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This exquisite waterfront parcel, spanning nearly 5 acres and more than 400 ft on the open waters of Sarasota Bay, presents an unparalleled opportunity to customize a large-scale personal estate in a magnificent tropical setting. Celebrated in national and global press for its size and provenance, this storied piece of land is one of the largest parcels available in Sarasota. Within minutes of Sarasota’s airport, world-class arts and cultural institutions, and a cosmopolitan downtown filled with upscale shops, restaurants, and galleries, this unique address offers the pinnacle of luxury living, blending secure privacy and spectacular Bay vistas with proximity to innumerable amenities. Poised for creating an expansive family estate or multi-generational complex, the landscape offers an incredible sense of serenity with the scale of an enormous private park that sprawls from a majestic entry on Bay Shore Road to idyllic paths winding through the waterfront palm grove. The adjacent parcel, available by separate offer, expands the potential lot size to 6. 1 acres and includes the famed Earle House, a historically significant mansion noted for its architectural grandeur and ties to the philanthropic Cuneo family.
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:
$16,000,000
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 | $12,800,000 | $12,800,000 | $12,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.961% | 6.613% | 6.435% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $79,855 | $80,905 | $109,750 |
Total Monthly Payment | $79,980 | $81,030 | $109,875 |
* 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.