HIGH AND DRY!!!! NO WATER INSIDE THE HOME DURING HURRICANE HELENE!! 17 FEET ABOVE SEA LEVEL!! This breathtaking estate on the bay presents a rare fusion of historic charm and modern luxury. Nestled in the heart of Sarasota's oldest settlement and featuring 220 feet of prime Sarasota Bay frontage, the property encompasses four structures, each crafted to offer unparalleled comfort, privacy, and sophistication. The property sits on almost 2 acres and is just a mile from downtown Sarasota. The main house, a meticulously remodeled historic gem, spans over 3, 000 square feet and features 2 spacious bedrooms and 3 bathrooms. It seamlessly integrates classic architectural details with contemporary finishes. With expansive views of the bay from any room, the main house is straight out of a movie set. For car enthusiasts, a four-car garage provides ample space for an exotic collection, while a charming carriage house above includes a 1-bedroom, 1-bathroom suite, perfect for guests or family. A standalone, remodeled office building offers a serene workspace amidst the estate’s award-winning landscaping. The lush botanical gardens and landscaping is renowned by all serious garden lovers and enthusiasts and hosts an annual Garden Tour event in Sarasota each year. Additionally, a delightful 2-bedroom, 2-bathroom guest house ensures that visitors enjoy the same level of luxury and comfort. This Sarasota Bay estate is not merely a residence; it represents a distinguished lifestyle, offering an exceptional opportunity to own a piece of history and indulge in the finest waterfront living in Florida. With a land elevation of 17 feet this home is dry when the rest of the city is under water and has the highest waterfront home in the entire area. This property is secluded at a dead end street that it feels like you are miles away from civilization yet Downtown is just a few minutes away. There is a brand new concrete drive way and parking pad! The price per square foot of land for this amazing estate is unmatched by any other current listing available. Sunsets can be enjoyed from the 100' dock that will be constructed soon!
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Our Executive Mortgage Banker:
Our Insurance Division:
$14,200,000
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 | $11,360,000 | $11,360,000 | $11,360,000 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $73,681 | $72,739 | $99,740 |
Total Monthly Payment | $73,806 | $72,864 | $99,865 |
* 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.