Presented byFesta Foley RE Team |
Under Construction. This is a unique opportunity to purchase a custom-designed home that allows you to be part of the creation process, offered at $4, 500, 000 and scheduled for completion near July of 2024. The mid-century modern home boasts 4, 706 square feet under air with a total building area of 6, 242 square feet. Situated west of Tamiami Trail in North Sarasota, the property is conveniently located between Indian Beach and Indian Beach Park, offering easy access to Sarasota’s entertainment district, upscale dining venues, Marina Jack Park, St. Armands Circle, Lido Beach, and the Sarasota/Bradenton Airport. The main floor features ceramic tile throughout, a spacious open floor plan, custom kitchen cabinets, luxurious quartz countertops, and high-end stainless steel appliances, including a gas cooktop and a kitchen island overlooking the living area. The dining and living spaces are ideal for hosting family gatherings or social events, featuring a soaring 24-foot high ceiling. The primary bedroom on the first floor includes an ensuite bath, a custom-designed walk-in closet, and glass sliding doors opening to the pool deck. The custom-built pool area boasts an outdoor kitchen and dining space, seamlessly extending the indoor living space. Venture to the second floor, where custom hardwood floors grace the second primary bedroom with an ensuite bath and custom vanity, alongside a study, computer networking control room, two office spaces, and a guest bedroom. Glass sliders from the bedrooms and offices lead to expansive second-floor decks. On the third floor, you'll find two additional primary bedrooms with ensuite baths, custom-designed walk-in closets, and high-quality finishes throughout. Indulge in the audio-visual movie theater room with plush seating and a game room offering views of the lower living space. The home features impact glass windows and doors, LED lighting, and a spacious three-car garage at the front. For more details on interior finishes, fixtures, appliances, exterior renderings, floor plans, and elevations, contact the agent.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,500,000
Luxury Properties Specialists
William Raveis Real Estate
Phone: 781.264.5957
FestaFoleyRETeam@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.335.8179
Michael.Cartier@raveis.com
NMLS Mortgage Loan Originator ID 1017266
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,600,000 | $3,600,000 | $3,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $217 | $217 | $217 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $23,051 | $23,051 | $31,608 |
Total Monthly Payment | $23,393 | $23,393 | $31,950 |
* 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.