Seize the rare opportunity to build your dream home on one of Sarasota’s most coveted locations. This exceptional deep-water lot on Bird Key offers 120 feet of prime waterfront, complete with a concrete seawall and the ability to accommodate a large vessel with 6’-7’ of water depth at low tide. This is truly a boater’s paradise. Imagine waking up to breathtaking panoramic bay views each day, surrounded by the beauty of nature and abundant wildlife. Dolphins, manatees, sea turtles, and a variety of fish species are frequent visitors at your seawall, enhancing the tranquil charm of this remarkable location. Situated on a peaceful cul-de-sac, the lot is just moments from the prestigious Bird Key Yacht Club and Marina, which provides deep-water docks, fuel services, tennis facilities, and a restaurant. This exclusive community offers the perfect balance of privacy and convenience, with quick access to downtown Sarasota, St. Armands Circle, and the world-famous white sand beaches of Lido Key. Enjoy easy access to upscale dining, shopping, and cultural attractions that Sarasota is known for. This prime location provides the ideal setting whether you dream of creating a grand estate or a cozy waterfront retreat. The lot is ready for construction as the previous home has been razed and soil tests have been completed, streamlining your building process. If desired, the current owner is also open to offering a custom new home package. Don’t miss out on this incredible opportunity to own a piece of paradise in one of Sarasota’s most prestigious neighborhoods.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,199,000
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 | $4,159,200 | $4,159,200 | $4,159,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.444% | 6.748% | 7.366% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $27,323 | $26,632 | $36,805 |
Total Monthly Payment | $27,448 | $26,757 | $36,930 |
* 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.