An entertainment mecca on Lido Key, this extraordinary modern retreat embodies the essence of luxurious island living. Built with exceptional craftsmanship, this home stood strong and untouched through recent storms, with no structural or water damageāa true testament to its resilience and quality. Fully furnished with meticulously selected designer furniture, this home boasts luxurious features, state-of-the-art amenities, and an unbeatable location. This is the perfect sanctuary to create lasting memories with your loved ones, generate incredible rental income, or both! Upon arrival, you'll be greeted by tropical landscaping and a meticulously designed exterior. The ground floor features a spacious 2-car garage and a captivating pool area, perfect for relaxation and entertainment. The home is equipped with a commercial-grade elevator, ensuring convenience and easy access to all levels including the rooftop deck. The main living level offers a bright and airy atmosphere, adorned with an abundance of natural light that filters through the open layout. The living room exudes modern elegance, and it is perfect for entertaining or cozy movie nights. The kitchen is a culinary enthusiast's dream, equipped with custom cabinets, Dacor and Bosch appliances, and stunning quartz counters with an expansive waterfall kitchen island with dual dishwashers. The bedrooms epitomize comfort and tranquility, offering a serene retreat after a day of island exploration. Each bedroom features its own en-suite bathroom, ensuring privacy and convenience. The owners suite sits secluded on its own level with a bathroom that makes you feel as if you are in a spa-inspired haven, featuring a large vanity, dual sinks, and a glass-enclosed walk-in shower. The other 5 bedrooms are thoughtfully spread across the additional levels and include a built-in bunk room. The double rooftop on the top deck offers a spectacular setting for entertaining guests while reveling in panoramic views of all aspects of the island including the Gulf of Mexico. Numerous seating areas provide ample space to admire mesmerizing sunsets, while an additional rooftop area offers a serene lounging space. After a day at the beach, cool off and bask in the Florida sunshine by taking a refreshing dip in the resort-style heated pool complete with a water slide. The fenced-in yard, adorned with lush palm trees, ensures privacy and tranquility. You will delight in an unforgettable island experience, with a plethora of exciting activities for everyone to enjoy. Conveniently situated just a short 2-minute stroll from Lido Beach and a mere 5-minute walk to the renowned St. Armands Circle, this home offers unparalleled access to the best of the island lifestyle. Currently enrolled in a luxury vacation rental program, this property can be enjoyed privately or the new owner can continue to take advantage of tremendous rental income when not in personal use.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,750,000
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 | $3,800,000 | $3,800,000 | $3,800,000 |
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 | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $4,234 | $4,234 | $4,234 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $24,647 | $24,332 | $33,364 |
Total Monthly Payment | $29,006 | $28,691 | $37,723 |
* 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.