Rare opportunity to own this exquisite Estate Home on Lemon Bay, boasting Main House and separate Guest Residence to host family, friends or rental opportunity. This exceptional waterfront property sits on over an acre lot, at a wide portion of Lemon Bay, showcasing magnificent water views and spectacular sunsets.
No attention to detail has been overlooked. This 2+ year renovation is the epitome of quality. The Main House is 2 Bed | 2. 5 Bath offering large primary suite overlooking Lemon Bay with spa-like bath. The expansive kitchen is chef-ready with Signature custom cabinetry in a gorgeous rift sewn white-oak, Cambria Inverness Gold used throughout, 8-burner Wolf range with custom Rutt hood and hutch, 5 ft. Galley sink, Subzero refrigerator, Brizo pot filler, 2 dishwashers and undercounter microwave drawer. The open floor concept between kitchen, dining and living room make this perfect for entertaining. Open the 16 ft. glass slider out to the saltwater pool and spa featuring custom outdoor kitchen and dining area with Nacardo quartzite stone. This waterfront gem includes a bonus room that is being used for billiards, laundry/mudroom with abundant storage, pantry, guest closet and Safe Room closet. The guest house includes 2 Bed | 1 Bath with full kitchen and laundry downstairs and 1 Bed | 1 Bath with full kitchen upstairs. The guest house has its own private saltwater pool, infinity spa, with an RV pad next to the building.
Both properties recently completed 2+ year extensive interior and exterior renovations. The Main House was a complete rebuild with 7 inches of concrete poured onto the slab to raise the elevation of the property to 13’ allowing optimal insurance coverage and the flood insurance policy is transferable!! There was no water intrusion during the previous 3 named storms (or previously at 12. 5’). Sustainability features include a new 1000-gal propane tank for main house and guest house, new whole-house generators and a 3-year old 500-gal propane tank runs main house new Wolf range, outdoor kitchen, tankless water heater and two freestanding firepits. New electric, plumbing, metal roof, closed cell foam insulation, hurricane windows and doors, and exterior hurricane straps throughout the Main House.
The list of enriched amenities to this Serene Retreat are too many to list. However, a published description can be provided to the serious inquirer. Contracts for new pool cage at Main House and dock repairs to be completed late January 2025. This home has been impeccably renovated to meet the highest standards of today’s buyers. Whether this is your primary or secondary residence, enjoy the essence of one of the area’s most coveted locations. Private or commercial air travel is nearby in Venice, Sarasota, and Punta Gorda.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,200,000
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 | $3,360,000 | $3,360,000 | $3,360,000 |
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% | 6.510% | 6.599% |
Monthly Tax Payment | $1,246 | $1,246 | $1,246 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $21,514 | $20,962 | $29,039 |
Total Monthly Payment | $22,885 | $22,333 | $30,410 |
* 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.