NEW TILE ROOF Installed September, 2024! Welcome to Award Winning University Park! Beyond the gated entry, nestled in Stanhope Gate, you'll discover this custom Lakefront beauty with picturesque Lake views from almost every room! Impeccable 3 Bedroom plus Bonus Room/Office; 3 Bath pool home. The double french door entry invites you to explore this spacious, casual elegant, light and bright open floor plan with volume ceilings; crown molding; tile and wood floors throughout. Every detail showing pride of ownership. The chef's dream kitchen offers granite countertops; center island; breakfast bar; 2 pantries; updated stainless appliances including gas range; adjoining eating area with aquarium window overlooking the pool; and custom dry bar with wine rack. Family room features a custom built in wall with wall mount TV and gas log fireplace. Spacious formal living and dining rooms. Retreat to the separate owner's en-suite with cozy bay window extension; two creative walk in closets; and extra large master bath with separate vanities; large soaking tub; and glass block accented walk in shower. Split bedroom plan with adjoining baths will accommodate visiting family and friends. The rear Bonus room/office enjoys gorgeous lake views and sliders to the covered pool area. Entertaining is a joy in the spacious screened and covered pool area featuring a paver deck; heated pool and spa; accent cage lighting; outdoor grill kitchen with bar refrigerator, granite counter bar area, eating area, wall mount TV and tranquil lake views. Spacious 2 car garage offers extra refrigerator; built in storage and shelving; new 2022 AC; and Tankless Hot water heater. This master planned; resident owned community boasts an array of amenities: 27 holes of golf; Har-Tru tennis; Pickleball courts; Fitness center; Croquet; Tree lined and lushly landscaped streets perfect for walking or biking; Clubhouse; Dining options and wide range of social activities. Community requires a yearly minimum social membership. Conveniently located to downtown Sarasota; Cultural arts; Shopping and dining. 15 minutes to the Beaches, St. Armand's Circle, Ringling Museum and more. One Visit and you will agree this is definitely award winning! Owner's have moved; ready for immediate occupancy.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,172,500
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 | $938,000 | $938,000 | $938,000 |
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% | 6.864% | 6.810% |
Monthly Tax Payment | $1,070 | $1,070 | $1,070 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,006 | $6,084 | $8,236 |
Total Monthly Payment | $7,201 | $7,279 | $9,431 |
* 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.