Experience the epitome of contemporary urban living along the coveted Palm Avenue in downtown Sarasota. This meticulously maintained 3-bedroom, 3-bathroom residence is nestled within the recently constructed 7 One One Palm, offering a peaceful retreat while being centrally located. Step inside to an open floor plan adorned with Zebrino Michelangelo Porcelain flooring, 10-foot ceilings, and floor-to-ceiling sliders that fill the space with natural light. The sleek gourmet kitchen features Bosch appliances, including a 5-burner gas range, Cucine Ricci Italian Cabinetry, Insinkerator, reverse osmosis water filter, and large island. Take advantage of the spacious west-facing terrace, the largest in the building, offering a peek-a-boo bay view and an extension of your living space. Unwind in the master suite, complete with a spa-like ensuite boasting double vanities, an oversized walk-in shower, and his and her walk-in closets upgraded with shelving, pull -outs, and jewelry drawers. Additional highlights include a dedicated laundry room with Whirlpool stackable washer & dryer and oversized sink, Hansgrohe plumbing fixtures throughout, "Smart Home" technology to control lighting and shades, secure air-conditioned storage, and two dedicated garage parking spaces. Residents of 7 One One Palm enjoy resort-style amenities, including a private Palm Terrace with an oversized pool, spa, cabanas, firepit and gas grills. With a part-time concierge, fitness facility, and package room, every need is effortlessly catered to. Plus, being pet-friendly ensures that furry companions can share in the downtown Sarasota lifestyle. Conveniently located just steps away to Selby Gardens, Marina Jacks, and an array of dining options, cafes, and parks, this condo offers the perfect blend of urban convenience and tranquility. Situated within a boutique residence of just 16 units, residents can enjoy a sense of privacy and exclusivity. Minutes from Lido Beach and St. Armands Circle, and close to Legacy access points, the best of Sarasota's beaches and outdoor recreation are right at your fingertips. Bedroom Closet Type: Walk-in Closet (Primary Bedroom).
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,375,000
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 | $1,900,000 | $1,900,000 | $1,900,000 |
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 | $1,182 | $1,182 | $1,182 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,961 | $12,482 | $16,945 |
Total Monthly Payment | $14,268 | $13,789 | $18,252 |
* 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.