Rarely available! This coastal contemporary masterpiece sits on 18, 000 square feet of prime bayfront on St. Armands Key. Unobstructed views of Sarasota Bay create a stunning backdrop from every angle, enhancing the beauty of this custom-built home, completed in 2021. Offering 5, 064 square feet of elegant living space, the residence features four bedrooms, four and a half baths, and two bonus rooms easily adaptable as extra bedrooms. Expansive decks and lush outdoor areas capture the essence of Florida living. Inside, an airy, open floor plan connects a light-filled living room, cozy sitting area with an electric fireplace, and a chef’s kitchen equipped with high-end appliances. The serene master retreat, with an expansive terrace, offers dramatic views of the pool and bay, where each sunrise unfolds like a masterpiece, inviting tranquility and inspiration. Two additional guest suites, each with private terraces, and a third suite with a built-in Murphy bed, provide ample comfort and privacy.
Outside, a two-tiered stone deck, saltwater pool, firepit, and verdant landscaping are perfect for entertaining or tranquil al fresco dining. Boaters will appreciate the dock accommodating a 14, 000-pound vessel, with a lower launch for kayaks and canoes. Practical conveniences include a whole-house water filtration system, three HVAC zones, a generator, elevator, security systems, and two one and a half garages with electric car chargers and epoxy-coated floors.
When you're ready to venture beyond your private paradise, the chic boutiques and acclaimed restaurants of St. Armands Circle are just two blocks away. The sugary white sands of Lido Beach are just beyond, and the vibrant energy of downtown Sarasota is only a quick drive over the John Ringling Causeway. Enjoy the best life has to offer in this spectacular waterfront retreat in the heart of a community of culture and natural beauty.
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Our Executive Mortgage Banker:
Our Insurance Division:
$10,000,000
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 | $8,000,000 | $8,000,000 | $8,000,000 |
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 | 7.235% | 6.723% | 6.826% |
Monthly Tax Payment | $7,306 | $7,306 | $7,306 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $51,888 | $51,225 | $70,240 |
Total Monthly Payment | $59,319 | $58,656 | $77,671 |
* 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.