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Contemporary 16th Floor End Unit with stunning Bay, bridge and sunset views! Revel in the convenience of city living on the waterfront in this 2BR/2BA haven in downtown’s Condo on the Bay community, offering the very best views of sparkling Sarasota Bay, the dramatic Ringling Bridge and awe-inspiring, true sunset views on the Gulf of Mexico. Nestled in the heart of the city, this direct Bayfront residence invites you to experience modern sophistication and timeless design. Immerse yourself in the ambiance of gorgeous porcelain floors, floor-to-ceiling sliders in the dining room which seamlessly blend the interior with the captivating outdoor scenery. Custom updates abound and enhance both style and functionality, with electric window blinds to add a modern touch. The kitchen is simply stunning, featuring stone composite countertops, Miele appliances, a wine refrigerator and a breakfast bar adjoining the dining space. The updated bathrooms, including the beautifully redone master bathroom with dual vanities, glass-enclosed shower and exquisite tilework, evoke a sense of indulgence. Custom-fitted closets throughout provide ample storage, while the spacious master suite offers stunning views of the bay. Every detail has been carefully considered to create a home that embodies luxury and comfort. Set directly on Sarasota Bay, Condo on the Bay offers residents an exciting range of amenities, two resort-style pools, two tennis courts, four exercise rooms, concierge services, as well as boat/kayak docks with a fishing pier and a staffed 24-hour security gatehouse. This residence is set in Tower I and includes assigned parking space (79) and two storage rooms.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,545,000
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 | $1,236,000 | $1,236,000 | $1,236,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.911% | 6.764% | 6.666% |
Monthly Tax Payment | $1,127 | $1,127 | $1,127 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,610 | $7,914 | $10,767 |
Total Monthly Payment | $8,862 | $9,166 | $12,019 |
* 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.