Under contract-accepting backup offers. Discover an extraordinary opportunity to reimagine waterfront living on Bird Key, one of Sarasota’s most coveted neighborhoods. This prime canal-front property boasts 100 feet of waterfront, making it ideal for boating enthusiasts. It can accommodate a 70-foot vessel, and the existing boat lift is designed to handle boats up to 26 feet. With direct access to the bay, it offers the perfect setting for embracing the area’s renowned nautical lifestyle. Located just moments from St. Armands Circle’s vibrant shopping and dining, the pristine sands of Lido Beach, and the cultural attractions of downtown Sarasota, this home blends convenience with prestige. The existing 3-bedroom, 2-bathroom residence spans approximately 2, 762 sq. ft. and has been well maintained by its longtime owners. Featuring an open, sparkling pool with a paver deck, the home is well-suited for outdoor entertaining amid the tranquil waterfront ambiance. While the property will require updates to reach its full potential, it offers a blank canvas to design the personalized retreat of your dreams. Residents have the option to join the exclusive Bird Key Yacht Club, offering premier boating facilities, waterfront dining, fitness amenities, and a vibrant social calendar, further enriching the unparalleled lifestyle of this prestigious community.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,400,000
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 | $2,720,000 | $2,720,000 | $2,720,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.296% | 6.622% | 6.680% |
Monthly Tax Payment | $814 | $814 | $814 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,642 | $17,192 | $23,694 |
Total Monthly Payment | $18,581 | $18,131 | $24,633 |
* 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.