Indulge in the mesmerizing vistas of both sunrises illuminating the John Ringling Bridge and spectacular sunsets, from your exclusive Penthouse overlooking Sarasota Bay. This opulent residence encompasses the entire upper level of Alta Mer, providing unparalleled views of downtown Sarasota, the bay, and beyond! Step directly into your sanctuary as the elevator opens into this luxurious abode with three bedrooms en-suite, a gourmet kitchen, five private balconies, a two-car garage, a private boat slip and dock access, a fitness area, and a generous pool with spa beckoning discerning residents. This is living at its most exclusive, where every detail speaks of luxury and refinement. Alta Mer is a secluded and intimate boutique community comprising only six units, situated just beyond downtown Sarasota and nestled at the foot of the iconic John Ringling Bridge. This location epitomizes prestige, with sidewalks lined by mature foliage winding along quaint, brick-paved streets, creating an ambiance of sophisticated intimacy. Live walking distance to downtown and St. Armands Circle yet be set apart in an exclusively residential community. Oriented towards the west, residents are treated to daily spectacles of sunsets over the bay and the John Ringling Bridge, ensuring every moment at Alta Mer is a visual feast. This luxury penthouse condominium embodies the timeless real estate adage of "location, location, location. " Enjoy the tranquility of island life while mere moments away from the vibrant Arts and Theater district and the bustling heart of downtown Sarasota. Equally close is the allure of St Armands Circle and Lido Beach, offering endless possibilities for recreation and relaxation. Don't miss your chance to reside in this exceptional neighborhood, where every day promises breathtaking water views and enjoy a luxurious lifestyle!
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,525,000
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 | $2,820,000 | $2,820,000 | $2,820,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.826% | 6.936% |
Monthly Tax Payment | $1,640 | $1,640 | $1,640 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $18,290 | $18,290 | $24,954 |
Total Monthly Payment | $20,055 | $20,055 | $26,719 |
* 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.