A wonderful opportunity on this spectacular NEW CONSTRUCTION residence in the highly sought after Moorings situated upon a generous southwest oversized parcel! The ability to be apart of the selection process, personalizing the residence to your desired finishes and specific taste essentially grants you the ultimate opportunity to create your custom residence if so desired! The seamlessly flowing open floor plan offers the true Florida lifestyle combined with indoor/ outdoor living. The floor plan is designed with the most desired concept creating an ambiance of togetherness with the kitchen, dining, great room, outdoor kitchen, and outdoor living all within an expansive area. Besides the gracious primary suite there are 3 additional upper en suites with a loft and covered balcony. Noting, the study being a 5th en-suite option as well on the main floor. The home will include Wolf and Sub Zero appliances, European wide plank white oak flooring, Quartzite countertops in the expected main areas with quartz in both laundry rooms, tile and marble throughout the bathrooms, home automation, automated shades, alarm and cameras, Anderson windows, hurricane shutters and screens on the lanai, custom closets, 1000 gallon propane tank, whole home generator, elevator, and much more! LOCATION!!!! You are the most centrally located West of US 41 between the Ritz/ Mercato and the iconic downtown 5th Ave / 3Rd St S. Venetian Village, Waterside Shops, Artis, and the new highly anticipated Four Seasons are all within mere minutes. You also have the ability to join the Moorings private beach access which is beautiful for days spent along the Gulf. Golf? Yes, the Moorings Country Club has availability for the golf enthusiasts as well!! Currently resides as 2955 Binnacle for demo permits.
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Our Executive Mortgage Banker:
Our Insurance Division:
$6,995,000
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 | $5,596,000 | $5,596,000 | $5,596,000 |
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 | 7.333% | 6.876% | 6.936% |
Monthly Tax Payment | $1,384 | $1,384 | $1,384 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $36,296 | $36,296 | $49,520 |
Total Monthly Payment | $37,805 | $37,805 | $51,029 |
* 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.