Experience a luxurious downtown Sarasota lifestyle in the highly coveted Bay Plaza condominium—with its timeless architectural appeal designed by renowned architect Tim Siebert. This handsomely renovated 2nd floor residence offers delicate views of Sarasota Bay through the airy structure of Shady Lady black olive trees lining the street below. This location—this building—has everything one needs to immediately enjoy the convenience of downtown living where you are steps to the numerous restaurants, cafes with outdoor dining availability. The unit 204’s interior vibe is coastal contemporary, with shiplap walls and lighted insets, light wood-grained vinyl flooring throughout, LED lighting, ceiling fans and generous storage. The recent installation of new hurricane resistant impact sliding doors, as well as windows, will provide peace of mind during inclement weather. You will appreciate the brightly updated kitchen with quartzite counters and designer backsplash, shaker cabinetry, and space to eat in casually, or possible other use as a den. The more formal dining area has a beautiful painted glass chandelier and easily accommodates up to 10 guests. The large living room has built in recessed cabinetry and gorgeous natural light from the two balconies. The primary ensuite bath includes a large double floating vanity and backlit mirror, newly installed matching cabinetry across one wall for added storage, and separate shower/water closet with Toto toilet. In the suite, there are two walk in closets plus a linen closet. A private terrace is accessed from the primary suite, and new electronic roll-down shades provide complete privacy. The large guest suite on the opposite side of the apartment has access to the main terrace; there is a walk-in closet in the adjacent hallway, and a large guest bath with shower and laundry closet. Residents enjoy 5-star services, amenities, and security, including a full-service concierge, 24-hour valet parking, on-site management and maintenance, bike storage, large lobby with grand piano, well-equipped fitness center, locker rooms , each with sauna and steam, lap pool and hot tub, EV charging stations, media room, separate gathering room, catering kitchen, library. For the health enthusiasts, you are a short walk to the Ringling Bridge, or enjoy Yoga at The Bay Park or nearby Marie Selby Botanical Garden. With a well managed association and this impeccable building, you can immediately enjoy the lifestyle afforded by true downtown living at Sarasota’s Bay Plaza.
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$1,295,000
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 | $1,036,000 | $1,036,000 | $1,036,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.286% | 6.874% | 6.972% |
Monthly Tax Payment | $1,007 | $1,007 | $1,007 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,893 | $6,719 | $9,168 |
Total Monthly Payment | $8,025 | $7,851 | $10,300 |
* 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.