33 South Palm Avenue, Unit 1501

Sarasota, FL 34236

$7,200,000
Price
3
Beds
3
Baths
1
1/2 Bath
3,407 Sq. Ft.
$2,113 / Sq. Ft.
3,407
Sq. Ft.
$2,113
per Sq. Ft.

Description

One or more photo(s) has been virtually staged. Under Construction. Photos have been virtually staged. Delivering Q2 of 2024. The DeMarcay is an 18-story boutique condominium of only 39 residences located on the highly sought-after South Palm Avenue in downtown Sarasota. This upgraded Penthouse Collection Residence was just released by the developer and offers the unique opportunity to purchase new construction and move in this Spring. The 3,407 SF residences offers 3 bedrooms plus a den and 3.5...One or more photo(s) has been virtually staged. Under Construction. Photos have been virtually staged. Delivering Q2 of 2024. The DeMarcay is an 18-story boutique condominium of only 39 residences located on the highly sought-after South Palm Avenue in downtown Sarasota. This upgraded Penthouse Collection Residence was just released by the developer and offers the unique opportunity to purchase new construction and move in this Spring. The 3,407 SF residences offers 3 bedrooms plus a den and 3.5 bathrooms, 11-foot ceilings, large windows, and 2 terraces that feature unparalleled 180-degree views of Sarasota Bay, the Ringling Bridge and beyond. The chef’s kitchen offers an integrated design complete with an upgraded Miele appliance package including a gas cooktop, quartz countertops, and Italian custom cabinetry. A walk-in pantry, under counter wine fridge, and dry bar make this residence perfect for entertaining friends and family. Wake up to bay views from the owners’ suite that also features a generous walk-in closet and a spa-inspired bathroom with floating vanities, a frameless glass shower, a standalone soaking tub, and private water closet. The den is conveniently located adjacent to the owners’ suite with a separate terrace, making working from home a pleasure. The residence includes two assigned parking spaces with valet access required. The thoughtful amenities are found on the 18th floor including a beautiful clubhouse with a fitness center, catering kitchen, and two terraces offering unobstructed views of the bay and downtown. Entertaining options include an outdoor kitchen and dining area. Just beyond relax in the rooftop pool while enjoying breathtaking water views. There will be on-site staff available 24/7 providing resident services for owners whether they are in town or traveling. This reinvention of the 1922 DeMarcay Hotel artfully pays homage to its past while claiming its place as one of the few new construction buildings of its type in this location. Note: Pictures provided are renderings and may not be of this home; they are meant to represent the interior finishes for this community.
  1. Listed by Lisa Allen • MICHAEL SAUNDERS & COMPANY
  2. Listed by Philip Pisano, III • MICHAEL SAUNDERS & COMPANY

Property Details for 33 South Palm Avenue, Unit 1501

Subdivision Name
THE DEMARCAY
Garage Spaces
2
View
Water
Waterfront
No
Water View
Bay/Harbor - Full

Location

Listing Courtesy of MICHAEL SAUNDERS & COMPANY, Lisa Allen; MICHAEL SAUNDERS & COMPANY, Philip Pisano, III
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LISTING UPDATED: 03/21/2024 02:23 PM

Property Details for 33 South Palm Avenue, Unit 1501

StatusActive
MLS #A4596347
Days on Market101
Taxes$3 / year
HOA Fees-
Condo/Co-op Fees$3,831 / month
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built2023
CountySarasota County

Location

Listing Courtesy of MICHAEL SAUNDERS & COMPANY, Lisa Allen; MICHAEL SAUNDERS & COMPANY, Philip Pisano, III
Add your commute

Building Information for 33 South Palm Avenue, Unit 1501

Building/Complex33 S Palm AveFloor15Stories18Residences-Pet Policy-Year Built2023

Payment Calculator

$43,125 per month

30 year fixed, 7.25% Interest

Principal and Interest

$39,293

Property Taxes

$0

HOA Dues

$3,831

The Payment Calculator is for illustrative purposes only.

Property Information for 33 South Palm Avenue, Unit 1501

Summary
Location and General Information
  • Building Area Source: Builder
  • Building Area Total: 3661.0
  • Building Area Units: Square Feet
  • Building Name Number: THE DEMARCAY 1501
  • Community Features: Deed Restrictions, Pool
  • Direction Faces: Southwest
  • Directions: From North on 41 in Downtown Sarasota turn right on Main Street and right on Palm Avenue. The site is located at 33 S. Palm Avenue.
  • Floor Number: 15+
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Senior Community: No
  • SW Subdiv Community Name: Not Applicable
  • Unit Number: No
  • Street Number: 33
  • Street Direction Prefix: S
  • Street Name: PALM
  • Street Suffix: AVENUE
  • Unit Number: 1501
  • State: FL
  • City: SARASOTA
Parking
  • Attached Garage: Yes
  • Available For Lease: Yes
  • Carport: No
  • Garage: Yes
  • Parking Features: Assigned, Circular Driveway, Covered, Driveway, Guest, Off Street, Portico, Valet
Taxes and HOA Information
  • Association Approval Required: Yes
  • Association Fee Includes: Community Pool, Escrow Reserves Fund, Gas, Insurance, Maintenance Exterior, Manager, Pest Control, Pool Maintenance, Sewer, Trash, Water
  • Association Fee Requirement: Required
  • Association Name: First Service Residential
  • Association: Yes
  • CDD: No
  • Condo Land Included: No
  • Montly Maint Amt Addition To HOA: $0
  • Number Of Pets: 2
  • Pet Restrictions: See condominium docs
  • Pet Size: Extra Large (101+ Lbs.)
  • Tax Legal Description: Lot 3, Blk B, Resub of Blks C & D, Plat of Sarasota, Gillespie Place, Plat Book 1 page 1, 11A & Lot 4, BLK 5, Resub of Blks C&D Plat of Sarasota
  • Tax Lot: 3
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 2027050006-1501
  • Water Access: No
  • Water Extras: No
  • Living Area: 3407
  • Property Info: High Rise
Property and Assessments
  • Year Built Numeric: 2023
  • Building Elevator: Yes
  • Flood Zone Code: A,E
  • Homestead: No
  • New Construction: Yes
  • Projected Completion Date: 06-29-2024 08:00:00 PM
  • Property Condition: Under Construction
  • Property Description: High Rise
Utilities
  • Sewer: Septic Needed
  • Utilities: Public
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Builder License Number: CGC061702
  • Builder Model: A
  • Builder Name: Voeller Construction INC
  • Construction Materials: Concrete
  • Exterior Features: Balcony
  • Foundation Details: Slab
  • Levels: Three Or More
  • Patio And Porch Features: Covered
  • Pool Dimensions: 29x17
  • Pool Features: Heated, Lighting, Salt Water
  • Pool Private: No
  • Pool: Community
  • Pool Private: Yes
  • Roof: Concrete
  • Waterfront Feet Total: 0
  • Number Of Stories: 18
Interior Features
  • Bedrooms Total: 3
  • Bathrooms Full: 3
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Microwave, Range, Range Hood, Refrigerator, Washer
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Porcelain Tile
  • Heating: Central
  • Interior Features: High Ceiling(s), Open Floorplan, Walk-In Closet(s)
  • Laundry Features: Inside, Laundry Room
  • Living Area Source: Builder
  • Living Area Units: Square Feet
  • Room Count: 9.0
  • Water View: Yes
  • Bathrooms Half: 1
Room 1
  • Room Dimensions 1: 24x16
  • Room Flooring 1: Porcelain Tile
  • Room Length 1: 16.0
  • Room Level 1: First
  • Room Type 1: Living Room
  • Room Width 1: 24.0
Room 2
  • Room Dimensions 2: 11x23
  • Room Features 2: Closet Pantry, Cooking Island
  • Room Flooring 2: Porcelain Tile
  • Room Length 2: 23.0
  • Room Level 2: First
  • Room Type 2: Kitchen
  • Room Width 2: 11.0
Room 3
  • Room Dimensions 3: 24x15
  • Room Flooring 3: Porcelain Tile
  • Room Length 3: 15.0
  • Room Level 3: First
  • Room Type 3: Dining Room
  • Room Width 3: 24.0
Room 4
  • Room Dimensions 4: 15x19
  • Room Features 4: En Suite Bathroom
  • Room Flooring 4: Porcelain Tile
  • Room Length 4: 19.0
  • Room Level 4: First
  • Room Type 4: Primary Bedroom
  • Room Width 4: 15.0
Room 5
  • Room Dimensions 5: 11x13
  • Room Features 5: Dual Sinks, Tub with Separate Shower Stall, Water Closet/Priv Toilet
  • Room Flooring 5: Porcelain Tile
  • Room Length 5: 13.0
  • Room Level 5: First
  • Room Type 5: Primary Bathroom
  • Room Width 5: 11.0
Room 6
  • Room Dimensions 6: 13x15
  • Room Features 6: En Suite Bathroom
  • Room Flooring 6: Porcelain Tile
  • Room Length 6: 15.0
  • Room Level 6: First
  • Room Type 6: Bedroom 2
  • Room Width 6: 13.0
Room 7
  • Room Dimensions 7: 12x15
  • Room Features 7: En Suite Bathroom
  • Room Flooring 7: Porcelain Tile
  • Room Length 7: 15.0
  • Room Level 7: First
  • Room Type 7: Bedroom 3
  • Room Width 7: 12.0
Room 8
  • Room Dimensions 8: 14x16
  • Room Flooring 8: Porcelain Tile
  • Room Length 8: 16.0
  • Room Level 8: First
  • Room Type 8: Den
  • Room Width 8: 14.0
Room 9
  • Room Dimensions 9: 7x9
  • Room Features 9: Built-In Shelving
  • Room Flooring 9: Porcelain Tile
  • Room Length 9: 9.0
  • Room Level 9: First
  • Room Type 9: Laundry
  • Room Width 9: 7.0
Rental
Rental Information
  • Minimum Lease Period: 0
  • Pets Allowed: Yes
  • Max Pet Weight: 150

Property History for 33 South Palm Avenue, Unit 1501

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 33 South Palm Avenue, Unit 1501

This home is within Sarasota.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Southside Elementary School
PublicPK to 5

Booker Middle School
Public6 to 8

Sarasota High School
Public9 to 12

Sarasota School Of Arts/Sciences
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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33 South Palm Avenue, Unit 1501 is a condo for sale in Sarasota, FL 34236. This property was listed for sale on January 22, 2024 by MICHAEL SAUNDERS & COMPANY, it's currently listed at $7,200,000. This listing's school district is Sarasota. Nearby schools include Southside Elementary School, Booker Middle School and Sarasota High School. 33 South Palm Avenue, Unit 1501 is a 3-bed, 3.5-bath, 3,407 sqft condo built in 2023.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MICHAEL SAUNDERS & COMPANY, Lisa Allen; MICHAEL SAUNDERS & COMPANY, Philip Pisano, III

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.