875 Indian Beach DRIVE, Sarasota, FL, 34234 | $1,075,000

Nestled in picturesque neighborhood of Indian Beach with old oak trees and mature, lush landscaping you will find this beautiful two-story home. The main house features 3 bedrooms, 2. 5 bathrooms, a hybrid office/art studio space and a kitchen complete with a professional grade Southbend 6-burner gas range. The expansive great room, with its 12' ceiling, gas fireplace, and floor-to-ceiling french doors opens out to a charming private courtyard, ideal for both cozy nights in or entertaining in style. Upstairs, 2 bedrooms frame a second living space while the master suite with a private balcony, entered off of a short stairway, offers a tranquil retreat from the rest of the home. A 2007 addition includes a two-car garage, and a charming studio apartment complete with a full bathroom - ideal for multigenerational living or as a guest suite. With its seamless indoor-outdoor flow, and variety of living space this unique home offers both privacy and a connection to the rich history of Sarasota. The Indian Beach neighborhood, platted in the Ringling era, showcases some of the most progressive urban planning from the early 20th century, featuring a mix of historic homes and modern construction including a magante grade school. Indian Beach and its sister neighborhood to the north, Sapphire Shores, form a gateway to Sarasota's most significant cultural and educational institutions such as The John & Mable Ringling Museum of Art, the Asolo Theater for performing Arts and the Ringling College of Art and Design. Just to the west of the home, Indian Beach Drive opens up to Sarasota bay and includes a charming park perfect for sunset viewing. Situated just minutes from downtown Sarasota and the Bay Park Conservancy waterfront public park, this home is an ideal location for nature and art lovers. Convenient to St. Armands Circle the beaches of Lido and Longboat Key, the airport, and University Parkway, this area is an ideal location. Don't miss your opportunity to live in this unique environment where nature, culture, and convenience meet!

Features

  • Rooms: 6
  • Bedrooms: 4
  • Baths: 3 full / 1 half
  • Lot Size: 114 x 59 x 110 x 59
  • Laundry: Inside, Laundry Room
  • Year Built: 1925
  • Garage: 2-car Garage Door Opener
  • Heating: Central, Wall Units / Window Unit
  • Cooling: Central Air
  • Approx Sq. Feet: 2,861
  • Acreage: 0.16
  • Lot Size: 114 x 59 x 110 x 59
  • Est. Taxes: $4,831
  • Lot Desc: FloodZone, City Lot
  • View: Trees/Woods
  • Elem. School: Emma E. Booker Elementary
  • Middle School: Booker Middle
  • High School: Sarasota High
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Range Hood, Refrigerator, Washer
  • MLS#: A4622362
  • Days on Market: 73 days
  • Website: https://www.raveis.com
    /eprop/A4622362/875indianbeachdrive_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 11/21/2024 10:37:15 PM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-951-6660

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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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875 Indian Beach DRIVE, Sarasota, FL, 34234

$1,075,000

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 $860,000 $860,000 $860,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.750% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.864% 6.810%
Monthly Tax Payment $403 $403 $403
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,507 $5,578 $7,551
Total Monthly Payment $6,035 $6,106 $8,079

* 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.