New, urban coastal residence in the Gardens of Ringling neighborhood in Sarasota’s desirable Downtown East. Wow, what a great location! Close to everything that makes Sarasota such a great place to live -- the Legacy Trail is just out the back gate, within one mile of Payne Park, downtown and Publix or Sprouts markets, and just two miles to Bayfront Park, Ed Smith Stadium, Sarasota Memorial Hospital and Southside Village. Love the beach? Climb aboard the complimentary Bay Runner trolley at its north terminus for a free ride over the iconic Ringling Bridge to Lido Beach with stops in downtown and St. Armands Circle. Light, airy and blissfully serene, this 3, 352-square-foot residence reflects a coastal vibe comingled with urban chic. Large windows and high ceilings allow natural light to illuminate the open floor plan where common areas are connected for easy living. Quality construction includes concrete block first-floor, standing-seam metal roof, wide-plank luxury vinyl flooring, impact glass windows and sliding glass doors, solid-wood cabinets with soft-close mechanism, 8-foot solid-core interior doors, and screened-in outdoor kitchen, lanai and swimming pool. Luxury appointments include quartz countertops, kitchen island with waterfall detail, Bosch kitchen appliances, contemporary lighting and laundry on each floor. Private areas include four bedrooms, three full baths and two half baths. The primary suite on the first floor has a spacious bedroom, oversize walk-in closet with dual sections, laundry alcove and en-suite bath. Three additional bedrooms are on the second floor, along with two baths, loft and laundry closet. A home office is on the first floor. This home loves the outdoors, too. Sliding glass doors lead to a large covered lanai featuring an outdoor kitchen with built-in grill, chimney vent, stainless sink and under-counter refrigerator. This entire area is screened-in along with the swimming pool. The backyard is surrounded by easy-care landscape, and a privacy fence with gate access to the Legacy Trail. Gardens of Ringling in Downtown East is an established neighborhood with easy access to Sarasota’s exceptional amenities. Welcome home to an urban coastal retreat with livable comfort.
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$2,290,000
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 | $1,832,000 | $1,832,000 | $1,832,000 |
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 | $288 | $288 | $288 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,731 | $11,731 | $16,085 |
Total Monthly Payment | $12,144 | $12,144 | $16,498 |
* 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.