Step into the enchanting world of Sarasota's history and architecture with this meticulously maintained mid-century modern residence in the coveted Whitfield Estates of Sarasota. Originally built by decorated World War I General Elliott Thorpe and once owned by the eminent dance critic and writer, Bent Schonberg, this home embodies a legacy of distinction. More recently, it has been carefully curated by a local architect, whose expertise is evident in every thoughtful update and enhancement. As you enter through the artfully designed gardens, the home welcomes you with open arms. The main living spaces are bathed in natural light, thanks to walls of windows that seamlessly blend the indoors with the meticulously landscaped outdoors. The spacious living room serves as the heart of the home, large windows that frame the picturesque views of the surrounding greenery. The kitchen is a modern masterpiece equipped with stainless steel appliances, a European gas range, and clean-lined cabinets. It's a culinary haven that seamlessly combines style and functionality. This property is not just a stunning residence; it's a lucrative investment opportunity. With an impressive track record, this home generated $110, 000 in bookings in 2024 and already has reservations booking into April of 2025 signaling yet another strong year for potential rental income. The potential turnkey nature of this Airbnb success story allows for a seamless transition for the next owner to continue capitalizing on Sarasota's thriving tourism market. While preserving its mid-century charm, the home has undergone significant upgrades, including a new roof, Trane AC unit, updated electrical and plumbing systems, and energy-efficient windows. All major expenses have been meticulously addressed, providing peace of mind for the fortunate new owner. Set on nearly half an acre, the backyard offers a spacious open area which overlooks the heated saltwater pool & spa. Don't miss the chance to own a piece of Sarasota's architectural history and a thriving Airbnb income generator. Schedule a showing to experience the unique allure of this mid-century modern pool home in Whitfield Estates. Your dream home and investment await!
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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 | $636,000 | $636,000 | $636,000 |
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 | $700 | $700 | $700 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,125 | $4,072 | $5,281 |
Total Monthly Payment | $4,917 | $4,864 | $6,073 |
* 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.