Unlock the potential of this expansive nearly five-acre property nestled in a sought-after part of Sarasota, offering the perfect canvas to build your dream home and create a private oasis for your family. The property features a five-bedroom, 3, 800 square-foot home with a refreshing swimming pool, providing a comfortable living space amidst the lush surroundings. The main residence boasts spacious interiors, highlighted by newer impact windows (installed in 2019), a large great room, sunroom, and an eat-in kitchen overlooking a cozy family room with a fireplace. Sleek tile and vinyl flooring, along with wood accents, create a stylish and contemporary atmosphere throughout the home. The private primary suite offers a serene retreat, while four guest bedrooms ensure ample space for family and visitors. Outside, the pool deck provides a tranquil setting for relaxation, enclosed with a safety fence for peace of mind. Situated just minutes away from highway access, the property offers easy commuting while still maintaining a sense of seclusion. Positioned in the path of progress within Sarasota, this expansive estate presents endless possibilities for customization and development. Formerly known as 'The Canine Academy, ' this unique parcel of land comes with county approval to operate an on-site kennel, also making it an ideal opportunity for dog enthusiasts or those seeking additional income potential. The professionally designed kennel (updated in 2008), equipped to accommodate approximately 24 dogs, offers added convenience for those interested in canine-related businesses. With amenities such as a grooming area, half bathroom, dog run, and separate office, the kennel is ready to operate smoothly. Don't miss out on this exciting opportunity to create your own slice of paradise in Sarasota. Whether you're looking to build your dream home, operate a kennel, or explore other income-generating ventures, this property offers the perfect blend of privacy, convenience, and potential. Secure your piece of paradise today.
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:
$1,699,000
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 | $1,359,200 | $1,359,200 | $1,359,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.235% | 6.723% | 6.826% |
Monthly Tax Payment | $1,138 | $1,138 | $1,138 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,816 | $8,703 | $11,934 |
Total Monthly Payment | $10,079 | $9,966 | $13,197 |
* 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.