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Spectacular Bayfront Estate on Siesta Key. Experience the pinnacle of waterfront luxury with this custom-designed bayfront residence, positioned on over 1/2 acre, with 126 feet of direct Sarasota Bay frontage. In a private enclave, the home is tucked away from the main road, reached by a long driveway that sets the stage for your arrival. Offering nearly 5, 800 square feet of meticulously crafted living space, this concrete construction home embodies strength, elegance, and timeless coastal sophistication. Perched on Sarasota Bay and the Intracoastal Waterway, the open balconies capture breathtaking, unobstructed water views, creating an ever-changing backdrop of shimmering waters and stunning sunsets. Thoughtfully designed for comfort and grandeur, the residence features three spacious en-suite bedrooms, three full baths, an office/fourth bedroom, and two half baths. Rich American walnut flooring and crown molding add a touch of classic refinement throughout the residence. The stunning great room seamlessly blends comfort and sophistication, anchored by a striking fireplace and seating that invites relaxation. At its heart, the fabulous island kitchen offers natural gas cooking, a full walk-in pantry, and mesmerizing bay views that transform every culinary creation into an unforgettable experience. This level also features a living room, two guest suites, and a craft/laundry room. The dining and family rooms lead to a fabulous lanai featuring a fireplace, outdoor grill, and handsome wood ceilings. The primary suite is a true retreat, offering the exclusivity of a private floor, including a luxurious bayfront living room and expansive balcony, a spacious bedroom and spa-inspired bath, a yoga/exercise room, an office and a convenient laundry room — all designed for relaxation and productivity with sweeping bay views as the backdrop. Go outside and descend a winding staircase to your private waterfront oasis. Relax by the pool, surrounded by tropical landscaping and set against the spectacular backdrop of Sarasota Bay. For boating enthusiasts, the private dock offers a 13, 000-pound lift with approximately six feet of water depth, providing effortless access to the Intracoastal Waterway and beyond. Launch your kayak or paddleboard directly from the sandy beach and immerse yourself in the serene beauty of the bay, where dolphin sightings are a frequent delight. Built for effortless living and entertaining, a three-story elevator provides seamless connectivity to all levels, including the lower-level garage and an additional storage area. Smart home technology ensures convenience and control at your fingertips, while thoughtful amenities, such as impact glass windows and doors, a tankless natural gas water heater, a dedicated electric water heater for the primary suite, and generator-ready plumbing, provide peace of mind. The oversized three-car garage is designed to accommodate up to four vehicles, catering to needs of the modern enthusiast. With its extraordinary design, private setting, premier location, and luxury amenities, this bayfront residence invites you to experience the ultimate waterfront lifestyle on world-renowned Siesta Key. Minutes from world-renowned Siesta Beach, the charming boutiques, restaurants, and lively entertainment of Siesta Village, and the vibrant cultural and artistic hub of downtown Sarasota. Sarasota Memorial Hospital, nationally ranked Pine View School, and shopping destinations are nearby.
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Our Executive Mortgage Banker:
Our Insurance Division:
$6,995,000
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 | $5,596,000 | $5,596,000 | $5,596,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.911% | 6.754% | 6.792% |
Monthly Tax Payment | $1,622 | $1,622 | $1,622 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $34,456 | $35,832 | $49,133 |
Total Monthly Payment | $36,203 | $37,579 | $50,880 |
* 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.