5405 83rd TERRACE E, Sarasota, FL, 34243 | $500,000

Under contract-accepting backup offers. This exquisite waterfront home offers a blend of luxury, comfort, and scenic beauty, making it an ideal home for those seeking a serene yet convenient lifestyle. As you approach this beautiful residence, you're greeted by meticulously landscaped grounds and a stylish entrance that sets the tone for the exceptional interiors. This move-in-ready home has hurricane-impact windows, a new tile roof, a front door, landscaping, and new interior and exterior paint. The spacious, open floor plan is designed to capture the essence of modern comforts, featuring high ceilings, abundant natural light, and premium finishes throughout. The spacious kitchen is a chef's dream, equipped with top-of-the-line appliances, generous cabinetry, and a breakfast bar perfect for entertaining. The adjoining dining and living areas provide a seamless flow, enhanced by sliding doors that open to the expansive lanai. Step outside to discover your private paradise. The outdoor living space boasts a covered lanai, with a picture frame lanai screen for a panoramic water view that offers a daily spectacle of nature’s beauty. Whether you’re sipping your morning coffee or hosting an evening soiree, the tranquil waterfront setting provides a picturesque backdrop. Retreat to the luxurious master suite, featuring a spa-like en-suite bathroom with a one-of-a-kind walk-in shower. The additional bedrooms are generously sized, offering comfort and privacy for family and guests. Situated in a prime location, this property is just minutes away from Sarasota's finest attractions. Enjoy world-class dining, shopping, and cultural experiences, or spend your days exploring the pristine beaches, golf courses, and parks that make Sarasota a sought-after destination. This home is more than just a residence; it’s a lifestyle. Don’t miss the opportunity to make this extraordinary property your own.

Features

  • Rooms: 4
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Electric Dryer Hookup, Laundry Closet
  • Style: Florida
  • Year Built: 1990
  • Garage: 2-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,905
  • Acreage: 0.14
  • Est. Taxes: $6,095
  • HOA Fee: $876 Annually
  • View: Water
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
  • MLS#: A4618293
  • Days on Market: 60 days
  • Website: https://www.raveis.com
    /prop/A4618293/540583rdterracee_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 11/12/2024 6:12:44 PM)
Listing courtesy of EXP Realty LLC   Phone: 888-883-8509

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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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5405 83rd TERRACE E, Sarasota, FL, 34243

$500,000

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 $400,000 $400,000 $400,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.655% 7.146% 6.412%
Monthly Tax Payment $508 $508 $508
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,729 $2,659 $3,403
Total Monthly Payment $3,329 $3,259 $4,003

* 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.