988 Blvd Of The Arts, #311, Sarasota, FL, 34236 | $1,295,000

One or more photo(s) has been virtually staged. Direct Bayfront urban living in the heart of Sarasota at Condo on the Bay. This fully renovated 2 bed/2 bath residence features beautiful panoramic views of the Sarasota Bayfront with breathtaking sunsets and the Ringling Bridge. As you step into the inviting Great Room, you'll be greeted by a wall of impact glass floor-to-ceiling sliding doors that seamlessly blend the outdoors in, opening to a spacious screened balcony overlooking the one of two residents pools, just steps from one of the communities long piers and boat slips. Interior features include White Oak engineered hardwood flooring flowing throughout the main living space, complemented by custom built-in cabinetry and a dry bar with a wine refrigerator for easy entertaining. A chef’s delight, the modern kitchen features Elite Woodwork of Sarasota cabinetry, stainless steel appliances including an induction cooktop and built-in wall oven and microwave, quartz countertops, Walnut wood backsplash, built-in pantry, and breakfast bar for casual dining. A conveniently located laundry closet with full-size stackable front-loading washer and dryer completes the kitchen. A true oasis, the master suite has serene water views, remote controlled Hunter Douglas shades, and plenty of storage space with a large walk-in customized closet plus a full wall of built-in cabinetry. The updated en-suite bathroom features dual floating vanities, modern floor-to-ceiling tile, a walk-in shower with frameless glass enclosure and multiple shower heads. The generously sized secondary bedroom boasts double built-in closets and a secondary bathroom with a floating vanity, walk-in shower with a frameless glass enclosure, and a built-in linen closet. New Ruud A/C in March 2023. Set directly on Sarasota Bay, the highly sought after community of Condo on the Bay offers a lifestyle of sophistication and serenity. A range of amenities include staffed 24-hour security gated guardhouse, “sky lobbies” located on a number of floors throughout, two resort-style pools overlooking the bay, two fitness centers, tennis courts, pickleball courts, concierge services and boat/kayak docks with a fishing pier. This pet-friendly Tower II residence includes one assigned under-building parking space with secure access and storage. Just steps away from Sarasota Bay Park and the vibrant culture and arts scene of Downtown Sarasota, world-class dining, shopping and entertainment. A short drive to St. Armand’s Circle and Lido Beach. There’s nothing left to do but move in and start living your best bayfront lifestyle on Florida’s Gulf Coast.

Features

  • Elevator: Y
  • Heating: Central
  • Cooling: Central Air
  • Levels: 1
  • Amenities: Pool
  • Rooms: 8
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Laundry Closet
  • Complex: CONDO ON THE BAY TOWER II
  • Year Built: 1982
  • Approx Sq. Feet: 1,555
  • Est. Taxes: $6,346
  • Condo Fee: $2,593 Quarterly
  • View: Pool, Water
  • Elem. School: Alta Vista Elementary
  • Middle School: Booker Middle
  • High School: Booker High
  • Pet Policy: Cats OK, Dogs OK, Number Limit, Size Limit, Yes
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Dryer, Exhaust Fan, Microwave, Refrigerator, Washer, Wine Refrigerator
  • MLS#: A4607057
  • Days on Market: 25 days
  • Website: https://www.raveis.com
    /prop/A4607057/988blvdofthearts_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 6/2/2024 4:53:30 AM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-951-6660

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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988 Blvd Of The Arts, #311, Sarasota, FL, 34236

$1,295,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $1,036,000 $1,036,000 $1,036,000
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 7.851% 7.128% 7.061%
Monthly Tax Payment $529 $529 $529
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,980 $6,893 $9,240
Total Monthly Payment $7,634 $7,547 $9,894

* 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.