Location & Value are what make Villa di Amore so special. Come and see for yourself how to escape the crowds and traffic on the barrier islands but still be on Sarasota Bay, minutes to all the amenities our vibrant community has to offer, by land or sea! 270-degree views of open water extend for miles taking in Lido and Longboat Key. You can even see New Pass which leads to the Gulf of Mexico just minutes away by water. This is also the LOWEST PRICE PER SQUARE FOOT for a FEMA conforming house anywhere on Sarasota Bay. This sturdy home is built on deep concrete pilings creating a living area 16' in elevation. The great room, with full bay views has a soaring 24-foot ceiling. Light sparkles on the bay and streams in from all angles through tall windows with high transoms creating almost complete walls of glass. There is a custom-built bar for entertaining and a “caterers” kitchen with twin Dacor four-burner gas ranges, stainless vent hood, two warming drawers, two KitchenAid dishwashers and a French door Sub-Zero 650 refrigerator and freezer. The kitchen overlooks a combination dining & family room which shares unobstructed bay views and opens to a large terrace for indoor/outdoor living. An elevator serves all levels of this 5 bed, 5 bath property but you may prefer the stairway with turned iron balusters and a wood railing. This leads to the 2, 200 square foot Owner's suite complete with a sitting room, fireplace, bayfront balcony, his & her walk in closets and a resort quality bath with a walk-in rain-shower and separate pedestal tub. Two additional bedrooms, mirroring the first-floor west wing and a 200-bottle temperature-controlled wine room are also on the second level. Outdoors, there is a newer "sport" pool with a grotto styled lounging shelf and gas heated spa. The private, bayfront, boat dock with a 13, 000-pound lift also has a separate platform for smaller toys like jet skis and paddle boards. Imagine having easy access to every waterfront dining venue in town. The Dry Dock and Shore on Longboat Key, Marina Jacks in downtown Sarasota or even the salty vibes of Cortez Village. All of these are within easy reach and no fixed bridges allows for sailboats. Villa di Amore, with almost 7, 000 square feet of living area, also has 2, 300 square feet of elegant terraces, a 4-car garage and all the recreational amenities you need for a full Florida lifestyle in this highly desirable Sarasota neighborhood. Live here amidst Sarasota's most significant cultural & educational institutions and you're only 2 miles north of downtown Sarasota, a 12-minute drive to St. Armands Circle and the beaches of Lido and Longboat Key and an equal distance to University Parkway anchored on the west by SRQ International Airport and the UTC shopping district and I75 on the east.
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Our Executive Mortgage Banker:
Our Insurance Division:
$7,700,000
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 | $6,160,000 | $6,160,000 | $6,160,000 |
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 | $3,425 | $3,425 | $3,425 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $41,501 | $39,954 | $54,510 |
Total Monthly Payment | $45,051 | $43,504 | $58,060 |
* 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.