lease Restrictions
Follow rules and regulations of the association
Association Approval Required
Yes
Association Name
Edward Bustamante
Association Phone
866-378-1099
Community Features
ClubhouseDeed RestrictionsFitness CenterPoolSidewalks
Lease Restrictions
Yes
M L S Area Major
34236 - Sarasota
Number Of Pets
2
Pets Allowed
Yes
S W Subdiv Community Name
Not Applicable
Subdivision Name
DEMARCAY
Schools
Ratings
Elementary
Southside Elementary
Middle
Booker Middle
High
Sarasota High
Listing provided courtesy of STELLAR via IDX. Updated: Jun 18, 2026, 1:08pm.
Andrew Tanner

Listing Agent

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Call Agent