One or more photo(s) has been virtually staged. Under Construction. Just available is this rare, penthouse-level unit with unparalleled panoramic water views of Sarasota Bay and the Gulf of Mexico. A condominium with a view like this is seldom offered for sale and the top floor equals top views! Watch the most breathtaking sunsets from your private, extra-large, screened-in balcony on the 5th and top floor of this spectacular condominium as you look out to the barrier island of Casey Key. Centrally located between historic Venice and vibrant downtown Sarasota is Edgewater at Hidden Bay. This gated, 12-acre resort-style community is nestled on the water’s edge of Little Sarasota Bay in Osprey, Florida. The final waterfront building of 16 units is now under construction and is designed in the architectural style of Key West. Completion is expected in August of 2023. This three-bedroom plus den, two-bath residence features fine interior appointments. Inside you’ll find a generously sized gourmet kitchen with LG Professional stainless steel appliances, granite countertops, shaker-style cabinetry, counter seating, a choice of flooring and plenty of storage space. The spacious living room and dining room feature an open floor plan. The primary bedroom is expansive with large dual walk-in closets and direct access to the outside balcony. The primary bath boasts dual vanities and a frameless glass shower. Kohler plumbing fixtures, level-5 drywall, hurricane impact-resistant windows and doors, solid-core interior doors, a full-size washer and dryer and a high-efficiency central air conditioning unit are standard features. Hidden Bay has 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, kayak storage and launch, a 500-yard boardwalk that meanders through lush mangrove and palm fields to a handsome fishing pier. And there is a fabulous newly renovated clubhouse featuring a full catering kitchen, fully stocked reading library, professional fitness room, an entertainment area and dining room for dinner or cards. Each unit has under-building parking with a secured storage unit. It’s close to local beaches, airports, restaurants, multiple marinas, shopping and so much more. Come visit Edgewater at Hidden Bay — a true hidden gem. There is a limited supply of these beautiful waterfront units left, so plan a visit!
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William Raveis Mortgage, LLC
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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 | $740,000 | $740,000 | $740,000 |
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 | $64 | $64 | $64 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,738 | $4,738 | $6,497 |
Total Monthly Payment | $4,894 | $4,894 | $6,653 |
* 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.