Rarely does an opportunity like this come to market—a chance to own a piece of Old Florida on over an acre of lush, private grounds. Nestled in total seclusion, this extraordinary compound offers panoramic views of Sarasota Bay, Siesta Key, Bird Key, the Ringling Bridge, and downtown Sarasota. The property features a Mid-Century modern home alongside a vacant lot, creating endless possibilities for expansion or development. Thoughtfully designed to capture the breathtaking scenery, the 3, 263-square-foot residence boasts 4 bedrooms, 4 bathrooms, and walls of windows and glass sliders that frame stunning vistas of mature oaks and sparkling blue waters. The great room is a highlight, with cypress-paneled walls, a cozy wood-burning fireplace, and sliders that open to a spacious outdoor terrace—perfect for entertaining or relaxing with friends. The kitchen is equally impressive, offering an island, solid wood cabinetry, quartz countertops, two oversized pantries, and a bar for casual gatherings. The formal dining room is a serene retreat, surrounded by glass sliders that bring the outdoors in. A den connects to two en-suite bedrooms, while the third bedroom is set apart for added privacy. The large office, with its soaring ceilings and walls of glass, offers versatility as a potential fifth bedroom. This remarkable property combines classic charm with modern livability and unlimited potential, making it a rare gem in the Sarasota market. The property is offered as a package of 2 parcels being sold together or separately, additional parcel 3348 Old Oak Drive, MLS# A4632299. Sold as Residential or Vacant land.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$6,500,000
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 | $5,200,000 | $5,200,000 | $5,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.296% | 6.622% | 6.680% |
Monthly Tax Payment | $1,231 | $1,231 | $1,231 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $33,727 | $32,868 | $45,298 |
Total Monthly Payment | $35,083 | $34,224 | $46,654 |
* 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.