Welcome to resort-style living located behind the gates of Fairway Bay in one of Longboat Key’s most sought after world class communities. The Atrium provides a tropical care-free lifestyle and unmatched excellence in amenities. Upon entering the residence, all eyes are focused through walls of glass onto the 180 degree views of Sarasota Bay and the Sarasota city skyline. This residence boasts floor to ceiling sliders that accentuate the natural light optimize the views which are prominent from the great room, kitchen, and primary bedroom suite. Being offered turnkey furnished, this 3 bedroom 2 bathroom Mangrove split floor plan has over 2100 sf under air and 250 sf of balcony. Total privacy in each suite is a great feature of this floor plan. The kitchen offers an abundance of space with a desk planning area. The primary suite is spacious and with a wall of sliders to the terrace, beautiful views and features a bath with dual vanities, spa tub and walk-in shower. The in-residence laundry room is conveniently located near the primary suite. There are endless possibilities as you add your own personal touches throughout the residence. Enjoy walkdown access to the tropical grounds, shell walking paths and lush, tranquil bay waters just beyond your back doorstep. Great news is that there are under-building 2 parking spaces and storage included in the sale. Fairway Bay offers a heated pool, fitness center, exercise room, and tennis & pickleball courts as well as a kayak launch. You will also enjoy membership in the Bay Isles Beach Club allowing you deeded beach access with parking as well as showers and rest rooms. Longboat Key Golf & Tennis Country Club memberships and deep water slips are available.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,050,000
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 | $840,000 | $840,000 | $840,000 |
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 | $729 | $729 | $729 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,379 | $5,448 | $7,375 |
Total Monthly Payment | $6,233 | $6,302 | $8,229 |
* 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.