Conveniently located in Indian Beach and Sapphire Shores, this updated 1925 Mediterranean revival, on nearly . 75-acres offers sweeping views of Sarasota Bay from the downtown skyline and Ringling Bridge to the tip of Longboat Key. While retaining the original elegance, the home has been updated with modern amenities to welcome and entertain friends and family. As one enters through the gate, past the garden with a Koi pond, the large circular driveway with fountain can accommodate plenty of cars. The homes gated entry court leads to a gracious foyer. From the foyer one can either enter the large living room with its ornate fireplace and coffered ceiling, or the newly renovated kitchen complete with breakfast area. The kitchen includes a Sub-Zero refrigerator, an Aga induction range, Dolomite counters and galley sinks. The large dining room has beautiful views of the bay, a hand-painted recessed ceiling, marble fireplace, and built-ins for storage, display and serving counter. The office and den offer views overlooking the pool and bay. The grand salon, with its soaring ceilings, large fireplace and 10-foot arched doors provides endless possibilities for entertaining. Step out onto the large, covered terrace for sunset gazing. Upstairs are three large en-suite bedrooms. The primary suite was reimagined and rebuilt in 2021. Each bedroom leads to a large private terrace with breathtaking views. Landscape designer Michael Gilkey has re-imagined the landscaping to create separate outdoor rooms. The front yard includes a bocce court, large patios and a beautifully tiled heated pool. The separate guest house, adjacent to one of the two, two-car garages is comprised of two rooms and two baths. With the pocket door, the cottage which includes a kitchenette can be divided into two en-suite bedrooms. The recent renovations include all HVAC systems, including air conditioning installed in the two garages. The main house includes upgraded electrical, LED and Lutron systems and hurricane-impact windows and doors. Named Casa Arula by its original owners, this is not just a house, it’s a home where history and understated elegance converge. Room Feature: Linen Closet In Bath (Primary Bedroom).
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William Raveis Real Estate
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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 | $5,200,000 | $5,200,000 | $5,200,000 |
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 | $5,175 | $5,175 | $5,175 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $35,473 | $34,160 | $46,376 |
Total Monthly Payment | $40,773 | $39,460 | $51,676 |
* 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.