Absolutely exquisite condominium at The Collection Residences in Downtown Sarasota is now available! Perfectly appointed and finished with the most updated styles, this picture-perfect blend of modern luxury and convenience is in a prime location of Sarasota. Situated in the heart of The Art District in Downtown Sarasota, this beautifully finished home provides easy access to various cultural, dining and entertainment options, including restaurants, libraries, theaters, the marina and world-famous white sand beaches. Boasting 2550 square feet of living space, the residence has over 12-foot airy ceilings and floor-to-ceiling windows featuring remote controlled shades. The condo offers breathtaking city and sunset views with two private balconies and terrace for relaxation and enjoyment. Private elevator entrance is included for convenience, exclusivity and security. Modern and contemporary kitchen design is integrated into the open great room, perfect for entertainment and comfort. An entertainer's dream, the kitchen and great room boast light and bright cabinetry, quartz countertops, and built-in stainless-steel Miele appliances. Within the kitchen are a Miele GAS range, a coffee maker connected to the water line and a gorgeous island providing plenty of room for dining and cooking. The dining room has a fantastic bar with wine fridge to make your favorite night cap. The primary suite boasts a massive walk in closet and spacious primary bath. Both secondary bedrooms offer en suite bathrooms for the most comfort and convenience. Each bath has floating, lighted vanities and floor to ceiling marble tiling. The entire home has beautiful, enlarged tile throughout! Enjoy the magic of the city on your terrace while listening to music from the built in Sonos system which operates in every room throughout the house! Or take an evening stroll to one of the endless number of restaurants, the Selby Library, Whole Foods, the Ringling Bridge, the Sarasota Opera, the Marina, the Florida Studio Theatre, and more. The location of this home is truly incomparable. The Collection Condominium offers a wide array of luxurious amenities, including lap pool and hot tub for relaxation, a spacious deck with day beds, cabanas, and lounge chairs for outdoor enjoyment. A fire pit with designer furnishings, barbeque grill and custom amenities all create a functional and cozy atmosphere for outdoor entertaining. It also has a professionally designed fitness and yoga facility, sauna, boardroom, and restrooms. The Social Lounge area is directly connected to the outdoor amenity deck for social gatherings. The building offers secure, underground parking with two designated spaces, and a temperature-controlled storage unit for residents' convenience. The Collection Residences offer a rare combination of boutique luxury (only 12 residences), a serene environment in a quiet neighborhood, and access to an abundance of nearby amenities. It's an ideal opportunity for those seeking an urban yet luxurious lifestyle in Sarasota.
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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 | $1,836,000 | $1,836,000 | $1,836,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.750% | 6.664% |
Monthly Tax Payment | $1,985 | $1,985 | $1,985 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,756 | $11,756 | $15,994 |
Total Monthly Payment | $13,866 | $13,866 | $18,104 |
* 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.