NO HURRICANE OR FLOOD DAMAGE!!! This beautifully updated Bay front condo combines modern, minimalist design with high-end finishes and a re-engineered floor plan, offering a unique living experience in the Windward Bay community. The bright, open living space is highlighted by 24-inch porcelain tile that flows seamlessly throughout, creating a sleek and sophisticated aesthetic. The expansive great room and split bedroom layout maximize space and functionality, while a stunning 30-foot wall of new PGT Hurricane Impact Windows offers unobstructed views of Sarasota Bay and abundant natural light. The Owner's Retreat, tucked away for privacy on the far end of the home, features a spacious walk-in closet with conveniently placed in-unit laundry plus an ensuite bathroom complete with a floating double vanity and custom glass-enclosed shower. On the opposite side of the home, the second bedroom provides a peaceful and private guest space, which can also be used flexibly as a home office or additional lounging area. In 2022/2023, the condo underwent a major renovation that included custom LED lighting, Level 5 (smooth) wall finishes, custom tile work, custom cabinetry, under-cabinet accent lighting and high-end finishes including quartz counters, marble mosaic tiles, and custom closets, adding to the home's elegant style. For wonderful peace of mind, the Windward Bay community has successfully passed its Milestone Integrity Inspection Study, certifying the property for another ten years, plus the monthly HOA fee includes the insurances (hazard, hurricane, and flood). For water enthusiasts, first-come/first-served boat slips are available for lease, accommodating up to 30-foot boats or personal watercraft for just $40 per month, or $45 per month with an owner-supplied lift. Windward Bay is also pet-friendly, welcoming two pets up to 75 pounds, even for renters! The community is rich with amenities, offering three beach access points, two heated pools (one ideal for laps), tennis, pickle ball, clubhouse, fitness center, locker rooms, saunas, bike racks, kayak storage and launches, two marinas, fish cleaning stations, BBQ grills, fire pits, outdoor dining areas, walking paths, and on-site professional management. For those looking to generate rental income, the condo can be rented immediately after purchase, with a minimum one-month lease period allowed up to twice per year. Ideally located, the serenity and low density of Windward Bay has easy access to the dining, shopping, and cultural attractions of downtown Sarasota and St. Armands Circle, along with nearby professional marinas and championship golf courses, making this a prime location for both relaxation and adventure.
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$875,000
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 | $700,000 | $700,000 | $700,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $734 | $734 | $734 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,482 | $4,540 | $6,146 |
Total Monthly Payment | $5,308 | $5,366 | $6,972 |
* 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.