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Spectacular Bayfront Location. Nestled on a cul-de-sac with 104 feet of water frontage, this Mediterranean style luxury estate offers unobstructed panoramic views of Sarasota Bay. This delightful setting includes a tropical backyard with a private L-shape 320 sq ft dock equipped with a new 13, 000 lb. boat lift – perfect for fishing, kayaking, and boating. A newly-crafted paver designed circular driveway enhances the home’s exceptional curb appeal. The front stairway leads to double solid crafted wood doors that open to 5, 175 square feet of living space with multiple upgrades highlighted by 5 bedrooms, 5 ½ bathrooms, and a large bonus room. Engineered hard wood floors seamlessly blend the living areas of this functional floorplan. Stunning water views and an inviting formal living room set the tone upon entering the home with soaring high ceilings extending past the second floor and anchored by a striking gas fireplace creating an elegant focal point. The high-end custom kitchen – a chef’s dream – features stunning solid hand-crafted wood cabinetry, two copper sinks, 6-burner gas range with custom hood, two ovens, granite countertops, a large island with a breakfast bar, sub-zero refrigerator, and top-tier appliances. Adjacent to the kitchen, the epic sitting room with a wall of windows provides captivating views for a serene living environment. The covered outside terrace gives an expansive, airy feel to the kitchen and living areas with breathtaking views of the pool area, the bay, and beyond. The generous primary suite provides a tranquil escape with additional bay views, as well as offering an updated en-suite bathroom and a large walk-in closet. Generous closet storage with thoughtfully designed built-ins adds to the function of this suite. The second floor offers a large bonus room with a wet bar, 3 bedrooms with their own private guest baths for added convenience. The 5th bedroom with an en-suite bath is currently being used as an office. Step outside to your private oasis: a large, covered patio overlooking the pool and spa with stylish tiled decking. The outdoor space continues with a manicured landscaped yard, leading to a staircase down to the dock, which is equipped with electric and water hookups for ultimate convenience. This residence boasts architectural features including crown molding, custom fireplace with built-ins, and tall custom baseboards. Other features include an elevator, large laundry room, split 3-car garage, new updated garage vented shutters, new roof, new gutters, new paint, new pool equipment, a new boat lift with an extra dock for your jet-ski, kayak or paddleboard, new water heater and more. Located in a coveted West of Trail Buccaneer Bay neighborhood that offers proximity to Siesta Key beach, restaurants, shopping, and downtown Sarasota. A premier waterfront property combines elegant craftsmanship and incredible views to create an unparalleled Florida lifestyle.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,900,000
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 | $3,920,000 | $3,920,000 | $3,920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.811% | 6.613% | 6.435% |
Monthly Tax Payment | $2,141 | $2,141 | $2,141 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $23,502 | $24,777 | $33,611 |
Total Monthly Payment | $25,767 | $27,042 | $35,876 |
* 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.