This stunning custom designed waterfront double penthouse unit in The Strand of Sarasota is a TRUE gem: Meticulously planned pre construction by seller into a spacious one of only a handful of double units in The Strand. Multiple upgrades include motorized Hunter Douglas blinds on sliders and windows, LG induction range, LG vented microwave, LG super quiet dishwasher, designer barn wood siding wall treatments, ceiling fans and kitchen, dining room and bath lighting, custom closet built-ins, oversized terrace overlooking boat docks and Sarasota Bay/sunsets, 2 adjacent garage parking spaces, 2 adjacent storage spaces, and being sold with tasteful newer furnishings, this unit has never been rented out. There are 2-bedroom ensuites with custom ceiling fans, an additional half bath, inside laundry with 2 LG front loading washers and dryers, and an open floor dining/living space for entertaining. The Strand was completed in 2022 with impact rated windows and 9 foot sliders, is a lovely gated community comprised of 152 units, 2 buildings and 47 boat slips offering worldclass amenities: resort style heated pool, spa, fitness center, kayak storage and kayak launch, dog park, 2 large dog allowance, great for investors with 1 week minimum lease period, electric car charging stations, fire pit, gas grills, full time on site management, a proactive BOD, and tons of additional guest parking. Close to downtown Sarasota's and St. Armand's arts and culture, restaurants and boutiques, just over 1 mile distance is The Bay, Marina Jack and so much more! With an option to purchase boat slip #38 with 16, 000-pound lift measuring 15ft 8in wide by 40ft long for $145, 000 additionally, you can enjoy the full waterfront living experience. You can view your boat slip right from your private terrace. Incredible value you must see for yourself!
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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 | $1,036,000 | $1,036,000 | $1,036,000 |
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% | 6.876% | 6.725% |
Monthly Tax Payment | $973 | $973 | $973 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,634 | $6,719 | $9,025 |
Total Monthly Payment | $7,732 | $7,817 | $10,123 |
* 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.