Looking for a great waterfront home not in a flood zone? Look no further than this stunning Coral Cove home. This property had no water intrusion during the recent hurricanes and is ready for immediate occupancy. Perfectly situated on a spacious corner lot in the highly desirable waterfront community of Coral Cove, this exquisite West Indies-style home is a true gem. Impeccably remodeled, this residence combines luxury and comfort in every detail. This home experienced a major renovation from 1999 to 2004 and again by the current owners in 2023 and 2024, resulting in an effective year built of 2009. As you arrive, the long circular drive, lush landscaping, Bahamian-style shutters, and new metal roof create an impressive first impression, setting the tone for the elegance that awaits inside. Step into a world of space and tranquility, where high ceilings, generous room sizes, and abundant natural light create a welcoming atmosphere. Completely remodeled by the current owners, this home boasts new impact-rated windows and doors, a new boat dock, solid core shaker-style interior doors, engineered hardwood floors, stone countertops, custom organized closets, a stunning kitchen, and all new bathrooms. The kitchen, at the heart of the home, is open to the adjacent family room and includes white soft-close cabinetry, Dolomite countertops, backsplash, peninsula with counter-height seating and waterfall edge, walk-in pantry, and top-of-the-line white and gold Cafe Series appliances. The family room features sliding door access to the back patio, showcasing a large pool and newer limestone pool deck. The primary suite, located on the upper level, features a spa-like bathroom and an extra-large walk-in closet. A secondary primary suite on the main living level offers an ensuite bathroom and an adjacent office/fourth bedroom. An additional bedroom and bathroom are also located on the second level. Every aspect of this residence has been thoughtfully designed to provide the ultimate in style and functionality. The backyard is an oasis beyond the pool deck, featuring an expansive lawn, lush landscaping—including large mango and avocado trees, a boat dock, and a floating jet ski pad. Additionally, this home is situated across the street from the private neighborhood park and boat launch. All this and just minutes from Siesta Key and its world-famous beaches, shopping, dining, and all that living in Sarasota has to offer. Experience the epitome of luxurious waterfront living in one of Sarasota’s “West of Trail” neighborhood, Coral Cove.
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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 | $2,792,000 | $2,792,000 | $2,792,000 |
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 | $1,735 | $1,735 | $1,735 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,877 | $18,109 | $24,514 |
Total Monthly Payment | $19,737 | $19,969 | $26,374 |
* 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.