Under contract-accepting backup offers. With its beautiful, unobstructed views of Sarasota Bay and ideal location in the heart of downtown, this residence on the eleventh floor of Bay Plaza is an exceptional property. On Palm Avenue between Main Street and Cocoanut Avenue, Bay Plaza is one of Sarasota’s iconic buildings. Amenities include a 24-hour concierge, valet parking, an elegant lobby, a fitness center, a meeting/media room, and a library. There is a heated swimming pool, spa, and outdoor kitchen. Brand new impact glass sliding doors and windows have just been installed, enhancing the expansive bay views from almost every room. The highest quality of workmanship is evident from the moment you enter this two-bedroom, two-bath unit plus a small office. Brazilian cherry floors are laid throughout the great room and bedrooms. Ideal for entertaining, the spacious and comfortable great room opens out to the beautiful balcony, where you can admire breathtaking sunsets. The residence features a chef’s kitchen, with travertine marble floors and granite countertops, complete with custom walnut cabinets, a high-end KitchenAid refrigerator, double oven, dishwasher, a 36-inch Miele induction cooktop, a built-in Wolf microwave drawer, and glass-door wine refrigerator. The primary suite has its own private balcony, customized closets, and a luxurious primary bath with designer porcelain tile floors, black granite counters, custom cabinetry, a jetted spa tub, a private commode, and a large walk-in shower with pebble rock floor. The guest suite has built-in cabinetry, including a queen-size Murphy bed, bookcases, and a custom-designed walk-in closet. The guest bath has a glassed-in tile shower and a built-in washer and dryer. Bay Plaza is one of the most esteemed and secure buildings in downtown Sarasota. Dining, theater, opera, the farmers market, Selby Botanical Gardens, and the Sarasota Bayfront are all within easy walking distance. This is a spectacular property you won’t want to miss!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,500,000
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 | $1,200,000 | $1,200,000 | $1,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.799% | 6.876% | 6.850% |
Monthly Tax Payment | $741 | $741 | $741 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,984 | $7,783 | $10,536 |
Total Monthly Payment | $8,850 | $8,649 | $11,402 |
* 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.