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33 S Palm AVENUE, #1501, Sarasota, FL, 34236 | $5,900,000
Under Construction. Ready for immediate occupancy, this stunning new construction residence is part of the Penthouse Collection The DeMarcay, an 18-story boutique condominium community of only 39 residences located in the heart of Downtown Sarasota on the highly sought-after South Palm Avenue. A central location that puts you minutes from the finest restaurants, shops, galleries and theaters. Perched on the 15th floor with unparalleled views of Sarasota Bay and the iconic Ringling Bridge, this 3, 407 SF home consists of 3 bedrooms plus a den and 3. 5 bathrooms, 11-foot ceilings, expansive windows and two terraces. The chef’s kitchen offers an integrated design highlighted by the custom Italian cabinetry complete with an upgraded appliance package including a gas cooktop and quartz countertops. 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. Awaken each morning to views of Sarasota Bay from the owners’ suite which features a generous walk-in closet and a spa-inspired bathroom with floating double vanities, a frameless glass shower, a standalone soaking tub, and a private water closet. The den is conveniently located adjacent to the owners’ suite and features a separate terrace, creating the perfect space for a sitting room or home office. The interiors pictured come to life with virtually staged furnishings. An array of thoughtful amenities are found on the 18th floor rooftop - all with unobstructed 360-degree views of the Bay and downtown skyline. The outdoor amenities include a saltwater pool and lanai area, an outdoor kitchen and a generous entertaining area. Inside you will find a club room that opens up to the outdoor spaces and provides ample entertaining space including a lounge area, dining table, bar and catering kitchen, as well as a fitness center. On-site staff is available 24/7 providing resident services for owners whether they are in town or traveling, providing a true “lock and leave” lifestyle.
Note: Pictures provided are renderings and may not be of this home; they are meant to represent the interior finishes for this community.
Features
- Elevator: Y
- Heating: Central
- Cooling: Central Air
- Levels: 18
- Rooms: 9
- Bedrooms: 3
- Baths: 3 full / 1 half
- Laundry: Inside, Laundry Room
- Complex: THE DEMARCAY
- Year Built: 2023
- Approx Sq. Feet: 3,407
- Est. Taxes: $3
- Condo Fee: $3,831 Monthly
- View: Water
- Pet Policy: Yes
- Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Microwave, Range, Range Hood, Refrigerator, Washer
- MLS#: A4596347
- Days on Market: 288 days
- Website: https://www.raveis.com
/prop/A4596347/33spalmavenue_sarasota_fl?source=qrflyer
Listing courtesy of MICHAEL SAUNDERS & COMPANY Phone: 941-462-3900
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Yokadi MejiaInsurance Sales Director, William Raveis Insurance
561.335.7966
Yokadi.Mejia@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
33 S Palm AVENUE, #1501, Sarasota, FL, 34236
$5,900,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $4,720,000 | $4,720,000 | $4,720,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $30,223 | $30,223 | $41,441 |
| Total Monthly Payment | $30,348 | $30,348 | $41,566 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388