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5106 S Lockwood Ridge ROAD, Sarasota, FL, 34231 | $330,000
Buildable lots ready for 2 new homes. This exceptional 12, 177 SqFt corner lot offers an unparalleled opportunity to build 2 homes in the heart of Sarasota. Positioned directly across from the scenic Red Bug Slough Preserve, this property is ideal for a visionary builder looking to capitalize on its prime location and development potential.
Key Features:
Lot Size: 12, 177 SqFt (117ft x 106ft)
Development Potential: Can be divided into two separate lots
Location: Prime corner lot in a sought-after Sarasota neighborhood
Proximity: Directly across the street from the picturesque Red Bug Slough Preserve
Existing Structure: Home built in the 1950s, currently a teardown
Why This Property?
Perfect for New Construction: The expansive lot size and the potential to split into two separate parcels provide ample space for building two brand-new homes, maximizing your investment return.
Desirable Location: Nestled in a vibrant community with easy access to local amenities, parks, schools, and shopping centers. The proximity to Red Bug Slough Preserve offers future homeowners stunning views and recreational opportunities right at their doorstep.
High Demand Area: Sarasota is known for its beautiful landscapes, thriving cultural scene, and high quality of life. New homes in this area are in high demand, ensuring a quick turnaround on your investment.
Don’t miss out on this rare opportunity to develop in one of Sarasota’s most coveted locations. Whether you’re looking to build 2 custom homes or attractive spec properties, this lot offers endless possibilities.
Features
- Rooms: 4
- Bedrooms: 2
- Baths: 1 full
- Laundry: None
- Year Built: 1956
- Heating: Wall Units / Window Unit
- Cooling: Wall/Window Unit(s)
- Approx Sq. Feet: 520
- Acreage: 0.28
- Est. Taxes: $924
- Appliances: Range, Refrigerator
- MLS#: A4615934
- Days on Market: 86 days
- Website: https://www.raveis.com
/prop/A4615934/5106slockwoodridgeroad_sarasota_fl?source=qrflyer
Listing courtesy of RE/MAX ALLIANCE GROUP Phone: 941-954-5454
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
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
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Yokadi MejiaInsurance Sales Director, William Raveis Insurance
561.335.7966
Yokadi.Mejia@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
5106 S Lockwood Ridge ROAD, Sarasota, FL, 34231
$330,000
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $264,000 | $264,000 | $264,000 |
| 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 | $77 | $77 | $77 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,779 | $1,755 | $2,226 |
| Total Monthly Payment | $1,931 | $1,907 | $2,378 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388