This FEMA conforming, waterfront estate, priced below appraisal came through the 2024 storm season with flying colors! Although it was built in 1999, it was designed in excess of code due to the original builder’s prescience and an abundance of caution. If you want to live on the beautiful shores of Sarasota Bay but desire the security of an elevated concrete structure on deep pilings, then this might be the place for you. The location is what makes Villa di Amore so special. Come and see for yourself how to escape the lower elevations, crowds and traffic on the barrier islands but still be on Sarasota Bay just minutes to all the amenities our vibrant community has to offer, by land or sea! 270-degree views of open water extend for miles taking in Lido and Longboat Key. You can even see New Pass which leads to the Gulf of Mexico just minutes away by water. This home has a great room with a soaring 24-foot ceiling allowing light to stream in from all angles through tall windows with high transoms creating almost complete walls of glass. The “caterers” kitchen includes twin Dacor four-burner gas ranges with a stainless vent hood, two warming drawers, two KitchenAid dishwashers and a French door Sub-Zero 650 refrigerator and freezer. The kitchen overlooks a combination dining & family room which shares unobstructed bay views and opens to a large terrace for indoor/outdoor living. An elevator serves all levels and leads to the 2, 200 square foot Owner's suite complete with a sitting room, fireplace, bayfront balcony, his & her walk in closets and a resort quality bath with a walk-in rain-shower and separate pedestal tub. Two additional bedrooms, mirroring the first-floor west wing and a 200-bottle temperature-controlled wine room are also on the second level. Outdoors, there is a newer pool with a unique, grotto styled lounging shelf and gas heated spa. This area is perfect for all day entertaining with a custom designed, live edge, wood bar. There is a private, bayfront dock providing easy access to every waterfront dining venue in town, the Dry Dock and Shore on Longboat Key, Marina Jacks in downtown Sarasota or even the salty vibes of Cortez Village. All of these are within easy reach and no fixed bridges allows for sailboats and variety of other watercraft. Villa di Amore, with almost 7, 000 square feet of living area also has 2, 300 square feet of elegant terraces, a 4-car garage and all the recreational amenities you need for a full Florida lifestyle in this highly desirable Sarasota neighborhood. Live here amidst Sarasota's most significant cultural & educational institutions and you're only 2 miles north of downtown Sarasota, a 12-minute drive to St. Armands Circle and the beaches of Lido and Longboat Key and an equal distance to University Parkway anchored on the west by SRQ International Airport and the UTC shopping district and I75 on the east.
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$7,450,000
William Raveis Real Estate
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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 | $5,960,000 | $5,960,000 | $5,960,000 |
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 | 7.333% | 6.876% | 6.936% |
Monthly Tax Payment | $3,425 | $3,425 | $3,425 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $38,656 | $38,656 | $52,741 |
Total Monthly Payment | $42,206 | $42,206 | $56,291 |
* 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.