One or more photo(s) has been virtually staged. Pre-Construction. To be built. Are you dreaming of the perfect downtown location to be close to everything Sarasota, with its amazing arts and cultural district, culinary delights, walk to the farmers market and the John Ringling Bridge and the new 53-acre public park right on Sarasota’s bayfront? Well, this is it! In the hot Rosemary District, you will find Collage on 5th, a boutique, contemporary new development offering just seven unique residences. This spacious penthouse residence is located on the fourth and fifth floors and offers 3, 135 HVAC square feet of new construction on 5th Street between Central Avenue and Lemon Avenue, plus 646 square feet of terraces equals a total of 3, 781 square feet. On your spacious terrace off the living room, you can soak in an optional above-ground 10-by-5-foot pool. The luxurious first floor of 1, 675 square feet offers two bedrooms, two full baths of unique European design, a terrace off each bedroom, an elevator, high ceilings, tons of storage, impact glass and an amazing chef’s kitchen featuring a wall of ovens, refrigerator, built-in pantry, plus a huge entertainment island with room for five-plus bar stools, all open to the spacious 405-square-foot dining room and living room. Take the stairs to access your 1, 460-square-foot loft area with another large entertainment room perfect for lounging, plus a master suite, spacious office, fourth bedroom, plus two more full baths and two additional terraces to enjoy the perfect Florida weather. This stunning contemporary design features two parking spaces each, just for the two top-floor penthouses in the under-building secure garage with alley access. Designer features include hard surface flooring, 8-foot doors, energy-efficient systems, recessed lighting, custom, contemporary European cabinetry with solid surface quartz countertops, under-cabinet lighting and an all stainless steel appliance package. Reservations are being accepted until condominium documents are state-approved. Don’t waste any time and contact agent for your own private showing today.
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Our Executive Mortgage Banker:
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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 | $2,506,560 | $2,506,560 | $2,506,560 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.333% | 6.876% | 6.936% |
Monthly Tax Payment | $619 | $619 | $619 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $16,258 | $16,258 | $22,181 |
Total Monthly Payment | $17,002 | $17,002 | $22,925 |
* 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.