Under contract-accepting backup offers. Views are priceless and incredibly breathtaking! Penthouse along the bay with million-dollar water views of Sarasota Bay and convenient deeded beach access, rare pet-friendly, two-pet community, two marinas with boat slips, and across from one of two pools, the pickleball/tennis courts and clubhouse. Potential rental investment/second home opportunity: This penthouse may be leased two times a year with a one-month minimum. Prime location mid-island and ideally situated providing spectacular sunrises from the living room and both bedrooms, as well as breathtaking sunsets from the kitchen and front entry. This two-bedroom and two-bath penthouse with plenty of storage, also features an amenity-rich community: two marinas with a boat slip/Jetski slips (28 slips/waitlist), convenient deeded beach access and two public beach access points, two pickleball/tennis courts, two heated pools, kayaking/kayak racks, two saunas, fitness room, meeting room, two community fire pits, community grills, shuffleboard, bike racks, clubhouse with kitchen, library, a half mile of waterfront trails and elevators. The kitchen features granite countertops and stainless-steel appliances as well as a reverse osmosis system for drinking water at the kitchen sink. This penthouse unit is unique from the other units in that the prior owner opened the kitchen to have water views of the Sarasota Bay and an open view to the dining and living rooms. There are water views from every room in this penthouse. The washer and dryer are Bosch and conveniently in the owner’s closet. The second bedroom features a Murphy bed and lots of built-in closets for clothing and storage. Windward Bay is convenient to St. Armands Circle, downtown Sarasota, championship golf courses, pickleball and tennis courts, boating, fishing, the beach, award-winning restaurants, shopping, Publix, coffee shops and music venues. Google Windward Bay location to see the surrounding area. This Windward Bay community has undergone improvements in the last couple of years and features, among other items, new roofs on all of the mid-rises and in December 2023 for this Building B, HVAC enhancement, new catwalks, new railings and new exterior paint. See complete list under documents. Phase I Milestone Inspection completed and passed so no need for Phase II Milestone Inspection and certified for another 10 years. Reserve study also completed. Be sure to tour in person to experience this amazing opportunity to own on Longboat Key and be close enough to the new St. Regis Resort to enjoy their beach tiki bar and restaurants. Easy to show with convenient showing times.
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William Raveis Mortgage, LLC
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $640,000 | $640,000 | $640,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.500% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.051% | 7.295% | 6.623% |
Monthly Tax Payment | $858 | $858 | $858 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,475 | $4,312 | $5,531 |
Total Monthly Payment | $5,425 | $5,262 | $6,481 |
* 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.