Look no further as the recently completed 1, 332 sf waterfront penthouse in The Strand is finally here, offering the perfect combination of new construction with designer upgrades, great water view and direct access to the Bay, gated neighborhood, five-star amenities, and fantastic proximity to Downtown Sarasota and beaches! Brand new, 5th floor, end unit, 1 bedroom plus den, 2 full bath residence with views of the sparkling Bay and canal, 126 sf oversized terrace. Perfect as a primary or secondary home, or investment property where weekly rentals are permitted. Welcome to The Strand, brought to life by renowned architectural firm HOYT, and award-winning interior design firm JKL Design Group. Master the culinary arts in your chef's kitchen with stainless Samsung appliances, upgraded tile backsplash, soft grey cabinetry, and glistening quartz countertops and generously sized center island. The oversized main living space floods with natural light and affords stunning water views through 9' hurricane-rated sliding glass doors. This smartly designed home boasts 1 owners suite plus a spacious den with closet perfect for an office with murphy bed, 2 full baths with quartz vanities, plus custom closets, high-end lighting, designer ceiling fans, and custom blinds. Convenient in-unit laundry room with Samsung washer and dryer, 1 under building assigned parking space, and private secure storage. Resort style amenities are fantastic including heated swimming pool/spa, fitness center, gas fire pit and grills, electric car charging stations, dog park, boardwalk, and kayak launch & storage. In addition to the fabulous surroundings and culture of Downtown Sarasota, you can enjoy the restaurants, cafes and bars that are just a stone’s throw away from The Strand. Make the most of the azure water and explore the top-rated beaches and bays. Sarasota was named one of the best places to live in the Country by U. S. News & World Report in the 2022 annual rankings which ranked Sarasota #9, making it the only Florida city to land in the Top 10. Make this exceptional residence, community and city your home today.
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Our Executive Mortgage Banker:
Our Insurance Division:
$895,000
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 | $716,000 | $716,000 | $716,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $208 | $208 | $208 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,585 | $4,644 | $6,286 |
Total Monthly Payment | $4,885 | $4,944 | $6,586 |
* 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.