HUGE PRICE REDUCTION PLUS THE SELLER HAS PREPAID ALL THE 2024 HOA FEES AND SPECIAL ASSESSMENTS IN FULL!!! ALSO THIS COMMUNITY IS ELIGIBLE FOR non-FNMA FINANCING! Entering this cheery and bright water view FURNISHED condo, you are greeted by a gorgeous, unique open floor plan. With gleaming 24” porcelain tile laid on the diagonal and flowing seamlessly throughout the entire home, the living space and views have been maximized to show off the beauty of Sarasota Bay and the Mangrove Preserve. An entire wall has been dedicated to over 30’ of windows. It is truly like having a front row seat to Mother Nature. The floor plan has been reengineered to create an open and airy great room and split bedroom plan. The Owner’s Retreat is nestled at the far end of the residence and includes a spacious walk-in closet plus ensuite bathroom with double bowl vanity and custom glass enclosed shower. The Guest Bedroom is tucked away on the other side of the home and can do double duty as a home office or second lounging space. An extra bonus is a fun and creative twin bed sleeping space for the kiddos adjacent to the Owner's Retreat. The home was fully renovated down to the studs in 2016 including new wiring, new plumbing, recessed lighting, new HVAC, Bosch stackable W/D, and PGT hurricane impact, low-E windows. The finishes are tasteful and high quality with espresso cabinetry, granite counters, oil rubbed bronze hardware and stainless appliances. The monthly HOA fee of $1303 includes the cost of your insurances (flood/hurricane/hazard), exterior maintenance, landscaping, CATV, sewer, water, trash, rec facilities and a contribution to the reserves account – great peace of mind knowing this community takes care of itself! The community has also passed its Milestone Integrity Study and is certified for another ten years. For the water enthusiast, there are first come boat slips available for lease and lifts are allowed. Slips are $45/month or $50/month if with an owner supplied lift. Slips can accommodate an up to 30' boat or personal watercraft. Fido and Fifi will love it here also as two pets (max weight of 75 pounds) are allowed, even for tenants. Windward Bay is amenities rich with 3 beach accesses, 2 heated pools (one is good for laps), tennis, pickle ball, fitness center, sauna, bike racks, kayak storage & launches ($35/year), clubhouse, 2 marinas, 2 fish cleaning stations, BBQ grills, fire pit, outdoor dining tables, 1/2 mile of walking paths and on-site professional management. FOR THOSE SEEKING RENTAL INCOME, THIS COMMUNITY IS A RELIABLE PRODUCER DUE TO ITS LOCATION AND AMENITIES. RENTALS ARE ALLOWED IMMEDIATELY UPON OWNERSHIP WITH A ONE MONTH MINIMUM LEASE UP TO TWICE PER YEAR. When you want to explore outside this oasis, Windward Bay has easy access to the restaurants, cultural events and shopping of downtown Sarasota and St. Armands Circle along with professional marinas and championship golf nearby.
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Our Executive Mortgage Banker:
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$749,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $599,200 | $599,200 | $599,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.398% | 6.273% | 5.248% |
Monthly Tax Payment | $842 | $842 | $842 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,641 | $3,641 | $4,735 |
Total Monthly Payment | $4,575 | $4,575 | $5,669 |
* 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.