Under contract-accepting backup offers. Coastal Luxury on Siesta Key. This three-bedroom, three-and-a-half bath condominium is located in the renowned and distinguished gated community of Summer Cove. This spacious residence lives like a single-family home and includes private beach access across the street to the world-famous white quartz sugar sands of Siesta Key Beach on the beautiful azure waters of the Gulf of Mexico. The nearly 2, 500 sq. ft. Arcadia model features an open concept floor plan designed for entertaining, the large living and dining areas flow seamlessly to the updated gourmet Island kitchen which features a pantry, wood cabinetry with custom pull-outs, quartz countertops, built-in Wolf oven, Bosh induction cooktop, hood and dishwasher, stainless steel appliances, LED pendant lighting and a separate service bar. Enjoy stunning panoramic views of the Intracoastal waterway to Downtown Sarasota and the mainland from this 7th floor end unit with expansive terraces and open living areas through sliding impact glass doors and windows on every exterior wall. Watch the Sunrise in the East and the Sunset in the West as there are 180 degree views. The primary bedroom opens to a private terrace with a wall of sliding glass doors, two large walk-in closets with custom built-in’s and a spacious en-suite bath with granite counter top, dual sinks, soaking tub w/jets, a separate shower and LED lights. Two additional guest suites with private baths and walk-in closets are thoughtfully located at the opposite end of the residence for complete privacy with access to a terrace with partial gulf views and sunsets. One of the bedrooms is currently used as a home office. The large laundry room features a LG washer and dryer, large sink with cabinets, additional wall storage cabinets and an iron-away, a door to the private service elevator is located in the laundry room. Additional features include a half bath, 3 private terraces, Hunter Douglas custom window treatments, California closets, tray ceilings, crown molding, fans and water softeners in the building. From the secure lobby entrance, the elevator delivers you to your private foyer entrance. There is also a service elevator to the unit from the lobby. Two assigned premium parking spaces in the secure garage are included, private storage cage and additional storage for bicycles, kayaks available in the garage. Summer Cove is a private gated amenity filled community for an active lifestyle on 3. 5 lush acres nestled in a canopy of majestic oaks, mature landscaping and lawn on the Intra-Coastal Waterway. The clubhouse was designed by world-renowned architect Carl Abbott in the Sarasota School of Architect style and was (the original home to the Summerhouse Restaurant). It is listed in the historic registry of Sarasota. Amenities include a fully equipped fitness center, large gathering room, media room, card room, billiard room and kitchen. There is easy access to the bay front resort-style pool and spa with a grilling area and ice machine. On the bay front-ICW there is a pier with hydraulic lift for Kayak, Paddleboard and Canoe launching. A Pet-friendly community, two pets are permitted with no weight limit. Minutes to Siesta Village, a short drive to downtown Sarasota’s cultural and urban amenities, which include world-class museums, opera, ballet, symphony, theatre, shopping and dining. Enjoy the wonderful Siesta Key Lifestyle! Rarely available and first time on the market for this unit.
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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 | $1,836,000 | $1,836,000 | $1,836,000 |
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% | 6.851% | 6.790% |
Monthly Tax Payment | $941 | $941 | $941 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,756 | $11,908 | $16,120 |
Total Monthly Payment | $12,822 | $12,974 | $17,186 |
* 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.