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Property for sale at 33 S PALM AVENUE UNIT 1501, SARASOTA, FL, 34236
Property for sale at 33 S PALM AVENUE UNIT 1501, SARASOTA, FL, 34236
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33 S Palm Avenue Unit 1501Sarasota, FL, 34236

3beds
4baths
3,407sqft
Condominium
Built in 2024
$3,750,000
For sale
$4,195,000−$445,000 (11%)
Price per sqft
$1,101
Days on market
477
Listed
Jul 2, 2025
Last reduction
−$200,000
Mar 17, 2026
MLS #A4657527Updated Aug 7, 2026

About this property

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.

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Property details

Property type
Condominium
Street address
33 S Palm Avenue Unit 1501
City
Sarasota
State
FL
ZIP code
34236
Year built
2024
New construction
Yes
Faces
Southwest
Rooms
10
Building stories
18
Living area
3,407 sqft
Total building area
3,661 sqft
Levels
One

Stellar MLSThe data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; the availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.Stellar (MFR) data last updated at October 20, 2026 at 8:01 AM EDT

Price & sale history

Asking price reduced by $445,000 (10.6%) since first listed.

EventPrice
Price reducedMLS #A4657527$3,750,000Change: −10.6%−$445,000
Listed for saleMLS #A4657527$4,195,000
History may be incomplete.
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Location

Property for sale at 33 S PALM AVENUE UNIT 1501, SARASOTA, FL, 34236
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