Ladies and gentlemen, prepare to be utterly enchanted by this splendidly refurbished, fully furnished residence, nestled within the esteemed Fairway Bay community at Bay Isles on Longboat Key. This two-bedroom, two-and-a-half bath gem is the epitome of turnkey elegance, and eagerly awaits your arrival. Dare I say, it is the most exquisite two-bedroom townhome in the entire 14-building enclave. This splendid unit also boasts it's very own private deeded dock located just a few steps away, offering direct access to the serene waters of Sarasota Bay. Ah, the life of leisure awaits! Imagine yourself indulging in the myriad amenities of this resort haven: state-of-the-art workout facilities to keep you in tip-top shape, pickleball and tennis courts for your daily dose of friendly competition, and swimming pools that simply beg for a leisurely dip. Ownership includes resident's only access to the private Bay Isles Beach Club. For the golf aficionados among you, the Longboat Key Club stands as the crème de la crème of private golf communities on Longboat Key, complete with its own marina for those who prefer their leisure with a nautical twist. Recreation and activity is the order of the day in this exclusive southern Longboat Key enclave, a location so choice, where you're but a few minutes jaunt from the vibrant heart of Downtown Sarasota and the charming St. Armond's Circle. Please come and see this delightful community.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,375,000
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 | $1,100,000 | $1,100,000 | $1,100,000 |
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 | $997 | $997 | $997 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,318 | $7,043 | $9,658 |
Total Monthly Payment | $8,440 | $8,165 | $10,780 |
* 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.