NOTHING ELSE LIKE THIS ON THE MARKET. READY TO BUILD your dream home in this gated luxury home community on Little Sarasota Bay. NO FLOOD INSURANCE REQUIRED! This cleared lot features fiber optic cable, electric, sewer, water, and well-fed irrigation hook-up. All utilities are buried so there are no unsightly cables. Community boat slip with electricity and water is right at the end of the short road in this quiet South Sarasota Bayfront community with only 20 homes/homesites. Conveniently located minutes to Siesta Key Beach, Nokomis Beach, Casey Key, Sarasota Square Mall, US 41 and I-75. This gorgeous neighborhood is so quiet and tucked away, you'll never know how close you are to some of Sarasota's finest restaurants, shops, and local businesses! To keep the continuity of the Mediterranean neighborhood, all home plans must be submitted to the HOA for approval. This lot does not come with a private dock/boat slip, but the community slip is almost always available. Community did NOT flood with Helene or Milton!!
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Our Executive Mortgage Banker:
Our Insurance Division:
$304,500
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 | $243,600 | $243,600 | $243,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,641 | $1,619 | $2,054 |
Total Monthly Payment | $1,716 | $1,694 | $2,129 |
* 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.