4520 S Biscayne DRIVE, North Port, FL, 34287 | $12,750,000

Welcome to a great opportunity to own the Luxury 28 Condominium Homes in the desirable city of North Port, Sarasota County. Infrastructure is already in place, including underground utilities for an additional 13 lots to be developed into an additional 78 condo units. See the attached plot site plan. SELLER FINANCING AVAILABLE (ask for terms).
Large community pool. NO HOA OR CDD. Situated in a vibrant and thriving community minutes away from Warm Mineral Springs, this property promises a lifestyle filled with abundant sunshine, natural beauty, and coastal charm. This complex benefits from its prime location, offering easy access to an array of amenities and attractions. These are the many upgrades and meticulous upkeeps of this spectacular complex. A new metal roof was installed on all units in 2022 . Public water and Public sewer. Luxury apartments with tenants already in place. Almost 8-acre limited-access complex with two entries. Living area: total under the roof: 1852 square feet; 3 bedrooms; 2 bathrooms. Fully enclosed structures with hurricane-resistant windows and doors (130 mph wind rating). All buildings on property have new metal roofs completed on 12-21-2022 with a 10-year installation warranty and a 25-year metal alliance warranty. Detached Single-car, oversized garage for parking and storage. Complete GE brand appliance package.
Raised panel cabinets. Granite countertops in kitchens and baths. All ceiling fans and lighting fixtures are included. Approximately 3600 square foot recreation/meeting building with a wet bar in the kitchen. Security system, with optional monitoring. 9. 4 ceilings. Screened lanai. Covered/lighted entry. Stacked washer and dryer in the units. Crown molding. Colonial trim. Tankless water heater. 79 parking spaces and one car oversized garage each unit. Do not miss out on this exceptional opportunity to craft your dream investment in a prime location. Schedule a showing today and begin envisioning the endless possibilities offered by this remarkable property in Sarasota County! Discover the nearby pristine Gulf beaches, where you can bask in the sun, partake in water activities, or simply relish the tranquility of the ocean. Embark on nautical adventures from the conveniently located marinas, allowing you to explore the region's captivating waterways and nearby islands. Fishing enthusiasts will delight in the world-class fishing opportunities, while golf enthusiasts can indulge in a variety of renowned golf courses. North Port is known for its thriving shopping and dining scene, featuring a diverse range of retail centers, boutiques, and restaurants. Immerse yourself in the vibrant downtown area, boasting charming shops, art galleries, and entertainment venues. The city hosts numerous cultural events, festivals, and community gatherings throughout the year, ensuring there's always something exciting happening. Lose yourself in the beauty of Charlotte Harbor Preserve State Park, where scenic trails, wildlife sightings, and peaceful waterways await exploration. Myakka River State Park is another nearby gem, enchanting visitors with its stunning landscapes and diverse flora and fauna. Nature enthusiasts will find endless opportunities to connect with the outdoors just moments away from this property. North Port also boasts excellent educational institutions and reliable medical facilities. Schedule a showing today and begin envisioning the endless possibilities offered by this remarkable property!

Features

  • Bedrooms: 84
  • Units: 28
  • Laundry: Inside
  • Year Built: 2008
  • Garage: 28-car Driveway, Garage Door Opener, Guest
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 42,140
  • Acreage: 7.78
  • Est. Taxes: $99,908
  • Pool: In Ground
  • MLS#: N6131984
  • Days on Market: 263 days
  • Website: https://www.raveis.com
    /prop/N6131984/4520sbiscaynedrive_northport_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 12/25/2024 12:17:40 AM)
Listing courtesy of RE/MAX PALM REALTY OF VENICE   Phone: 941-451-2025

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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4520 S Biscayne DRIVE, North Port, FL, 34287

$12,750,000

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 $10,200,000 $10,200,000 $10,200,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.545% 6.748% 6.932%
Monthly Tax Payment $8,326 $8,326 $8,326
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $66,157 $65,312 $90,261
Total Monthly Payment $74,608 $73,763 $98,712

* 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.