Welcome to 328 Monroe Drive- This spacious one story home offers luxury and coastal living with the most unique and relaxing pool on the island. The home was built in 2020 on a sprawling double lot, a 14, 875 SqFt property. This rare 8 bedroom/ 8 bathroom home spans just shy of 4, 000 SqFt, can be used a high income producing weekly vacation rental, and is being offered fully furnished. As you step inside, you will notice the impressive entryway and the brightness of natural light filling the open floor plan. The gourmet kitchen is a culinary enthusiast's dream with its spacious layout, natural light, premium appliances, and double ovens for an epicurean delight. The primary bedroom ensures a pampered experience with its stunning ensuite and walk-in closets. Additional comforts are its romantic fireplace and high vaulted ceilings, which provide a beautiful touch to the interiors. Outside, the property offers a bespoke outdoor lifestyle with a large yard, custom luxury swimming pool including barstool and island seating, a large covered back patio and outdoor kitchen for entertaining, and a hot tub - turning weekends into a vacation. Additionally, the home is nestled in a highly popular neighborhood, within a very short stroll to world renowned shopping and dining at Saint Armands Circle , walking distance to Lido Key Beaches, adding to the convenience of luxury living. This single-story home is a blend of luxury, comfort, and compatibility with modern finishes, making it a truly unique property. Immerse yourself in the allure of Sarasota's spectacular landscapes right from the comfort of your home. Seize this fantastic opportunity to call this splendid home yours.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,949,000
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 | $3,159,200 | $3,159,200 | $3,159,200 |
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 | $4,542 | $4,542 | $4,542 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $20,229 | $20,491 | $27,738 |
Total Monthly Payment | $24,896 | $25,158 | $32,405 |
* 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.