1862 Prospect STREET, Sarasota, FL, 34239 | $1,895,000

Under contract-accepting backup offers. ACCEPTING BACK-UP OFFERS. Welcome to 1862 Prospect Street, "Big Banya. ” This rare find in Southside Village features three bedrooms and three bathrooms, combining old Florida allure with modern amenities. Built in 1928, (affective build date 2013) it offers 2, 439 square feet of living space on a half-acre lot adorned with beautiful gardens and majestic trees. As you enter, you are greeted by a foyer that leads into an immaculately maintained interior, which includes an inviting living room with a gas fireplace, a formal dining room, and a beautifully designed new kitchen. It boasts high-quality KitchenAid stainless steel appliances, granite countertops, white shaker cabinetry, a center island, and glazed brick flooring. It opens to a covered porch, making it the perfect spot for enjoying meals or sipping coffee. The primary ensuite bedroom is a serene retreat, featuring an updated spa bathroom, a generous walk-in closet, and an office with a gas fireplace that opens to a private porch. The home has a split layout; the two additional ensuite bedrooms, each equipped with an updated full bath and access to a lanai, provide guests with privacy and comfort. One of these rooms includes a kitchenette and a separate entrance leading to the backyard. The spacious backyard, ideal for outdoor activities and entertaining, is a standout feature of the property. An enclosed screen with a remote-controlled entryway surrounds the new saltwater pool, with an outdoor kitchen. Another entertaining area includes a tiki hut, fire pit, and a gorgeous Banyan tree with a hammock, creating a unique and picturesque space for relaxation. A covered breezeway connects the house to a three-car garage with a home gym area. A sail provides shade over the paver driveway leading to a separate two-story garage that functions as an artist's studio, making it a perfect space for creative pursuits. The owners have installed hurricane-impact windows and doors throughout the property, including the garage doors, ensuring safety and security. There has been no hurricane damage or flooding. Conveniently located just steps from dining and shopping in vibrant Southside Village, this property is within the top-rated Southside Elementary School district and is close to parks, beaches, and Sarasota Memorial Hospital. Its prime location offers a perfect blend of historic charm and modern comforts, ensuring a lifestyle of convenience and enjoyment.

Features

  • Rooms: 6
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: Laundry Room
  • Style: Craftsman
  • Year Built: 1928
  • Garage: 3-car Bath In Garage, Covered, Driveway, Garage Door Opener, Garage Faces Side, Guest, Oversized, Workshop in Garage
  • Heating: Electric
  • Cooling: Central Air, Mini-Split Unit(s)
  • Approx Sq. Feet: 2,439
  • Acreage: 0.51
  • Est. Taxes: $21,967
  • Lot Desc: City Lot, Oversized Lot, Sidewalk
  • View: Pool, Trees/Woods
  • Elem. School: Southside Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pool: Heated, In Ground, Lighting, Salt Water, Screen Enclosure
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Tankless Water Heater, Washer
  • MLS#: A4630148
  • Days on Market: 32 days
  • Website: https://www.raveis.com
    /eprop/A4630148/1862prospectstreet_sarasota_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 12/24/2024 11:57:17 PM)
Listing courtesy of COLDWELL BANKER REALTY   Phone: 941-366-8070

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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

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1862 Prospect STREET, Sarasota, FL, 34239

$1,895,000

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 $1,516,000 $1,516,000 $1,516,000
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 $1,831 $1,831 $1,831
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,833 $9,707 $13,415
Total Monthly Payment $11,789 $11,663 $15,371

* 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.