Under contract-accepting backup offers. You won’t find a home like this elegant 4 bedroom, 5. 5 bath beauty every day. Situated on a beautiful lot in The Oaks Clubside, it offers privacy and stunning views overlooking the lake out to the #7 of the Heron Course. The quiet street ends in a cul-de-sac. Inside you will find a spacious floor plan that is anything but cookie-cutter. This home has a 4th bedroom above the garage, perfect as a private quarter for live-in help or as a guest suite, or even a child’s wing. Add to this a 500 sq ft air-conditioned multi-use studio off the garage! The floor plan is open and spacious. All the main rooms downstairs open directly onto the lanai. The kitchen has a light filled eat-in area, and there is a separate dining room for larger, more formal meals. The family/TV room directly off the kitchen features a fireplace and oversized windows, making this a comfortable, cozy gathering space both day and night. The large master suite has room for a sitting area, and a bathroom with water closet, soaking tub and separate shower. Walk out to the lanai and you will find an ample covered area with ceiling fans, huge inground pool and spa, and those to die for views. Don’t miss the opportunity to own this one-of-kind offering and become a member of Sarasota’s premier golf and country club. Membership is required with homeownership. INITIATION FEES GOING UP ON 2/1/2025. BUY NOW BEFORE THE INCREASE! The Oaks has two 18-hole championship golf courses, 12 HAR-TRU tennis courts maintained to tournament standards, 5 of which are lighted, bocce and lighted pickleball courts, a club pool, and a wide variety of dining. NEW ROOF 2022.
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Our Executive Mortgage Banker:
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$1,445,000
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 | $1,156,000 | $1,156,000 | $1,156,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.406% | 6.762% | 6.830% |
Monthly Tax Payment | $642 | $642 | $642 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,498 | $7,402 | $10,150 |
Total Monthly Payment | $8,265 | $8,169 | $10,917 |
* 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.