Palm Beach International Design meets Mid-Century Mediterranean elegance and charm in one of Sarasota's most desirable and acclaimed communities of St. Armands Key. A boater's dream, situated on a private 28000 square foot lot with 172' of expansive Sarasota Bay views with private deep-water yacht dockage and easy accessibility to the Gulf of Mexico, all while being in the heart of world-class dining and shopping on St. Armand's Circle. This private gated estate, originating in the 1950s, was redesigned in 2009, taking the home from 7000 square feet to nearly 10, 000 and representing the exquisite uniqueness of this Mediterranean revival. The entry iron gates welcome you home with marble pathways, sculpted fountains, and well-thought-out lush tropical landscaping for ultimate privacy. The stage is set from the moment you enter through the front doors of this estate, recognizing this home is truly one of a kind with a lavish light-filled raised Rotunda entrance with ebony and mahogany flooring, a 22-foot mahogany-clad domed ceiling and French doors overlooking the elegant and romantic central courtyard. Interior features comprise of marble, mahogany, and inlaid black granite flooring. A total of 7 bedrooms and 9 full baths with 2 master suites, one upstairs and one down as well as 4 suites where guests can enjoy a spa-like experience. An additional upstairs guest suite with kitchenette, bedroom, bath, and living room with separate entry is the perfect private getaway for additional visitors. The custom-crafted home theatre for 10 is perfect for intimate family gatherings. Imported and handcrafted leaded beveled glass doors adorn the wine room as well as the custom-built Hickory wood library/office with an intimate fireplace. An additional office with built in shelving and serene Bay views is a perfect complement for the working couple. Most of the ceilings throughout the home are custom coffered with hand-carved intricate molding. The heart of this home, the kitchen, with SieMatic cabinets, granite countertops, gas stove, and Subzero refrigerator is adjoined by a spacious breakfast area that opens out onto the central courtyard, an outdoor fireplace, and a built-in kitchen bringing the breathtaking outdoors in. The family room is flooded with rich natural light from its 2-story floor to ceiling windows with exquisite water views. French doors lead out onto the open and expansive pool/spa with additional dining and lounge space, making the multiple outdoor living spaces as inviting as the inside. The home is also equipped with an elevator discreetly hidden by the kitchen, leading just outside the upstairs master bedroom. The vision of the current owners was to create an architecturally unique estate combined with a livable private family retreat that was within minutes of the cultural hub, world-famous beaches, and exquisite dining experiences. It's now time for another family to make this distinct residence their own special home.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$9,650,000
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 | $7,720,000 | $7,720,000 | $7,720,000 |
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% | 6.977% | 7.041% |
Monthly Tax Payment | $5,115 | $5,115 | $5,115 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $52,664 | $50,715 | $68,851 |
Total Monthly Payment | $57,903 | $55,954 | $74,090 |
* 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.