Under contract-accepting backup offers. One or more photo(s) has been virtually staged. NOTE: 14' elevation on first living level, AC units at 14. 2' elevation, set up for generator, garages dry, no flooding in Debby, Helene nor Milton! No damage to home either. This home is a fortress built to exceed building standards.
Step into the realm of unparalleled luxury within this meticulously crafted new construction home, the crown jewel of a gated community strategically positioned for the utmost convenience and exclusivity. Located in close proximity to downtown Sarasota's vibrant amenities, including restaurants, theaters, and boutiques, this residence offers not only a home but a lifestyle of unparalleled sophistication.
Proudly bearing the distinction of being the builder's own residence, every facet of this home reflects a commitment to excellence, with each detail meticulously considered and executed to perfection. What truly distinguishes this property is its unparalleled access to two of Sarasota's breathtaking bayfront parks: The Bay, heralded as the city's most dynamic public bayfront park, and Whitaker Gateway Park, a mere stone's throw away. Moreover, residents are privileged to enjoy sunsets from the community day dock where you tie up your vessel for the day or enjoy the hues of dusk as they paint the sky in a breathtaking display of natural beauty. In addition to its enviable location and amenities, this home boasts tremendous value in its features, including five bedrooms, a shimmering pool, rejuvenating spa, and an expansive media/game room primed for entertainment. With a four-car garage, complete with a designated space for toys, this residence seamlessly blends functionality with opulence, catering to the most discerning homeowners. Discover the epitome of craftsmanship and design, where urban sophistication harmonizes with waterfront tranquility. Indulge in the perfect synthesis of modern luxury and coastal allure, as you embrace a lifestyle of unparalleled refinement in this extraordinary residence.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,199,000
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 | $2,559,200 | $2,559,200 | $2,559,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $488 | $488 | $488 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $16,599 | $16,387 | $22,470 |
Total Monthly Payment | $17,212 | $17,000 | $23,083 |
* 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.