Nestled in the prestigious West of the Trail area, this waterfront estate home offers a prime location on Ringling Cove, with protected water and stunning views of Sarasota Bay. Situated next to Sun Circle Park, this exclusive property enjoys the privacy of having only one neighbor to the north. This grand three-story home boasts four bedrooms and five and a half bathrooms, with each bedroom featuring an en suite bathroom and a private balcony overlooking the water.
The second level of the home features two Master suites. The entire home is wheelchair accessible, with an elevator providing access to the main living level on the second floor. The ground floor opens up to a pool area through sliding glass doors, perfect for outdoor entertainment.
On the main living level, you'll find separate living and dining rooms, both Master Suites, and a kitchen with eat-in space and a balcony overlooking the front yard. The second living level houses two guest suites, each with its own balcony overlooking the water. A wood-burning fireplace adds warmth and charm, shared by the Living Room and one of the Master bedrooms.
The property features plantation shutters for window coverings, Oak flooring, and Birch and Cherry cabinetry throughout. Etched glass windows adorn the front, while manual crank-out windows on the third floor provide a classic touch. A boat dock offers direct access to Sarasota Bay, perfect for boating enthusiasts.
Conveniently located within walking distance to the Ringling Museum and Asolo Theater, and close to downtown Sarasota, this property offers a luxurious waterfront lifestyle in a sought-after neighborhood. This property is being sold as is, presenting an excellent opportunity for customization and personalization to suit your preferences.
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$2,950,000
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 | $2,360,000 | $2,360,000 | $2,360,000 |
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 | $1,083 | $1,083 | $1,083 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,900 | $15,504 | $20,884 |
Total Monthly Payment | $17,108 | $16,712 | $22,092 |
* 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.