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No expense spared on this Sarasota Bay access 3 bedroom, 2 bath coastal renovation. Sitting 16’ above elevation (flood zone X) in the highly sought after bayfront neighborhood of Coral Cove. The only bayfront neighborhood in Sarasota county with a boat ramp, dock, and 2 acre park on the water. All new hurricane impact windows/doors/sliders/garage door, custom wooden plantation shutters, all new Ruud 2-speed air conditioning system/ductwork/vents/returns, Nest controls, new plumbing, new septic and drain field, updated electrical including meter/disconnect/panel/outlets, new flooring, new custom Kimal interior doors and Emtek hardware, new wooden trim Floors/windows/doors, interior walls re-textured, paint inside and out, high-end lighting fixtures, vanities, toilets, plumbing fixtures, and door hardware purchased at Hydrologic, whole home water softener system. New stucco and paint, new aluminum fascia/soffit/gutters, all new cypress ceilings front entryway and rear patio, new (12 car) paver driveway with 3 entrances, new sconce lighting, electrical outlets and ring amera/floodlight system, new paver patio with aluminum high ceiling cage and upgraded mosquito/noseeum screen. Boat/RV parking area with gravel base and 50 amp power. New irrigation system (well), landscape lighting, new tropical landscape package, premium grade astroturf with putting green, basketball goal, aluminum (black) fence with multiple gates. Double entryway doors featuring 8 glass panes and digital Emtek hardware, premium Titan LVT flooring, custom dry bar with upper and lower cabinets and GE Profile stainless wine/beverage fridge. Kitchen/dining room granite counter tops, new cabinets and hardware including sliding shelves, white/black GE Cafe refrigerator, range, microwave, dishwasher. Primary bedroom: Custom nickel groove wooden accent wall, walk in custom closet, oversized fan. Primary bathroom: Madeli floating vanity with double sinks and Delta faucets, Madeli LED touchscreen mirror with anti-fog, custom walk-in glass shower with Delta 6 zone system, seamless 3” hexagon premium tile flooring. Guest bedroom #1: Double sliders to paver patio, custom closet, oversized fan, wall mounted 55” smart TV. Guest bedroom #2: Premium Titan LVT flooring in bedroom and closet, custom closet, oversized fan, wall mounted 55” smart TV. Guest bathroom: Madeli floating vanity with double sinks and Delta faucets, Madeli LED touchscreen mirror with anti-fog, overhead lights, ultra quiet exhaust fan, Toto toilet, custom walk-in glass shower with Delta 3 zone system including handheld, custom oversized linen closet, seamless 3” hexagon premium tile flooring. Laundry room: All new cabinets, custom utility sink and folding table, food pantry, SpeedQueen commercial washer and dryer, and attic access. All new Clopay cat 5 hurricane rated 2 car garage door/rails/springs/ultra quiet opener, epoxy floor, mini-split ac system with dehumidifier, 100 pound ice maker, commercial storage racks, wall mount systems, L-shaped wooden workbench, wifi and smart tv. All new paver patio, all new aluminum high ceiling cage with mosquito/noseeum screen, cypress ceiling, area for summer kitchen buildout. 1806 Caribbean Drive is completely remodeled with designer grade features, move-in ready, and available furnished. Bring your boat and start living the ultimate bayfront lifestyle without the worry of flooding or costly flood insurance.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,300,000
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 | $1,040,000 | $1,040,000 | $1,040,000 |
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 | $492 | $492 | $492 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,319 | $6,574 | $8,988 |
Total Monthly Payment | $6,936 | $7,191 | $9,605 |
* 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.