MODERN CORNER-UNIT TOWNHOUSE in Downtown Sarasota’s Payne Park Village. Discover the perfect blend of contemporary design and urban convenience in this new construction corner-unit townhouse in the sought-after Payne Park Village built by David Weekly Homes. This three-bedroom, three-bathroom residence offers a stylish and functional living space in the heart of Downtown Sarasota. The gourmet kitchen is a cooker's ideal space to cook tasteful meals, featuring timeless shaker-style 42” cabinetry, elegant quartz countertops, and a spacious island with bar seating, an upgraded feature from the builder. High-end stainless steel appliances, including a drop-in glass cooktop, built-in oven, and microwave, enhance both sophistication and efficiency, while an upgraded water filtration system ensures optimal quality. The second-floor open-concept living and dining area is filled with natural light, complemented by warm laminated wood flooring. The additional guest bedrooms offer plush carpeting for added comfort. The conveniently located third-floor laundry room comes fully equipped with a high-end washer and dryer, along with built-in storage. The oversized two-car garage provides direct access to a welcoming foyer, complete with storage for shoes, bags, and jackets, as well as a built-in bench for added convenience. Residents of gated Payne Park Village enjoy exclusive access to a heated community pool and jacuzzi, as well as a covered lanai, creating the perfect setting for relaxation and social gatherings. With low HOA fees and no CDD, this townhome presents a rare opportunity in Downtown Sarasota. The location is unparalleled, situated directly across from Payne Park, a pet-friendly green space featuring a pond with a fountain, a disc golf course, tree-lined paths, a skate park, a café, tennis courts, and the beloved Circus Park playground. Additionally, outdoor enthusiasts will love The Legacy Trail, which stretches from Downtown Sarasota to Venice, offering endless opportunities for biking, jogging, and walking. Downtown Sarasota’s vibrant lifestyle includes top-tier restaurants, boutique shopping, cultural venues, and waterfront attractions all within walking distance. Marina Jack and Bayfront Park provide scenic outdoor escapes, while the newly developed Quay Sarasota Bayfront Park enhances the area's appeal. Plus, with Sarasota Memorial Hospital, Lido Key Beach, and St. Armands Circle just minutes away, this residence offers the perfect balance of convenience and luxury. Don’t miss this rare opportunity—schedule your private tour today!
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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 | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.148% | 6.748% | 6.786% |
Monthly Tax Payment | $243 | $243 | $243 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,725 | $4,605 | $6,315 |
Total Monthly Payment | $5,060 | $4,940 | $6,650 |
* 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.