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Uncover the ultimate canvas for your bayside sanctuary at this premier waterfront property, nestled in a highly coveted Sarasota neighborhood. With nearly half an acre of prime land, this estate offers a rare opportunity to construct your dream residence directly on Sarasota Bay. Embrace the chance to design a breathtaking retreat amidst a community of multimillion-dollar homes and understated elegance.
This tucked-away treasure is more than just a half acre lot – it's a gateway to captivating bayfront views and over 100 feet of robust concrete seawall. Imagine mornings spent sipping coffee as dolphins play in the shimmering waters just steps from your door, and evenings hosting lavish sunset gatherings that turn into starlit feasts.
While the current structure is primed for replacement, the true value lies in the land itself and the endless possibilities it presents. Envision a sprawling estate with walls of glass that open to merging indoor and outdoor spaces, ideal for soaking in panoramic vistas and gentle sea breezes.
Located within a top-notch school district, your new residence is also a leisurely walk or a brief bike ride from the soft beaches of Siesta Key. Enjoy the convenience of island proximity without the daily hassle of traffic in and out of the key.
With its superb location and unmatched potential, this property invites you to bring your architect and explore the boundless opportunities to craft a home that’s as extraordinary as its setting. Secure your slice of paradise and let your waterfront dream home vision take flight!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,999,000
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 | $1,599,200 | $1,599,200 | $1,599,200 |
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 | $2,061 | $2,061 | $2,061 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,847 | $10,240 | $13,931 |
Total Monthly Payment | $12,032 | $12,425 | $16,116 |
* 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.