Pre-Construction. To be built. Perfectly situated in Oyster Bay, one of Sarasota’s most coveted West of Trail neighborhoods, this contemporary custom home will be on an acre of land with 148 feet of water frontage along the intracoastal waterway. Spanning 2 spacious levels with a bonus third story deck overlooking Roberts Bay with stunning sunsets on the horizon. The first floor encompasses 2, 204 square feet under air with two, two car garages, a fitness room with views of the water, a large storage room, a dedicated mud room, and a bedroom with bathroom with a walkout balcony onto the lower grand patio. The second story with 4, 311 square feet under air features a split floor plan with two guest bedrooms with en-suites on one side and a spacious master suite with sliding glass doors overlooking the water with a step out to the statement piece of the home, the second story pool expanding the entire width of the house. You will have the freedom to entertain guests with the large kitchen island seating, overlooking the great room with expansive sliding glass doors leading to your outdoor covered patio with enough seating for family and guests. No matter if you are on the first level or the third story deck you’ll enjoy the breathtaking water views and stunning sunsets. Most importantly, from the second and third story the entire bay can be seen. This prime location provides the tranquility of waterfront living while only being a mile away from the centerpiece of this neighborhood, The Field Club, where neighbors can gather to be a part of everything this neighborhood has to offer. Additionally, being minutes away from the cultural arts scene in downtown Sarasota this property is a mere 0. 8 miles, by boat, to the North Siesta Key Bridge providing access to the pristine shores of Siesta Key, Lido Key, downtown Sarasota and Longboat Key. Families will also appreciate its proximity to Phillippi Shores Elementary (1. 4 Miles), Brookside Middle School (2. 0 Miles) and Riverview High School (2. 1 Miles). Everyday amenities from grocery stores, coffee shops, gyms, shopping and an array of restaurants are located minutes away, making this a rare opportunity to create your own waterfront masterpiece in a well-known and established neighborhood West of Trail in Sarasota. If you need a place for your boat while this home is being built, the current owner has already installed a brand new oversized dock, featuring composite decking and stylish metal wire railing. Perfect for welcoming boating guests, fishing or simply enjoying breathtaking sunset views.
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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 | $9,580,000 | $9,580,000 | $9,580,000 |
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 | $2,232 | $2,232 | $2,232 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $65,352 | $62,934 | $85,440 |
Total Monthly Payment | $67,709 | $65,291 | $87,797 |
* 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.