Welcome to the PRIME cul-de-sac location in the gated, amenity-rich community of Promenade Estates on Palmer Ranch. This oversized lot (146’ deep) features quintessential front porch living with peaceful sunsets on the quiet cul-de-sac or private gatherings in the expansive fenced back yard. This premier homesite provides unique privacy and curb appeal with extended setbacks from the street and neighboring homes, which allows for the impressive 60’+ driveway for plenty of off-street parking or play space. The home features five bedrooms, three full bathrooms, a loft, plus a flex room perfect for an extra office area or additional dining space. Along with the abundance of space and storage you get the peace of mind of newer (2020) solid block construction in an ‘X’ flood zone - standing strong and dry in recent hurricanes. The first floor features numerous entertaining and dining areas and flows seamlessly out to the expansive outdoor patio with spacious, fenced backyard. The first level also features a bedroom and full bath for your convenience. Tucked privately upstairs is the vast owners' suite, three additional bedrooms, a loft with beautiful lake views, and the laundry room. Better than brand new, take advantage of upgraded lighting fixtures and fans installed in all bedrooms, plus the downstairs living room and versatile loft upstairs. This home boasts a functional floor plan for families, anyone working from home with multiple home office options, or plenty of space to host overnight guests. A two-car garage with overhead storage racks and professionally installed epoxy floor covering complement the already impressive parking capacity of the extended driveway. A smart panel offers added comfort and security including an alarm system with access to emergency services, keyless entry, wireless garage access, and temperature controls. Community amenities include a fitness center, volleyball court, basketball court, tot playground, splash park, community pool, and dog park with small and large dog fenced areas. No CDD fees and a low monthly HOA make this prime location even more desirable. Enjoy quick access (7-8 miles) to the area’s finest gulf beaches (Siesta Key or Nokomis) and only 3 miles to a Tiki Bar on the water (Evie’s Spanish Point). Bike the nearby Legacy Trail, search for Florida Scrub Jays at Oscar Scherer State Park, kayak the Thaxton Scherer Nature Preserve or explore Selby Gardens’ Historic Spanish Point campus. When seeking a night on the town, enjoy an easy drive to Downtown Sarasota, Venice or the expansive shopping and dining of the UTC District. Numerous great school options as well with convenient bus routes to the A-rated zoned schools (Laurel Nokomis School, K-8 and Venice High School) and only 3 miles to the nationally acclaimed Pine View School. This home is truly a unique mix of quiet cul-de-sac living in a vibrant community with activities for all ages. The seller will entertain reasonable concessions for interest rate buydowns, etc. , so don’t hesitate to book your tour today and make this home your reality!
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $559,200 | $559,200 | $559,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.616% | 7.055% | 6.256% |
Monthly Tax Payment | $205 | $205 | $205 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,767 | $3,674 | $4,716 |
Total Monthly Payment | $4,063 | $3,970 | $5,012 |
* 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.