988 Blvd Of The Arts, #816, Sarasota, FL, 34236 | $1,349,000

Revel in the convenience of city living on the waterfront in this 2BR/2BA haven in downtown’s Condo on the Bay community, offering the very best views of sparkling Sarasota Bay, the dramatic Ringling Bridge and awe-inspiring, true sunset views on the Gulf of Mexico. Nestled in the heart of the city, this direct bayfront residence invites you to experience sophistication and timeless design. Immerse yourself in the ambiance of gorgeous wood floors that gracefully flow throughout, as floor-to-ceiling sliders in the living room seamlessly blend the interior with the captivating outdoor scenery. Custom updates abound and enhance both style and functionality, with new sliders and electric window blinds to add a modern touch. Discover a meticulously designed desk/home office area, perfect for work or reflection. The kitchen is simply stunning, featuring a stone backsplash, low-profile cabinetry, stainless appliances including double ovens, solid surface countertops, a coffee bar area and a breakfast bar adjoining the dining space. The updated bathrooms, including the beautifully redone master bathroom with dual vanities, glass-enclosed shower and exquisite tilework, evoke a sense of indulgence. Custom-fitted closets throughout provide ample storage, while the spacious master suite offers stunning views of the bay. Every detail has been carefully considered to create a home that embodies luxury and comfort. Set directly on Sarasota Bay, Condo on the Bay offers residents an exciting range of amenities, two resort-style pools, two tennis courts, four exercise rooms, concierge services, as well as boat/kayak docks with a fishing pier and a staffed 24-hour security gatehouse. This residence is set in the pet-friendly Tower II and includes assigned under-building parking and storage.

Features

  • Elevator: Y
  • Heating: Central, Electric
  • Cooling: Central Air, Humidity Control
  • Levels: 15
  • Amenities: Elevator(s), Fence Restrictions, Fitness Center, Gated, Security, Storage
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Electric Dryer Hookup, In Kitchen, Inside, Washer Hookup
  • Complex: CONDO ON THE BAY TOWER II
  • Year Built: 1982
  • Approx Sq. Feet: 1,555
  • Est. Taxes: $6,135
  • Condo Fee: $3,047 Quarterly
  • Lot Desc: City Lot
  • Elem. School: Alta Vista Elementary
  • Middle School: Booker Middle
  • High School: Booker High
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer
  • MLS#: A4595225
  • Days on Market: 91 days
  • Website: https://www.raveis.com
    /prop/A4595225/988blvdofthearts_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/14/2024 5:17:13 PM)
Listing courtesy of COLDWELL BANKER REALTY   Phone: 941-383-6411

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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988 Blvd Of The Arts, #816, Sarasota, FL, 34236

$1,349,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $1,079,200 $1,079,200 $1,079,200
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% 7.014% 7.041%
Monthly Tax Payment $511 $511 $511
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,362 $7,090 $9,625
Total Monthly Payment $7,998 $7,726 $10,261

* 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.