Pre-Construction. To be built. Custom 2, 594 square foot 2-story 3 Bedroom, 3. 5 Bathroom home build nestled in a quiet neighborhood in the City of Sarasota! Positioned adjacent to the popular Arlington Park, which offers a large swimming pool, tennis courts, basketball courts and a playground, this property presents an opportunity to customize this luxury dream home. Save months of time with building permits in hand as you are able to break ground upon closing on the land. From the meticulously designed exterior arches gracing the entrance, all the way to the luxurious finishes you will find in the interior, this home embodies coastal living. Discover unparalleled convenience in a location that defines effortless living. Situated just blocks away from Alta Vista Elementary School and less than a mile from Sarasota High School. In addition, within a mere 2-miles lies the vibrant downtown Sarasota— the center for an array of entertainment options. Whether you are looking to enjoy a night at the theater or browse through the array of dining options, this vibrant cityscape has you covered. Explore the wonders Lido Key and St. Armands Circle have to offer, with top rated restaurants, art galleries, designer boutiques, and sugary sand beaches. As a bonus, just a short distance away we have Siesta Key Island, known for its pristine, award-winning beaches, this barrier island offers a serene island escape with its soft, powdery quartz sand, clear turquoise waters and breathtaking sunset views. Plus, if you want more yard space, the vacant land next to this property can also be sold with this property, giving you more opportunity for creativity and space with your next dream home!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,900,000
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 | $1,520,000 | $1,520,000 | $1,520,000 |
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 | $517 | $517 | $517 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,369 | $9,985 | $13,556 |
Total Monthly Payment | $11,010 | $10,626 | $14,197 |
* 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.