465 Cleveland DRIVE, Sarasota, FL, 34236 | $1,395,000

Discover the potential of this mid-century built home, located 2 blocks from Lido Beach on the Gulf of Mexico & near the heart of St. Armands Circle. This is a rare opportunity to restore this nearly 2000sf home to its original glory. Set on an impressive over quarter-acre lot, it is truly something to see. The paver driveway and walkway lead to an enclosed front porch with air conditioning and wood ceiling with two walls of windows. There are unique features within like tall ceilings, curved archways and octagonal glass windows in the 2. 5 car oversized garage. Roof was replaced in 2017. Step inside to a foyer that opens into a large living room and dining room combination, perfect for entertaining. The kitchen had been remodeled and now is a designers dream - how creative can you get?! adjacent is a family room which could be converted and used a variety of ways. At the rear of the home, the tiled Florida room with sliding doors provides direct access to the pool - perfect space for turning this into a very special spot for entertaining your guests. Much of the flooring is original terrazzo speckled in blues and greens. This property features two oversized bedrooms and bathrooms with a charming retro feel. Each bedroom has a cedar lined walk-in closet. The primary has a second walk-in while the guest has an additional large closet. The storage possibility in this house is amazing! Screened lanai cage surrounds the large rectangular pool with jetted spa and outdoor shower. The owners have loved this home the past 22 years. Your chance of a lifetime is here. While it has experienced some water damage from Hurricane Milton, it presents unique possibilities for continued restoration and customization to suit your tastes. ServPro completed 5 days of remediation in October. Embrace the chance to create your dream home in this very desirable location. South Lido County Park & Ted Sperling Park will be your spot to hike and see nature in all her glory. Grab a kayak tour for an up close and personal view of mangroves and sealife on Sarasota Bay! 7 blocks to the heart of St Armands Circle for shopping, entertainment and dining options. A short drive over the John Ringling Bridge Causeway takes you back to downtown Sarasota for theaters and nightlife. As mentioned before, Lido Beach and Beautiful white sandy beaches and turquoise waters await, just two blocks down Cleveland! The time has come to own your unique piece of paradise!

Features

  • Rooms: 10
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Laundry Room
  • Style: Florida, Traditional
  • Year Built: 1957
  • Garage: 2-car Garage Faces Side, Golf Cart Parking, Oversized
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,924
  • Acreage: 0.28
  • Est. Taxes: $7,904
  • Lot Desc: Corner Lot, Flood Insurance Required, FloodZone, Near Marina
  • Pool: Auto Cleaner, Gunite, Heated, In Ground, Salt Water, Screen Enclosure
  • Pet Policy: Yes
  • Appliances: Electric Water Heater
  • MLS#: N6135593
  • Days on Market: 4 days
  • Website: https://www.raveis.com
    /eprop/N6135593/465clevelanddrive_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 12/12/2024 6:25:14 AM)
Listing courtesy of Coldwell Banker Realty   Phone: 941-493-1000

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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

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465 Cleveland DRIVE, Sarasota, FL, 34236

$1,395,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,116,000 $1,116,000 $1,116,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.375% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.209% 6.498% 6.579%
Monthly Tax Payment $659 $659 $659
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,146 $6,962 $9,645
Total Monthly Payment $7,930 $7,746 $10,429

* 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.