Under Construction. New Construction! A Seaward Homes Curated Collection home. Nestled within the highly sought-after enclave of Lido Shores, this exclusive residence offers the epitome of coastal luxury living. Reside in a Gulfside community with your very owned private beach with gated access and parking shared only by the 93 fortunate owners who call this unique community home. Boasting 4, 750 sq. ft. of air-conditioned opulence, the home extends its allure with an additional 1, 800 square feet of walkable terrace, including a captivating 1, 200 sq. ft. SKY-TERRACE offering 360-degree panoramic views of Sarasota's Ringling Bridge, Downtown Sarasota and the Gulf of Mexico. Designed for both comfort and grandeur, the residence features five generously sized en-suite bedrooms, with a first-floor master suite providing a private retreat. The great room, a focal point of the home, boasts 23-foot ceilings, 10-foot sliding glass doors, and a fireplace with custom stone surround, creating an inviting space for relaxation and entertainment. A culinary masterpiece, the chef's kitchen is equipped with top-of-the-line Thermador appliances, a Cove dishwasher, Italian imported custom cabinetry, and designer solid quartzite countertops. Additional highlights include a den/office area, first and second-floor laundry rooms, a second-floor living room area, and a dedicated yoga/gym room. Built to the highest standards of quality and craftsmanship, the residence features concrete masonry construction on the first and second floors. Your customer will also appreciate the luxurious Hansgrohe plumbing fixtures, ultra-efficient Trane AC system, and the custom-built wood and steel floating staircase. Enjoy the tranquility of the outdoors in your private oasis, featuring a 17x27 ft covered lanai, a heated saltwater pool and spa with a sun shelf in a Pebbletec finish, and a summer kitchen with outdoor rated cabinets, a 36" gas grill, an under-counter outdoor refrigerator, and sink. Just a short walk from the vibrant St. Armand's Circle, renowned for its upscale shopping and dining, this residence provides easy access to Sarasota's downtown, offering world-class entertainment, marinas, restaurants, shopping, weekly farmer's markets, and charming festivals. While it exudes a sense of serenity, the home is just a few miles from Sarasota's airport, ensuring seamless connectivity to the world. Embrace the opportunity to make this unparalleled residence your new home and relish in the distinctive lifestyle that Sarasota has to offer. Don't miss the chance to reside in a sanctuary that seamlessly combines coastal elegance with modern luxury!
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$6,995,000
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 | $5,596,000 | $5,596,000 | $5,596,000 |
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 | $2,049 | $2,049 | $2,049 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $38,175 | $36,762 | $49,908 |
Total Monthly Payment | $40,349 | $38,936 | $52,082 |
* 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.