BFE just reduced to 10' from 13' prior with recent FEMA changes. The lowest ground floor elevation (garage) is at 12. 7'. Remarkable beachfront residence and a $500, 000 price adjustment for a quick sale. Look out at the sparkling waters of the Gulf and 114 feet of wide, sandy beach. This custom home was designed with views in mind, boasting panoramic vistas of the Gulf from every room. From calm morning sunrises over the Bay to spectacular and unforgettable sunsets on the Gulf, and watching dolphins, tarpon, and rays play throughout the day, this is a water lover's dream home. Positioned on a pristine stretch of Manasota Key Beach, where the beach has expanded since the home was built, this private estate was built solid and high, including 3 levels and an elevator. The spacious and open top floor offers water views from every window and was set up as the owner's retreat with entertaining in mind. It features a newly remodeled chef's kitchen with beautiful two-tone custom cabinets, modern Quartz countertops, and high-end appliances with 2 built-in ovens, a built-in microwave, and a large center island. The kitchen opens to a great room with vaulted ceilings, tall windows, and a large balcony, allowing for al fresco dining with views of the sparkling Gulf waters. The formal dining room is located towards the front of the home and has spectacular views of Lemon Bay. The oversized primary suite, with panoramic windows showcasing breathtaking Gulf views, includes balcony access, a bath area with dual sinks, a jetted tub, a walk-in shower, and a roomy walk-in closet with custom cabinets. Local artist BJ Carson custom-painted the top floor's beautiful powder room. The home's middle level is set up for your family and guests, with two sizeable en-suite bedrooms, another spacious living room, and an open-air balcony with access to and overlooking the elevated and heated pool. The pool area is completely fenced for security and includes a vast outdoor terrace that overlooks the pristine sands of the beach and shimmering waters of the Gulf. Other luxury finishes in the home include polished travertine floor tile throughout the main living areas and bathrooms and designer window treatments and light fixtures. The home's second and third levels are easily accessed directly from the garage level via an elevator. The first living level is at 23. 5' elevation. The ground floor of the home offers a 3 car oversized garage (12. 7' elevation), and a large storage room, bath, and office (13. 3' elevation). The home has received many recent updates, including a brand-new roof, a resurfaced pool, and recently replaced HVAC systems. The home includes hurricane impact protection for all windows and doors. A recently completed survey, elevation certificate, and wind mitigation inspection are all available for review. This is a rare opportunity to enjoy the pleasure and timeless allure of beachfront living. With easy access to a wide sandy beach via your private boardwalk, you can experience an unhurried pace of life that combines old Florida charm with modern luxury. Manasota Key is an 11-mile barrier island just south of Venice and Sarasota. This home is located on the Sarasota County north end of the island and is easily accessed from the mainland. The location offers the feeling of a tropical island escape while being only a short drive to prime shops, gourmet restaurants, the arts, and highly rated health care facilities. Call today for your private showing.
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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 | $3,600,000 | $3,600,000 | $3,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.000% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.103% | 7.041% |
Monthly Tax Payment | $1,746 | $1,746 | $1,746 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $24,558 | $23,951 | $32,107 |
Total Monthly Payment | $26,429 | $25,822 | $33,978 |
* 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.