Somerset Cove is located on the coveted north end of the world-famous Siesta Key, in Sarasota, FL just a short distance to Shell Beach. This premier gated community, with only eleven (11) homes on property, is island living at its finest! As you pass through the electronic security gate, you'll immediately feel the tranquility of the beautifully landscaped grounds, complete with ponds, fountains, mature palms, and a private pool. Somerset Cove is situated on deep water Coconut Bayou, there are no bridges that lead directly to Sarasota Bay, the Intracoastal Waterway, and the Gulf of Mexico. The property's living space, which is 12 feet above elevation, incurred no damage from recent hurricanes. Just beyond the community’s pool, your deeded dock with electric, water, and a 13, 500lb lift awaits your boat!
This 2, 758 sq. ft. , three (3)-bedroom, three and a half (3. 5) bath townhome includes a large three-car garage and an 800 sq. ft. bonus room with an expansive patio. From the garage, the private elevator leads to the upper two floors of a stunningly upgraded and furnished living space. The vaulted two-story living room, with large windows and abundant sunlight, features a gas fireplace and picture frame TV, creating a welcoming environment for family and friends. The gourmet kitchen boasts a large quartz island with a Jenn-Air gas cooktop, new wine fridge, and ample counter and cabinet space. The adjoining eating area, sunlit dining room, and bar are perfect for entertaining. Just off the living room, a two-story lanai overlooks a private pond, offering a serene space to enjoy a cocktail or morning coffee. The main floor also hosts an en-suite bedroom that provides a view of the front pond and fountain, offering visitors their own private space.
The third floor features the primary suite, overlooking the back pond and fountain, includes a large walk-in closet, dual sinks, a stand-alone soaking tub, private water closet, an extra-large shower and additional linen closet. The third floor also features another guest bedroom with an ensuite bath. Additionally, the main area on the third floor boasts a loft space with a pull-out couch, and workstation ideal for extended family and visitors.
This community has made substantial investments, including new roofs, fresh exterior paint, and a well-maintained dock equipped with new electrical systems, a new pool pump, and a pool heater. The HOA fee covers wind and flood insurance along with grass cutting, landscaping, pool maintenance, dock electric and weekly refuse and recycling pickup. You will quickly realize how rare it is to find a turnkey furnished home of this quality among the private communities of Siesta Key. Set up an appointment today and don't let this incredible opportunity slip away!
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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 | $1,860,000 | $1,860,000 | $1,860,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.261% | 6.748% | 6.847% |
Monthly Tax Payment | $1,118 | $1,118 | $1,118 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,375 | $11,910 | $16,331 |
Total Monthly Payment | $13,618 | $13,153 | $17,574 |
* 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.