Price Reduced 8.14%

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

Pending

Est. Mortgage $19,200/mo *

Quick Pre-Approval

Price History

$4,300,000
7/17/2025

$3,950,000
3/17/2026


33 S PALM AVENUE, #1601, Sarasota, FL, 34236

33 S PALM AVENUE, #1601, Sarasota, FL, 34236

10 rooms

3 beds

3 Full / 1 Half baths

2024

3,407 sqft

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.


Status:

Pending

Type:

Condo

Laundry Remarks:

Laundry Room

Complex:

DEMARCAY

Garage:

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

Heating:

Central

Cooling:

Central Air

Levels:

18

Condo Fee

4886.0000

Construction

Concrete, Stucco

Utilities

BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected

Lot Description:

City Lot, Near Marina, Near Public Transit, Sidewalk

View Description:

City, Water

Days on Market:

268

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 #:

A4659041


Community Info

School Info

Walk Score

Yelp



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