PENTHOUSE with unobstructed views of SARASOTA BAY and LIDO PASS. The moment you step into this luxurious condominium you are greeted by the expansive floor to ceiling sliding glass doors that open up to Sarasota Bay. Your southwesterly view is dynamic and constantly changing from bright sunshine reflecting like diamonds off the water to a pastel painted sunset sky. The split floorpan is open and offers plenty of room for large gatherings and entertainment. Enjoy full bay views from every room! This condo was originally a three bedroom that has been converted into a two bedroom with the primary suit now being 22x17. It would not be difficult to convert this condo back into a three bedroom penthouse. The primary en-suit is filled with light from its three large windows. One window faces directly west giving you open water views and stunning sunsets. The primary suite has plenty of storage with two walk-in closets and a custom built-in floor to ceiling closet that expands 14 feet long. All of the windows and sliding door have been upgraded to impact. The current owner completed a beautiful update in 2021 that includes new quarts kitchen countertops with waterfall edge, new glass tile backsplash in kitchen and bar, fresh paint throughout as well as new crown molding and baseboards. Both bathrooms have been completely updated as well. Elegant crystal lights and chandeliers have been added in every room. The RegencyHouse is nestled between Gulfstream Avenue and Palm Avenue and is considered to be one of the best locations downtown. The tranquil tree lined sidewalks will lead you to Bayfront Park and Marina, historic Burns Court, art galleries, live theatre, endless shopping and world class dinning. The Regency House is a very sociable and friendly building with 24 hour concierge, onsite management and maintenance as well as a club room with kitchen and heated pool with grill area. If you are looking for luxury, location, and a vibrant downtown lifestyle then you have found it.
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Our Executive Mortgage Banker:
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$1,099,000
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 | $879,200 | $879,200 | $879,200 |
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 | $724 | $724 | $724 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,998 | $5,776 | $7,841 |
Total Monthly Payment | $6,847 | $6,625 | $8,690 |
* 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.