When you enter the elegant double doors you are entering your own personal "Shangri-La. " You will enjoy sweeping views of Sarasota bay and Marina plus a full Gulf view. Being on the 9th floor you will experience beautiful sunrises and sunsets. The 9th floor has High Volume ceilings which gives a much roomier feel to the space. The Cayman model offers the utmost in privacy with its spacious terraces. This unit has 2 bedrooms and 3 1/2 baths with den and family room. Family room can be converted to a third bedroom. Master bedroom suite has "his" and "her" individual bathrooms with water closet and bidet in her bath. Hardware is gold plated. The kitchen has exclusive kitchen cabinetry custom-designed for Grand Bay. It has Corian countertops, under-cabinet counter lighting and beautiful easy-to maintain designer ceramic tile floors. Ensuite Guest bedroom also has a private balcony with views of the sparkling waters of the Gulf of Mexico. Unit has 2 parking space on the lobby level which is much sought after. When you live in Grand Bay you automatically become a member of the Bay Isles Beach Club, a relaxed waterfront retreat on the Gulf of Mexico. Grand Bay offers tennis, swimming or sunning. Play a set or two of tennis on one of the 2 Har-Tru Courts, then soothe your tired muscles in a relaxing whirlpool spa before lunch. You can also swim a few laps in the heated pool with its own designated lap-swimming area. This unit needs to be seen to be fully appreciated.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,150,000
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 | $1,720,000 | $1,720,000 | $1,720,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.000% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.128% | 7.061% |
Monthly Tax Payment | $1,339 | $1,339 | $1,339 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,588 | $11,443 | $15,340 |
Total Monthly Payment | $13,052 | $12,907 | $16,804 |
* 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.