Experience desirable Florida living in this well-appointed Covington Estate Home located in Riverside, an exclusive, privately gated community within the sought-after Riverwood Golf Course neighborhood. With a NEW ROOF and countless upgrades, this home is ready for you to move in and enjoy! Enter through the grand 16-foot foyer with elegant arches and pillars, and be greeted by a space filled with natural light and fine craftsmanship. The 12-foot tray ceilings, quality laminate flooring, crown molding, plantation shutters, and custom niches all come together to create a warm, comfortable ambiance. The living room is a true highlight, featuring telescoping sliding doors that seamlessly open to the outdoors. Step onto the spacious brick lanai and dive into your heated saltwater pool with cascading water features—your own private oasis under the Florida sun. The chef’s kitchen, open to the living room, is both functional and stylish, boasting solid wood cabinets, granite countertops, a center island, breakfast bar, stainless steel appliances (including an induction range), and a tiled backsplash with under-cabinet lighting. The cozy dining nook with aquarium-style windows offers stunning views of the pool area, while the formal octagonal dining room, complete with a coffered ceiling, is perfect for entertaining. The split floor plan ensures privacy for all. The primary suite is a retreat in itself, featuring a coffered ceiling, a custom walk-in closet, dual sinks, a garden tub and a tiled walk-in shower. One of the three guest rooms includes an ensuite bathroom with pool access, while the additional guest rooms share a thoughtfully designed bathroom. The den/office provides a quiet space to work or unwind. Additional highlights include a 50-year transferable warranty on the roof, roll-down hurricane shutters, impact-resistant windows, a reverse osmosis water system, a water softener, new lanai screens, and a full laundry room with storage and a sink. An oversized two-car garage adds convenience and extra space. Living in Riverwood means access to unparalleled amenities, including a highly acclaimed par-72 championship golf course (based on availability), a resort-style pool with lap lanes, a state-of-the-art fitness center, and six brand-new pickleball courts. Tennis enthusiasts will love the six Har-Tru courts, and outdoor adventurers will appreciate being just minutes from world-class fishing, boating, dining, and shopping. Situated perfectly between Sarasota and Fort Myers on Florida’s Gulf Coast, this home is a true gem. As a bonus, this property includes a coveted TRANSFERABLE PRIVATE RIVERWOOD BEACH CLUB MEMBERSHIP on MANASOTA KEY, giving you access to even more coastal paradise. Don’t wait—schedule your private tour today and make this dream home yours
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William Raveis Mortgage, LLC
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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 | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.000% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.182% | 6.412% |
Monthly Tax Payment | $724 | $724 | $724 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,253 | $4,253 | $5,437 |
Total Monthly Payment | $5,069 | $5,069 | $6,253 |
* 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.