Under contract-accepting backup offers. One-of-a-kind Siesta Key Beach penthouse with views of all Siesta Beach, from Point of Rocks to Big Pass, and year-round spectacular sunsets. Measuring a whopping 5, 764 sq. ft. of living space, this two-story residence is the largest private condominium on Siesta Key. Hearsay has it that the rock group ABBA stayed here while on holidays in Sarasota. This glowing beacon received an extreme glow-up in 2018, an exquisite collaboration by local artisans Clifford Scholz Architects, Jackson & Associates Construction and Studio Santa Maria. The interior was stripped to the walls and completely re-built. Everything is new: electric, plumbing, HVAC, recirculating hot water, impact glass throughout with motorized shades, wide-plank solid oak flooring, designer tile, solid-wood cabinetry, solid-core doors, LED lighting, whole-house Lutron automated lighting, whole-house Sonos sound system, motorized foyer chandelier and automated on/off closet lights. The two-car garage also received a make-over with speckled epoxy floor, spray-foam insulation, split A/C and dehumidifier. The dramatic two-story foyer announces the grandeur within. At the heart of the home is the open-concept living area consisting of kitchen, dining room, great room and sunroom with wrap-around floor-to-ceiling windows. The well-equipped kitchen has SubZero refrigerator, freezer drawer and wine storage; Wolf induction range and chimney hood; Fisher & Paykel double dishwasher drawers; five-foot “The Galley” WashStation with two disposals; wet bar; and concealed walk-in pantry. The main level also has four bedroom suites, TV room and laundry. Upstairs, the all-inclusive master retreat includes the bedroom, walk-in closet, bath, morning bar and office. The massive 700-sq. ft. bedroom has wrap-around windows with the best views of the house. The closet has a center-island dresser, inside closet with Liberty safe and tiled laundry station with drain and curb. The bath has free-standing bathtub with jetted-air full-body massage and double walk-in shower. The office has coffered ceiling and built-in storage. This level also has a 175-sq. ft. storage room. Located on the largest span of private beach on Siesta Key, Island House Beach Resort amenities include a heated swimming pool, community house and beach-side courtyard.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,500,000
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 | $4,400,000 | $4,400,000 | $4,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.786% | 6.888% | 6.976% |
Monthly Tax Payment | $2,594 | $2,594 | $2,594 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $29,273 | $28,538 | $38,936 |
Total Monthly Payment | $31,992 | $31,257 | $41,655 |
* 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.