Under Construction. A rare opportunity to own a new construction condominium ready to deliver this Summer (2024). The DeMarcay is an 18-story boutique condominium of only 39 residences located on the highly sought-after South Palm Avenue in the heart of downtown Sarasota. Enjoy panoramic views of Sarasota Bay, Ringling Bridge and the city lights from this upgraded Penthouse Collection Residence. Perched on the 15th floor, the 3, 407 SF home consists of 3 bedrooms plus a den and 3.5 bathrooms, 11-foot ceilings, expansive windows, and two terraces creating a seamless outdoor connection. The chefs 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 accessible from the great room 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 a 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. An array of thoughtful amenities are found on the 18th floor including a beautiful clubhouse with a fitness center, plenty of entertaining space with large screen TV, a catering kitchen, and two terraces offering unobstructed views of the bay and downtown. Entertaining options extend to the pool deck with 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 providing a true lock and leave lifestyle. 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 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.
Property Features
Bedrooms
- Bedrooms: 3
- Primary Bedroom Dimensions: 15 x 19
- Bedroom 2 Dimensions: 13 x 15
- Bedroom 3 Dimensions: 12 x 15
- Primary Bedroom Level: First
- Bedroom 2 Level: First
- Bedroom 3 Level: First
Other Rooms
- Total Rooms: 9
- Primary Bathroom: 13 x 11
- Primary Bathroom Level: First
- Den Dimensions: 14 x 16
- Living Room Dimensions: 24 x 16
- Den Level: First
- Living Room Level: First
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- 1/2 Bathrooms: 1
Interior Features
- High Ceilings
- Open Floorplan
- Walk-In Closet(s)
- Flooring: Tile
Appliances
- Built-In Oven
- Cooktop
- Dishwasher
- Disposal
- Dryer
- Exhaust Fan
- Freezer
- Microwave
- Range
- Range Hood
- Refrigerator
- Washer
- Laundry Features: Inside, Laundry Room
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Central
Kitchen and Dining
- Dining Room Dimensions: 24 x 15
- Dining Room Level: First
- Kitchen Dimensions: 11 x 23
- Kitchen Level: First
Exterior and Lot Features
- Balcony
- Road Surface Type: Asphalt
Pool and Spa
- Pool Features: Heated, Lighting, Salt Water
- Pool Size: 29x17
Manufactured and Mobile Info
Garage and Parking
- Attached Garage: Yes
- Garage Spaces: 2
- Parking Features: Assigned, Circular Driveway, Covered, Driveway, Guest, Off Street, Portico, Valet
Home Features
Homeowners Association
- Association: Yes
- Association Fee Frequency: Monthly
- Association Fee Includes: Pool, Escrow Reserves Fund, Gas, Insurance, Maintenance Structure, Management, Pest Control, Sewer, Trash, Water
- Calculated Total Monthly Association Fees: 3831
- Association Name: First Service Residential
- Pets Allowed: Yes
- Pet Description: Pet Restrictions: See condominium docs, Pet Size: Extra Large (101+ Lbs.), Max Pet Weight: 150, Number Of Pets: 2
Condo Info
- Unit Floor In Building: 15+
Rental Info
- Lease Term: Minimum Lease: 3 Months
Amenities and Community Features
- Community Features: Deed Restrictions, Pool
Other Property Info
- Annual Tax Amount: 3
- Source Listing Status: Active
- County: Sarasota
- 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.
- Tax Year: 2023
- Ownership: Condominium
- Source Property Type: Residential
- Area: 34236 - Sarasota
- Property Subtype: condo
- Source Neighborhood: THE DEMARCAY
- Parcel Number: 2027050006-1501
- Subdivision: THE DEMARCAY
- Property Features: Condo Fees: 3831 Monthly
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 3407
- Year Built: 2023
- Builder Name: Voeller Construction INC
- Building Area Source: Builder
- Building Area Total: 3661
- Building Name: THE DEMARCAY 1501
- Construction Materials: Concrete
- Direction Faces: Southwest
- Foundation Details: Slab
- Levels: Three Or More
- New Construction: Yes
- Property Age: 1
- Property Condition: Under Construction
- Roof: Concrete
- Levels or Stories: 18
- Building Total Stories: 18
- Structure Type: High Rise
- Elevator: Yes
Utilities
- Sewer: Septic Needed
- Public
- Water Source: Public