Located in the coveted Harbor Acres, one of Sarasota’s most exclusive and established neighborhoods, this oversized lot (16, 828 square feet) offers endless possibilities. Whether you’re looking to build your dream home or restore the charming ranch-style residence currently on the property, the options are plentiful.
The spacious lot is perfect for new construction, allowing you to create a large, custom home in a prime location. Alternatively, the existing ranch home features a generous open floor plan that can be revitalized to suit your style. The current owner has a FEMA appraisal available, providing more flexibility for buyers interested in restoration.
Harbor Acres is ideally situated just moments from downtown Sarasota, with easy access to dining, shopping, Sarasota Memorial Hospital, Osprey Village, Selby Gardens, and Sarasota's beautiful bayfront. Don’t miss your chance to live in this exceptional community. Make your dream of owning a home in Harbor Acres a reality! Home is also as vacant land MLS# A4633150
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Our Executive Mortgage Banker:
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$2,300,000
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 | $1,840,000 | $1,840,000 | $1,840,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $843 | $843 | $843 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,934 | $11,782 | $16,155 |
Total Monthly Payment | $12,902 | $12,750 | $17,123 |
* 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.