7332 Phillips STREET, Sarasota, FL, 34243 | $199,900

WONDERFUL WEST OF THE TRAIL DEVELOPMENT OPPORTUNITY! Have you been spending countless hours staring at your phone into the wee hours of the morning scrolling through properties that just don’t fit the bill… not to mention driving the wheels off your car every weekend since God knows when trying to find the needle in the haystack? WE HAVE THE FIX, so put down the phone and save your gas money for more important things. Picture this… you’re sitting on the back porch of your NEW Florida Dream Home, overlooking the tranquil waters of your custom-designed pool, whilst sipping on your favorite brew and listening to birdsong; all the while being two streets removed from Sarasota Bay! Nestled in the peaceful and coveted Downtown Sarasota Suburb of Whitfield Estates, flanked by landmarks such as the Ringling Museum and a plethora of Historic Residences that have played host to some of the most esteemed members of high society going back 100 years, and serving as one of the ONLY remaining develop-able properties in the area. This pristine lot is the perfect opportunity to build to suit whether you fancy yourself a developer looking to achieve the highest price per square foot, or a family looking to build their Florida dream home; the choice is yours. This property is further enhanced boasting an optional HOA of ONLY $30. 00 annually, NO CDD FEES, and minimal restrictions. Whether you’re an avid boater looking to take advantage of the community boat ramp, or you like being close enough… yet just far enough away from the hustle and bustle of the shops and local eateries of Downtown Sarasota or a short ride from one of our many world-renowned beaches; this slice of paradise affords something for everyone. It’s commonly been said “The value is in the land”, and in case you haven’t noticed… they’re not making any more of it anytime soon. DO NOT ALLOW THIS OPPORTUNITY TO SAIL OFF INTO THE SUNSET WITHOUT YOU!

Features

  • Lot Size: 64 x 159 x 65 x 163
  • HOA Fee: $30 Annually
  • Lot Desc: Buildable, Cleared, Level, Near Public Transit, Sidewalk, Unincorporated
  • View: City, Water
  • Elem. School: Florine J. Abel Elementary
  • Middle School: Electa Arcotte Lee Magnet
  • High School: Bayshore High
  • Pet Policy: Yes
  • MLS#: A4630881
  • Days on Market: 6 days
  • Website: https://www.raveis.com
    /prop/A4630881/7332phillipsstreet_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 12/11/2024 8:47:07 PM)
Listing courtesy of KELLER WILLIAMS ON THE WATER   Phone: 941-729-7400

William Raveis Family of Services

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888.699.8876

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Yokadi MejiaInsurance Sales Director, William Raveis Insurance

561.335.7966

Yokadi.Mejia@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

7332 Phillips STREET, Sarasota, FL, 34243

$199,900

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $159,920 $159,920 $159,920
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.300% 6.778% 6.034%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,037 $1,024 $1,328
Total Monthly Payment $1,112 $1,099 $1,403

* 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.