7731 SW River STREET, Arcadia, FL, 34269 | $875,000

This custom-built estate is like nothing you've ever seen before—a sprawling masterpiece spanning over 10, 000 square feet, with four bedrooms and three and a half bathrooms, plus a fully equipped one-bedroom, one-bathroom apartment perched above a spacious three-car garage. From the moment you arrive, you’ll be captivated by the grandeur of the gated entrance, reminiscent of a vineyard estate in the heart of the European countryside. The exterior alone sets the stage for what’s to come inside. As you step through the front doors, you’re greeted by a breathtaking foyer featuring Italian marble floors, towering Corinthian columns, a custom staircase, and 24-foot coffered ceilings that make a dramatic statement. Your eyes will be drawn to the full wall of panoramic glass that offer picture-perfect views of the outdoor entertainment area—a true haven for relaxation and gatherings. The 26x15 primary suite dominates the entire right wing of the downstairs area. This expansive retreat includes a luxurious bedroom with a private sitting area, office, or dressing room. The primary bathroom is a sanctuary in itself, boasting dual sinks, a massive soaking tub with a ceiling waterfall fill, and a spacious walk-in tiled shower. The custom walk-in closet is designed with built-ins for your wardrobe and an island centerpiece perfect for jewelry, ties, and accessories. On the opposite side of the main floor, the kitchen is straight out of a dream. Top-of-the-line custom cabinetry, extensive granite countertops, a breakfast bar, and an island make this space both beautiful and functional. The adjoining living room, with its cozy fireplace and additional panoramic sliding doors, offers another perfect spot to soak in the serene views of your personal oasis. Ascending the custom staircase, you’ll find a second suite, complete with a large closet, a stunning bathroom, a private balcony overlooking the pool, and extra space on the landing for a flexible use area. The apartment above the garage is an incredible bonus—a fully self-contained living space with a bathroom, storage, kitchen, and living room. But the true showstopper is the outdoor entertaining area. Designed for unforgettable gatherings, this space includes an outdoor kitchen, an in-ground pool, a spa, and ample room for relaxing under the stars. Beyond the main residence, the property features a 38x55 steel building that can serve as a workshop, storage space, or agricultural barn. The picturesque pond, with its hidden waterfall feature, adds to the natural beauty of the grounds. Now, let’s talk about the opportunity here. This property is undoubtedly stunning, but it does need some love to reach its full potential. A new roof—partial or full—is required, along with four new exterior A/C systems. Some ceiling drywall will also need replacing due to roof leaks. Because of the condition, this home is a cash-only purchase, but at just $875, 000, it’s an absolute steal with an estimated after-repair value of at least $1. 6 million. Don’t miss your chance to transform this fixer-upper into your dream estate—schedule your private tour today!

Features

  • Rooms: 9
  • Bedrooms: 5
  • Baths: 4 full / 1 half
  • Laundry: Inside, Laundry Room
  • Year Built: 2005
  • Garage: 3-car Circular Driveway, Driveway, Garage Faces Side, Guest, Oversized
  • Heating: Central, Electric, None
  • Cooling: Central Air, None
  • Approx Sq. Feet: 5,901
  • Acreage: 12.33
  • Est. Taxes: $21,689
  • Lot Desc: In County, Pasture, Zoned for Horses
  • View: Pool, Trees/Woods
  • Elem. School: Nocatee Elementary School
  • Middle School: DeSoto Middle School
  • High School: DeSoto County High School
  • Pool: In Ground, Screen Enclosure
  • Appliances: None
  • MLS#: C7496851
  • Days on Market: 26 days
  • Website: https://www.raveis.com
    /prop/C7496851/7731swriverstreet_arcadia_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 11/13/2024 10:06:13 PM)
Listing courtesy of THE WILLIAMSON GROUP REALTY, I   Phone: 863-494-9009

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NMLS Mortgage Loan Originator ID 16953

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7731 SW River STREET, Arcadia, FL, 34269

$875,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $700,000 $700,000 $700,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.250% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.321% 6.360% 6.956%
Monthly Tax Payment $1,807 $1,807 $1,807
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,540 $4,310 $6,194
Total Monthly Payment $6,439 $6,209 $8,093

* 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.