Fronting Roberts Bay, This rare jewel is all about the view and the location. It provides a canvas for a bayfront estate in a neighborhood known for its exclusivity and high real estate values. Imagine your very own enchanting residence customized to your exact specifications and unique personalized style. Poised on the prized northern tip of Siesta Key and nestled on the Freeling Drive peninsula, this exquisite parcel represents the perfect blend of sophistication and coastal living in paradise. Bay Island is surrounded by some of Siesta Key’s most admired homes and is an architectural showcase redefining island luxury along one of the area’s most pristine waterways. With an impressive 155 feet of NEW SEAWALL to be built in May, this oversized 15, 000+/- -square-foot homesite is as exceptional as it gets and offers stunning panoramas of Roberts Bay, looking south to Edwards Islands and the waterways beyond. The location embodies the elevated coastal lifestyle you've always envisioned and is ideal for boating and fishing enthusiasts or enjoying breathtaking sunrises and sunsets in unmatched natural beauty. You'll find yourself just minutes from the vibrant shops and restaurants of Siesta Key Village and the world-renowned Siesta Key Beach, attracting visitors from all over the world. Beautiful downtown Sarasota is just a short drive away, offering galleries, theater, and fine dining. Opportunities like this seldom come along, making this property a true gem for anyone seeking the utmost waterfront address. The ambiance of this treasured location is one where privilege and prestige are imbedded in its affluent lifestyle. Don’t let this one slip by before you’ve had the chance to experience the magic for yourself!
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,250,000
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 | $4,200,000 | $4,200,000 | $4,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.375% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.511% | 6.415% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $25,520 | $26,203 | $36,012 |
Total Monthly Payment | $25,645 | $26,328 | $36,137 |
* 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.