Presented byAllison Ficken |
ENJOYMENT THROUGHOUT ALL THE SEASONS IS HERE! The perfect luxury pied-à-terre or year-round residence. TOP FLOOR corner end unit 511 SHINES in this 2021 MODERN build boutique downtown condominium located in the flourishing Rosemary District. Location and lifestyle immerse with all the culture and ambiance of city living, tucked into the neighborhood for a calm retreat. In zone X, an area determined to be outside of the floodplains, and at an elevation of 30 ft. A refreshingly low condo fee only $435 monthly. This airy unit lives well with a thoughtful open floor plan, a spacious South-facing 100 square foot private terrace, all comprising 1, 067 total square feet for ultimate enjoyment. This modern building was designed by the award-winning DSDG Architects firm utilizing impressive design elements, post-tension concrete construction, enhanced sound attenuation, and impact windows and terrace doors with Solarban. As you enter the unit your gaze is pulled to the expanse of glass that lines the width of the living space. The views impress and present the downtown city skyline to enjoy sunny day vistas and nights that twinkle. Perched on the 5th floor revealing soaring ceilings in the living area and primary bedroom showcasing open web steel joists—and notice the concrete architectural features further accentuating on the loftlike aesthetic. There are many designer enhancements and upgrades including custom color solid wood cabinets, stylish tile kitchen backsplash, automated Hunter Douglas blinds, custom fitted California Closets system, modern ceiling light fixtures in living area and den, pebble floor tile in the glass walk-in shower, modern vanity light fixture and substantial wood frame vanity mirror. The coastal-vibe wood-look plank floor tile throughout the main living area continues into the den and bathroom. The entryway has a convenient reach in closet that can be imagined to needs. The kitchen is designed with a generous peninsula accommodating ample counter seating, counters of durable Caesarstone quartz and equipped with Samsung stainless steel appliances. Electrolux stacked washer/dryer conveniently hidden behind the laundry closet pocket door in the hallway next to the bathroom. The second bedroom featuring a recessed ceiling provides flexibility of use, be it a den or office, workout space or guest accommodation. Solid wood interior doors with lever handles add to the long list of quality attributes. Top 5th floor residents enjoy an overlook terrace off the corridor looking out over the pool terrace and city beyond. Amenities include an elevated rooftop heated pool and sundeck on the 3rd level, complete with gas grill, and a covered lounge area. 332 Cocoanut has only 36 residential units and is a secure building with fob entry and surveillance, 2 elevators, secure climate-controlled storage room on the second floor, and ground level under building parking. Unit 511 comes with 1 covered parking space and 5 x 10 storage cage. A short 500 yards to Whole Foods Market and the year-round Sarasota Farmers Market. And the experiences of Main Street intersecting from there. Delightful St. Armands Circle and Lido Beach are under 3 miles over the scenic Ringling Bridge. Eateries, Shops, Galleries, Theatre, Opera, Ballet, the Sarasota Bayfront, and Marina, the evolving 53-acre Bay Park, and more, so close just steps from your door. Hop on the Bay Runner to the beach. Catch the Breeze to SRQ airport only 4 miles away.
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Our Executive Mortgage Banker:
Our Insurance Division:
$835,000
Sales Associate
William Raveis Real Estate
Phone: 941.960.0409
Allison.Ficken@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 | $668,000 | $668,000 | $668,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.304% | 6.762% | 6.725% |
Monthly Tax Payment | $506 | $506 | $506 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,222 | $4,277 | $5,819 |
Total Monthly Payment | $4,820 | $4,875 | $6,417 |
* 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.