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Under contract-accepting backup offers. Set in one of Fairway Bay’s most desirable corner locations, this first living level 2BR/2BA walk-down residence offers bay views and easy island living. Fully renovated, it provides the move-in-ready condition many buyers want. From the entry, the quality of the renovation is clear. Solid wood floors run throughout the residence and complement the Sarasota Bay views. The kitchen features quartz countertops, white cabinetry with a glass-panel accent built-in, stainless steel appliances, generous storage, an eat-in nook, and a breakfast bar open to the living area. The living room includes custom built-ins, a coffered ceiling with recessed lighting, and a wall of sliders with views of the lagoon, mangroves, sailboats, walking paths, and the downtown Sarasota skyline. The sliders open to a spacious open and covered patio with walk-down access to the community amenities. The guest bedroom is privately positioned and generously sized, with an en-suite bath for visitors. The primary suite includes a slider to the patio, a spacious closet, and a large bath with a makeup vanity, walk-in shower, and separate water closet. Located within Bay Isles, Fairway Bay residents benefit from Bay Isles’ two 24-hour guard-gated entrances and deeded Gulf-side beach access through the Bay Isles Beach Club, a private beach area for Bay Isles residents only with beachside pavilions/tiki huts, picnic areas, barbecue grills, and restroom facilities. Fairway Bay amenities include a community pool, tennis courts, and fitness facilities, offering convenient options for recreation, exercise, and everyday enjoyment within the neighborhood. Longboat Key Club memberships are available separately, offering access to golf, tennis, dining, and social offerings. Deepwater slips are also available separately at the Longboat Key Club marina, providing a convenient option for boating access. Fairway Bay is pet friendly.
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Our Executive Mortgage Banker:
Our Insurance Division:
$895,000
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 | $716,000 | $716,000 | $716,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.349% | 6.203% |
| Monthly Tax Payment | $485 | $485 | $485 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,178 | $4,409 | $6,042 |
| Total Monthly Payment | $4,755 | $4,986 | $6,619 |
* 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.