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Introducing 4866 Commonwealth Drive—where modern architecture, island living, breath-taking sunsets and boating are a part of everyday life! This 3 bedroom, 3. 5 bathroom home sits on the Grand Canal on Siesta Key; with NO HOA Fees--just minutes from the intracoastal waterway, Gulf of Mexico, and Siesta Key village. Upon entering the home, you are greeted by an abundance of natural light that floods the open-concept living area. The 1, 200 sqft European style kitchen opens to outdoor living area and saltwater pool. The full wall of glass sliders creates a seamless transition between interior and expansive outdoor space—the perfect place to entertain guests. The large primary suite has an outdoor sitting area and balcony overlooking the Grand Canal, along with a large soaking tub and walk in shower. A few unique features of this home include: hurricane impact windows/doors, 3 stop elevator, high ceilings and oversized two car garage, Tesla charging station, automated custom European window treatments, central vacuum system, and new 10, 000 lb boat lift and dock. Dock was built to fit a 27' boat. This home is only 4 years old and has been built to be energy efficient and low overall operating costs. No HOA fees and lower HOI/Flood Premium!
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,875,000
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
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,300,000 | $2,300,000 | $2,300,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.000% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.838% | 7.141% | 7.082% |
Monthly Tax Payment | $1,451 | $1,451 | $1,451 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,496 | $15,302 | $20,513 |
Total Monthly Payment | $17,072 | $16,878 | $22,089 |
* 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.