Nestled on 1. 1 acres of pristine bayfront along Sarasota Bay, Etowah stands as a timeless icon of Sarasota's rich heritage. Originally built in 1925, this two-story Mediterranean revival estate spans over 6, 500 square feet, offering captivating views of the bay while being 10-minutes away from Sarasota's downtown. Following an extensive year-long renovation, Etowah has been meticulously restored to its former glory, honoring its storied past with an unparalleled attention to detail. Previously in 1992, local architect Frank Folson Smith added a large extension to the West-side of the home, including an extensive master bedroom, bar-area and great room. The historic portion of the home, which features the formal living room, dining room, eat-in kitchen and additional bedrooms had been left untouched since then. Stepping inside, the entryway welcomes you with a vaulted ceiling, leading gracefully to the formal living room which features the homes original fireplace. Adjacent, the dining room, surrounded by windows crafted from original glass sourced from the nearby Ringling Bros. and Barnum & Bailey, sets the stage for entertaining, comfortably accommodating a table for 12 guests. For the culinary enthusiast, the modern kitchen has been thoughtfully designed with top-of-the-line Thermador appliances, a SubZero refrigerator, and every amenity required for a master chef. Plus, the eat-in kitchen makes the perfect spot to enjoy your morning coffee. Moving to the west-side of the home, the owners suite and great room are flanked on either side of a spacious courtyard. Making this a true destination for indoor and outdoor living and entertaining. The owners suite features his and hers walk-in closets, bay views and a spacious bath. The second-level of the home features a second primary bedroom with a wood burning fireplace, views of the bay and plenty of closet space. The additional 3-bedrooms on this level offers generous sized-rooms with a sunken office space/ den at the end of the hall. Completing this exceptional home is an original garage, connected to a workshop, gardening space, laundry facility, and additional private guest quarters. Etowah, is a one-of-a-kind property bridging historic Florida and modern living, overlooking the unparalleled beauty of Sarasota Bay.
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$7,650,000
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 | $6,120,000 | $6,120,000 | $6,120,000 |
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 | $4,081 | $4,081 | $4,081 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $39,694 | $39,187 | $53,733 |
Total Monthly Payment | $43,900 | $43,393 | $57,939 |
* 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.