4241 Palacio DRIVE, Sarasota, FL, 34238 | $775,000

The opportunity for laid-back luxury and the perfect Sarasota location here in Prestancia is yours now! This detached home is ready for a new owner to take over! Situated in the private, gated community of Prestancia in Palmer Ranch, this incredible property boasts a prime location, offering stunning views of a tranquil lake. Surrounded by lush tropical landscaping, you'll experience unmatched privacy and serenity. This Todd Johnston custom home is truly exceptional. With a six-year-new tile roof, brand new Trane 5-Ton AC, new Rheem hot water heater, and fresh outside paint, this residence has been meticulously maintained by one loving homeowner! Step inside and be greeted by a well-designed split floor plan. The spacious layout with 2, 891 square feet includes three bedrooms, three baths, a study, a family room with vaulted ceilings and a cozy fireplace, a living room that seamlessly shares space with the dining room, and two covered and screened lanais overlooking the picturesque lake. The kitchen offers fabulous space with a breakfast nook and easy access to the patios, making family time and entertaining effortless and enjoyable. Your primary suite overlooks the sparkling water and includes an expansive en suite bath with dual sinks, a garden tub, a walk-in shower and dual walk-in closets. The high ceilings throughout the home create an airy and open ambiance, perfectly complementing the abundance of greenery and water that surrounds you. Every corner of this residence exudes a warm and inviting atmosphere, making you feel right at home from the moment you set foot inside. Membership to the social and golf club at Prestancia is optional, allowing you to customize your lifestyle as desired. With reasonable fees, you can enjoy all the amenities and experiences this esteemed community has to offer. Explore the breathtaking sidewalks that wind their way through Prestancia and Palmer Ranch, perfect for leisurely strolls or invigorating bike rides. World famous Siesta Key Beach, shopping and dining, Sarasota Memorial Hospital, downtown cultural arts and Sarasota International Airport are all 10-30 minutes from your new home! This is a must-see home that speaks for itself. Schedule your tour today and envision yourself in the embodiment of luxury, comfort, and natural beauty.

Features

  • Rooms: 10
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Inside, Laundry Room
  • Year Built: 1994
  • Garage: 2-car Circular Driveway, Driveway, Garage Door Opener, Garage Faces Side, Ground Level, Off Street
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,891
  • Acreage: 0.33
  • Est. Taxes: $5,803
  • HOA Fee: $1,840 Annually
  • Lot Desc: In County, Landscaped, Near Golf Course, Sidewalk
  • View: Water
  • Elem. School: Gulf Gate Elementary
  • Middle School: Sarasota Middle
  • High School: Riverview High
  • Pet Policy: No
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Range, Refrigerator, Washer, Water Filtration System
  • MLS#: A4614654
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A4614654/4241palaciodrive_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 7/5/2024 6:18:00 AM)
Listing courtesy of PREMIER SOTHEBYS INTL REALTY   Phone: 941-364-4000

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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4241 Palacio DRIVE, Sarasota, FL, 34238

$775,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $620,000 $620,000 $620,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.867% 7.159% 6.538%
Monthly Tax Payment $484 $484 $484
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,177 $4,121 $5,316
Total Monthly Payment $4,753 $4,697 $5,892

* 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.