35 Watergate DRIVE, #503, Sarasota, FL, 34236 | $2,750,000

The Tower Residences at The Ritz-Carlton offers a luxury lifestyle guaranteeing world-class signature service and amenities on the Bay in culturally rich downtown Sarasota. Step off your private elevator into an inviting, open and updated interior space with designer touches at every turn. This 2990 square feet, three bedroom, three bath design features beautiful 24-inch marble throughout the Residence, a fireplace along with Wolff, Subzero and Bauch Appliances in the gourmet kitchen. The spacious terrace can be accessed from every room - ideal for gracious entertaining and relaxation. The entire third floor of The Tower Residences building encompasses incomparable amenities that include a spectacular social room, recreation room, private theatre, fitness center, an outdoor fire table, barbecue grills, a heated pool and spa. World renowned Ritz-Carlton hospitality and services are provided by a dedicated Staff of Ladies and Gentlemen serving the Tower Residence Owners 24 hours each day. Bedroom Closet Type: Walk-in Closet (Primary Bedroom).

Features

  • Elevator: Y
  • Heating: Central, Exhaust Fan, Zoned
  • Cooling: Central Air, Zoned
  • Levels: 17
  • Amenities: Elevator(s), Fitness Center, Lobby Key Required, Pool, Recreation Facilities, Sauna, Security, Spa/Hot Tub, Storage
  • Rooms: 12
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Inside, Laundry Room
  • Complex: THE TOWER RESIDENCES
  • Year Built: 2003
  • Approx Sq. Feet: 2,985
  • Est. Taxes: $31,603
  • Condo Fee: $11,728 Quarterly
  • Lot Desc: City Lot, Near Marina, Sidewalk
  • View: Pool, Water
  • Elem. School: Alta Vista Elementary
  • Middle School: Booker Middle
  • High School: Booker High
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer
  • MLS#: A4601273
  • Days on Market: 235 days
  • Website: https://www.raveis.com
    /prop/A4601273/35watergatedrive_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/4/2024 5:03:51 PM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-951-6660

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Yokadi MejiaInsurance Sales Director, William Raveis Insurance

561.335.7966

Yokadi.Mejia@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

35 Watergate DRIVE, #503, Sarasota, FL, 34236

$2,750,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $2,200,000 $2,200,000 $2,200,000
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 $2,634 $2,634 $2,634
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $13,906 $14,087 $19,164
Total Monthly Payment $16,665 $16,846 $21,923

* 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.