1081 Tocobaga LANE, Sarasota, FL, 34236 | $3,199,000

Under contract-accepting backup offers. One or more photo(s) has been virtually staged. NOTE: 14' elevation on first living level, AC units at 14. 2' elevation, set up for generator, garages dry, no flooding in Debby, Helene nor Milton! No damage to home either. This home is a fortress built to exceed building standards.

Step into the realm of unparalleled luxury within this meticulously crafted new construction home, the crown jewel of a gated community strategically positioned for the utmost convenience and exclusivity. Located in close proximity to downtown Sarasota's vibrant amenities, including restaurants, theaters, and boutiques, this residence offers not only a home but a lifestyle of unparalleled sophistication.
Proudly bearing the distinction of being the builder's own residence, every facet of this home reflects a commitment to excellence, with each detail meticulously considered and executed to perfection. What truly distinguishes this property is its unparalleled access to two of Sarasota's breathtaking bayfront parks: The Bay, heralded as the city's most dynamic public bayfront park, and Whitaker Gateway Park, a mere stone's throw away. Moreover, residents are privileged to enjoy sunsets from the community day dock where you tie up your vessel for the day or enjoy the hues of dusk as they paint the sky in a breathtaking display of natural beauty. In addition to its enviable location and amenities, this home boasts tremendous value in its features, including five bedrooms, a shimmering pool, rejuvenating spa, and an expansive media/game room primed for entertainment. With a four-car garage, complete with a designated space for toys, this residence seamlessly blends functionality with opulence, catering to the most discerning homeowners. Discover the epitome of craftsmanship and design, where urban sophistication harmonizes with waterfront tranquility. Indulge in the perfect synthesis of modern luxury and coastal allure, as you embrace a lifestyle of unparalleled refinement in this extraordinary residence.

Features

  • Elevator: Y
  • Rooms: 12
  • Bedrooms: 5
  • Baths: 4 full / 2 half
  • Year Built: 2024
  • Garage: 4-car
  • Heating: Central, Electric, Zoned
  • Cooling: Central Air, Zoned
  • Approx Sq. Feet: 4,527
  • Acreage: 0.4
  • Est. Taxes: $5,856
  • HOA Fee: $2,000 Annually
  • Pool: Gunite, Heated, In Ground, Salt Water
  • Pet Policy: Yes
  • Appliances: Cooktop, Dishwasher, Disposal, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Wine Refrigerator
  • MLS#: A4573354
  • Days on Market: 411 days
  • Website: https://www.raveis.com
    /eprop/A4573354/1081tocobagalane_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/22/2024 12:29:38 AM)
Listing courtesy of RE/MAX ALLIANCE GROUP   Phone: 941-954-5454

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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1081 Tocobaga LANE, Sarasota, FL, 34236

$3,199,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $2,559,200 $2,559,200 $2,559,200
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 $488 $488 $488
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $16,387 $16,599 $22,470
Total Monthly Payment $17,000 $17,212 $23,083

* 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.