ParkingAssigned, Circular Driveway, Covered, Driveway, Guest, Off Street, Portico, Valet
Attached Garage2 spaces
Year BuiltNew Const., 2023
HeatingCentral
CoolingCentral Air
ViewWater
MLS #A4596347
StatusActive
About 33 S Palm Ave Unit 1501
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.
This property is $6.6M more than the Median Sold Price and $1.8K/SqFt more than other homes in Sarasota, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #A4596347
Listing Office:
Office Name: MICHAEL SAUNDERS & COMPANY
Listing Agent: Lisa Allen
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively 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. Properties displayed may be listed or sold by various participants in the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.
Last updated on: 4/27/2024, 1:19:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$36K
Per Month
Principal & Interest
$35.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$21.6K
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
10
/10
Southside Elementary School
1901 Webber St
Distance between this listing and this school1.96 miles
Public District Grades PK-5
Middle School
2
/10
Booker Middle School
2250 Myrtle St
Distance between this listing and this school2.58 miles
Public Magnet Grades 6-8
High School
4
/10
Sarasota High School
1000 S School Ave
Distance between this listing and this school1.20 miles
Public District Grades 9-12
Assigned Schools
10
/10
Southside Elementary School
1901 Webber St
Distance between this listing and this school1.96 miles
Public District Grades PK-5
Nearby Schools
6
/10
Alta Vista Elementary School
1050 S Euclid Ave
Distance between this listing and this school1.70 miles
Public District Grades PK-5
8
/10
Bay Haven School of Basics Plus
2901 W Tamiami Cir
Distance between this listing and this school1.93 miles
Public Magnet Grades KG-5
Assigned Schools
2
/10
Booker Middle School
2250 Myrtle St
Distance between this listing and this school2.58 miles
Public Magnet Grades 6-8
Nearby Schools
7
/10
Sarasota School of Arts/Sciences
645 Central Ave
Distance between this listing and this school0.47 miles
Public Charter Grades 6-8
2
/10
Suncoast School For Innovative Studies
845 S School Ave
Distance between this listing and this school1.20 miles
Public Charter Grades PK-8
Assigned Schools
4
/10
Sarasota High School
1000 S School Ave
Distance between this listing and this school1.20 miles
Public District Grades 9-12
Nearby Schools
4
/10
Sarasota Military Academy
801 N Orange Ave
Distance between this listing and this school0.63 miles
Public Charter Grades 9-12
3
/10
Booker High School
3201 N Orange Ave
Distance between this listing and this school2.03 miles
The neighbors living near this home have an average income of $84,075. Most Sarasota, FL residents have annual incomes between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 33 S Palm Ave Unit 1501
What is the listing price of this property?
The listing price of 33 S Palm Ave Unit 1501 property is $7,200,000.
What type of property is this?
The property 33 S Palm Ave Unit 1501 is a condo located in Sarasota, Florida, 34236.
Is this property for sale now?
Active Listing: 33 S Palm Ave Unit 1501 is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 33 S Palm Ave Unit 1501 are: Southside Elementary School: GreatSchools Rating 10/10Booker Middle School: GreatSchools Rating 2/10Sarasota High School: GreatSchools Rating 4/10
How many bedrooms and bathrooms does this property have?
The property at 33 S Palm Ave Unit 1501 has 3 bedrooms and 3 full and 1 half bathrooms.
What is the square footage of this property?
The property 33 S Palm Ave Unit 1501 is 3,407 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 33 S Palm Ave Unit 1501 is 2023.
Interested in 33 S Palm Ave Unit 1501? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 33 S Palm Ave Unit 1501 in Sarasota, FL and zip code 34236 in the Five Points neighborhood. This 3,407 square foot home was built in 2023. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 23, 2024 and is currently priced at $7,200,000.
In March 2024 more than 30 listings in Sarasota, FL were sold above the asking price. During the same period more than 87 listings were sold at asking price, while more than 414 were sold below. The inventory of homes for sale in Sarasota, FL between February 2024 and March 2024 increased by 3.8%. Listings spent 62 days on the market in March 2024, and had a median list price of $513,207 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively 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. Properties displayed may be listed or sold by various participants in the MLS.
PGA/LPGA
PGA/LPGA
Hiking/backpacking
Minor League Baseball Games
Stein Mart
Chico's
Nordstrom Rack
Bonefish Grill
Chipotle
Chick-fil-A
Lincoln
Cadillac
Mazda
Classical
Rock
Talk/Personality