SELLER IS OFFERING TO PAY 12 MONTHS CONDO MAINTENANCE FEES AT CLOSING! Nestled on the breathtaking barrier island of Lido Key, this property offers the perfect blend of natural beauty and urban sophistication. Orchid Beach Club offers luxurious modern amenities with the ambiance of Old Florida. This elegant 10th-floor residence with over 3240 sqft living space is designed to impress! As you exit the elevator into your private lobby you are welcomed by high ceilings and beautiful hardwood flooring which runs the length of the unit. As you enter the home your eyes are drawn to the spectacular views which can be seen from every room! The open floor plan offers a defined formal dining area and a spacious living room which continues through sliding doors onto the covered balcony. This magnificent balcony extends across the whole unit where you can enjoy the stunning panoramic views providing the perfect backdrop for both relaxation and entertaining. Continuing through the home you will find the elegantly designed kitchen that combines functionality and style. Granite countertops and a matching backsplash create a polished and timeless look, while ample cabinetry and expansive work surfaces ensure plenty of room for storage and meal preparation. The kitchen extends to the family room and a breakfast nook again with stunning views. The master bedroom suite is a true sanctuary of comfort and elegance, with a private entrance to the patio, allowing you to start or end your day with awe-inspiring views. A custom-designed wet bar adds a touch of convenience as well as custom-fitted walk-in closets providing an abundance of storage. The ensuite master bathroom is a spa-like retreat, featuring a spacious walk-in shower, a luxurious spa bath, and dual vanities, all perfectly positioned to maximize the stunning views. With an additional two guest suites, both with access to their private balcony, it is perfect for visiting friends and family. With an inside laundry room, a half bath, external storage room and two under building parking spaces, making this a perfect full-time residence or vacation home. The Orchid Beach Club is a ‘lifestyle’, where your every need is met from the amenities available to concierge service and staff attendance. You are surrounded by serene nature, from the stunning beaches and the nearby nature reserve, stay active and rejuvenated in the state-of-the-art fitness center, complete with a sauna and private massage room. For moments of quiet reflection, the library and sitting room provide peaceful retreats, while the game room and social lounge are perfect for gatherings and events. The beautiful beachside pool is an oasis of relaxation, surrounded by inviting seating and gazebos where you can soak in the coastal breeze and spectacular views. With easy access to the vibrant St. Armands Circle, where a world of boutique shopping, culinary delights, and exceptional dining experiences awaits, or the Arts and Culture of Downtown Sarasota for Ballet, Opera and Broadway shows. This rare combination of coastal tranquility and cosmopolitan charm makes this an unrivaled place to call home
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William Raveis Mortgage, LLC
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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 | $2,560,000 | $2,560,000 | $2,560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.751% | 6.666% |
Monthly Tax Payment | $3,218 | $3,218 | $3,218 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,555 | $16,392 | $22,300 |
Total Monthly Payment | $18,898 | $19,735 | $25,643 |
* 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.