Under contract-accepting backup offers. One or more photo(s) has been virtually staged. Pre-Construction. To be built. Are you ready to experience the pinnacle of living in the vibrant heart of Sarasota? Look no further than The Ritz-Carlton Residence, Sarasota Bay. This iconic 20-story building is a masterpiece of elegance brought to you by Kolter Urban and designed by SB Architects. In the heart of Sarasota's downtown cultural district, Quay Sarasota offers a prime waterfront location that promises an unparalleled lifestyle meticulously managed by The Ritz-Carlton. All 78 residences were designed with exterior glass walls that flood the interior with abundant natural light. The spacious terraces provide panoramic views of Sarasota Bay, the Yacht Harbor and downtown Sarasota. On the fifth floor, this flow-through residence features 3, 863 square feet, a private elevator, 12-foot ceilings, expansive terraces, glass railings and a built-in outdoor grill that beckons you to savor year-round outdoor living. For culinary enthusiasts, the chef-inspired kitchen is a dream come true, featuring premium 10-foot European cabinetry, under-cabinet LED lighting and quartz countertops. The premium appliance package ensures your kitchen is not only functional but also a work of art. Amenities include a social club room, an indoor and outdoor bar, a state-of-the-art waterfront fitness center, a wellness center, hot and cold plunge pools, steam rooms, private treatment rooms and a pet park. Sports enthusiasts will appreciate the sports lounge, complete with a golf simulator. Enjoy a day on the bay with kayaks or paddleboards from the onsite water sports program. In addition, The Harbor Club, exclusively available to residents, features an exciting collection of additional amenities dedicated to socializing, health and wellness. Over 17, 000 square feet of resort-inspired amenities await. Intrigued? Don't miss your chance to be a part of this exclusive offering.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$6,199,000
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 | $4,959,200 | $4,959,200 | $4,959,200 |
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 | $32,165 | $31,754 | $43,541 |
Total Monthly Payment | $32,290 | $31,879 | $43,666 |
* 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.