Sarasota, FL
The DeMarcay
Thirty-nine residences over 17 floors at 33 South Palm Avenue, completed in 2024 on the site of the historic DeMarcay hotel. Palm Avenue is the gallery and restaurant street, so this is a new building on one of downtown's most established addresses rather than on its edge.
Home Types
Downtown condominium
HOA (Yearly) Est.
$18,924 - $37,428
CDD (Yearly) Est.
None
Flood Zone
X
Fee estimates may vary by lot size and sub-association. View all community fees →
Community size
39
homes
community record
40
completed homes on the county roll
Sarasota County property appraiser roll, read October 2026
42
recorded residential lots
Sarasota County property appraiser roll, read October 2026
How The DeMarcay compares
From the county records
$1,250,000
Median of 43 recorded sales since October 2023, the middle eighty percent between $765,000 and $2,180,000.
32%
Of the 40 matched residential units here claim a homestead exemption. Homestead is filed the year after a purchase, so a community this newly built reads low for reasons that have nothing to do with who lives here. Treat this one as not yet settled.
Still delivering. 95% of the parcels here were completed in the last three years, the most recent in 2024.
Arm’s-length sales recorded with Sarasota County, read October 2026. Quitclaims, foreclosures, family transfers and pre-construction sales are excluded. Homestead requires the property to be a permanent residence, so the share carrying one is reported here as a share of matched residential units rather than as a count of who lives here. Homestead is a tax filing, not an occupancy count. A rented home can house full-time residents and will never carry the exemption, and an owner who lives here but never filed does not appear in it either. Read it as what share of matched residential units claim the exemption, not as who lives here. This community is still being built, so recorded sales include the builder’s original sales as well as resales.
At an estimated $28,176 a year in combined HOA and CDD, The DeMarcay sits about 106% above the Sarasota median of $13,676, ranking 68 of the 90 Sarasota communities whose fees this site tracks. There is no CDD assessment here, which is what keeps that figure down.
Estimates from the same dataset behind the fee pages and the True Cost Index. Fees vary by lot size and sub-association, and change with each budget.
Governing Documents
HOA & community documents for The DeMarcay
0 documents published by the association and linked to the page each one lives on. Nothing is copied here, so you read whatever they publish today.
DeMarcay Condo Assn Inc
Condominium associationMatched to The DeMarcay because: Florida’s register of condominiums records this association as the managing entity of DeMarcay, a condominium at 33 South Palm Avenue, which is the address this site gives in its own description of the building, and the unit count agrees EXACTLY, 39 against 39. THE ADDRESS ALONE IS NOT ENOUGH, which is why the count is checked: the register sometimes stores the managing entity’s mailing address in that field, and two unrelated condominiums both came back for one Cocoanut Avenue address during this research. That one was refused.
Who to contact
- Contact role
- Condominium association; the state register names it as the managing entity
No individual officer, director or manager is listed here. The register names the managing corporation; the current board is a matter for the association or Sunbiz.
Board members and officers are not listed here. They change often, and their names are on the association’s own records and in the state’s corporate filings, which is where they should be read from rather than from a page that cannot keep up.
DeMarcay Condo Assn Inc
No public documents have been located for this association yet.
Nothing found is not the same as nothing in force. Every community in Florida with an association has governing documents; this says only that they have not been found in a public place.
The governing body is known and nothing it publishes is public. That is a gap in what has been published, not evidence that the community has no restrictions. This list records what has been found in public, not everything that governs the property. Before an offer I pull the full document set for the specific address along with the association’s budget and financials.
The full document directory →Thinking about The DeMarcay?
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The DeMarcay FAQ
What kind of homes are in The DeMarcay?+
The DeMarcay offers downtown condominium. Attached homes carry an association that maintains the building itself, so the fee covers more than it would on a single-family home and the association's reserves matter to you directly. What a specific home includes, and what the association maintains, is set out in that community's documents and is worth reading before an offer rather than after.
What have homes in The DeMarcay actually sold for?+
43 arm's-length sales have been recorded in The DeMarcay since October 2023, at a median of $1,250,000. The middle eighty percent of those sales fell between $765,000 and $2,180,000, which is a better guide to the range than the extremes. The DeMarcay is new enough that most of these are original builder sales rather than resales, so they read as a price list more than as a resale market. These are prices recorded with Sarasota County, not asking prices, so they describe what buyers and sellers actually agreed. Figures read October 2026; quitclaims, foreclosures and family transfers are excluded.
Do people live in The DeMarcay year round?+
32% of the 40 matched residential units in The DeMarcay claim a homestead exemption, which Florida grants only on an owner's permanent residence, read from the Sarasota County roll in October 2026. That reads as a minority of homes here are claimed as a permanent residence. Read that figure with care here: Florida homestead is filed the year after a purchase, so a community still being delivered reads lower than it will settle at. Homestead is a tax filing, not an occupancy count. A rented home can house full-time residents and will never carry the exemption, and an owner who lives here but never filed does not appear in it either. Read it as what share of matched residential units claim the exemption, not as who lives here.
Is The DeMarcay still being built?+
The most recent home the county records in The DeMarcay was completed in 2024, across 42 platted parcels of which 40 carry a finished home. 95% of its parcels were completed in the last three years, so The DeMarcay is still being delivered: expect construction nearby, and the lot choice that comes with it. Build year matters more in Florida than buyers expect, because insurers weight roof age heavily and it drives what a property costs to carry rather than just what it costs to buy.
Does The DeMarcay have an HOA or CDD fee?+
The DeMarcay has an HOA fee estimated at $18,924 - $37,428 yearly, and the fee data for this community records no CDD assessment. A community development district bills through your property taxes rather than through the association, and its assessment can carry two separate components: debt service, which repays the bonds that funded roads, drainage and amenities, and an operations and maintenance charge, which does not end with the bonds. A community without a district avoids both as currently assessed. Figures are estimates, assessments are set annually, and both vary by home and phase, so confirm them for the specific address before relying on them.
What flood zone is The DeMarcay in?+
The flood zone recorded for The DeMarcay is X. Zones beginning A or V are the higher-risk categories, where a federally backed mortgage generally requires flood insurance, while zone X is lower risk and coverage is usually optional. Flood zone is assigned per property rather than per community though, and elevation can change both the requirement and the premium substantially, so get the zone and the elevation certificate for the exact address rather than relying on a community-level figure.
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