Renovate or tear down. Seize this rare and unparalleled opportunity to own prime land in one of the most exclusive and sought-after waterfront neighborhoods in Sarasota’s desired West of Trail area. Along the serene shores of Sarasota Bay, this exceptional property promises breathtaking panoramic views of the bay and the iconic Golden Gate Point, creating a canvas for your dream home. Ideally at the crossroads of Sarasota’s finest destinations, this property places you just moments from the pristine beaches of Lido Key and Siesta Key, while also offering convenient access to the vibrant cultural, dining and shopping experiences of downtown Sarasota. Whether you seek the sophistication of the opera, the galleries and museums, or the excitement of Sarasota’s nightlife, you are just minutes from it all. For those prioritizing healthcare, Sarasota Memorial Hospital and renowned providers are only a short drive away. Bay Point stands as a testament to Sarasota’s rich history, being one of the earliest established and most prestigious communities in the area. Pride of ownership is evident throughout the neighborhood, where residents enjoy immaculately maintained homes, scenic walkability, charming street lighting and carefully preserved open spaces. The front view of the property captures the elegant charm of this distinguished neighborhood, while the back unveils a stunning, private vista overlooking Sarasota Bay and the lush beauty of Marie Selby Botanical Gardens, an ideal setting for serene living. For water enthusiasts, this property offers premium access to Sarasota Bay. The owner enjoys the luxury of docking a 48-foot boat, noting the exceptional dockage and protection provided by the deep-water access with no bridges to the bay or Gulf of Mexico, making it a boater’s paradise. This property is offered as-is, inviting you to design and build a spectacular, custom residence that capitalizes on rare waterfront lifestyle this premier Sarasota enclave has to offer. Don't miss your chance to invest in one of the most desirable locations Sarasota has ever known.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,549,000
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 | $4,439,200 | $4,439,200 | $4,439,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.826% | 6.936% |
Monthly Tax Payment | $1,644 | $1,644 | $1,644 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $28,793 | $28,793 | $39,283 |
Total Monthly Payment | $30,562 | $30,562 | $41,052 |
* 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.