1655 Memory LANE, Sarasota, FL, 34231 | $1,175,000

Discover the perfect blend of relaxation and opportunity in this recently updated and meticulously maintained coastal home, ideally suited as a beach getaway, lucrative Airbnb rental, or a full-time residence with the potential for rental income. Nestled just west of Stickney Point Bridge, this property offers unparalleled convenience, allowing you to walk or bike to Siesta Key’s world-famous beaches while being close to all mainland amenities for shopping, dining, and entertainment. Spacious house with separate upstairs apartment. The main home welcomes you with an open-plan great room, three bedrooms, three and half bathrooms, and a versatile den/office, currently furnished as a 4th bedroom. This home caters to both comfort and functionality. The glass-enclosed Florida room opens on two sides to the expansive pool and sun deck, creating a seamless indoor-outdoor living space. The garage features laundry facilities and ample storage for bicycles, pool, and beach toys, keeping everything you need within easy reach. To the rear of the house, a private staircase leads to a charming upstairs apartment. This light-filled retreat boasts a balcony, terrace and a spiral staircase that connects directly to the pool area. The L-shaped pool, set within a travertine deck, is a tropical oasis, and offers something for everyone —from a spirited game of volleyball to relaxing on the sun shelf. There’s ample space for outdoor dining or cozying up by the firepit on cooler evenings. If the poolside heat becomes too much, retreat to the shady backyard for a refreshing escape. Literally bring your suitcase and move right in to start enjoying a relaxed Florida lifestyle and rental income if so desired. Recent improvements to this attractive home include new roof and interior paint (2023), exterior paint (2022). Rental income information available. Whether you envision a tranquil beach escape, a profitable rental venture, or a delightful full-time residence with added income potential, this home provides the ideal canvas to make your dreams a reality. Don’t delay, schedule a showing today.

Features

  • Rooms: 9
  • Bedrooms: 4
  • Baths: 4 full / 1 half
  • Laundry: In Garage
  • Style: Coastal, Key West
  • Year Built: 1957
  • Garage: 1-car Boat
  • Heating: Central, Zoned
  • Cooling: Central Air
  • Approx Sq. Feet: 2,020
  • Acreage: 0.23
  • Est. Taxes: $7,693
  • Lot Desc: FloodZone, Street Dead-End
  • Elem. School: Gulf Gate Elementary
  • Middle School: Brookside Middle
  • High School: Riverview High
  • Pool: Child Safety Fence, Deck, Gunite, In Ground
  • Pet Policy: Yes
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer
  • MLS#: A4620892
  • Days on Market: 12 days
  • Website: https://www.raveis.com
    /eprop/A4620892/1655memorylane_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 11/8/2024 4:27:33 AM)
Listing courtesy of COLDWELL BANKER REALTY   Phone: 941-388-3966

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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

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1655 Memory LANE, Sarasota, FL, 34231

$1,175,000

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 $940,000 $940,000 $940,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.406% 6.762% 6.830%
Monthly Tax Payment $641 $641 $641
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,097 $6,019 $8,253
Total Monthly Payment $6,863 $6,785 $9,019

* 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.