Conveniently located with great access to amenities and attractively priced! This delightful Key West-style home, built in 1997, combines vintage charm with modern convenience in the highly sought-after Gillespie/Rosemary neighborhood of downtown Sarasota. Nestled on a "secret" street, this private enclave offers tranquility away from the bustle of city life while still being steps from vibrant amenities like Whole Foods, the library, restaurants, and The Bay park. The two-story concrete block stucco home, undamaged by hurricanes Helene and Milton, is located in a safe X-flood zone and Evacuation Zone D, providing peace of mind. Step inside and be greeted by solid hardwood floors, adding a touch of warmth and elegance. The main floor boasts a generously sized dining room and a kitchen equipped with modern stainless steel appliances and beautifully tiled surfaces, perfect for both everyday meals and entertaining guests. A private back patio provides the ideal space for outdoor dining and relaxation. Upstairs, the two bedrooms offer privacy and comfort. The primary bedroom has been thoughtfully renovated and expanded, featuring an en suite bath with a tiled walk-in shower, double sinks, and a luxurious feel. The second bedroom includes a full bath, a walk-in closet, and access to an open-air balcony where you can enjoy Sarasota’s tropical breezes. Practical upgrades, including a new HVAC system installed in 2022, ensure modern comfort. A tandem carport for two vehicles or a boat/RV adds versatility, making this home suitable for both full-time residents and those seeking a low-maintenance lifestyle. With minimal yard work required and weekly rental potential, it also presents an exciting opportunity as an Airbnb investment property. In a prime location with timeless appeal, this home is a hidden gem blending classic Key West style with modern amenities.
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$729,000
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 | $583,200 | $583,200 | $583,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | $334 | $334 | $334 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,028 | $3,876 | $4,918 |
Total Monthly Payment | $4,454 | $4,302 | $5,344 |
* 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.