Discover this captivating bayfront estate, just a stroll from the vibrant heart of St. Armands Circle. Nestled across a sprawling double corner lot, encompassing over half an acre, this home rests on one of the largest parcels in the neighborhood. The exquisite five-bedroom residence is situated on meticulously landscaped grounds overlooking the waters of Sarasota Bay, featuring views that stretch out to Bird Key, Otter Key, and downtown. This home, an architectural masterpiece crafted by the renowned luxury home builder John Cannon, spans nearly 8, 000 square feet spread across two levels of sumptuous living space. Here, you'll savor tranquil water vistas, frequent sightings of dolphins, Manatees, and Bald Eagles from virtually every room. The interior of this designer residence boasts cathedral ceilings with elaborate coffered details and expansive crown molding, Travertine flooring adorned with intricate tile inlays, faux finished plaster walls, hurricane impact glass throughout (with additional storm protection for the Aquarium glass), gas fireplace ensconced in stone with a solid wood mantle, 200-bottle wine room, and the convenience of a whole-house generator. As you enter through the double doors, the spacious layout is thoughtfully organized around the gourmet kitchen, the true heart of this home, just a few steps from the living and dining room. This chef's haven overlooks the expansive family room and features an extended breakfast bar, generous island, top-of-the-line professional-grade appliances, Marble countertops, and a Butler's pantry. The master suite, a serene sanctuary conveniently located on the first floor for added seclusion, features its own private terrace access, a spa-inspired en-suite bathroom, a separate sitting area bathed in bay windows, his and her walk-in closets, and an adjacent bonus room currently purposed as an exercise room. Completing the first floor are a theater room and an office, which may serve as the second bedroom. The second level of this magnificent residence is dedicated to your guests' comfort, offering an expansive loft-style game room, two bedroom suites, and an in-law suite complete with its own living room, kitchenette, and a discrete entrance accessible from one of the five garage spaces. Transition seamlessly to the outdoor living spaces through vast glass pocketing sliders on both floors, where you'll find extensive patio areas. The central exterior space is the ultimate in outdoor entertainment and relaxation, boasting a Viking grilling station accompanied by sleek granite countertops, a convenient bar fridge, warming drawers, an inviting dining area, and a charming fireplace, all nestled beneath the shelter of the lanai's well-appointed summer kitchen. You will love the ease of enjoying annual fireworks from downtown in the comfort of your backyard. The expansive heated spa beckons beneath an alluring gazebo, surrounded by an open lounge area centered around a delightful fire table. Down a few brick pavered steps, you'll discover the heated infinity-edge lap pool that stretches an impressive 65' in length. Completing the outdoor splendor is a U-shaped composite dock with multiple lifts, including ones for Jet Skis and a 14, 000-pound boat lift. With nearly 150' of seawall, this estate's waterfront amenities are truly exceptional. Superbly located within walking distance to relish the renowned St. Armands Circle, plus Gulf beaches and downtown are all just a short bike ride away. Bedroom Closet Type: Walk-in Closet (Primary Bedroom).
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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 | $8,796,000 | $8,796,000 | $8,796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.875% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.877% | 7.014% | 7.041% |
Monthly Tax Payment | $4,092 | $4,092 | $4,092 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $60,004 | $57,783 | $78,448 |
Total Monthly Payment | $64,221 | $62,000 | $82,665 |
* 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.