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Under Construction. Welcome to 2311 Grove Street in the heart of Sarasota, minutes from world class Siesta Key beaches and a vibrant downtown. This new construction modern farmhouse has been thoughtfully designed and includes the highest quality materials and modern finishes. Rustic wood accents offer warm contrast to the home's black and white exterior. The wrap around front porch exudes curb appeal and welcomes you into this one of a kind masterpiece. Through the front door enter into the grand foyer leading to an open concept living area featuring an electric fireplace and floor to ceiling arched built ins. Ten foot ceilings throughout the first floor with additional height tray in the living room. The spacious gourmet kitchen features an oversized waterfall edge island, solid wood custom Omega cabinetry with quartz countertops and a quartz wrapped range hood. The fully integrated European style cabinetry extends to the ceiling and features a Sub Zero refrigerator and freezer and a Wolf 6 burner gas range. A bar area in the living room includes a wine refrigerator and nugget ice maker. Two 8 foot custom glass and steel doors grant entry into both the walk-in butler's pantry and wine storage. This home is truly designed for luxury entertaining. Hardwood floors run seamlessly throughout both levels of the home with curated tile combinations in the laundry room and bathrooms. The first floor primary suite features french doors and honed marble in the spa like bathroom with an oversized wet room shower featuring a soaking tub and dual shower heads along with a large walk in closet with ample storage and custom built ins. Eight foot sliding glass doors lead to one of three newtech composite decks totaling 1000 square feet of outdoor entertaining space. The fully fenced backyard with a resort style pool and spa will be your favorite spot to entertain guests or just relax after a long day. Upstairs you will find an expansive bonus room with arched entry and vaulted ceilings featuring a private balcony that overlooks the pool and spa. An ensuite guest room with a walk in closet and an additional bedroom and bathroom complete the second floor. Other notable features include whole house dehumidification system, blown foam insulation in exterior walls and ceilings along with sound insulation in all interior walls, LP Smartside siding, standing seam metal and shingle roof, leathered marble coping and pool deck, PGT impact black windows, Brizo plumbing fixtures and solid wood 8 foot interior doors throughout. Located within the Southside School district, blocks to Southside Village and Sarasota Memorial Hospital and a short drive to the beautiful Gulf beaches. This home is truly one of a kind, unmatched in design and quality. To be completed by November 2024!
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,749,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,199,200 | $2,199,200 | $2,199,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.014% | 7.082% |
Monthly Tax Payment | $490 | $490 | $490 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,816 | $14,447 | $19,614 |
Total Monthly Payment | $15,431 | $15,062 | $20,229 |
* 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.