611 RIVIERA DUNES WAY, #702, Palmetto, FL, 34221 | $1,589,999

ZERO DAMAGE FROM THE STORMS AND NO FLOOD INSURANCE REQUIRED! The unit has been completely updated inside after a lengthy 2 year remodel. This immaculate two-story penthouse is over 5200 sq ft under roof, and includes a private elevator, 2 balconies, and a 2. 5-car garage. This unit was designed to maximize balcony space and completely immerse the owners with river views from almost every room. The upstairs balcony is HUGE. There is an entire area that is OPEN and not covered, so you can enjoy/lounge in the sun. It continues to a covered area, that is great for sunset dinners. There is even a 2nd covered balcony downstairs off the master bedroom and 4th bed/office. The view is always entertaining, with events like the boat races, 4th of July fireworks, and watching the beautiful boats come and go under the green bridge. At night, you can enjoy the city lights and views of the bridge. When you want privacy, just shut the hurricane proof glass sliders, lower the blings, and you will enjoy complete silence. This feels like a 2 story home that was planted on the top of a high rise. The privacy is great. The home has just completed a two year remodel. Practically everything is new! The kitchen cabinets, quartz counters, appliances, sinks, air conditioner, hot water heater, fans, fixtures, vanities, washer/dryer, built in closets, toilets, entertainment wall with fireplace, and even a custom built wine room! The open floor plan offers floor-to-ceiling hurricane impact glass sliders, private interior elevator, his and her bathrooms and closets in the master, a den/office off the master, and more. The Fourth of July will be your new favorite holiday with the view of the fireworks from the balcony. You will get to see the Christmas boat parade as well as the boat races. It's really amazing with all the things that you can see that happen on the river from the balcony. The community amenities include a waterside heated pool and spa, club room, gym, covered pavilion for grilling, tennis and pickleball courts. This popular waterfront community is pet friendly, maintenance-free and allows boat access to Tampa Bay, the Intracoastal Waterway, and the Gulf of Mexico. The Laguna boat dock occasionally has slips available for sale or rent, as does the Riviera Dunes Marina next door. Located minutes to Gulf of Mexico beaches, dining, shopping, hospital, Emerson Point Preserve, Bradenton Riverwalk, Manatee Performing Arts Center, and the Riviera Dunes Dockside Social Bar & Grill at the marina to enjoy live entertainment. Easy access to downtown Sarasota, St. Petersburg, I-75 and I-275 with three major airports less than an hour away. Don’t miss out on this rare penthouse in Paradise.

Features

  • Elevator: Y
  • Heating: Central
  • Cooling: Central Air
  • Levels: 2
  • Rooms: 5
  • Bedrooms: 3
  • Baths: 4 full / 1 half
  • Laundry: Laundry Room
  • Complex: LAGUNA AT RIVIERA DUNES IV
  • Year Built: 2007
  • Common Charge: $5,494 Quarterly
  • Approx Sq. Feet: 4,244
  • Est. Taxes: $21,428
  • Pet Policy: Cats OK, Dogs OK, Size Limit
  • Appliances: Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Kitchen Reverse Osmosis System, Microwave, Range, Refrigerator, Washer
  • MLS#: A4601042
  • Days on Market: 400 days
  • Website: https://www.raveis.com
    /prop/A4601042/611rivieradunesway_palmetto_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 4/18/2025 1:11:49 AM)

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NMLS Mortgage Loan Originator ID 6314

508.944.8218

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Our Insurance Division:

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611 RIVIERA DUNES WAY, #702, Palmetto, FL, 34221

$1,589,999

Pamela Kelly

Licensed Salesperson, REALTOR

William Raveis Real Estate

Phone: 781.626.3866

Pamela.Kelly@raveis.com

Bob Flynn

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 508.944.8218

Bob.Flynn@raveis.com

NMLS Mortgage Loan Originator ID 6314

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,271,999 $1,271,999 $1,271,999
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.500% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.861% 6.637% 6.540%
Monthly Tax Payment $1,786 $1,786 $1,786
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,729 $8,040 $10,993
Total Monthly Payment $9,640 $9,951 $12,904

* 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.