Welcome to unit 1003 at Bay Plaza, where breathtaking bay views are part of your daily life and everything in Downtown Sarasota is at your fingertips. This 2-bedroom, 2-bathroom residence boasts expansive water views, offering a picturesque backdrop of Sarasota Bay, Marina Jack, and the iconic Ringling Bridge. The split bedroom floorplan offers privacy and plenty of living space. With two balconies overlooking the water, you will enjoy countless sunsets and tranquil water views. This unit offers a shared dining and living room overlooked by the kitchen, along with an additional den space that is currently being used as an office. In the kitchen there is plenty of cabinetry, a breakfast bar, and a beverage fridge in addition to your standard appliances. The primary suite hosts a private balcony, large walk-in closet with built-in shelving, and dual sink ensuite bathroom. There are multiple storage closets throughout the unit, along with an additional exterior storage area located in the downstairs of the building. The brand new hurricane impact windows and sliding glass doors will allow you to enjoy the serenity of your surroundings while ensuring peace of mind during stormy weather. There is fresh paint throughout the main living areas and bedrooms of this unit to provide an easy transition into your new home. Bay Plaza's amenities truly elevate your lifestyle and provide ease in your everyday activities. Enjoy the luxury of 24-hour concierge service and valet parking, dive into the inviting pool or have a workout in the well-equipped fitness room, complete with saunas and steam rooms for ultimate relaxation. The common areas are perfect for social gatherings, and the on-site library offers a quiet escape for reading enthusiasts. Location is everything, and this condo boasts exceptional walkability to all that downtown Sarasota has to offer. Explore vibrant dining, shopping, and cultural attractions just moments from your doorstep. Plus, a quick drive takes you to the stunning beaches of Lido Key, and St. Armands Circle, where sun, surf, shopping, and dining await. Don’t miss this opportunity to own a slice of paradise in Downtown Sarasota and experience the perfect blend of luxury, convenience, and coastal living—schedule your private showing today!
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$1,400,000
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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 | $1,120,000 | $1,120,000 | $1,120,000 |
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 | $871 | $871 | $871 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,264 | $7,264 | $9,911 |
Total Monthly Payment | $8,260 | $8,260 | $10,907 |
* 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.