Under contract-accepting backup offers. One or more photo(s) has been virtually staged. The only MOVE-IN ready NEW construction home on Bird Key! This newly built home (2024) meets all the required elevation and code regulations and had absolutely No damage or water intrusion this hurricane season. Featuring careful design and meticulous attention to detail, this beautiful custom residence in highly desirable Bird Key, ideally located between vibrant downtown Sarasota and charming St. Armand's Circle, is poised to welcome you to a new chapter of Island Luxury Living. Built by Heritage Builders, renowned for their commitment to excellence, this exquisite 3 bedroom, plus office, 3 bathroom, pool home offers well over 3, 000 square feet of coastal elegance. As you walk the stairs to the grand entrance, you will be captivated by the stunning architecture of this residence with exquisite cornices and large windows adorned with tropical shutters. Inside, the Great Room impresses with its magnificent soaring ceiling reminiscent of the finest British Eastern Caribbean homes. The office to the right boasts double doors and its dramatic window brings sunlight and tropical views to your working day. The Great Room with an elegant fireplace seamlessly flows into a screened-in lanai through a wall of sliding doors, offering indoor-outdoor living at its best. Step down from the lanai and discover your fenced-in private oasis with heated saltwater pool with cascading waterfalls and a relaxing spa. The gourmet kitchen is a chef's dream, complete with an oversized island, ceiling-height cabinetry, counter to ceiling backsplash, quartz countertops, sleek stainless-steel appliances featuring a fabulous gas range, a spacious pantry and space for your very own coffee station. The adjacent dining area, highlighted by a 12-foot tray ceiling, opens to the screened in loggia ensuring a bright and airy atmosphere perfect for dinners and entertaining. The split bedroom layout offers privacy and tranquility. The primary suite bathed in natural light features two generous walk-in closets complete with an ensuite luxurious bathroom. The two guest bedrooms on the other side are bright and airy and have walk-in closets and ensuite bathrooms, providing comfort and convenience. The third bathroom serves as a cabana bath opening to the loggia leading to the pool area. A well-equipped laundry room/butler's pantry includes extensive cabinetry and a large sink. Additional features include an oversized two car garage with epoxy coated flooring, an underground 500-gallon propane tank, well water for irrigation and for your peace of mind, all windows and sliders are impact resistant. Embrace the vibrant cultural Sarasota lifestyle and make 625 South Owl Drive your home, a place where coastal elegance, modern luxury and comfort await. Don’t miss the opportunity to experience the best of Florida living in this move-in ready, new home in Bird Key. Schedule your private showing today.
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$3,950,000
William Raveis Real Estate
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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 | $3,160,000 | $3,160,000 | $3,160,000 |
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 | $1,048 | $1,048 | $1,048 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $20,234 | $20,496 | $27,745 |
Total Monthly Payment | $21,407 | $21,669 | $28,918 |
* 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.