One or more photo(s) has been virtually staged. Pre-Construction. To be built. Open views of Sarasota Bay greet all who enter Residence #1603 in this 20-story Ritz-Carlton Residences tower in its prime waterfront location in the heart of Sarasota’s downtown cultural district. In this Residence C floor plan, the entry foyer, set on a diagonal, leads to the expansive great room featuring a full width of dramatic, large-scale windows and sliding glass doors that open to a deep private terrace. An open-plan kitchen with an adjacent walk-in butler’s pantry is particularly helpful when entertaining while a den provides a quiet space away from main living areas. Two guest suites with en-suite baths are set in their wing and open to a shared terrace with shimmering city views. The primary bedroom, which overlooks the bay, features two equally large walk-in closets and a spa-style bath with a double vanity, and a wet room with a double shower and deep soaking bathtub. In The Ritz-Carlton global tradition of peerless service, this private residence will enjoy a dedicated on-site team that takes pride in anticipating every need and fulfilling every wish. A 24-hour dedicated staff and concierge, food and beverage services available from private, on-site service kitchen, dedicated 24-hour valet, housekeeping services and an impressive array of private amenities overlooking the sparkling yacht harbor. In addition to the exceptional private amenities and services available exclusively to our tower residents, membership in The Harbor Club provides access to nearly 20, 000 square feet of amenities dedicated to socializing, health and wellness. There’s always more at The Ritz-Carlton Residences, Sarasota Bay.
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Our Executive Mortgage Banker:
Our Insurance Division:
$6,774,000
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 | $5,419,200 | $5,419,200 | $5,419,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.545% | 6.748% | 6.932% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $35,149 | $34,700 | $47,955 |
Total Monthly Payment | $35,274 | $34,825 | $48,080 |
* 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.