DeMarcay project down to remaining two homes

The homes are expected to be ready for buyers some time this fall.

By Business Observer Staff
| 5:00 p.m. February 1, 2023
| 1 Free Article Remaining!

One of the homes that remains to be sold is a $12.5 million residence.

Manatee-Sarasota

And then there were two.

There are only two homes left for sale within The DeMarcay 39-unit luxury residential condominium project in downtown Sarasota.

The 3,407-square-foot residence is listed at $4.25 million and features three bedrooms, a den, three-and-a-half bathrooms, two outdoor terraces and two parking spaces. The largest home of the project is also still available at $12.5 million. It occupies the 15th and 16th floors taking up 6,814 square feet of space. The layout includes four bedrooms with three additional rooms that can be customized into a library, wine room or home theater, with other options also available.

“These last two homes are some of the largest and most upscale condos on the market in Sarasota with unrivaled waterfront views,” Greg Kveton, GK Real Estate principal, the project developer, says in a statement.

Kveton says the expectation is to have homes ready for buyers in fall of 2023. Currently, drywall has been installed through the seventh floor and windows are complete through the tenth floor. The 18-floor residence is situated on South Palm Avenue across the street from the DeMarcay sales gallery that features a scaled replica of the building.