Under contract-accepting backup offers. **THIS PROPERTY QUALIFIES FOR A 1. 5% LENDER INCENTIVE IF USING PREFERRED LENDER. INQUIRE FOR MORE DETAILS. ** Unlock the potential of this updated pool home, perfectly designed for multi-generational living or generating rental income. Located on a quiet, tree-lined dead-end street, this unique property stands strong, having weathered the recent storms without a scratch—making it an even more appealing choice for your next investment. With two separate living units—the main home and an attached mother-in-law (MIL) suite—each featuring its own entrance and outdoor area, this home offers the privacy and flexibility you need. However, the backyard spaces do connect by a gate, allowing the MIL suite to benefit from the use of the sparkling pool. Whether you’re looking for a family retreat or a lucrative investment, this home is ready to deliver. Step inside the main house to discover a spacious layout featuring two large bedrooms and two beautifully updated bathrooms. The primary suite opens directly onto the lanai, inviting you to take a refreshing dip in the sparkling pool. The heart of the home is the expansive kitchen, designed for both functionality and style. With generous counter space, abundant cabinetry, and stainless steel appliances, this kitchen is ideal for culinary enthusiasts and entertainers alike. Connected through the interior but with its own private entrance, the attached MIL suite provides a world of possibilities. Complete with a cozy living area, kitchenette, bedroom, and bathroom, this suite offers ultimate flexibility for visiting family, long-term guests, or even a short-term rental income. The private courtyard adds an extra touch of serenity, ensuring guests enjoy their own space while staying connected to the main home. Outside, the property continues to impress with an expansive paver driveway, offering plenty of parking for vehicles, a boat, or an RV—no HOA or deed restrictions to limit your lifestyle. The fully fenced backyard is a true private oasis, where the sparkling pool and spacious yard create the perfect setting for outdoor relaxation year-round. A spacious shed with electricity in the backyard adds even more functionality to this incredible space. This home has seen updates like a solar hot water heater and a durable metal roof, providing energy efficiency and lasting peace of mind. Conveniently located just minutes from SRQ International Airport, this property is particularly enticing for short-term rentals, attracting visitors looking for easy access to the beautiful attractions of Sarasota. Ideally situated near downtown Sarasota, UTC, and Ed Smith Stadium, this home places you at the heart of the action while maintaining a peaceful retreat. Plus, you’re centrally located to an array of the area's Gulf beaches. Whether you're seeking an exceptional living space or an investment with incredible potential, this property offers it all.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $396,000 | $396,000 | $396,000 |
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 | $80 | $80 | $80 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,668 | $2,632 | $3,340 |
Total Monthly Payment | $2,823 | $2,787 | $3,495 |
* 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.