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.
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.
Property Details
Price:
$3,750,000
MLS #:
A4657527
Status:
Active
Beds:
3
Baths:
3.5
Type:
Condo
Subtype:
Condominium
Subdivision:
DEMARCAY
Neighborhood:
34236sarasota
Listed Date:
Jul 2, 2025
Finished Sq Ft:
3,407
Total Sq Ft:
3,661
Lot Size:
8,712 sqft / 0.20 acres (approx)
Year Built:
2024
See this Listing
Schools
Elementary School:
Southside Elementary
Middle School:
Booker Middle
High School:
Sarasota High
Interior
Appliances
Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
Bathrooms
3 Full Bathrooms, 1 Half Bathroom
Cooling
Central Air
Flooring
Porcelain Tile
Heating
Central
Interior Features
Eating Space In Kitchen, High Ceilings, Open Floorplan, Stone Counters, Thermostat, Walk-In Closet(s)
Laundry Features
Laundry Room
Levels
One
Exterior
Attached Garage YN
1
Common Walls
Corner Unit
Community Features
Clubhouse, Deed Restrictions, Fitness Center, Pool, Sidewalks
Construction Materials
Concrete, Stucco
Covered Spaces
2
Direction Faces
Southwest
Exterior Features
Balcony, Sidewalk, Sliding Doors, Storage
Garage Spaces
2
Lot Features
City Lot, Near Marina, Near Public Transit, Sidewalk
New Construction YN
1
Open Parking YN
1
Parking Features
Assigned, Circular Driveway, Covered, On Street, Portico, Valet
Patio And Porch Features
Covered, Patio
Roof
Concrete
Security Features
Fire Sprinkler System, Key Card Entry, Smoke Detector(s)
View
City, Water
Financial
HOA Includes
Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Manager, Pest Control, Pool Maintenance, Sewer, Trash, Water
HOA Name
Edward Bustamante
HOA Phone
866-378-1099
Tax Year
2024
Map
Community
- Address33 S PALM AVENUE UNIT 1501 SARASOTA FL
- SubdivisionDEMARCAY
- CitySARASOTA
- CountySarasota
- Zip Code34236
Market Summary
Property Summary
- Located in the DEMARCAY subdivision, 33 S PALM AVENUE UNIT 1501 SARASOTA FL is a Condo for sale in SARASOTA, FL, 34236. It is listed for $3,750,000 and features 3 beds, 4 baths, and has approximately 3,407 square feet of living space, and was originally constructed in 2024. The current price per square foot is $1,101. The average price per square foot for Condo listings in SARASOTA is $641. The average listing price for Condo in SARASOTA is $1,405,371. To schedule a showing of MLS#a4657527 at 33 S PALM AVENUE UNIT 1501 in SARASOTA, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of PREMIER SOTHEBY’S INTERNATIONAL REALTY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than InvestPro Properties, Inc. include the name of the listing broker. Neither the listing company nor InvestPro Properties, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 33 S PALM AVENUE UNIT 1501
SARASOTA, FL
