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One or more photo(s) has been virtually staged. Welcome to Risdon on 5th! This luxurious, gated residence is ideally located in downtown Sarasota’s most coveted area, the Rosemary District. Rarely available, Risdon on 5th was just built in 2019 and offers a sleek, contemporary living experience within award-winning architecture designed by the renowned Halfants & Pichette. Semi-private elevators whisk you to the third floor of this modern END-UNIT residence. In 2019 the sellers spared no expense upgrading this spacious two-story condominium that offers 3 bedrooms and 3. 5 bathrooms, highlighted by energy-efficient IMPACT WINDOWS and DOORS, soaring ceilings, and premium designer finishes throughout. An airy loft bathed in natural light enhances the home’s open, sophisticated feel. The custom-built kitchen showcases premium JennAir appliances, exquisite Irpinia soft-close cabinetry, and a striking centerpiece island highlighted by a 2 inch waterfall-edge Quartz countertop. All 3 bedrooms feature private en-suite bathrooms, with an additional half bath conveniently located on the main floor. Entertain your guests with amenities that include a heated rooftop pool, two rooftop terraces with panoramic Sarasota Bay views and plenty of available onsite parking. Experience the ultimate downtown living with not 1, but 2 private balconies facing North and South, perfectly positioned for spectacular sunrises and unforgettable sunsets. The monthly fees include cable, internet, water, trash, sewer, insurance, reserves, and owners can have 2 pets. This premier building holds a spacious courtyard that is gated and secured, providing 1 designated covered parking spot for owners, plenty of flex parking spaces for owners and guests, and ample street parking. Enjoy the luxury of the close proximity to the Farmers Market, Artisan Cheese Co, Whole Foods, art galleries, Marina Jack, Van Wezel, Ringling Bridge and a short 1. 5 blocks from the new Bay Park, Sarasota's beautiful new waterfront park with weekly outdoor entertainment. Comparable units are priced at $1. 7 million in the Rosemary District, so act quickly and call for your showing today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,050,000
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 | $840,000 | $840,000 | $840,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.750% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 5.585% | 5.806% |
| Monthly Tax Payment | $1,151 | $1,151 | $1,151 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,704 | $4,902 | $6,919 |
| Total Monthly Payment | $5,980 | $6,178 | $8,195 |
* 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.