Under contract-accepting backup offers. Along the beaches of Casey Key, a private gated road leads to the exclusive northern end of this coveted barrier island. Sited on nearly 2. 5 acres and 150 feet of private beach front, lies a spectacular estate home that has been shared and enjoyed by one family for generations. Designed by renowned architect Timothy Siebert, the property was thoughtfully planned as a gathering place. Wrapped around the inner courtyard, 6 en-suite bedrooms, 7 and 1 half baths, provide guests with access to a resurfaced pool, spa and tennis court and their own private retreats. High ceilings throughout emphasize the grandeur of the spacious rooms. The large kitchen and formal dining rooms are ideal for preparing and serving every culinary delight. Stepping across the expansive front lawn, enhanced with exotic palms, a private boardwalk leads to the powdered sugar quartz sand beach. One can walk for miles with turquoise blue water along the Gulf of Mexico or enjoy a place to rest on the shore with a fabulous book. With no public beach access for miles, guests are pleasantly surprised how quiet and seemingly uninhabited Casey Key remains. Designated as a conservation district by the State of Florida, building is reserved for single family homes. There are no high rises or condominiums permitted and the reputation for its natural beauty and elegance will be retained for generations to come. Private and commercial air travel in nearby Venice and Sarasota are so convenient. Shopping, golf and restaurants are all easily accessible making this destination nearly too good to be true. One of the Sarasota areas most exclusive addresses, North Casey Key will not disappoint.
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Our Executive Mortgage Banker:
Our Insurance Division:
$10,500,000
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 | $8,400,000 | $8,400,000 | $8,400,000 |
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 | $7,120 | $7,120 | $7,120 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $53,094 | $53,786 | $73,173 |
Total Monthly Payment | $60,339 | $61,031 | $80,418 |
* 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.