Enjoy remarkable Sarasota Bay views out your large private lanai on this 5th floor unit in the desirable Palm Place. Owners have waited years specifically for this column location within the complex, as it offers prime aerial sights of downtown along with horizon views of Siesta Key, Lido Key and Longboat key. This large 2 bed unit offers more than views out the hurricane rated slider, as it's ideal location provides quick access to Marina Jack's and Bayfront Park, a waterfront green space with a promenade, refreshed playground, tiki bar & views of the bay & city. Tree lined Main St is also just a few blocks away with everything from a coffee shop to high end dining. The unit has been freshly painted with a neutral canvas, allowing you to add your personal coastal touches. The large dining area is open concept to the kitchen allowing the ability to entertain guests with ease. Some owners have even converted the dining area to a flex space for a day bed or work from home office if that suits you better. The in-unit laundry is a nice addition as well! The primary bedroom is equipped with a large ensuite and the guest bath is spacious too. The offer price leaves room to get a great deal yet still a nice budget for modern modifications as you see fit. Don't forget, the complimentary Sarasota Bayrunner Trolley connects downtown, the bay and the beach with a trolley stop near the complex. It's a great way to leave the stress of parking behind and get access to the beach, the keys, St. Armands and The Legacy trail. Selby Gardens is right next door and offers a great way to connect with nature's beauty right on the bayfront. It's easy to get out on the water too as multiple boat rental companies operate right across the street and offer jet skis, pontoons, center consoles and more. Looking to stay in? The complex features covered and assigned parking, as well as a heated pool and storage locker for all of your beach accessories. Palm Place is a gated boutique-style building with elevators and offers an on-site building manager weekdays too! Schedule your showing today!
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William Raveis Mortgage, LLC
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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 | $636,000 | $636,000 | $636,000 |
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 | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $697 | $697 | $697 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,864 | $3,864 | $5,026 |
Total Monthly Payment | $4,653 | $4,653 | $5,815 |
* 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.