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Experience a level of coastal living and entertaining that is simply unmatched. Offered for the first time, this 3-bedroom, 2. 5-bath residence with a deeded two-car garage at Ultimar I was the developer’s personal direct beach access ‘penthouse’—meticulously maintained and never before available to the public. Enjoy unobstructed ocean views and private terrace living, just steps above the sand. Residence #202 stands alone as a private corner residence with panoramic beach vistas and an exclusive entryway. The high ceilings and its massive wraparound limestone terrace—the largest and most expansive private outdoor space in Ultimar I —defines the estate with access through a private vestibule. This seamless extension of the home flows directly from the kitchen, main living areas, and primary suite, creating an effortless indoor-outdoor sanctuary perfect for grand entertaining or quiet evenings under the stars. Floor-to-ceiling glass frames sweeping Gulf views from sunrise to sunset, while the terrace itself serves as an elevated outdoor living room for sunset soirées, intimate dinners, and skyline views of downtown Clearwater Beach. The design provides all the privacy, scale, and attributes of a private beachfront residence—without any of the maintenance, upkeep, or operational work. Enhancing this extraordinary setting even further is direct private beach access via your own architectural staircase, leading straight from the expansive terrace to the pristine, sugar-white sands of Sand Key. Step from your private retreat onto the shoreline with complete privacy and ease. Set within the guard-gated enclave of Ultimar I, residents enjoy resort-style amenities, including three heated pools, Har-Tru tennis and pickleball courts, a state-of-the-art fitness center with steam and sauna, and beautifully landscaped grounds with a fire pit, putting green, croquet lawn, and grilling areas. Sand Key delivers serene exclusivity and peaceful beachfront living at its finest. This is a true “one-of-one” opportunity—combining the building’s largest private outdoor footprint, rare high ceilings, direct private beach staircase access, and single-developer ownership in a setting designed for effortless coastal living and entertaining at the highest level.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,700,000
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 | $2,160,000 | $2,160,000 | $2,160,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.350% | 6.361% | 6.203% |
| Monthly Tax Payment | $677 | $677 | $677 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,950 | $13,299 | $18,227 |
| Total Monthly Payment | $13,752 | $14,101 | $19,029 |
* 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.