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One or more photo(s) has been virtually staged. Pre-Construction. To be built. Introducing Saravela, a transformative new luxury residential community rising in the heart of downtown Sarasota at 430 N. Tamiami Trail. This striking mixed-use development features 271 luxury condominiums and 11 elegant town homes within an iconic architectural composition, crafted to maximize the Sarasota lifestyle, amenity access and downtown connectivity. Saravela represents a new vision of urban coastal living, strategically between Sarasota’s vibrant arts district and the scenic Bayfront, offering ease of access to world-class dining, boutiques, cultural venues and waterfront recreation. Designed by Kimmich Smith Architecture with interiors by ID & Design International and a comprehensive lifestyle program, Saravela offers more than 47, 000 square feet of resort-style amenities spread across six indoor and outdoor levels, including multiple rooftop pools, fitness and wellness studios, spa and yoga rooms, social lounges, golf simulator, game and kids’ club spaces, putting green, outdoor grilling stations, dog run and wash, co-working space and concierge services. A signature feature of Saravela is its owner-flexible rental program, the first of its kind in downtown Sarasota. With a short term rental option and on-site professional rental management, our innovative rental program can help you offset costs and let your residence work for you while you are away. Residences are crafted for modern urban living, offering thoughtfully designed interiors, expansive views and direct access to the best of Sarasota’s lifestyle. Enjoy the Bayfront park, performance venues, upscale restaurants, cafés, galleries and boating, beach, and golf destinations are just minutes away. This two-bedroom, one-bath residence of 2, 086 square feet features 11-foot ceilings, quality finishes including high-end appliances and fixtures, floor-to-ceiling windows and a spacious balcony. For a carefree, turnkey experience, the residence is fully furnished with custom selections by acclaimed Steven G. Interiors. Saravela’s prime downtown address, sophisticated design, unique rental flexibility, and industry leading amenity program position it as a defining residence for owners seeking a full-time lifestyle or seasonal getaway in one of Florida’s dynamic coastal cities.
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:
$3,445,000
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 | $2,756,000 | $2,756,000 | $2,756,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.289% | 6.259% | 6.203% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $16,303 | $16,746 | $23,257 |
| Total Monthly Payment | $16,428 | $16,871 | $23,382 |
* 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.