Residential Property - Condominium in Sarasota
Listing Price: $7,200,000
Description of Property
One or more photo(s) has been virtually staged. Under Construction. Photos have been virtually staged. Delivering Q2 of 2024. The DeMarcay is an 18-story boutique condominium of only 39 residences located on the highly sought-after South Palm Avenue in downtown Sarasota. This upgraded Penthouse Collection Residence was just released by the developer and offers the unique opportunity to purchase new construction and move in this Spring. The 3,407 SF residences offers 3 bedrooms plus a den and 3.5 bathrooms, 11-foot ceilings, large windows, and 2 terraces that feature unparalleled 180-degree views of Sarasota Bay, the Ringling Bridge and beyond. The chef’s 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 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 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. The thoughtful amenities are found on the 18th floor including a beautiful clubhouse with a fitness center, catering kitchen, and two terraces offering unobstructed views of the bay and downtown. Entertaining options include 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. 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 of its type 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 Details At A Glance
Property Type: Residential
Property Use or Sub Type: Condominium
City: Sarasota
County: Sarasota
Subdivision: The Demarcay
Bedrooms: 3
Bathrooms: 3
Half Baths: 1
Sq. Ft. Gross: 3,661
Sq. Ft. Living Area: 3,407
Cost per (heated) sqare foot: $2,113
Year built: 2023
Annual Tax: $3
Condo Fee: $3,831 Monthly
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
- Community Pool
- Escrow Reserves Fund
- Gas
- Insurance
- Maintenance Structure
- Manager
- Pest Control
- Pool Maintenance
- Sewer
- Trash
- Water
Interior Features:
- High Ceilings
- Open Floorplan
- Walk-In Closet(s)
Appliances:
- Built-In Oven
- Cooktop
- Dishwasher
- Disposal
- Dryer
- Exhaust Fan
- Freezer
- Microwave
- Range
- Range Hood
- Refrigerator
- Washer
Accessibility Features:
Window Features:
Additional Rooms:
Ceiling Type:
Flooring: Porcelain Tile
Pool & Waterfront Info
Private Pool: Not specified
Pool Features:
- Heated
- Lighting
- Salt Water
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View: Bay/Harbor - Full
Exterior & Construction
Architectural Style:
Construction: Concrete
Foundation: Slab
Roof: Concrete
Exterior Features: Balcony
Garage: Yes
Garage Spaces: 2
- Assigned
- Circular Driveway
- Covered
- Driveway
- Guest
- Off Street
- Portico
- Valet
Floors Total: 18
Floors in Unit: Three Or More
Cooling: Central Air
Heating & Fuel: Central
Electric:
Patio & Porch Features: Covered
Security Features:
Other Structures:
View: Water
Fencing:
Sewer: Septic Needed
Water Source: Public
Community Features: Deed Restrictions, Pool
Association Amenities:
Lot Information
Lot Features:
Front Exposure: Southwest
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash, Conventional
Parcel Number: 20270500061501
Pets Allowed/Pet Policies: Yes
New Construction: Yes
Tax Legal Desc.: Lot 3, Blk B, Resub of Blks C & D, Plat of Sarasota, Gillespie Place, Plat Book 1 page 1, 11A & Lot 4, BLK 5, Resub of Blks C&D Plat of Sarasota
Listing courtesy of MICHAEL SAUNDERS & COMPANY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.