Active
$3,750,000
Est. $26,277/mo

33 S Palm Ave #1501, Sarasota, FL, 34236

$1,101/sqft·Demarcay

3 bd4 ba3,407 sqft2 car garageCondominium
Listed by PREMIER SOTHEBY'S INTERNATIONAL REALTY· Last updated · MLS# A4657527

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Est. monthly payment
$26,277/mo
Down payment (20%)
$750,000
Property taxes
$0/mo
Rate assumed
6.8% · 30 yr
View full breakdown

At a glance

High-rise condo
18 stories · 2024
Water + city views
City
Community pool
Fitness center too
2 car garage
Valet available
Private balcony
Outdoor space

About this home

Eat-in KitchenHigh CeilingsOpen FloorplanStone CountersThermostatWalk-in Closet(s)BalconySidewalk

33 S Palm Ave #1501 is a 2024-built home in Demarcay, Sarasota. Inside you'll find 3 bedrooms, 4 bathrooms, and 3,407 square feet of living space. Listed at $3,750,000 (about $1,101/sqft), 401 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

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.

The essentials

Built
2024
Price / sqft
$1,101
On market
436 days
Annual tax
$0
Flood zone
AE
Lot
0.2 ac
Type
Condominium

Location

33 S Palm Ave #1501
Sarasota, FL, 34236·34236 - Sarasota
Type
Condominium
Year Built
2024
Lot
0.2 ac
Cooling
Central Air
Heating
Central
Parking
Assigned, Circular Driveway, Covered, On Street, Portico, Valet
Days on Market
436
Eat-in Kitchen
High Ceilings
Open Floorplan
Stone Counters
Thermostat
Walk-in Closet(s)
Balcony
Sidewalk
Sliding Doors
Storage
Clubhouse
Deed Restrictions
Fitness Center
Pool
Sidewalks
Built-in Oven
Convection Oven
Cooktop
Dishwasher
Disposal
Dryer
Exhaust Fan
Microwave
Range Hood
Refrigerator
Washer
Wine Refrigerator

Elementary

Southside Elementary

Middle

Booker Middle

High

Sarasota High

Districts can re-zone, so verify directly with the district before relying on these.

Flood Zone AE

Annual Tax (2024)

$0

Parcel #

2027057031

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision

Demarcay

County

Sarasota

MLS Area

34236 - Sarasota

Lot Size

0.2 ac

City LimitsNear MarinaNear Public TransitSidewalk
Date
Event
Price
3/17/2026
Price change
Source: Stellar MLS #A4657527
$3,750,000-5.1%
$1,101/sqft
Price change
Source: Stellar MLS #A4657527
$3,950,000-5.8%
$1,159/sqft
7/2/2025
Listed for sale
Source: Stellar MLS #A4657527
$4,195,000
$1,231/sqft
Est. monthly payment$26,277/mo
Principal & interest$19,558
Property taxes$4,844
Insurance$1,875
Down payment20% · $750,000
Interest rate6.80%
Loan term

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Property taxes estimated at 1.55% of price a year. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Offer Insights

Choose an offer strength

List price: $3,750,000
$3.57M – $3.75M
95.1% – 100% of listTops out right at the list price
80% of listList price
58 of the last 114 condo closings in 34236 landed at this number or higher (51%). The median one sat 77 days before it went under contract, and this one is on day 436 after a $445,000 cut.

Sample: 114 closed condo sales in 34236 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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