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!
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$1,295,000
William Raveis Real Estate
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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.