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One or more photo(s) has been virtually staged. Under Construction. PROJECTED COMPLETION: Nov 1, 2024. • OVER 6, 000 Sq. Ft. of indoor/outdoor living space! 4 BED / 4. 5 BATH (plus office) WATERFRONT LUXURY at its finest. • SIMPLY INCREDIBLE ENTERTAINERS DREAM includes a 1, 000+ Sq. Ft. rooftop terrace with full outdoor kitchen overlooking the Gulf of Mexico; • This MODERN MASTERPIECE developed by ii Miami is the most unique home in Longboat Key, highlighting Arieno Custom Home Design's innovative plan; • CUSTOM BUILT with Tidewater Builders renowned quality craftsmanship; • PANORAMIC VIEWS in 360 of the Gulf, Bayfront Park and Sarasota Bay; • BOATERS PARADISE, new raised seawall & dock steps from your backyard gazebo; • FULL ELEVATOR ACCESS (garage to rooftop); POOLSIDE OASIS, a 640 Sq. Ft. covered pool/spa area for the ultimate in privacy and relaxation; • BEACHFRONT BLISS, only a 410 foot walk to your own private-deeded silky sand beach, complete with beachside pavilion and fresh-water shower; • GREAT ROOM BALCONY with direct beach views; • OPEN CONCEPT LIVING, embrace the open expanse as light pours through the 2-story atrium, drawing you to the Gulf-view great room above; • GOURMET CHEFS KITCHEN with Dacor appliances including over 5 of refrigeration, 48 dual fuel double-oven range, additional bar sink, plentiful storage plus an outdoor gas balcony grill; • WORK-FROM-HOME-HEAVEN with a private second floor office, separate living areas on first and second floor and a backup generator to keep you connected; • HIDDEN GEM located in the sought-after private 40 home neighborhood of Longboat Key Estates; • SERENITY IN NATURE adjacent to the 8. 6 acre Bayfront Park with kayak rentals, pickleball courts and bayside picnic tables; LOCATION, LOCATION, LOCATION, center of Longboat Key, elegant shopping, restaurants, golf, recreation on St. Armands Circle and only 15 minutes to downtown Sarasota; Type the property street address into youtube to learn more about this special property and the wonderful island lifestyle Longboat Key affords its residents. Projected October/November 2024 Delivery Date. PLEASE NOTE that the plans and details for this new home being built are subject to change and may vary from the preliminary information provided here. This includes, but is not limited to, the size, layout, features, finishes, and estimated completion date. We are committed to building beautiful and functional homes that meet the needs and desires of our future homeowners. For the most up-to-date information and to discuss your specific preferences contact your sales professional today! We love to work with buyers during the build process, so that together we can create the home of your dreams.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,950,000
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 | $4,760,000 | $4,760,000 | $4,760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.014% | 7.082% |
Monthly Tax Payment | $1,150 | $1,150 | $1,150 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $32,069 | $31,270 | $42,452 |
Total Monthly Payment | $33,344 | $32,545 | $43,727 |
* 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.