Behold a sanctuary of contemporary elegance, where luxury and innovation converge to create a residence that stands as a testament to architectural grandeur on beautiful Longboat Key. This 6, 000+/- sq. ft. Bayfront marvel, brilliantly crafted by Bruce Saba, offers an unparalleled contemporary living experience. As you step inside, the exceptional style reveals itself, boasting absolutely the very best views of any single-family home on the island. The home’s 360-degree connection to the outdoors is achieved through walls of glass, allowing natural light to flood in and highlight the gorgeous limestone and marble floors and high ceilings. The expansive, oversized 49-foot living room is perfect for both grand entertaining and intimate family moments. The modern kitchen features silver cloud granite countertops and double height silver lacquered cabinets with stainless-steel appliances and elevated dishwasher, while the 4 en-suite bedrooms and 5th den/bedroom with an adjacent bathroom offer unparalleled privacy. The oversized primary suite has sweeping Bay views with a private terrace and a full surround glass sitting room offering four closets for ample storage. Perched at a 40-foot elevation, the observatory provides a breathtaking vantage point, complemented by a treetop-level pool, spa and oversized deck for entertaining. The glass enclosed elevator ensures seamless access to all levels, including a 2, 000 sq. ft. flat roof top deck that completes this luxurious retreat offering 360-degree views of the adjacent 30-acre Nature Preserve, breathtaking views of the Sarasota Bay, the John Ringling Bridge, the vibrant downtown Sarasota skyline, and unforgettable Sunsets. Part or all of the ground floor family/game room could easily convert to a colossal 8+ car garage or more for the avid car collector. With 1. 06 acres, and room for an additional home, this estate is an oasis where every moment is enhanced by the stunning panoramic views and the serene tropical setting and for the avid Birdwatcher, enjoy all day unique wildlife viewing opportunities. For the water enthusiasts, you have your very own private dock and deeded beach access that leads you to the inviting waters of the Gulf of Mexico. Within a short distance of 1-2 blocks, you’ll find a variety of restaurants offering diverse culinary experiences and the central location provides easy access to world-famous shopping at St. Armands Circle and the vibrant arts and culture scene of downtown Sarasota. Don’t miss this one-of-a-kind estate property located on Longboat Key, famed for its 12 miles of pristine white-sand beaches, opulent resorts, tennis, waterfront golf courses, award-winning restaurants, grand estates and luxurious multi-million dollar condominiums situated in one of Florida’s most desirable and prestigious zip codes. This is a dream opportunity for those seeking great views, privacy, tranquility, and a unique slice of paradise on Longboat Key. The adjacent 2. 08-acres can be purchased for $6. 9M, which has a proposed site plan allowing for seven new homes and offers endless possibilities with deeded beach access. (See 5440 Gulf of Mexico Drive) The total 3. 16-acre estate including the home and the vacant land, which includes the entire subdivision allowing for 8 new homes can be purchased for $13. 8M. One or more photos have been virtually staged.
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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 | $4,640,000 | $4,640,000 | $4,640,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.274% | 6.723% | 6.932% |
Monthly Tax Payment | $3,722 | $3,722 | $3,722 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $30,870 | $29,710 | $41,060 |
Total Monthly Payment | $34,717 | $33,557 | $44,907 |
* 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.