Presented byRobert DiDonato |
Under contract-accepting backup offers. Tucked away on a private lane on the northern tip of Siesta Key on Sarasota’s Big Pass, at the mouth of the Gulf of Mexico, is the Blue Lantern, a historic Sarasota location. Offered for the first time in decades, an opportunity to build your dream home on this rarely found waterfront. Offering one of the area’s most coveted lifestyles, only a few exclusive homesites enjoy this spectacular view. As the value is in the land, the next fortunate owner will likely replace the existing vintage home; a preferred builder and architect are in the planning stages to fully capture the unique beauty of this very special location and view. Seldom is a property available to create a custom estate with such stunning views of Big Pass, South Lido Beach Park, and Bird Key with mesmerizing bay and city skyline views. A near-perfect spot for the boating enthusiast, Big Pass is renowned for its pristine water quality and deep-water boating access to the Gulf of Mexico. Boasting 190 feet of sailboat water frontage on two sides, including rare dockage on Big Pass, and protected water on Bayou Louise. The property lends itself to connecting with the environment through boating, paddleboarding, snorkeling, windsurfing and fishing, all from your private oasis. Discover dolphins, manatees, and an endless array of fish and waterfowl. Savor colorful sunsets, and at night, enjoy sparkling views of downtown Sarasota, Lido Key and Bird Key. Arguably one of the best locations on the island and in all of Sarasota, this highly desirable North Siesta Key location is minutes to the world-famous powdery white sands of Siesta Key Beach and the crystal azure waters of Siesta Key. The quaint shops and alfresco dining spots of Siesta Village are just minutes away, while the vibrant cultural allure of downtown Sarasota can be found just across the bridge. Considered the cultural gem of Florida’s west coast, you’ll find abundant urban, cultural and social activities including fine dining, a world-renowned art museum, galleries, ballet, symphony, opera, theater and numerous charitable events. Convenient to Sarasota Bradenton International Airport, private aviation and multiple golf courses. Easy access to Tampa, Naples and Miami.
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:
$3,650,000
Sales Associate
William Raveis Real Estate
Phone: 914.447.8355
Robert.DiDonato@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.952.8600
Joseph.Mollica@raveis.com
NMLS Mortgage Loan Originator ID 130058
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,920,000 | $2,920,000 | $2,920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.000% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.115% | 7.061% |
Monthly Tax Payment | $1,110 | $1,110 | $1,110 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $19,673 | $19,427 | $26,042 |
Total Monthly Payment | $20,908 | $20,662 | $27,277 |
* 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.