Listing provided courtesy of PREMIER SOTHEBY'S INTERNATIONAL REALTYas Distributed by MLSGrid- MLS# MFRA4657527MLS Provider

33 S PALM AVENUE #1501SARASOTA, FL 34236

Condo · 3 Beds · 3 Full Baths · 1 Half Bath · 3,407 Sq. ft. | 0.20 Acres
$3,750,000 Active

33 S PALM AVENUE #1501 Overview

Time on Site:
363 days
Visits:
4

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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33 S PALM AVENUE #1501 Facts & Features

  • Type Condo
  • Sq. ft. 3,407
  • Price/Sq.ft. $1,101
  • Lot 0.20 Acres

Details

General

Association/HOA

  • Association Fee Includes: Pool,Escrow Reserves Fund,Insurance,Maintenance Structure,Management,Pest Control,Sewer,Trash,Water
  • Association Name: Edward Bustamante
  • Association: No

School Information

  • Elementary School: Southside Elementary
  • Middle Or Junior School: Booker Middle
  • High School: Sarasota High

Building Information

  • Builder Model: A
  • Builder Name: Voeller Construction
  • New Construction: Yes
  • Year Built: 2024

Location/Region

  • Country: US
  • County Or Parish: Sarasota
  • MLS Area Major: 34236 - Sarasota
  • Subdivision Name: DEMARCAY

Community/Development

  • Community Features: Clubhouse,Deed Restrictions,Fitness Center,Pool,Sidewalks

Tax Information

  • Tax Annual Amount: 0
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional
  • Ownership: Condominium
  • Parcel Number: 2027057031
  • Pets Allowed: Yes
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: None
  • Zoning: DTB

Interior

Parking Information

  • Garage Spaces: 2
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Bathrooms Total: 4
  • Bedrooms Total: 3

Building Interior

  • Building Area Source: Builder
  • Building Area Total: 3661
  • Building Area Units: Square Feet

General Information

  • Appliances: Built-In Oven,Convection Oven,Cooktop,Dishwasher,Disposal,Dryer,Exhaust Fan,Microwave,Range Hood,Refrigerator,Washer,Wine Refrigerator
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Tile
  • Foundation Details: Pillar/Post/Pier
  • Heating: Central
  • Interior Features: Eat-in Kitchen,High Ceilings,Open Floorplan,Stone Counters,Thermostat,Walk-In Closet(s)
  • Laundry Features: Laundry Room
  • Levels: One
  • Living Area: 3407
  • Living Area Source: Builder
  • Living Area Units: Square Feet
  • Security Features: Fire Sprinkler System,Key Card Entry,Secured Garage/Parking,Smoke Detector(s)
  • Stories Total: 18

Unit Information

  • Unit Number: 1501

Exterior

Parking Information

  • Parking Features: Assigned,Circular Driveway,Covered,On Street,Portico,Valet

Lot Information

  • Additional Parcels: No
  • Lot Features: City Limits,Near Marina,Near Public Transit,Sidewalk
  • Lot Size Acres: 0.2
  • Road Surface Type: Asphalt
  • Water Source: Public

Waterfront/View

  • View: City,Water,Gulf/Ocean - Partial
  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: Yes
  • Construction Materials: Concrete,Stucco
  • Direction Faces: Southwest
  • Patio And Porch Features: Covered,Patio
  • Roof: Concrete

General Information

  • Carport: No
  • Exterior Features: Balcony,Sidewalk,Sliding Doors,Storage
  • Pool Private: No
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available,Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected

Room Information

Room: Bedroom 2

  • Level: First
  • Dimensions: 13x14
  • Length: 14
  • Width: 13
  • Features: En Suite Bathroom

Room: Bedroom 3

  • Level: First
  • Dimensions: 12x14
  • Length: 14
  • Width: 12
  • Features: En Suite Bathroom

Room: Dining Room

  • Level: First
  • Dimensions: 24x15
  • Length: 15
  • Width: 24

Room: Foyer

  • Level: First
  • Dimensions: 5x19
  • Length: 19
  • Width: 5

Room: Kitchen

  • Level: First
  • Dimensions: 11x23
  • Length: 23
  • Width: 11
  • Features: Breakfast Bar,Cooking Island,Stone Counters,Walk-In Pantry

Room: Laundry

  • Level: First
  • Dimensions: 6x9
  • Length: 9
  • Width: 6

Room: Living Room

  • Level: First
  • Dimensions: 24x16
  • Length: 16
  • Width: 24

Room: Office

  • Level: First
  • Dimensions: 11x16
  • Length: 16
  • Width: 11

Room: Primary Bathroom

  • Level: First
  • Dimensions: 10x13
  • Length: 13
  • Width: 10
  • Features: Double Vanity,Garden Bath,Stone Counters,Tub with Separate Shower Stall,Water Closet/Priv Toilet

Room: Primary Bedroom

  • Level: First
  • Dimensions: 15x19
  • Length: 19
  • Width: 15
  • Features: En Suite Bathroom

33 S PALM AVENUE #1501 Neighborhood

Community

34236 (SARASOTA) Demographics

67
Median Age
1,633
Population Density (per sq. mile)
64%
College Educated
$80,761
Estimated Median Income
4,713
Estimated Total Home Owners
2,939
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

33 S PALM AVENUE #1501 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

33 S PALM AVENUE #1501 Market Data

Based on the last 30 days in this zip code

$3,322,032
Average List Price
$1,279
Average Price per Square Foot
52
Properties Sold
266
Average Days on Market
584
Properties for Sale
Calculations provided by Reliance Network

33 S PALM AVENUE #1501 History

Date Event Value Agent
3/17/2026Source: My Florida Regional MLS Price Reduction
$3,750,000 -5.1%
11/24/2025Source: My Florida Regional MLS Price Reduction
$3,950,000 -5.8%
7/31/2025Source: My Florida Regional MLS Added to Database
July 02, 2025