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$3,750,000

Active

33 S Palm Ave #1501, Sarasota, FL 34236

3 beds · 3.5 baths · 3,407 sq ft

Listing courtesy of PREMIER SOTHEBY'S INTERNATIONAL REALTY · MLS# A4657527

483 days on market

Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .

About this home

What’s special

  • Sarasota Bay views
  • Gulf of Mexico views
  • 18th-floor bi-level terrace
  • 24/7 valet parking
  • Private bayfront balcony
  • Miele five-burner gas cooktop
  • Spa-inspired primary bath
  • Historic facade preservation

AI-selected highlights from the listing description below.

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.

Facts

Property type
Condominium
Year built
2024
Bathrooms
3 full, 1 half
Living area
3,407 sqft
Lot size
0.2 acres
Water view
Yes
Private pool
No
Exposure
Southwest
Flood zone
AE
CDD
No
55+ community
No
Monthly fees
$4,886/mo
Listed
Jul 2, 2025
MLS #
A4657527

Price & status history

  1. Listed for $4,195,000
  2. Price reduced to $3,750,000from $3,950,000

Virtual tours

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Estimate the monthly payment

Estimate by Lasbury Tracy Realty — not a loan offer

Starting figures for 33 S PALM AVE #1501. Everything below is editable.

AssumptionNot a quoted rate. Ask a lender what you actually qualify for today.

EstimateAssumes 1.2% of price. Charlotte and Sarasota county bills vary with millage, CDD assessments, and whether the home is homesteaded.

Editable estimateA placeholder, not a quote. On the Gulf Coast this is the line item most likely to be wrong: premiums swing on roof age, wind mitigation, elevation, and carrier appetite. Get a real quote before you rely on this number.

Starts at $0Deliberately zero until you enter a figure — we will not inflate a payment with a guess. Many homes here need it; ask us for the property's flood zone and the current policy's premium.

From this listingMonthly association fee as reported to the MLS. Confirm what it includes, and ask about special assessments.

AssumptionNot applied — your down payment is 20% or more.

Estimated total monthly payment

$30,723

$18,962 of that is principal & interest. 38% is taxes, insurance and fees — which is why those inputs matter more here than the rate does.

Principal & interest
$18,962
Property taxes
$3,750
Homeowners insurance
$3,125
Flood insurance
$0
HOA / condo fees
$4,886
Mortgage insurance (PMI)
$0
Total per month
$30,723

Over the life of the loan

Loan amount
$3,000,000
Down payment
$750,000
Total interest
$3,826,335
Principal + interest paid
$6,826,335
Paid off in
2056

Interest is the exact schedule total for a fixed-rate loan held to term and assumes no extra payments. Taxes, insurance and fees are not included in these lifetime figures because they change every year.

Calculated on this page from the figures above — nothing is sent anywhere and no lender is quoting you. Figures are estimates for planning only, not a pre-approval, commitment to lend, or a statement of the taxes and insurance you will actually be charged. Lasbury Tracy Realty Inc. is a real estate brokerage, not a lender or an insurance agent.

Take a tour

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33 S Palm Ave #1501, Sarasota, FL 34236

Listing courtesy of PREMIER SOTHEBY'S INTERNATIONAL REALTY · MLS# A4657527 · Active

How would you like to see it?
Which day?
What time of day?

In person · Thu, Oct 29 · Morning (9-12)

No account, no obligation. Prefer to talk? (941) 474-5585

Where this home is

Opens on aerial — on this coast the canal, the lot and the neighbours answer more questions than a street grid does.

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Listing information is provided in part by Stellar MLS, as distributed by MLS GRID. Based on information submitted to the MLS as of Oct 28, 2026, 8:57 PM (ET). All data is obtained from various sources and may not have been verified by broker or MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.

Lasbury Tracy Realty Inc. · [email protected]