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Once in a lifetime opportunity to Restore a One-of-A-Kind Ben Baldwin Mid-Century Modern home. Architect and Designer Ben Baldwin was recognized internationally as the leading force in the Modern Movement of American Design and Architecture. Over the years he collaborated with I. M. Pei designing among others, the New York studio of Adolph Gottlieb. 3721 Flamingo Ave was Mr. Baldwin's winter home. Mr. Baldwin sought to integrate form, scale, space and light into natural settings of tranquil gardens and waterways. The home has 14 glass sliders, each with views of bamboo, exotic palms, buttonwood and oak trees, as well as stunning waterfront views of the Lagoon.
This 11, 458 sq. ft. corner lot offers enhanced privacy and is surrounded by lush tropical landscaping with serene views of the Lagoon/Canal which provides easy access to Bay/Harbor. The existing 3, 021 sq. ft home was flooded and remediated after Hurricane Helene, yet needs total restoration of the interior. The existent concrete block home is stable and unaffected and awaits an interior remodel. This Ben Baldwin home is being sold “As-Is". The private lot spans 11, 458 sq. ft, providing ample space to restore or recreate your own ideal luxurious estate. Bay Island is a true gem- this highly sought-after community is located at the North end of Siesta Key, offering unparalleled privacy and luxury. Whether you envision a modern coastal retreat or a luxurious family estate, this is a rare chance to secure a piece of wonderment in one of Florida's most desirable communities. Seize this remarkable opportunity and transform this piece of land into your own personal haven, or once in a lifetime opportunity to Restore a One-of-a- Kind, Ben Baldwin Mid-Century Modern home. This Three bedroom, Three bath home with Loft (potential 4th bedroom with stellar water views) offers an incredible opportunity to rebuild your dream home in the exclusive community of Bay Island, nestled on the barrier island of Siesta Key. Bay Island is a true gem- this highly sought-after community of single-family neighborhoods on Siesta Key, offers unparalleled privacy and luxury. The existent garage was homeowner's professional photographer's DarkRoom. Since it has water, electric and ac, when restored could be converted into a guest or mother-in-law suite, albeit tiny.
This home has great bones, with a solid concrete block that provides excellent structural integrity.
Whether you envision a modern coastal retreat or a luxurious family estate, this is a rare chance to secure a piece of wonderment in one of Florida's most desirable communities. Remodel, Rebuild or development opportunity in desirable north Siesta Key. This home was recently featured in Key Life Magazine https: //www. yourobserver. com/news/2024/feb/01/owners-siesta-home-preserve-modern-lineage/
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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 |
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Loan Amount | $1,840,000 | $1,840,000 | $1,840,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.811% | 6.727% | 6.560% |
Monthly Tax Payment | $475 | $475 | $475 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,032 | $11,782 | $15,902 |
Total Monthly Payment | $11,632 | $12,382 | $16,502 |
* 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.