One or more photo(s) has been virtually staged. Welcome to The Lakes Estates! Located in a highly sought-after area of Sarasota, this private neighborhood is nestled amongst mature vegetation and beautiful oak trees, creating a serene and peaceful atmosphere. This stunning home boasts an open, versatile layout, perfect for entertaining and everyday living. With a completely renovated split floor plan, the property boasts 3 bedrooms (plus Primary Suite “Flex Room”), 2 bathrooms, and a spacious 2-car garage all located on an oversized, lake-front premium lot. As you step into the foyer, you’re greeted by soaring ceilings and an abundance of natural light, creating a welcoming atmosphere that flows through the formal living and dining areas. The beautiful bamboo engineered hardwood flooring leads you to the kitchen and spacious family room complete with a wet bar. Fully pocketing sliders open to a large, screened lanai, perfect for entertaining, allowing guests to bask in the peaceful ambiance of the outdoors, truly defining the epitome of the Florida lifestyle. Equipped with quartz countertops, exquisite cabinetry, and high-quality stainless-steel appliances, the kitchen is ready to handle your culinary pursuits. This divided layout features two bedrooms and a full bathroom off the family room, providing an ideal area for guests to have their own personal space for relaxation. Across the home, the owner’s suite is a true retreat with a generous walk-in closet with custom shelving and drawers, a luxurious bathroom with a floor-to-ceiling tiled walk-in shower and dual vanity with quartz countertops. A unique feature of the owner’s suite is a “flex space” between the primary bedroom and bathroom which could serve as an office, den, art studio, or nursey. The oversized 2-car garage provides ample storage for your vehicles and outdoor gear. With recent updates, including a newer roof (2020) and water heater (2022), this home truly defines “move-in ready. ” The Lakes Estates offers a blend of seclusion and convenience, with easy access to I-75, renowned beaches, Downtown Sarasota, and University Town Center. Endless opportunities for outdoor activities and entertainment await in the community which features two pools, fitness center, playground and tennis courts. Don’t miss the opportunity to see this extraordinary home. Schedule a private showing today and experience firsthand why this neighborhood is so highly coveted. With its seamless combination of elegance, functionality, and meticulous design, this home is poised to become your ultimate dream home.
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Our Executive Mortgage Banker:
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $659,200 | $659,200 | $659,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.851% | 6.704% |
Monthly Tax Payment | $614 | $614 | $614 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,221 | $4,276 | $5,742 |
Total Monthly Payment | $4,927 | $4,982 | $6,448 |
* 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.