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SIGNIFICANT PRICE REDUCTION makes entry to one of downtown's best addresses more affordable. You have figured out that Sarasota is, in fact, the most unique city in Florida. It has the best beaches, a cultural activity scene that is clearly punching way above its weight, and some of the most exceptional restaurants in the state. While the seasonal crowds may frustrate those of us that live here all year around, they are nowhere near the overwhelming magnitude of those that affect Florida’s larger cities. Maybe you are an artist, a ballerina or an orchestra musician, or a professional serving an interim assignment, or an ‘all work and no play’ medical figure that simply needs a space to call home. But you are on a budget. In any case, you appreciate the downtown vibe: its people, its food, and its proximity to everything that happens here. Studio apartments are a smaller and cost-effective living option versus the alternatives. Studios are a smart choice financially. They are not for everyone. Studio apartments originated in the late 1800s when artists from wealthy families lived in apartments and crafted their art there. These apartments were called "studios" because of the creative inhabitants. Artists built studios in Manhattan, creating a new way of living in the city. Now you can own a fabulous studio unit in the heart of the Rosemary District of downtown Sarasota. Here you will find a carefully considered unit with WHAT YOU NEED: A stainless steel anointed kitchen with granite countertops, ample space, and a large fully tiled shower. While your piece of THE RENAISSANCE is minimal, IT IS AN INCREDIBLE AMENITY-RICH DEVELOPMENT THAT INCLUDES: 24-hour security, a Clubroom, a well-appointed fitness center, theater screening room, two guest suites, a full catering kitchen, sharing library, business center, sitting room, conference room, aerobics room, bicycle storage, a beautiful resort-style heated pool with lap lanes and spa, a sauna, as well as a dedicated service elevator and 3 residential elevators. And you can take advantage of every bit of it at the lowest price point of all the residents. Need a little more space? Details on recorded condo approval to combine adjacent units (Details available on request). Positioned in the heart of the cultural arts district, the residence is directly across from The Bay, an emerging waterfront park offering kayak rentals, scenic walkways, proximity to the Van Wezel performing arts center, and numerous events. The completed park in total will cover 53-acres and be the product of an estimated $175-200 million investment. The first 10-acre phase of the park opened in October 2022. Phase 2 of 4, the next 14-acre $65 million development, began last summer. The Renaissance is a short drive away from the Marina, Selby Gardens, Lido Beach and St. Armand’s Circle.
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:
$299,000
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 | $239,200 | $239,200 | $239,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.841% | 7.159% | 6.518% |
Monthly Tax Payment | $250 | $250 | $250 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,591 | $1,590 | $2,051 |
Total Monthly Payment | $1,916 | $1,915 | $2,376 |
* 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.