Under contract-accepting backup offers. Elegance meets waterfront luxury in this unparalleled Sarasota Bay residence, a masterpiece of refined living. Situated at the end of a tranquil cul-de-sac within the exclusive gates of Esplanade on the Bay, this waterfront home is a testament to opulence. The current owner has invested $250, 000 in enhancements, transforming this already breathtaking home into a haven of sophistication, and stylish, high-end furniture is included. Upon entering the grand foyer, prepare to be captivated by sprawling 180-degree bay views through accordion folding glass doors and accentuated by soaring ceilings. The living room opens to an expansive terrace that spans the entire length of the residence to the family room and the owner’s wing, creating a seamless indoor/outdoor living experience. The custom gourmet kitchen is a culinary enthusiast’s dream, boasting a quartz island with ample seating, a glass induction cooktop, Miele appliances, and a wine and coffee bar. The family room, featuring a linear electric fireplace clad in stone tile, adds warmth and charm to this culinary haven. The owner’s wing is a tranquil escape, offering a sitting area, sliders to the terrace, two walk-in dressing rooms with built-ins, and a remarkable en-suite bath with a soaking tub and walk-in rain shower. A spiral staircase leads to the crow’s nest, used as an office with built-ins, that offers breathtaking views of Sarasota Bay and Longboat Key. Designed for both grand events and quiet solitude, this home features flexible spaces on the ground level, including a lounge with an electric fireplace, game room, bars and kitchenette, in-law suite, and easy access to the pool deck. The backyard is a tropical paradise with a custom pool featuring two 15-meter lanes, a spa, and a swim-up bar. A stone path meanders through protected mangroves to a composite deck, offering a serene spot to fish, watch manatees and dolphins, kayak, and paddleboard. Luxurious finishes, including chandeliers and chrome hardware, embellish every corner. A beefed -up security system, refurbished AC systems, and a new metal roof (2020) ensure peace of mind. The home also boasts a new Miele refrigerator and dishwasher, a refurbished BBQ and ice maker, three fridges, custom closets on the lower level, and over $120k in landscape redesign. With an oversized 3-bat garage, an elevator connecting all three levels, and a design that seamlessly blends indoor and outdoor living, this home is the epitome of coastal luxury, where every detail has been meticulously curated for an extraordinary living experience. The community is a 5-minute drive to IMG Academy, IMG Golf Club, grocery shopping and restaurants. Under 30 minutes to beaches, downtown Sarasota, SRQ Airport, and UTC Mall.
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$4,995,000
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 | $3,996,000 | $3,996,000 | $3,996,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 6.989% | 6.936% |
Monthly Tax Payment | $4,429 | $4,429 | $4,429 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $26,922 | $26,251 | $35,361 |
Total Monthly Payment | $31,476 | $30,805 | $39,915 |
* 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.