This exceptional residence, located in the highly sought-after Residences at University Groves, is a true masterpiece. Designed by renowned Florida architect Don Evans and professionally decorated by Kay Green Model Home Interiors, this turnkey furnished home effortlessly combines timeless Florida Classical architecture with thoughtful, luxurious design elements throughout. Boasting remarkable curb appeal, the home welcomes you with a stately columned portico and a charming front porch, complete with a brick-paver walkway leading to the sidewalk—perfectly complementing the friendly character of this picturesque community. The expansive homesite is meticulously maintained with mature trees, and new landscape lighting throughout. Inside, a grand foyer with soaring ceilings greets you, showcasing stunning wood inlays and tile floors. Custom-built glass-door cabinets frame the entry, offering a touch of sophistication. The formal living and dining rooms create an ideal space for entertaining, while a breezeway leads you to a butler’s pantry and the heart of the home—the gourmet island kitchen. Featuring natural gas appliances, the kitchen opens to a spacious family room and café dining area, all overlooking the heated pool, spa, and outdoor kitchen—perfect for indoor/outdoor living. The kitchen boasts ample granite counter space, complemented by fine custom wood cabinetry. For casual living, the kitchen, family room, and café area seamlessly flow together, with a convenient half bath off the laundry room hallway. The first-floor master suite offers a tranquil retreat, complete with a dressing area, two large walk-in closets, and a separate shower and vanities. Upstairs, a 14' x 13' retreat with built-in cubbies and a desk workspace provides additional versatile living space. This area opens to two spacious bedrooms, a large bonus room, and two guest baths.
Equipped with a whole-home natural gas generator, the residence is prepared for any power outage. Additional features include two 2019 Carrier A/C units, an efficient natural gas tankless water heater, under-sink water filtration system, and the security of impact-resistant windows. The scenic and private outdoor pool area is picturesque and tranquil with custom lanai lighting and water features to complement your luxurious oasis. Enjoy entertaining outside with ample seating and your outdoor grill area poolside. The high-ceiling garage offers built-in storage, an epoxy-finished floor, and a metal attic ladder leading to additional storage space. Recent home improvements include fresh interior and exterior paint, automatic blinds, perimeter and lanai lighting, re-piped generator gas-line, new landscaping, lanai rescreening, new twin mattresses, lanai furniture, a new A/C blower motor, Pentair control system for the pool, and a new pool heater.
Located just minutes from downtown Sarasota, Lido Beach, and the University Town Center Mall, this home offers the perfect blend of luxury, comfort, and convenience.
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$1,100,000
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 | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.750% | 6.664% |
Monthly Tax Payment | $908 | $908 | $908 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,635 | $5,635 | $7,666 |
Total Monthly Payment | $6,668 | $6,668 | $8,699 |
* 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.