Price Reduced 5.84%

$3,950,000 ($1,159.38 per sqft)

Est. Mortgage $18,946/mo *

Quick Pre-Approval

Price History

$4,195,000
7/2/2025

$3,950,000
11/24/2025


33 S PALM AVENUE, #1501, Sarasota, FL, 34236

33 S PALM AVENUE, #1501, Sarasota, FL, 34236

10 rooms

3 beds

3 Full / 1 Half baths

2024

3,407 sqft

$50,000 CREDIT AT CLOSING TOWARD BLINDS AND CLOSET BUILD-OUTS. 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. 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.


Status:

Active

Type:

Condo

Laundry Remarks:

Laundry Room

Complex:

DEMARCAY

Garage:

2-car Assigned, Circular Driveway, Covered, On Street, Portico, Valet

Heating:

Central

Cooling:

Central Air

Levels:

18

Acreage:

0.2

Condo Fee

4886.0000

Construction

Concrete, Stucco

Utilities

BB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Lot Description:

City Lot, Near Marina, Near Public Transit, Sidewalk

View Description:

City, Water

Elementary School:

Southside Elementary

Middle School:

Booker Middle

High School:

Sarasota High

Days on Market:

236

Elevator:

Y

Pet Policy:

Yes

Appliances:

Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator

Min Lease Term:

3 Months

MLS #:

A4657527


Community Info

School Info

Walk Score

Yelp


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