STORM RESISTANT Waterfront Residence on Casey Key, one of the most exclusive barrier islands on Florida’s West Coast! Looking for a waterfront residence MOVE-IN READY, with a deep-water dock, completely unaffected by the recent storms; & located on a magical Island that has no high rises, no traffic jams, exclusivity, resident-owned beaches, privacy, great medical, dining, and shopping, all extremely convenient? This Casey Key estate with over 4300 square feet of living space offers a rare combination of privacy & location, with stunning views of Little Sarasota Bay, a 10-foot-wide deeded easement to a pristine large beach & the Gulf of Mexico, where you can enjoy miles of quiet shoreline. Designed to capture the essence of Coastal Florida living, the home features a light & airy Open Concept Living floor plan, 18-foot vaulted Epi wood beam ceilings, double-sided stone fireplace, travertine marble floors, custom stonework, 4 bedrooms & 3. 5 bathrooms. Enjoy 180 degree waterfront views while overlooking the pool, spill-over spa, & newly added Epi wood deck. The expansive master suite located on the ground floor boasts breathtaking views of Blackburn Bay, large walk-in closets, & jetted garden tub. The two guest rooms, located on the next level up, are spacious & bright with large walk-in closets, each opening to a cozy shared balcony. A boater’s dream, with a steel-roofed covered boat slip with 16K pound lift & a deep-water wet slip. Oversized 2-car garage, plus two driveways with parking for up to 10 additional vehicles, a motorhome, & extra boat or trailer parking. Additionally, another remarkable & rare bonus on the lower level, is the climate controlled 3, 500 plus square feet of storage space. Significant updates, totaling over $500, 000, include full re-plumbing, three new air conditioning units, a new pool deck and refinished pool with all-new equipment, and a steel roof—all completed in 2020. Embracing the island lifestyle, residents relish the warm Gulf breezes by day and breathtaking sunsets at dusk. A favorite transportation choice by residents is often Golf Carts with easy access to nearby tiki bars, restaurants, grocery store, pharmacy and more. The property's strategic location just west of the historic Blackburn Point bridge facilitates excellent proximity to the mainland with top-rated schools, fine dining establishments, Downtown Sarasota, St Armand’s Circle, The Island of Venice, and world-class medical facilities. Notably, Casey Key is the ONLY barrier island in the region with an expressway from Tamiami Trail to I75 creating easy access to all area international airports, plus private air travel options within ten minutes. The allure of this locale is undeniable, as Casey Key Road was recently acclaimed as the most coveted street address nationwide, underscoring the unparalleled status of this magical barrier island. Don't miss the opportunity to own this exclusive Casey Key residence.
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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 | $2,480,000 | $2,480,000 | $2,480,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.851% | 6.704% |
Monthly Tax Payment | $1,398 | $1,398 | $1,398 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,880 | $16,085 | $21,603 |
Total Monthly Payment | $17,403 | $17,608 | $23,126 |
* 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.