**UNDER APPRAISED VALUE with over $50, 000 in custom upgrades post closing!** Welcome to your dream home in the highly sought-after community of Lorraine Lakes, nestled in the heart of Lakewood Ranch, Florida. This stunning single-story residence is situated on a premium lot that is also on a tranquil cul-de-sac offering breathtaking water vistas and picturesque sunset views that epitomize the essence of Florida living. Step inside this exquisite abode and be greeted by an open-concept design that is tailor-made for entertaining. The expansive kitchen complete with a sizable island and large peninsula, is a chef's delight, while the adjacent dining nook provides the perfect setting for casual meals. Additionally, a versatile flex space offers endless possibilities whether it be utilized as a cozy sitting room, a functional office, or an elegant formal dining area. The home features four spacious bedrooms including a lavish primary suite boasting a beautifully appointed en-suite bathroom and a custom-built closet. Another bedroom comes complete with its own private bathroom providing convenience and comfort for guests or family members. Every corner of this home exudes luxury thanks to the inclusion of custom high-end finishes throughout. From decorative walls to a stunning marble fireplace in the great room, no detail has been overlooked. The kitchen showcases a custom backsplash while the laundry room has been thoughtfully designed with practicality and style in mind. For car enthusiasts and hobbyists alike, the oversized three-car garage offers ample space for all your vehicles, golf carts, and recreational gear. Beyond the confines of this magnificent residence, residents of Lorraine Lakes are treated to a wealth of amenities within the gated community. The expansive amenity center boasts a restaurant and tiki bar, a state-of-the-art fitness center, arcade room, dining facilities, and a variety of indoor and outdoor sports facilities including basketball, volleyball, pickle-ball, tennis, and bocce. A splash pad and putting green add to the recreational opportunities available. Conveniently located near the LWR Sports Complex, top-rated schools, Waterside, LWR Main Street, UTC and a short drive from Downtown Bradenton, Downtown Sarasota, Tampa, St. Petersburg and the pristine Gulf Coast beaches, this home offers the perfect blend of luxury, convenience and access to all that Florida has to offer. Experience the ultimate in Florida living at this exceptional Lorraine Lakes residence.
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Our Executive Mortgage Banker:
Our Insurance Division:
$699,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $559,200 | $559,200 | $559,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $754 | $754 | $754 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,720 | $3,674 | $4,716 |
Total Monthly Payment | $4,566 | $4,520 | $5,562 |
* 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.