Residential Property - Condominium in Sarasota
Listing Price: $1,668,000Cumulative Days on Market: 119
Description of Property
Experience the pinnacle of modern elegance in this brand-new, never-lived-in penthouse at The DeMarcay—located in the heart of downtown on Palm Avenue, just steps from Sarasota’s finest dining, art galleries, and boutiques. Perched high on the 17th floor, this two-bedroom, two-bath residence captivates with panoramic views of Sarasota Bay, the Ringling Bridge, and the downtown skyline. Expansive windows and 14-foot ceilings fill the open-concept living space with natural light, creating a seamless connection between indoor luxury and breathtaking scenery. The designer kitchen is a culinary showcase, featuring Italian cabinetry, quartz countertops, and top-of-the-line Miele appliances, including a gas cooktop. Every finish reflects thoughtful sophistication—from engineered hardwood and porcelain tile flooring to custom-built closets and a spacious walk-in pantry. The neutral color palette is pleasing for any decor. Automated window treatments throughout, with blackout shades in the primary suite, give both convenience and comfort. The primary suite features an expansive walk-in closet complete with custom cabinets. Step onto your private terrace to enjoy the sunset, or retreat to the 18th-floor rooftop oasis—complete with a heated saltwater pool, outdoor kitchen, and multiple lounging areas overlooking the bay and city skyline. Additional amenities include a state-of-the-art fitness center and an elegant residents’ club room with dining, lounge, and catering kitchen. With 24/7 on-site staff, every detail of daily life is effortlessly managed. Whether you are looking for a year-round home or a seasonal escape, this pristine penthouse combines refined design, resort-style amenities, and an unmatched downtown Sarasota address. Come see it today!
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Condominium
City: Sarasota
County: Sarasota
Subdivision: The Demarcay
Bedrooms: 2
Bathrooms: 2
Sq. Ft. Gross: 1,683
Sq. Ft. Living Area: 1,562
Cost per (heated) sqare foot: $1,068
Year built: 2024
HOA Fee: $1,992 Monthly
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
- Water
Appliances: Washer
Window Features: Window Treatments
Additional Rooms: Inside Utility
Flooring: Porcelain Tile
Schools
Elementary School: Southside Elementary
Middle/Junior High School: Booker Middle
High School: Sarasota High
Pool & Waterfront Info
Private Pool: Not specified
Pool Features: Salt Water
Water Access: Yes
Water Access Type: Bay/Harbor
Water Name: SARASOTA BAY
Exterior & Construction
Architectural Style: Historical
Construction: Stucco
Foundation: Slab
Roof: Concrete
Exterior Features: Balcony
Garage: Yes
Garage Spaces: 1
Parking Features: Valet
Floors Total: 18
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Electric:
Patio & Porch Features: Patio
Security Features: Smoke Detector(s)
Other Structures:
View: Water
Fencing:
Sewer: Public Sewer
Water Source: Public
Community Features: Wheelchair Access
Association Amenities: Wheelchair Access
Lot Information
Lot Features: Sidewalk
Lot Size (acres): 0.02
Front Exposure: West
Legal Description & Other Information
Financing Available: Conventional
Parcel Number: 20270500061702
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 11A and Lot 4, BLK B, Resub of Blks C & C, Plat of Sarasota.
Section: 19
Range: 18
Listing courtesy of COMPASS FLORIDA LLC. 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.