This stunning lakeview home has four bedrooms, and three and a half baths and is situated in Arbor Lakes, one of Palmer Ranches most amenity rich communities. The main living area has serene lake views from every room on the main floor. The large kitchen was enhanced with the optional dining space when it was build. There is a large island, plenty of cabinets, and an enormous island for the family or to easily entertain around. There is an extended patio beyond the screened in porch and there is plenty of room for a pool in addition to the large community pool that is nearby. This home has a true three car garage. There is a single garage on the right side of the home for an additional car, boat, or extra storage. This home is very substantial as you enter the 8’ double entry doors. The foyer is light and bright, featuring an upgraded staircase with wood spindles and railings with ceilings open to the second story. The second story entry leads into a spacious family room with an extraordinary tray ceiling detail and crown moldings. The main floor great room shares the space with a gourmet kitchen featuring 42" cabinets, large island, and quartz countertops. The kitchen is spacious, featuring an optional breakfast nook dining area upgrade, with beautiful lake views and a large kitchen island with additional seating. Stainless steel appliances including gas cook top and oven, microwave oven, and a large amount of quartz counter space. Gorgeous plank tile flooring throughout the downstairs. The first floor master has double walk-in closets and has peaceful lake views, a large master bath with dual sinks & shower. The 2nd floor features 3 generous size bedrooms. One bedroom has an ensuite bath and walk-in closet, 2 more bedrooms, plus a full bath are located in the hall. You’ll love the 2nd floor multi-purpose room too: a great media room and or home office retreat (pre-wired for home theater speakers) delivering sweeping rear yard lake views. Screened lanai with awesome water views is pre-wired for two ceiling fans. Arbor Lakes is a special community within Palmer Ranch with many amenities including a large resort-style pool, spa, pirate playground & splash park, basketball court, sand volleyball, firepit, BBQ area, and covered pavilion. The community is in A-rated Sarasota school district of Ashton Elementary, Sarasota Middle, and Riverview High. Siesta Key beach is about 6 miles away, and all the culture and arts of downtown Sarasota are just a short 15 minute drive.
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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 | $711,920 | $711,920 | $711,920 |
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 | 7.606% | 6.622% | 6.680% |
Monthly Tax Payment | $459 | $459 | $459 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,618 | $4,500 | $6,202 |
Total Monthly Payment | $5,169 | $5,051 | $6,753 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.