Under contract-accepting backup offers. Villa Coquina is a luxurious, modern residence in the exclusive Oyster Bay neighborhood. Built in 2006 by architect Jack Jetton, one of the original members of the Sarasota School of Architecture, it blends the iconic Sarasota School style with modern construction, featuring steel reinforced concrete walls, hurricane impact windows, and a raised/ventilated foundation. The fenced and gated property spans almost half an acre and includes tropical landscaping, ancient live oaks, and a heated salt-water pool creating your own private tropical modern resort.
This home offers nearly 3, 400 sq ft of space, including 2, 400 sq feet of interior space, with 3 bedrooms, 3 bathrooms, and an open floor plan designed to bring the outdoors in, with 12’ ceilings and walls of glass. The home was fully renovated in 2023 by architect Daniel Lear, with updates to electrical, plumbing, HVAC, cabinetry, counters, roof, and the addition of a third bedroom and bathroom. Interiors by designer Blair Moritz feature high-end finishes like Water Works plumbing, Bertazzoni appliances, Italian travertine counters, Reform European Cabinetry, and vintage lighting. Every single detail was completed with the highest quality craftsmanship, perhaps especially the original seashell concrete floors which were lovingly restored to enhance the properties midcentury modern roots.
The property also allows for future expansion, including the potential for a third-story ocean-view deck already engineered into the 2nd story. Villa Coquina offers a rare combination of modern luxury, climate proof construction, architectural history, and a prime Sarasota location near shopping, schools, beaches, and nightlife.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,295,000
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 | $1,836,000 | $1,836,000 | $1,836,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.375% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.498% | 6.579% |
Monthly Tax Payment | $1,656 | $1,656 | $1,656 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,756 | $11,454 | $15,868 |
Total Monthly Payment | $13,537 | $13,235 | $17,649 |
* 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.