Impressive coastal luxury home featuring exquisite finishes throughout and only a block from the beach on the famous Lido Key, Sarasota. Boasting 10 bedrooms, and 12 bathrooms along with a 3 car garage, heated pool & spa this home is sure to please either a homeowner or a savvy investor looking to invest in an income producing vacation rental with a successful history. Turn key furnished and existing property management company in place already allows for a seamless transition. Awesome amenities include a waterslide, waterfall, an elevator and high end appliances. To complement the beautiful aquatic amenities, the sprawling patio features a high top bar with outdoor entertainment, a grilling area, a gaming area with a a ping pong table, and a dining area to perfect nightly entertainment on those Florida evenings. Sip your cocktails or coffee on one of the multiple private balconies or rooftop deck. This residence's prime location is just steps from the turquoise waters of Lido Beach, a 5 minute bike ride to the world famous St. Armands Circle, and a short drive to the historic downtown Sarasota. The main level features 5 guest suites, an oversized great room, and kitchen with a built-in oven, convection oven, refrigerator, and cooktop, leading to the dining room that connects to a covered balcony overlooking a tropical oasis backyard and pool/spa. Expansive 12'-14' ceilings and vast window treatments create a bright & spacious atmosphere. The third level features two master suites and three more guest suites, as well as a den featuring a stainless-steel wet bar. This home is the epitome of elegance, with intricate attention to detail on finishes and furnishings to ensure a luxurious experience.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,500,000
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 | $4,400,000 | $4,400,000 | $4,400,000 |
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 | 7.559% | 6.723% | 6.847% |
Monthly Tax Payment | $1,444 | $1,444 | $1,444 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $28,538 | $28,174 | $38,632 |
Total Monthly Payment | $30,107 | $29,743 | $40,201 |
* 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.