Where downtown Sarasota meets the bay. . this 12th floor unit has stunning views over Longboat Key to the Gulf of Mexico. Located on a gated 9 acre peninsula, it is direct waterfront. No one will ever build in front of it and block your views of the bay & sunsets. The kitchen was opened to the living area which then opens to your lanai to increase your entertainment space. The kitchen boasts cherry cabinets, granite counters and a sleek Bosch refrigerator (2020). Wraparound windows give you a non stop sun washed view. The huge primary ensuite is currently being used as an office/guest space and the room usually used as a guest room is being utilized as the primary suite. The two baths were combined to create a spa like retreat yet are separated by a pocket door. It has all the features of 2 separate baths. One bath has a tub, sink & closet. The other a large walkin shower with sink. They are connected by a dressing area, makeup vanity and another closet. You have not one but two tiled lanais to enjoy; one off the dining area; the other a more private retreat lanai off the primary bedroom. Both sliding doors were updated with hurricane rated doors in 2021. At Condo on the Bay you can have it all. . . . enjoy the conveniences of downtown living and the perks of living waterfront. Walk out your front door to jump on your boat or kayak, fish off the dock or lounge at one of our resort style pools. Take a walk or bike to downtown to enjoy our many restaurants, theatres, art galleries, music, festivals, farmers market. . . Next door is the "Bay Park Sarasota" a 53 acre world class park with walking paths, playground and performing arts center. . Behind the building across the canal is the Ritz Carlton/Hyatt yacht basin which is undergoing a transformation into a shopping/entertaining area. 24 hour security is provided and a concierge is on duty everyday from 8-6. Looking to make friends? there are a variety of organized social activities in this friendly community, from yoga, water aerobics, walking groups, card clubs, get togethers on the sky decks for no reason, etc. Condo on the Bay is located 4 miles from the airport, 2 miles from Lido Beach and Armands Circle & 6 miles from Siesta beach. One year minimuim lease and is offered unfurnished. Since photos were taken all walls have been painted white. tenant pays electric bill; all other utilities included.
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Our Executive Mortgage Banker:
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $3,600 | $3,600 | $3,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $25 | $24 | $30 |
Total Monthly Payment | $100 | $99 | $105 |
* 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.