3 bedroom, 3. 5 bath plus den Penthouse available. . Rare new construction for the intimate boutique 18 story condominium tower located in the heart of charming historic Sarasota. The building is tucked amongst the most coveted galleries, restaurants, shops, theaters and the marina which makes the 39 Private Residences at The DeMarcay one of the most walkable condominiums in Sarasota. The reinvention of the namesake 1922 hotel artfully pays homage to its history while claiming its future with expansive new construction modern condos! Buyers will select from luxe designer finishes to make their home their own! Interiors include custom Italian cabinetry, Miele cabinet panel appliances with gas cooking, quartz counters, spa-like baths. The homes will have large windows and patios in every home with city and or water views. One of the few rooftop pools in Sarasota provides illustrative views of the bay, sky and city coupled with the state-of- the-art outdoor kitchen and two terraces and fitness center. Estimated move in late summer 2021. NOTE: Pictures may not be of this home however, they are representative of interior finishes for the development.
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Our Executive Mortgage Banker:
Our Insurance Division:
William Raveis Real Estate
RVP, Mortgage Banker
William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr)
Adjustable Rate Jumbo*
|Term||360 months||360 months||180 months|
|Initial Interest Rate**||7.375%||6.875%||7.000%|
|Interest Rate based on Index + Margin||8.125%|
|Annual Percentage Rate||7.903%||6.977%||7.207%|
|Monthly Tax Payment||$7,691||$7,691||$7,691|
|H/O Insurance Payment||$125||$125||$125|
|Initial Principal & Interest Pmt||$17,129||$16,292||$22,291|
|Total Monthly Payment||$24,945||$24,108||$30,107|
* 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.