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33 S Palm AVENUE, #1401, Sarasota, FL, 34236 | $4,310,000
One or more photo(s) has been virtually staged. Under Construction. The DeMarcay Developer Reserve Collection - 3 bedroom plus den & 3. 5 bath residence in 18-story intimate BOUTIQUE CONDO TOWER located in charming historical Sarasota! The ROOFTOP POOL offers sweeping views of the bay and city coupled with a state-of-the-art outdoor kitchen, beautiful clubhouse and two terraces perfect for entertaining. 24/7 staff on site to provide resident services. Wonderful downtown location tucked amongst the most coveted galleries, restaurants, shops, & theaters (while still being close to the Marina) puts the 39 private residences at The DeMarcay in one of the best locations for walkability! This reinvention of the 1922 DeMarcay Hotel artfully pays homage to its past while claiming its place as one of the few modern buildings of its type in this location. Buyers will select from designer finishes to make their home their own. Interiors include custom cabinetry, Miele appliances with gas cooktop, quartz counters, spa-like baths, large windows, 11' ceilings and private terraces with every home~ offering a city and/or water view! Parking included. Delivery scheduled for Fall of 2024. 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
- Amenities: Clubhouse, Elevator(s), Fitness Center, Gated, Lobby Key Required, Pool
- Rooms: 7
- Bedrooms: 3
- Baths: 3 full / 1 half
- Laundry: Inside, Laundry Room
- Complex: THE DEMARCAY
- Year Built: 2023
- Common Charge: $3,415 Monthly
- Approx Sq. Feet: 3,407
- Est. Taxes: $0
- View: City, Water
- Pet Policy: Yes
- Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Microwave, Range, Range Hood, Refrigerator, Washer
- MLS#: A4524624
- Days on Market: 359 days
- Website: https://www.raveis.com
/prop/A4524624/33spalmavenue_sarasota_fl?source=qrflyer
Listing courtesy of WOLF RESIDENTIAL Phone: 877-965-3338
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, #1401, Sarasota, FL, 34236
$4,310,000
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 |
|
|---|---|---|---|
| Loan Amount | $3,448,000 | $3,448,000 | $3,448,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.321% | 6.826% | 6.936% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $22,364 | $22,364 | $30,512 |
| Total Monthly Payment | $22,489 | $22,489 | $30,637 |
* 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