Under contract-accepting backup offers. One or more photo(s) has been virtually staged. Nestled within a gated boating community, this BRAND NEW, NEVER LIVED-IN waterfront residence is a haven of luxury and functionality featuring 3 bedrooms, a spacious bonus room, a large office/den, and a wide-water view. Boasting hurricane impact windows and doors, the home ensures a secure and comfortable lifestyle with seamless access to the Gulf of Mexico. The property is designed for water enthusiasts, featuring 107’ of waterfront property ready for a private dock on a protected lagoon —a perfect and secure launching point for your aquatic adventures. Embodying the essence of sophisticated coastal living, the flowing floorplan effortlessly connects the living room, dining room, kitchen, and outdoor areas, creating an open and airy atmosphere. Hosting gatherings is a delight as guests seamlessly transition from the interior to the clear-view screened lanai through the 10’ corner-sliding glass doors that create the epic indoor/outdoor experience overlooking the large custom pool with a luxurious spa. The well-equipped kitchen is a culinary haven, adorned with quartz countertops, dual-stacked cabinets, and stainless appliances. Fulfill your dreams of being a boat captain and return home to a private pool with a spa, providing the perfect setting for a refreshing swim after a day on the water. Privacy is paramount with two generous guest bedrooms positioned opposite the owner's suite. The master retreat features sliding glass doors to the lanai and a spa-like en-suite bath with a spacious shower, soaking tub, and separate vanity areas. Situated in the esteemed gated community of Sanctuary Cove – and then positioned in the reserve section of Waters Edge, residents have the privilege of boating to the Manatee River, Sarasota Bay, and the Gulf, with dining, shopping, and fuel stops along the way. Community amenities include a gate, clubhouse, fitness center, community pool, sand park, and marina. Conveniently located near three major airports, world-class beaches, I-75, and the Ellenton Outlet Mall, UTC shopping/restaurant area, this waterfront oasis transforms your dreams into reality.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,675,000
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 | $1,340,000 | $1,340,000 | $1,340,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 6.989% | 6.936% |
Monthly Tax Payment | $483 | $483 | $483 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,028 | $8,803 | $11,858 |
Total Monthly Payment | $9,636 | $9,411 | $12,466 |
* 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.