Owner has reduced price to a point creating an exciting opportunity to own one of Sarasota’s great estates. Discover the perfect blend of elegance and privacy on this 1. 6-acre estate nestled within Cherokee Park, one of the most sought-after mainland neighborhoods in Sarasota. Tucked away on a small street at the end of Southwest Drive, this double lot estate is in a beautiful setting unlike any other property along the Bayfront. With its traditional architectural style and gated entry, this home offers a serene haven away from the world. An unprecedented secret lies at your rear doorstep—an extraordinary boat basin along the bay front, dredged to accommodate most any boat. For water enthusiasts, this is a dream come true with two boat lifts (10, 000 lb. and 16, 000 lb. capacities). Your sanctuary is set back from the shoreline, ensuring complete seclusion and uninterrupted peace as you revel in the tranquil surroundings. A masterpiece by design, this architectural gem was designed by the esteemed architect, Clifford Scholtz and brought to life by the renowned Rich Perrone of Perrone Construction. Every detail reflects their commitment to quality and craftsmanship. Step inside to a meticulously planned layout, featuring a great floor plan with an elaborate primary suite and exercise room located on the main level. For those who love to entertain, the party-scale media room is the ultimate experience complete with a bar and multiple TVs for the sports enthusiast. Five-bedroom suites await your personal touch. This home also includes a Mahogany wood paneled office, a formal dining room, and a captivating saltwater fish tank that serves as the focal point of the kitchen and breakfast room. Covered patios and loggias extend from the most major rooms, creating ideal space for relaxation and enjoyment. A detached oversized 3 car garage with a covered walkway to the main residence has excessive space for storage or workshop activity. Step into the expanded screened outdoor room, complete with double TVs and the largest Wolf outdoor gas grill available and a Subzero refrigerator. The Chicago brick flooring adds style and durability. The free form dream pool, paved in Chicago brick, is a haven for leisure and outdoor entertainment. Subdivide the lot for an additional building lot that has it’s own private gated entry in place or use a portion of the expansive lotto build your guest house, tennis court, or pickleball court – the possibilities are endless. The home is equipped with a brand-new whole house generator. Specimen trees, lush landscaping, and ancient oaks frame the home, creating a stunning natural backdrop for your daily life. Your dream home awaits, a harmonious blend of luxury and practicality. Don’t miss the opportunity to make it yours. Schedule your viewing today and step into a world of timeless elegance and exceptional living.
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Our Executive Mortgage Banker:
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$10,500,000
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 | $8,400,000 | $8,400,000 | $8,400,000 |
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 | $4,305 | $4,305 | $4,305 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $54,482 | $54,482 | $74,332 |
Total Monthly Payment | $58,911 | $58,911 | $78,761 |
* 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.