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$3,600,000

  • Sold
  • Closed
  • Condo
  • 3 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 3,407 Sq. Ft.
  • Updated 1 day ago
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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.

Full Property Details for 33 S Palm Ave #1601

General

  • Sold For: $3,600,000
  • HOA FEE: $4,886/month
  • Taxes: (2024)
  • Status: Closed
  • Type: Condo
  • Source: MidFloridaRegionalMLS
  • MLS ID: A4659041
  • Added to Site: 380 day(s) ago

Rental Information

  • Min. Lease: 3 Months

Interior

  • Number of Rooms: 10
  • Interior Features: Eating Space In Kitchen, High Ceilings, Open Floorplan, Stone Counters, Thermostat, Walk-In Closet(s)
  • Appliances: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • Flooring: Porcelain Tile

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Laundry Room

Additional Information

  • Security/Safety: Fire Sprinkler System, Key Card Entry, Smoke Detector(s)

Exterior

  • Exterior Features: Balcony, Sidewalk, Sliding Doors
  • Deck/Patio: Covered, Patio
  • Porch/Patio/Deck: Covered, Patio

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2
  • Parking Features: Circular Driveway, Covered, On Street, Portico, Valet

Location

  • Area: 34236 - Sarasota
  • County: Sarasota
  • Development Name: 34236 - Sarasota
  • Subdivision: DEMARCAY
  • Driving Directions: From I75, take the Fruitville Ave exit headed west. Make a left onto Washington Blvd. Make a right onto Main Street. Make a left onto Palm Ave and the Demarcay will be on the left hand side.
  • Direction Faces: Southwest

Community

  • Community Name: 34236 - Sarasota
  • Community Features: Clubhouse, Fitness Center, Pool, Sidewalks
  • Assoc. Name: Edward Bustamante
  • Assoc. Fees Include: Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Sewer, Trash, Water
  • Number of Pets: 2

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: BB/HS Internet Available, Cable TV Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected

Structural Information

  • Builder: Voeller Construction
  • Exterior Const.: Concrete, Stucco
  • Roof: Concrete
  • Common Walls: Corner Unit
  • Stories/Levels: One
  • Square Feet: 3,407
  • Sq. Ft. Source: Builder
  • Living Area: 3,407 Sq. Ft.
  • Year Built: 2024

Lot Features

  • Property View: City, Water
  • Street/Road Desc.: Asphalt

Water Features

  • Water View: Yes

Financial Considerations

  • Condo Fee: $4,886
  • Condo Fee Freq: Monthly
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Condominium
  • Special Conditions: None
  • Legal Description: UNIT 1601, DEMARCAY, CB 50 PG 52-70
  • Flood Zone Info: AE
  • APN: 2027057034
  • Property ID: 2027057034

Listed by Premier Sotheby's International Realty
Sold by Stellar Non-Member Office

Listing agent

— 33 S Palm Ave #1601 —

  • Premier Sotheby's International Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 33 S Palm Ave #1601

School District:Sarasota County School District
NameGradesDistance
Southside Elementary School, Sarasota, FL
1901 Webber Street, Sarasota, FL 34239
PK-51.9 mi
Booker Middle School
2250 Myrtle Street, Sarasota, FL 34234
6-82.5 mi
Sarasota High School
2155 Bahia Vista Street, Sarasota, FL 34239
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 33 S Palm Ave #1601

Date
Details
Price
Change
Source
7/30/2026
Sold
$3,600,000
-8.86%
MLS
3/17/2026
Price Reduced
$3,950,000
-8.14%
MLS
7/17/2025
Listed
$4,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Premier Sotheby's International Realty
Sold by Stellar Non-Member Office

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33 S Palm Avenue #1601, Sarasota, FL 34236 (MLS# A4659041) is a Condo property that was sold at $3,600,000 on July 30, 2026. Want to learn more about 33 S Palm Avenue #1601? Do you have questions about finding other Condo real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.