**BRAND NEW ROOF AND TWO NEW HVAC SYSTEMS AS OF APRIL '24. ** Architecturally distinguished oasis in Oyster Bay. This modern masterpiece of the Sarasota School of Architecture spans more than 2, 400 square feet of interior living space on a massive nearly half-acre lot in a location coveted for its serenity and proximity to all of Sarasota’s lifestyle amenities. Built in 2006, Villa Coquina was designed by Jack Jetton, who worked alongside Paul Rudolph for decades and was involved in the famed Riverview and Sarasota High School projects. Villa Coquina is distinguished as one of the last private residences built by an original member of the Sarasota School.
Ample living space provides for exceptional comfort indoors and out, enhancing the luxurious tropical lifestyle. The home’s open floor plan is complemented by 12’ ceilings and walls of glass that showcase chic modern style and the lush landscape of the oversized lot. Two master suites with large ensuite bathrooms are ideal for both owners’ and guests’ comfort, with an additional bedroom and guest bath adding space for families or hospitality. In addition to the private decks extending from each ensuite bedroom, outdoor living space includes the spacious pool deck and a fully screened lanai with dining and lounge seating. The expansive, sun-filled, and open floor plan kitchen consists of all brand new top of the line appliances, such as Bertazonni gas range, Italian travertine countertops, an oversized island for entertaining, and dedication to quality with custom Reform cabinetry.
This modern construction home is built with compliant elevation and flood design in mind. A complete gut renovation, just completed in 2023, by noted local architect Daniel Lear added to the home’s function and luxury features, with an additional bedroom and ensuite bathroom, Water Works plumbing fixtures, European cabinetry in the kitchen and owners’ bath, polished seashell aggregate floors, designer lighting fixtures, and new pool heater and equipment. An outdoor pool shower, oversized two-car garage with separate entrance, and premium security system add to the amenities.
This rare combination of midcentury provenance and brand-new construction quality is an exceptional opportunity for resort style living within steps of the water. Shaded by majestic live oaks on a secluded cul-de-sac in the envied Oyster Bay enclave, Villa Coquina is perfectly situated for both utmost privacy and immediate access to Sarasota’s finest amenities, including the world famous beaches of Siesta Key, the historic Field Club, and innumerable dining and cultural options Downtown.
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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 | $1,900,000 | $1,900,000 | $1,900,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.838% | 6.851% | 6.915% |
Monthly Tax Payment | $1,369 | $1,369 | $1,369 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,801 | $12,323 | $16,813 |
Total Monthly Payment | $14,295 | $13,817 | $18,307 |
* 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.