Under Construction. Photos are for demonstration purposes only and may not reflect the actual unit or floor plan. Centrally located between historic Venice and vibrant downtown Sarasota is Edgewater at Hidden Bay, a gated, 12-acre resort-style community located on the water's edge of Little Sarasota Bay in Osprey, Florida. The final waterfront building of 16 units is now under construction, scheduled for completion in 2024, and is designed in the architectural style of Key West. This three-bedroom, two-and-a-half-bath, plus den residence offers tree-top views with beautiful water views. Enjoy breathtaking sunsets from your private screened-in balcony as you look out across the bay to the barrier island of Casey Key. Inside the unit, you'll find a spacious living room and dining room featuring an open floor plan. Enter the sparkling gourmet kitchen with stainless steel appliances, quartz countertops, white cabinetry, counter seating, and plenty of storage space. The primary bedroom is expansive with large dual walk-in closets and direct access to the outside balcony. Bonus on the second-floor unit: wood flooring and premium quartz countertops. The primary bathroom boasts dual vanities and a glass-framed shower. Kohler plumbing fixtures, hurricane impact-resistant windows and doors, a full-size washer and dryer, and a high-efficiency central air conditioning unit are standard features. Hidden Bay offers fantastic amenities, including a heated pool and spa with an expansive sundeck, grilling station, two lit pickleball courts and one tennis court, a pond with water fountains, a kayak launch, and a 500-yard boardwalk that meanders through lush mangrove and palm fields to a handsome fishing pier. Additionally, there is a fabulous newly renovated clubhouse featuring a full catering kitchen, a fully stocked reading library, a professional fitness room, an entertainment area, and a dining room for dinner or cards. Each unit includes under-building parking with a secured storage unit. Conveniently located near local beaches, airports, restaurants, multiple marinas, and shopping, there is a limited supply of these beautiful waterfront units left!
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Our Executive Mortgage Banker:
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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 | $683,800 | $683,800 | $683,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $69 | $69 | $69 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,435 | $4,378 | $6,004 |
Total Monthly Payment | $4,596 | $4,539 | $6,165 |
* 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.