Experience your private oasis in this expansive corner-lot compound, featuring two full driveways, a separate guest suite, and a large spa and pool. Nestled in the highly desirable Southgate neighborhood, this home is perfectly located just minutes from Sarasota Memorial Hospital, Downtown Sarasota, Siesta Key, Lido Key, and St. Armands Circle. With 3 bedrooms, 3. 5 baths, gourmet kitchen, sunroom, a detached two-car garage, and additional outbuilding for storage or a studio, this versatile property offers something for everyone—all without HOA fees. Whether you’re looking for a second home to embrace the Florida lifestyle, a family-friendly space within the sought-after Southgate School District, or easy downtown access for the working professional, this estate fits every need. Investors, take note! With multiple rental possibilities and a flexible floorplan, this property offers ample income potential. The large, detached garage, outfitted with 200-amp service and dual garage doors, is a dream for car enthusiasts or business owners with room for tools, trucks, and toys. The converted garage guest suite includes its own bath, kitchen, and private entrance—ideal for a rental, extended family, or seamless integration into the main layout. Surrounded by multimillion-dollar new construction homes on Sunnyside Place, this property’s value is poised for growth. Best of all, no flood insurance required! Only a 5-minute drive to downtown Sarasota and 15 minutes to Siesta Key, with easy access to top stores like Trader Joe’s, Whole Foods, and Publix, this Southgate gem won’t last long. Schedule your showing today and discover the charm and convenience of this Sarasota retreat!
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William Raveis Real Estate
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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 | $679,920 | $679,920 | $679,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $205 | $205 | $205 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,410 | $4,354 | $5,970 |
Total Monthly Payment | $4,707 | $4,651 | $6,267 |
* 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.