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Under Construction. Introducing 1738 7th Street, a brand-new modern luxury residence offering 3, 337 square feet of refined coastal living in downtown Sarasota’s Gillespie Park Neighborhood. This thoughtfully designed 5-bedroom, 3. 5-bath home delivers the privacy of a standalone property with the architectural cohesion of a curated boutique collection. Behind a premium plaster facade and 8-foot hand-crafted black iron impact-rated entry doors, the home opens to an expansive open-concept main level anchored by soaring 21-foot ceilings in the living and dining areas. Floor-to-ceiling vistas overlook a private resort-style pool with glass tile accents, Pebble Tec interior, and an expansive white leathered marble surround. The professional chef's kitchen is built for entertaining, featuring a commercial-grade 48-inch Thor gas range with six sealed burners, integrated griddle, and dual convection ovens. A commanding center island anchors the space, with a 30-inch Karran stainless undermount sink, custom-painted bespoke cabinetry, and signature matte black hardware. The adjacent butler's pantry is a category of its own, with an oversized walk-in, a 64-inch Electrolux refrigerator and freezer column suite, and a built-in Electrolux microwave for a fully integrated prep zone. A dedicated beverage gallery with dual-zone wine refrigeration and a high-capacity ice maker rounds out the hospitality wing. The first-floor primary suite serves as a private sanctuary, overlooking a hedged-in patio with lush green views. The suite includes an adjoining sitting room or home office, a spa-inspired bath with large-format marble tile, an architectural glass-enclosed wet room with deep soaking tub and multi-head shower system, a double-sink vanity in polished nickel, a dedicated water closet, and a massive custom walk-in closet. Upstairs, 10-foot ceilings continue the sense of volume across four generously proportioned guest bedrooms, each with high-profile windows and abundant natural light. Two oversized Jack-and-Jill marble bathrooms feature floor-to-ceiling showers, custom-integrated storage niches, double-sink vanities, and private water closets for ultimate guest comfort. The property also offers the potential for a future detached two-car garage with ADU, providing flexibility for additional living space, a guest suite, or a private studio. Additional highlights include a designer first-floor powder room, dedicated laundry center, 2-zone high-efficiency HVAC, 200-amp electrical service, designer LED recessed lighting throughout, 8-foot black iron French doors for seamless indoor-outdoor flow, weathershed wide-plank flooring, and Benjamin Moore Chantilly Lace interior paint paired with Revere Pewter cabinetry. Exterior touches include a crushed shell driveway and lush landscaping framing the front and rear elevations. Estimated completion September 30, 2026. Renderings are for illustrative purposes only and represent the general design intent; actual construction may vary.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,995,000
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 | $1,596,000 | $1,596,000 | $1,596,000 |
| 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 | 6.362% | 6.385% | 6.223% |
| Monthly Tax Payment | $924 | $924 | $924 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,569 | $9,827 | $13,468 |
| Total Monthly Payment | $10,618 | $10,876 | $14,517 |
* 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.