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One or more photo(s) has been virtually staged. This downtown Bay Plaza residence combines tranquility & urban convenience, creating a serene, treehouse-like atmosphere. The upgraded coastal style enhances the overall experience, boasting charming fixtures & modern finishes. Situated on the second floor, it provides a secluded retreat from the city's hustle & bustle. Savor the gentle rustling of the wind through the trees that line the street below. A beautifully remodeled floor plan features an airy main living space, two tree-top tiled balconies that offer glimpses of water views, & two primary suites, each with its own bath & walk-in closets designed with built-ins. The foyer is open to the dining room, showcasing an expanded footprint with a console table area plus cleverly concealed closet & mechanical access. The handcrafted walls seamlessly extend into the living room, where a lovely built-in media center highlights the elegance of the shiplap throughout the main living space. The luxury vinyl tiles perfectly accentuate every room. A serving bar between the living & formal dining enhances the flow of entertainment. A hand-painted glass chandelier provides ample lighting for a generously sized table, offering plenty of room for dinner parties with at least ten guests. The wonderfully updated kitchen has striking natural stone countertops, a stylish glass-tiled backsplash, & soft-close shaker-style cabinetry, all illuminated by stunning LED lighting. The appliances that have a fingerprint-resistant finish remain. There's a delightful area for casual dining that can double as a versatile home office with its own entrance. The Owner’s Retreat is adorned with coffered ceilings, two walk-in closets, & its own balcony with ceiling-to-floor glass doors. You'll love the en suite bath, which boasts a spacious double floating vanity with a backlit mirror, a separate shower & a Toto toilet in the water closet. New cabinetry adds stylish storage along one wall. The split plan layout separates this suite from the secondary primary, featuring its own high-end finishes, a convenient laundry closet, & access to the main balcony. This residence also includes generous storage & new electronic roll-down shades that provide complete privacy. Bay Plaza is a coveted building situated in downtown Sarasota, recognized as Florida’s cultural & creative coast. Designed by the renowned architect Tim Siebert, it offers immediate access to the heart of the city. Residents have access to a range of amenities, including 24/7 valet parking, a full-service concierge, EV charging stations, & around-the-clock services. A parking garage with assigned parking for one car adds peace of mind. The recent installation of impact-resistant glass enhances both safety & style. You can relax in the heated pool or spa, & stay fit in the state-of-the-art fitness center, which features a sauna & steam room. The spacious lobby includes a grand piano, a media room, & a library, creating an atmosphere of luxury & sophistication. The condominium is conveniently situated near the Opera House, the farmers' market, art galleries on Palm Ave. , & a variety of trendy & bay-view restaurants. You will be surrounded by boutique shopping, Whole Foods, & local theaters, all within moments of the vibrant cultural scene. Enjoy spectacular 4th of July fireworks at Marina Jacks from your own balcony. This is an exceptional opportunity located just minutes from St. Armands Circle, Longboat Key, & local beaches.
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Our Executive Mortgage Banker:
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$925,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $740,000 | $740,000 | $740,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.241% | 6.110% | 5.972% |
| Monthly Tax Payment | $993 | $993 | $993 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,202 | $4,437 | $6,145 |
| Total Monthly Payment | $5,287 | $5,522 | $7,230 |
* 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.