Under contract-accepting backup offers. Pre-Construction. To be built. Welcome to laid back luxury living in Water’s Edge at Sanctuary Cove - Manatee County’s newest Waterfront Boating Community on the Manatee River! This custom designed great room floor plan from Vision Homes features a spacious open plan with expansive views of the Manatee River. The versatile floorplan can be built as you see it or completely customized to meet your needs. All four of the oversized bedrooms offer ensuite bathrooms plus additional powder room. Amazing outdoor living space to take advantage of the spectacular views and plenty of room to add a pool. Standard features include Impact/insulated low-e single hung windows, 10’ ceilings, 24” tile in main living areas, generous appliance and flooring allowance, brick paver driveway and so much more. This unique gated community features a private Riverfront sand beach, kayak/canoe launch picnic & grill area. Low HOA fee’s include beautiful clubhouse with resort style pool, fitness center, game room and waterfront patio. Water’s Edge is located in a perfect location for commuters and boaters alike! Water’s Edge at Sanctuary Cove - where you can pick your lot, pick your Builder - located less than 10 mins to downtown Bradenton, 20 mins to St. Petersburg and 20 mins to Sarasota. Prices and plans vary; photos are of a similar model home and for representational purposes only, not all features shown are standard. This home is pre-construction and can be completely customized. Community Close out- don't miss this opportunity to build your waterfront dream home!
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Our Executive Mortgage Banker:
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$1,905,000
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 | $1,524,000 | $1,524,000 | $1,524,000 |
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% | 7.014% | 7.041% |
Monthly Tax Payment | $414 | $414 | $414 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,396 | $10,012 | $13,592 |
Total Monthly Payment | $10,935 | $10,551 | $14,131 |
* 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.