Enjoy gorgeous views of Sarasota Bay from this three-exposure end unit at the coveted Savoy on Palm, an intimate building with only twenty-four units. The historic downtown skyline is framed by old growth oaks through the many floor-to-ceiling windows. Relax with views of Laurel Park’s greenery from your balcony. Stroll South Palm Avenue’s tranquil tree-lined neighborhood on your way to restaurants, theatre, opera, shopping, and cinema. In less than two short blocks, you’ll watch the sunset, drink in hand, at the Bay Front Park and marina.
Tall windows provide abundant light in 3, 172 sq ft of understated elegance. Pass through sophisticated glass doors onto modern porcelain floors with granite and marble-topped cabinetry in kitchen and baths. Top-of-the-line appliances include Sub-Zero, Wolf, and Cove plus an on-trend steam/convection oven. Close the door on your private two-car garage steps from your personal storage room.
A pet-friendly building with a fully fenced side yard, the Savoy’s owner amenities include concierge service, building manager, two-room guest suite, community social room with a catering kitchen, and a library for more intimate gatherings. Invite your personal trainer to the comprehensive fitness room then unwind from your workout in the private massage room. The exceptional outdoor living space includes a heated spa and pool with luxury seating, twin Wolf gas grills, outdoor kitchen, dining tables, and bar ready for you to enjoy social events with your friends, family, and fellow owners.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,950,000
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 | $2,360,000 | $2,360,000 | $2,360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.250% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.336% | 6.360% | 6.201% |
Monthly Tax Payment | $2,051 | $2,051 | $2,051 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,531 | $14,531 | $19,915 |
Total Monthly Payment | $16,707 | $16,707 | $22,091 |
* 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.