888 Blvd Of The Arts, #504, Sarasota, FL, 34236 | $1,295,000

Reduced! This property is situated in one of the most coveted areas along Sarasota Bay, making it highly sought after by discerning buyers. The unobstructed views from nearly every room are truly breathtaking, evoking a sense of paradise. Although the home needs updating, it has been very well taken care of. Newer AC and Hot water tank!

Both of the spacious bedrooms offer stunning vistas of Sarasota Bay, with the master bedroom featuring its own private balcony. The main living areas showcase elegant tile floors, while the bedrooms are adorned with plush carpeting. Additionally, a generously sized balcony extends from the dining area, providing a perfect spot for relaxation and entertainment. The home is equipped with a full-size washer and dryer for added convenience.

Nestled amidst Sarasota's waterfront luxury high-rises, Condo on the Bay enjoys a prime location just steps away from the vibrant Downtown area, the renowned 53-acre Bay Park, and the Van Wezel Performing Arts Center. The community offers an array of on-site amenities, including a 24-hour manned gatehouse, boat dockage and fishing pier, concierge service, garage parking, EV charging stations, two heated resort-style pools, illuminated tennis and pickle ball courts, fitness centers, saunas, social rooms with kitchens, and much more.

Call today to set up your private showing!

Features

  • Elevator: Y
  • Heating: Central
  • Cooling: Central Air
  • Levels: 1
  • Rooms: 8
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Laundry Closet
  • Complex: CONDO ON THE BAY TOWER I
  • Year Built: 1982
  • Common Charge: $1,920 Quarterly
  • Approx Sq. Feet: 1,729
  • Est. Taxes: $4,005
  • Condo Fee: $2,982 Quarterly
  • View: Water
  • Pet Policy: No
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: A4593259
  • Days on Market: 126 days
  • Website: https://www.raveis.com
    /prop/A4593259/888blvdofthearts_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 5/13/2024 10:07:40 PM)
Listing courtesy of LEGACY PREMIER REALTY LLC   Phone: 239-673-6903

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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888 Blvd Of The Arts, #504, Sarasota, FL, 34236

$1,295,000

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 $1,036,000 $1,036,000 $1,036,000
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 $334 $334 $334
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,067 $6,806 $9,240
Total Monthly Payment $7,526 $7,265 $9,699

* 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.