One of the first steps towards the revitalization of the Downtown Sarasota real estate market involved building a new new residential tower on the site where the swanky DeMarcay Hotel welcomed guests during the Roaring Twenties. The plans for this project date back to 2006, but it was delayed until 2019. The DeMarcay in Sarasota is now an imposing 18-story tower that offers everything you can expect from the boutique condominium lifestyle.

The elegant Spanish Mission style of this historical Florida landmark has been preserved as the entrance to The DeMarcay. The tower itself is being built in a Modernist style reminiscent of the Sarasota School of Architecture. When the building is ready for delivery of all residential units in 2023, The DeMarcay will stand out as one of the most striking elements of the Sarasota Skyline.

All units in this boutique condominium are luxuriously appointed to match the elegant look of the building and its facade. The floor plans range between 1,144 and 3,106 square feet with configurations of one, two, and three bedrooms. Marble floors, vaulted ceilings, Italian designer cabinets, high-end appliances, and quartz countertops are some of the details that make The DeMarcay irresistible. Pricing starts at $1.1 million for the coziest units; penthouses with views of the Sarasota Bay from expansive balconies list for $3.4 million.

Amenities at The DeMarcay start with concierge service and continue with a rooftop swimming pool, a Mediterranean-style sundeck, clubhouse with a gourmet catering kitchen, indoor parking, grilling area, and a modern exercise center. Neighborhood amenities include art galleries, performance spaces, the Mote Marine Aquarium, Bayfront Park, numerous cafes, and fine-dining restaurants. A Whole Foods supermarket is just a couple of blocks away, and driving to the beach in Longboat Key will not take you long at all.

With only 39 units in The DeMarcay, the pace of pre-construction sales has been brisk, and only five units were left as of September 2021. To give you an idea of value appreciation, initial pre-sale pricing was below $700K in 2019.