1386 Ranchero DRIVE, Sarasota, FL, 34240 | $1,975,000

RARE OPPORTUNITY!!! Let your dreams run wild on this nearly 6 acres tranquil estate near the heart of the city.

A combined square footage of 4, 670+ square feet of multi-purpose buildings and living space including a 1, 074 Sq Ft Barn, 1, 800 Sq Ft shop/storage building and 1, 796 Sq Ft single level ranch house.

Build your dream home here! Dual electric meters are already on site, awaiting your dream estate to be built. Turn the original ranch home into a guest home for extended family or rent it out for additional income.

((Seller is offering $100k credit at closing to remodel the home’s interior, designed to suit the new owner’s personal aesthetic taste. ))


Horse lovers and auto enthusiasts will envy at the well-appointed layout of the property with a completely useable 5. 86 acres. This estate has endless possibilities to suit your needs and dreams.

The property has mature tropical landscaping to ensure privacy including majestic hundred year old oak trees stretching across the property. Green eucalyptus and fuscia colored bougainvillea pop out from the park like forested fields backdrop. Palm trees and the seasonal flowering plants give off a relaxing tropical feel. Many established edible landscaping is located on site as well including tasty Japanese Plum trees, Grapefruit, Orange, Limes, Lemons, Palmetto berries, and a few varieties of Muscadine grape vines.

The original ranch house is located within only one mile to I-75 and directly below Lakewood Ranch Golf and Country Club, in the charming country setting of Pine Valley Estates. The community offers a tranquil lifestyle while being minutes away from the University Town Center Mall & Fine Dining, Nathan Benderson Park, Fruitville Commons Winery and niche restaurants, Downtown Sarasota, Marina Jack’s, Van Wezel Preforming Arts Hall, Marie Selby Botanical Gardens, A Rated Schools, Breathtaking white sandy beaches directly on the Gulf of Mexico, countless fun activities await you in Sarasota!

The quaint old world Florida home has been well maintained. It features a great floor plan with 3 bedrooms, 2 full bathrooms & oversized attached 2 car garage featuring a handy side workshop area. Large family room, high vaulted living room ceilings, screened in lanai overlooking the property, custom koi pond, & a contemporary designed Junior Olympic sized swimming pool just waiting for you to jump in and take a swim! The pool is fully surrounded by an exceptionally large pure thick travertine deck.

For the Equine enthusiast is an impressive custom designed stable, with a large tack room able to accommodate 4 box stalls. (Or additional 2 car parking, and double doors offering additional room to store recreational vehicles, atvs, and a tractor if you so desire)

A safe serene family compound. This is the perfect property to raise a growing family, with plenty of space to accommodate all generations.

The entire property is fully fenced with 3 separate gated driveway entrances. This unique setup of the property allows you to build the home of your dreams. Use the current home as a guest house or rent it out for additional income.

A large storage building suitable for the collector accommodates 11-12 cars or easily double that amount with tall ceilings that can accommodate car lifts. Also ideal for RV and boat storage or to work from home. This parcel is zoned OUE (Open Use Estate). The possibilities are endless in Pine Valley Ranches!

Features

  • Rooms: 7
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Other
  • Year Built: 1978
  • Garage: 1-car Driveway, Garage Door Opener, Workshop in Garage
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,796
  • Acreage: 5.62
  • Est. Taxes: $8,719
  • HOA Fee: $700 Annually
  • Lot Desc: Oversized Lot, Street Dead-End, Zoned for Horses
  • View: Pool, Trees/Woods
  • Pool: Heated, In Ground, Lighting, Salt Water
  • Pet Policy: Yes
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Refrigerator, Washer
  • MLS#: T3518534
  • Days on Market: 27 days
  • Website: https://www.raveis.com
    /eprop/T3518534/1386rancherodrive_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 7/6/2024 12:05:51 PM)
Listing courtesy of LOWEST FEE REALTY LLC   Phone: 813-642-6030

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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1386 Ranchero DRIVE, Sarasota, FL, 34240

$1,975,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $1,580,000 $1,580,000 $1,580,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.875% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.838% 7.002% 6.915%
Monthly Tax Payment $727 $727 $727
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,645 $10,379 $13,982
Total Monthly Payment $11,497 $11,231 $14,834

* 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.