Under contract-accepting backup offers. This remarkable Bayfront residence is nestled in arguably the best location on the prestigious and highly sought-after Bird Key neighborhood. Custom-built in 2007 by renowned builder Steve Murray of Murray Homes, this masterpiece epitomizes quality craftsmanship, marrying superior design with exquisite finishes. The home’s western exposure with breathtaking sunsets offers sweeping views of Sarasota bay and direct views of Lido Key and Sarasota Yacht Club. On entry you are greeted by soaring 23-foot-high ceilings and expansive walls of glass showcasing spectacular Bay views. The interior boasts a thoughtfully designed open-concept split floor plan blending well-defined and flowing areas. The chef’s kitchen with its expansive 10-foot-long island, flows effortlessly into the family room and informal dining area. The first floor also features a formal living room with natural stone fireplace, formal dining room, a meticulously crafted office/study with quality built-ins, a wine cellar/butler’s pantry, and the luxurious primary suite with terrace access. The walnut staircase or the elevator lead to the second floor, where entertainment awaits in the well-equipped media room and billiards room. The second floor also houses two additional bedrooms with en-suite bathrooms as well as a stunning second primary suite with its sitting room that boasts unrivaled views of Lido Key. Outside, expansive spaces beckon for entertaining, complete with an outdoor kitchen, ample covered seating and lounging areas, a fire pit, and a uniquely shaped 36-foot pool with a spillover hot tub and nighttime colored lighting. A dock with a 16, 000 lb boat lift and newer seawall offer direct access to Sarasota Bay. Bay-facing balconies on both levels provide additional vantage points to admire the pool and the stunning bay waters. Additional luxury features include marble and walnut floors, pecky cypress ceiling beams, Lutron automated touch system, and a generator with automatic switchover. The property includes a gated driveway entrance with a double and a single side entry car garages. Living on Bird Key affords unparalleled convenience, with Sarasota’s downtown attractions, Lido Beach, and St. Armand Circle just moments away. Residents also enjoy access to the Bird Key Yacht Club, offering social activities, tennis, fitness facilities, dining, and a marina. Experience the pinnacle of waterfront living in this exceptional residence.
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Our Executive Mortgage Banker:
Our Insurance Division:
$8,750,000
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 | $7,000,000 | $7,000,000 | $7,000,000 |
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 | $6,412 | $6,412 | $6,412 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $44,245 | $44,822 | $60,978 |
Total Monthly Payment | $50,782 | $51,359 | $67,515 |
* 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.