Pre-Construction. To be built. Nestled in the highly sought-after South Gate neighborhood, this 10, 655-square-foot lot presents a remarkable opportunity to create a custom residence in one of Sarasota’s most desirable areas. Just minutes from downtown, this prime location offers seamless access to a vibrant lifestyle filled with top-rated restaurants, boutique shopping, and cultural landmarks such as the Ringling Museum and the Sarasota Opera House.
For outdoor enthusiasts, the proximity to Lido Key Beach, Siesta Key Beach, and the scenic Bayfront Park provides endless opportunities for recreation and relaxation. Golf lovers will appreciate being near Sarasota’s renowned courses, while the South Gate community itself enhances the appeal with its optional HOA membership. With an affordable fee of $100 for association-only membership or $200 for association and pool access, residents can enjoy exclusive events and amenities within the neighborhood.
Whether you’re envisioning your dream home or a standout investment project, this property offers the perfect canvas to bring your vision to life. Don’t miss the chance to establish yourself in this coveted location and experience all that Sarasota has to show.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$2,200,000
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 | $1,760,000 | $1,760,000 | $1,760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.148% | 6.748% | 6.786% |
Monthly Tax Payment | $415 | $415 | $415 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,562 | $11,269 | $15,453 |
Total Monthly Payment | $12,102 | $11,809 | $15,993 |
* 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.