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Priced BELOW $1M for a BRAND NEW LUXURY BUILDING on Palm Avenue in the heart of DOWNTOWN SARASOTA! Recently completed, this residence offers the rare opportunity to enjoy the ease and appeal of new construction. Thoughtful upgrades include hardwood flooring, remote-controlled window treatments throughout, and designer lighting fixtures. The open floor plan is both spacious and welcoming, filled with natural light from floor-to-ceiling windows that frame charming city views. The kitchen is beautifully appointed with paneled appliances, a natural gas cooktop, and a pantry, making it as functional as it is stylish. The primary suite features a generous walk-in closet and a beautifully appointed ensuite bath. A versatile second bedroom may also serve as a den or home office, with a guest bath conveniently located just across the hall. The DeMarcay is a boutique building offering impressive amenities and attentive services. Residents enjoy a rooftop lounge with pool and entertaining areas, complete with gas grills—ideal for hosting friends and family. Valet parking and concierge trash pick-up add to the effortless, lock-and-leave lifestyle. This is Sarasota living at its finest.
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:
$999,000
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 | $799,200 | $799,200 | $799,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.275% | 6.223% | 6.183% |
| Monthly Tax Payment | $760 | $760 | $760 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,664 | $4,856 | $6,744 |
| Total Monthly Payment | $5,516 | $5,708 | $7,596 |
* 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.