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!
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$1,395,000
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 | $1,116,000 | $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.