![]() |
Sensational Sarasota Bay and Sparkling Sunset Views enhance this rarely available Penthouse peacefully tucked away in the heart of downtown Sarasota. Welcome to Palm Place, a gated boutique size urban oasis, offering a lifestyle of convenience and indulgence. From the moment you enter this beautifully maintained 2 bedroom, 2 bath residence your eyes are immediately drawn to the dazzling water, bridge and city views. A wide foyer opens to a brightly lit wraparound kitchen with a breakfast nook featuring eastern city views and a separate dining area adjacent to the great room. The kitchen offers granite countertops, updated appliances, sleek modern cabinetry, and full size washer & dryer, with ample storage and counters that maximize utility and entertaining space. The central living space spans the center of the home, with a wall of glass sliders opening to the oversized terrace, where you are sure to enjoy the fresh balmy breezes, picturesque day-and nighttime views, along with all the daily boating activity near Marina Jacks and beyond to the barrier islands. Two large bedrooms adjoin the great room, with separation from one another to ensure ideal privacy. The owners’ suite is a spacious retreat with private access to the terrace, dual closets, a bay window with a cozy bench, relaxing water views, and an en-suite bathroom featuring Jerusalem marble & convenient built-ins. The eastern-facing guest room is enhanced by sunrise city views, ample closet space, and immediate access to the guest bathroom with marble shower. Two underbuilding tandem parking spaces and a large storage unit are assigned to this perfect city retreat and there is plenty of guest parking. Come and discover the allure of Palm Place, a newly updated, gated and secured building with a sparkling private pool, perfectly located on idyllic tree-lined Palm Avenue, where easy access to cultural gems meets the allure of St. Armand's, Lido & Longboat Key, and a variety of nearby beaches. This beautiful penthouse isn't just a home; it's an invitation to savor a lifestyle that seamlessly blends sophistication with coastal charm. Don't miss the opportunity to own show-stopping views at this enviable address of this rare opportunity to own downtown Sarasota!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,100,000
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 | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.949% | 6.865% | 6.726% |
Monthly Tax Payment | $897 | $897 | $897 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,490 | $5,708 | $7,666 |
Total Monthly Payment | $6,512 | $6,730 | $8,688 |
* 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.