OVER $300, 000 PRICE REDUCTION… BRING AN OFFER. This home was spared from Helene's rising waters, even in garage area!! INCREDIBLE NEW PRICE REDUCTION, BEST BAY FRONT VALUE IN SARASOTA. Welcome to this impressive 6000-square-foot home on one of Bird Key's favorite streets. 110 feet of expansive west-facing full bay views overlooking Lido Key, the Sarasota Yacht Club, and spectacular sunsets define this amazing residence. Built-in 2001 by its current owner, the residence has 4 en-suite bedrooms with 2 additional full bathrooms plus a powder room and a 3-car side entry garage. Upon entering the home, you are greeted with soaring ceilings and marble tile flooring with walls of windows showcasing the stunning water views. The kitchen is the heart of the home, updated in 2019, boasts a gas Thermador range, Sub-Zero refrigerator and a large island with seating and is open to the family room and additional wet bar. The owner's suite, on the main level, has sweeping views of the bay and access to the terrace. The luxurious primary bathroom, remodeled in 2018, features his and her walk in closets, an oversized shower, garden tub, and two water closets, one with a separate vanity. Other notable upgrades include a private office with built-in custom cabinetry, Armorvue Impact doors and windows throughout, clay tile roof, a whole house solar system (owned), and an elevator servicing all levels. Mid level is a spacious guest suite with two juliette balconies, sitting area, walk in closet and private bathroom. On the upper level are two additional oversized bedrooms both with en-suite bathroom. And for your entertainment, there is a movie theater and separate club room with terrace overlooking the bay. The main level patio has an outdoor kitchen with gas grill and dining area, while the lower terrace offers a large seating area with fire pit, an oversized heated pool with spa, and a dock with a 10, 000-pound boat lift and 2 jet ski lifts. Located in one of the most treasured communities of Sarasota, Bird Key offers the best of all worlds, just moments from St. Armands Circle, Lido Key, and the arts and culture of downtown Sarasota.
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Our Executive Mortgage Banker:
Our Insurance Division:
$7,975,000
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 | $6,380,000 | $6,380,000 | $6,380,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $3,525 | $3,525 | $3,525 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $40,852 | $40,852 | $56,016 |
Total Monthly Payment | $44,502 | $44,502 | $59,666 |
* 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.