Gorgeous Mediterranean estate-style home in beautiful condition located near Selby Gardens just minutes from downtown. Priced below recent appraisal. This Kurt Lucas designed home represents an architectural emblem of refined finishes and walled-in privacy located in the highly sought after Avondale community. Upon entry, one feels captivated while being met with soaring ceilings, stained glass mandala windows and exquisite Peruvian walnut parquet. The home’s design and functionality flow perfectly, creating an ideal space for entertainment and gatherings. The open-style chef’s kitchen includes a generous sized Brazilian cherry wood covered island, high-end double appliance package and butler’s pantry. Continuing into the family room, there are a series of French doors that grant marvelous views onto the rose-antico columned covered terrace and gardens beyond. The formal dining room is venetian-marble and American birch paneled with impeccable boiserie trim. Bask in your own private outdoor oasis where there are vast stone and paver patios for gracious outdoor living, and a conveniently located Portuguese-tiled and stain-glass windowed half-bath. Conveniently situated is a media room with custom leather recliners, surround-sound and grass-cloth covered walls. Entertaining is made effortless where the opportunities are endless. The primary suite is delighted by generous volume and romantic French trim. Double doors with bronze angel hardware usher you into beautiful Roman marble bath and spa area. The three ensuite bedrooms are perfectly appointed upstairs for guests, each with iron balconies, glossy pine-stained flooring, custom closets, and jetted marble shower baths. The stately Spanish Mediterranean home is surrounded by lush landscaping, privacy walls and iron trimmed solar powered entry gates. The estate is set upon a double lot with a circular brick paver driveway located in the front entry of the home, and the three-car garage enhancing the rear entry area with attractive wood-paneled and iron trim doors. The properties’ location is second to none enjoying the desirable Southside Elementary, Sarasota Middle and Sarasota High School district. The area has a distinct urban vibe from the epicenter of activity. Walk to Selby Gardens, Saturday’s Downtown Farmer’s Market Midtown Plaza. Sarasota Memorial Hospital and the many restaurants and shops at Southside Village are under a 5-minute drive away.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,950,000
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 | $3,160,000 | $3,160,000 | $3,160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.000% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.838% | 7.103% | 6.915% |
Monthly Tax Payment | $1,848 | $1,848 | $1,848 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $21,290 | $21,024 | $27,963 |
Total Monthly Payment | $23,263 | $22,997 | $29,936 |
* 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.