Bathed in natural light, with highly sought after southern lanai exposure, is this stunning and meticulously maintained custom built John Cannon home in The Oaks Clubside. With 4 bedrooms, and 3 full and one half bathrooms, there is room for loved ones and guests, making it ideal for grand entertaining or peaceful and serene poolside relaxation. Enter through the elegant custom etched glass front doors into the bright and airy marbled floored foyer. This gleaming expanse of marble highlights a glamourous formal dining room and a formal living room with fireplace. The chef’s kitchen boasts exotic granite, custom cherry cabinets, Thermador appliances, reverse osmosis water system, and multiple pantries for ample storage. The extraordinarily spacious and tranquil master suite features French doors leading onto the sun-lit lanai. The master suite offers dual custom California closets with a bonus custom floor-to-ceiling wardrobe room. The luxurious spa-like master bath has his and hers private water closets, a free standing bathtub, his and hers sinks, and a vanity area all with marble counter tops. The large, upgraded laundry room features custom cabinets with granite countertops and an additional free-standing refrigerator and freezer. Experience the relaxing ambiance of the outdoor lanai with a cozy firepit, lighted water bowls, whole house surround sound, and a saltwater pool providing perfect tranquility. The lush tropical landscaping, with vibrant flower beds overflowing with blooms, creates a welcoming, idyllic tropical setting. Add to the abundant touches and lovely aesthetics, such as elegant chandeliers throughout the home, practical and useful features like a WHOLE HOUSE 20KW GENERATOR, a 3-car garage with custom cabinets, overhead storage and finished flooring, and hurricane protection shutters, and you know you have found the perfect place to live the country club lifestyle on Florida’s gorgeous Gulf Coast. You will delight in this graceful, inviting home. Membership in The Oaks, Sarasota’s finest golf and country club, is required with homeownership. With two distinctly unique 18-hole championship golf courses, 12 HAR-TRU tennis courts (4 lighted), croquet and pickle ball courts, a state-of-the art fitness center, fine and casual dining options, and a wealth for social events, The Oaks is truly Sarasota’s premier golf and country club. INITIATION FEES GOING UP ON 2/1/2025. BUY NOW BEFORE THE INCREASE
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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 | $2,000,000 | $2,000,000 | $2,000,000 |
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 | $869 | $869 | $869 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,972 | $12,806 | $17,698 |
Total Monthly Payment | $13,966 | $13,800 | $18,692 |
* 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.