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Located in one of Sarasota’s most prominent neighborhoods, this property enjoys a postcard-like setting featuring wide-open bay views on over an acre of land. Positioned in close proximity to The Field Club, the property enjoys approximately 200 feet of natural shoreline, a 150+ ft. long boat dock which is being restored, and a beautiful backyard with mature landscaping. There are Bay views from all major rooms through walls of glass. The home is in like-new condition with all major components and systems being replaced in 2017. The open floor plan has a great flow and provides privacy for owners and guests alike in three en-suite bedrooms. Island style describes the décor with fine textured wall coverings and high end finishes. Trey ceilings, crown moldings, artistic lighting, and custom built-ins are featured. The kitchen is a cook’s delight and is flanked by a lovely breakfast room on one side and the dining area on the other. The expansive Great room is perfect for entertaining guests or having the family together for Saturday night at the movies. The laundry room is positioned just off the kitchen leading to the garage. A terrific air conditioned attic area is perfect for storing luggage, holiday decorations and the like. The two car garage is attached with an additional air conditioned workshop which could double as a 3rd car garage. The property is located along this specific area of shoreline with significantly more expensive homes and has been priced to sell. A serious opportunity in a truly iconic setting.
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$7,350,000
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 | $5,880,000 | $5,880,000 | $5,880,000 |
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 | $4,741 | $4,741 | $4,741 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $35,254 | $37,650 | $50,818 |
Total Monthly Payment | $40,120 | $42,516 | $55,684 |
* 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.