Luxury bayfront living meets the quintessential Anna Maria Island lifestyle. This fabulous, custom-built coastal residence is a testament to exquisite design and unparalleled comfort, offering a sanctuary of relaxation and sophistication. Crafted with inspiration from gracious British West Indies estates, this island jewel boasts panoramic open water vistas of Tampa Bay that greet you from the moment you step through the front door. Every corner of this home is thoughtfully designed to maximize stunning water views, with nearly every room offering a glimpse of the majestic bay. Step into the spacious and inviting open floor plan, adorned with fine finishes, richly textured wide plank wood floors and extensive moldings throughout the home. The great room features a gas fireplace with built-in cabinetry, setting the stage for cozy gatherings and tranquil evenings by the bay. Entertain with ease in the bayfront dining room, seamlessly connected to the expansive island kitchen adorned with Wolf and Sub-Zero appliances, abundant Shaker cabinets and stone counters. Indulge in the luxury of the first-floor primary suite, where spectacular wide-bay views await to mesmerize you each morning. A bayfront sunroom leads to a guest bedroom and bath, effortlessly creating an additional first-floor guest suite with a private entrance. A second guest suite, bonus room, laundry and half bath complete the main level. An upstairs office, three bedrooms, baths, and bonus rooms lead to an expansive covered bayfront veranda, offering the ideal vantage point for taking in breathtaking views. Outside, experience resort-like living in your waterfront yard, complete with a sparkling pool, rejuvenating spa, and expansive covered outdoor spaces ideal for enjoying shade and balmy bay breezes. Delight in the spectacle of vibrant sunrises each morning while dolphins frolic in the bay. The bayside outdoor bar and fire pit beckon for evenings of colorful, reflective sunsets, inviting relaxation and entertainment. For the avid boater, this property is a dream come true, with no bridges to the bay or Gulf of Mexico. Boasting a new dock, 13, 000-pound boat lift and jet ski lift, you'll have effortless access to the azure waters surrounding Anna Maria Island. Andersen 400 series impact-glass windows and doors and an air-conditioned garage. There was no storm damage to the home. In the desired island oasis of Key Royale, this residence is part of a premier golf and boating community with beautiful beaches just five minutes away. Embrace the laid-back island lifestyle, where every day offers opportunities for boating, fishing, kayaking, biking, golfing, dining, shopping, and experiencing the vibrant culture of Anna Maria Island through its festivals and art shows. Escape to 641 Key Royale Drive, where luxury, comfort and the Anna Maria Island lifestyle converge in harmony.
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Our Executive Mortgage Banker:
Our Insurance Division:
$8,750,000
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 | $7,000,000 | $7,000,000 | $7,000,000 |
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 | 7.235% | 6.723% | 6.826% |
Monthly Tax Payment | $3,060 | $3,060 | $3,060 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $45,402 | $44,822 | $61,460 |
Total Monthly Payment | $48,587 | $48,007 | $64,645 |
* 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.