$3,750,000
33 Palm Avenue
Sarasota, FL 34236
Listing updated: March 20, 2026 at 4:27 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage spaces
Flood zone
About this home
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.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history261 days on market
- Status: ActiveJul 2, 2025
- Listed$4,195,000Jul 2, 2025
- Price reduced$3,750,000
Virtual Tour
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Days on market
- 261
- Cumulative DOM
- 312
- Subdivision
- Demarcay
- County
- Sarasota
- Year built
- 2024
- Living area
- 3,407 sq ft
- Price/sq ft
- $1,101
- Building area
- 3,661 sq ft (Builder)
- Lot size
- 0.2 acres
- Flood zone
- AE (12115C0133G)
- Garage
- 2 spaces
- Parcel #
- 2027057031
- Zoning
- DTB
- MLS #
- A4657527
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Interior Details
- Bedrooms
- 3
- Full bathrooms
- 3
- Half bathrooms
- 1
- Flooring
- Tile
- Appliances
- Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
- Interior features
- Eat-in Kitchen, High Ceilings, Open Floorplan, Stone Counters, Thermostat, Walk-In Closet(s)
- Laundry
- Laundry Room
- Stories / Levels
- One
- Direction faces
- Southwest
- New construction
- Yes
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
Parking
- Garage spaces
- 2
- Attached garage
- Yes
- Parking features
- Assigned, Circular Driveway, Covered, On Street, Portico, Valet
HOA & Financial
- Total monthly fees
- $4,886/mo
- Total annual fees
- $58,632
- HOA name
- Edward Bustamante
- CDD
- No
- Min lease term
- 3 Months
- Listing terms
- Cash, Conventional
- Ownership
- Condominium
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- Follow rules and regulations of the association
- Approval process
- Submit application and $75 application fee to the association for approval.
Exterior & Construction
- Exterior features
- Balcony, Sidewalk, Sliding Doors, Storage
- Construction materials
- Concrete, Stucco
- Roof
- Concrete
- Foundation
- Pillar/Post/Pier
- Water view
- Yes
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community
- Pets allowed
- Yes
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Foyer | First | 5x19 |
| Kitchen | First | 11x23 |
| Dining Room | First | 24x15 |
| Living Room | First | 24x16 |
| Primary Bedroom | First | 15x19 |
| Primary Bathroom | First | 10x13 |
| Bedroom 2 | First | 13x14 |
| Bedroom 3 | First | 12x14 |
| Office | First | 11x16 |
| Laundry | First | 6x9 |
Listing Details
- Listing date
- 2025-07-02
- On market date
- 2025-07-02
- Original list price
- $4,195,000
- Occupant type
- Owner
- MLS area
- 34236 - Sarasota
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2025-07-02
- Tax legal description
- UNIT 1501, DEMARCAY, CB 50 PG 52-70
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From I75, take the Fruitville Avenue 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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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of March 20, 2026 at 4:27 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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