One or more photo(s) has been virtually staged. Imagine the perfect island getaway with gorgeous water views, just a short walk away from Siesta Beach. Positioned on the first floor of Summer Cove, this pristine three-bedroom condominium overlooks Sarasota’s sparkling Intracoastal waterway. The home’s unique setting includes not only a private elevator entry but a private staircase leading directly from your terrace to the scenic pool area and waterfront. Kick off your sandals in the spacious living room, with high, tray ceilings and sliding glass doors to the view, connecting you to the terrace and delightful sea breezes. The kitchen includes a breakfast bar, stainless steel appliances, granite countertops, and plenty of cabinets for storage. The primary bedroom boasts water views, access to the terrace, and features an en-suite bathroom with soaking tub, separate walk-in shower, and dual sinks. Host visitors with two additional bedrooms or use one as your personal yoga/music/art studio. A separate laundry room includes built-in cabinets and a sink. A refreshing swim in the Gulf or an evening in the clubhouse is just a quick stroll away. For architecture lovers, the Summerhouse clubhouse is an iconic addition to the Sarasota School of Architecture by esteemed architect Carl Abbott. You’ll also cherish the community amenities including heated pool, deluxe fitness center, kayak launch, and deeded beach access. The property comes with full time on-site management, two secured assigned parking spaces with storage in the parking garage. Take a trip to the mainland and downtown Sarasota – just a short drive away – for epicurean dining experiences and world-class arts and culture. Find out why Sarasota has been named the A Favorite Beach Town, the Cultural Capital of Florida, and No. 1 Place to Retire, time and time again.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,525,000
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 | $1,220,000 | $1,220,000 | $1,220,000 |
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 | $823 | $823 | $823 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,812 | $7,913 | $10,712 |
Total Monthly Payment | $8,760 | $8,861 | $11,660 |
* 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.