**THIS PROPERTY QUALIFIES FOR A 1. 5% LENDER INCENTIVE IF USING PREFERRED LENDER. INQUIRE FOR MORE DETAILS. ** Welcome to your new waterfront home in Bay Lake Estates, a deed restricted community just minutes from Bradenton Beach and Anna Maria Island. This spacious corner lot spans . 28 acres and features nearly 3, 600 sq ft of living space with 3 bedrooms, 2. 5 bathrooms, a loft, and a partially converted garage. For peace of mind, the 3 HVAC units along with the air handlers were all updated in 2019 along with a new water heater in 2023. Approach the home by a charming paver driveway and walkway surrounded by lush tropical landscaping, leading to an inviting front porch. Inside, you'll be greeted by 18-foot ceilings and recently installed porcelain tile floors. French doors provide serene glimpses of the tranquil pond, enhancing the peaceful ambiance. Additionally, a central vacuum system ensures easy cleanups throughout the home. The formal dining room showcases crown molding and chair railing, conveniently positioned near the updated kitchen. Beyond an oversized pantry with custom shelving and a convenient half bath, the chef's kitchen boasts custom cabinetry, granite countertops, and a large island featuring a prep sink and beverage fridge. NEW modern appliances include a 6-burner gas cooktop, ideal for culinary enthusiasts, as well as a never-before-used LG French door refrigerator, oven, and dishwasher, complemented by two new garbage disposals. Adjacent to the kitchen, a breakfast nook overlooks the pond, providing a perfect spot for casual dining. Upstairs, discover the private primary suite and a loft with a catwalk leading to an expansive balcony recently updated with new decking and wrought iron railing. This elevated space is equipped with two GFCI outlets and enhanced lighting, creating an ideal environment for enjoying peaceful views. The primary suite is a true retreat with French doors opening to the balcony, providing water views each morning. Two closets lead to the ensuite with custom tile floors, granite countertops, a soaking tub, a tiled shower, and a private water closet. Two additional bedrooms on the main level, tucked away off the family room through a pocket door, share a well-appointed bathroom, ideal for family or guests. French doors with retractable screens open to a covered tiled patio, surrounded by two additional paver patios adorned with awnings for extra shade. This outdoor oasis is perfect for both entertaining and relaxation, with ample space available for a future pool, spa, and outdoor kitchen. It's already equipped with a 220 electrical line, gas hookup, and fully enclosed outdoor shower offering hot/cold water, ready for your future outdoor enhancements. The garage was originally designed as a three-car tandem, with one space currently operational featuring resin flooring and cabinets for added storage. The second tandem space has been converted, now equipped with full electric power and air conditioning, offering versatile use as additional living space or reverted back to a garage. Residents of Bay Lake Estates benefit from a low monthly HOA that covers lawn maintenance, including mowing, trimming, fertilizing, and irrigation. Just minutes from shopping, dining, the IMG Sports Academy, Downtown Bradenton, Sarasota–Bradenton International Airport, and the stunning beaches of Anna Maria Island, this home offers access to all the best amenities and attractions the vibrant area has to offer.
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Our Executive Mortgage Banker:
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$850,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $680,000 | $680,000 | $680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.826% | 6.936% |
Monthly Tax Payment | $374 | $374 | $374 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,410 | $4,410 | $6,017 |
Total Monthly Payment | $4,876 | $4,876 | $6,483 |
* 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.