Welcome to Promenade Estates, nestled within the exclusive, gated Palmer Ranch community. Known for its resort-style amenities, breathtaking surroundings, and prime Sarasota location, Palmer Ranch offers the quintessential Florida Gulf Coast lifestyle. This executive-style home, crafted by M/I Homes in 2022, is framed by lush tropical landscaping that accentuates its grandeur. An extended pavered driveway and pathway lead to the charming front porch, setting the stage for what awaits inside. Step into the elegant foyer, where wood-look tile flooring and crown molding extend throughout nearly 3, 200 square feet of thoughtfully designed living space. The heart of the home is the great room, featuring a chef’s kitchen that is sure to impress. A striking waterfall quartz island provides ample barstool seating and an undermount farmhouse sink, while the white cabinetry, matching vent hood, and classic subway tile backsplash create a seamless, modern aesthetic. Stainless steel appliances, including a built-in microwave/oven combo, caters to all your culinary needs. The living area is anchored by an electric fireplace, flanked by floating shelves and built-in cabinetry, offering both style and functionality. The first-floor primary suite is a true retreat, with double doors opening to a spa-like ensuite featuring dual sinks and a seamless glass-enclosed shower. Two additional bedrooms and an office – easily adaptable as a fifth bedroom – are also located on the main level, providing versatility and convenience. Upstairs, a generous bonus room, spanning nearly 500 square feet, offers endless possibilities as a game room, gym, or private home theater. A fourth bedroom and bathroom on this floor create an ideal guest suite. Step outside through the triple sliding glass doors to the extended screened-in lanai, where indoor/outdoor living becomes your daily reality. The backyard oasis features a heated saltwater pool and spa, surrounded by pavers and offering uninterrupted views of serene grasslands, creating the perfect setting for entertaining or unwinding in complete privacy. The garage is equipped with a 220 outlet for convenient electric vehicle charging, along with ample overhead storage divided into four sections, each capable of holding up to 600 lbs. Residents of Promenade Estates enjoy resort-style living with low HOA fees and no CDD fees. A state-of-the-art clubhouse, fitness center, basketball and sand volleyball courts, resort-style pool, splash pad, spa, playground, and dog park are all within easy reach. Beyond the gates, the community’s location offers unparalleled access to A-rated schools, including the renowned Pine View School, pristine beaches, fine dining, and world-class shopping. This is more than a home; it's an invitation to live your best life in the heart of Palmer Ranch. Welcome to your new chapter!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,199,000
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 | $959,200 | $959,200 | $959,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 6.246% | 6.201% |
Monthly Tax Payment | $762 | $762 | $762 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,828 | $5,828 | $8,094 |
Total Monthly Payment | $6,715 | $6,715 | $8,981 |
* 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.