$1,995,000
33 Palm Avenue
Sarasota, FL 34236
Property type
Year built
Price / sq ft
HOA dues
Days on market
Garage spaces
Flood zone
About this home
Experience elevated downtown living in this exceptional residence at The DeMarcay. Unit 701 offers three spacious bedrooms and an elegant blend of modern finishes with timeless sophistication, creating the ideal balance of luxury and comfort. Expansive windows fill the home with natural light while framing breathtaking waterfront views of Sarasota Bay, the marina, downtown skyline and the iconic Ringling Bridge. Designed for entertaining and everyday living, the open-concept floor plan flows seamlessly onto a private balcony where you can enjoy vibrant sunsets and the energy of downtown Sarasota below. The chef-inspired kitchen features sleek contemporary design, premium finishes, a walk-in pantry and refined details throughout. Enhancing the residence is a state-of-the-art Lutron motorized shade system by Haven Smart, offering effortless convenience and modern luxury at touch of a button. The owner's suite is a private retreat featuring a beautifully upgraded custom closet and spa-inspired ambiance. Additional highlights include two assigned parking spaces in the secured garage, EV charger capability and an air-conditioned storage locker. With no pet restrictions, this residence offers flexibility for every lifestyle. Residents of The DeMarcay enjoy an unmatched collection of luxury amenities, highlighted by a stunning rooftop pool and entertaining deck overlooking the marina, Sarasota Bay, downtown skyline and the sparkling Ringling Bridge. The building also offers 24/7 valet service and on-site staff, delivering a lock-and-leave luxury lifestyle. Ideally in the heart of downtown Sarasota, this exceptional residence places you moments from world-class dining, boutique shopping, theaters, art galleries and the city’s vibrant cultural scene. Luxury waterfront living meets modern downtown convenience in one of Sarasota’s sought-after addresses.
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 history7 days on market
- Status: ActiveMay 27, 2026
- Listed$1,995,000May 27, 2026
- Price increased$1,995,000
Virtual Tour
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Days on market
- 7
- Cumulative DOM
- 184
- Subdivision
- The Demarcay
- County
- Sarasota
- Year built
- 2024
- Living area
- 2,229 sq ft
- Price/sq ft
- $895
- Building area
- 2,359 sq ft (Builder)
- Flood zone
- A,E
- Garage
- 2 spaces
- Parcel #
- 2027057001
- MLS #
- A4692948
Interior Details
- Bedrooms
- 3
- Full bathrooms
- 3
- Half bathrooms
- 1
- Flooring
- Tile
- Appliances
- Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Microwave, Range Hood, Refrigerator, Washer
- Interior features
- Eat-in Kitchen, High Ceilings, Open Floorplan, Walk-In Closet(s)
- Laundry
- Inside, Laundry Room
- Stories / Levels
- One
- Direction faces
- West
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
Parking
- Garage spaces
- 2
- Attached garage
- Yes
- Parking features
- Valet
HOA & Financial
- Total monthly fees
- $3,119/mo
- Total annual fees
- $37,428
- 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
- Buyer to verify any lease restrictions.
- Approval process
- Buyer to verify approval process.
Exterior & Construction
- Exterior features
- Balcony
- Construction materials
- Concrete, Stucco
- Roof
- Concrete
- Foundation
- Slab
- Water view
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Public, Sewer Connected
Community
- Pets allowed
- Yes
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Living Room | First | 15x15.7 |
| Kitchen | First | 11x23 |
| Dining Room | First | 12.9x14.3 |
| Primary Bedroom | First | 13.3x14.7 |
| Primary Bathroom | First | 10.1x13.6 |
| Bedroom 2 | First | 12x11.3 |
| Bedroom 3 | First | 9.6x15.6 |
| Bathroom 2 | First | |
| Bathroom 3 | First | |
| Laundry | First | 6.1x9 |
Listing Details
- Listing date
- 2026-05-27
- On market date
- 2026-05-27
- Original list price
- $1,995,000
- Occupant type
- Owner
- MLS area
- 34236 - Sarasota
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-05-27
- Tax legal description
- UNIT NO. 701, OF THE DEMARCAY, A CONDOMINIUM, ACCORDING TO THE DECLARATION OF CONDOMINIUM RECORDED IN OFFICIAL RECORDS INSTRUMENT NO. 2024140179 AND AS PER CONDOMINIUM BOOK 50, PAGE 52, OF THE PUBLIC RECORDS OF SARASOTA COUNTY, FLORIDA., AND ANY AMENDMENTS THERETO, TOGETHER WITH ITS UNDIVIDED SHARE IN COMMON ELEMENTS.
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 the intersection of US-41 (Tamiami Trail) and Fruitville Road in downtown Sarasota: Head south on US-41/Tamiami Trail for about 2 blocks. Turn left onto Main Street. Turn right onto South Palm Avenue. The DeMarcay Residences will be on your left at 33 S Palm Ave.
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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 June 3, 2026 at 2:18 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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