5188 Balmor TERRACE, North Port, FL, 34288 | $565,900

This property in North Port, Florida sounds like a fantastic opportunity for anyone seeking versatility, space, and a prime location with No HOAs. Here’s a breakdown of some of the key features and highlights:

Property Overview:
Location: North Port, Florida – a growing, vibrant community close to beaches, boating, golf, and more.
Lot Size: Two large lots providing plenty of space for parking, hobbies, or just enjoying natural privacy.
Size: 2, 203/2, 887 sq. ft. of living space with plenty of room for family, guests, and activities.
Home Features:
Bedrooms: Three bedrooms plus a den/office, perfect for remote work or additional guest space.
Bathrooms: Two bathrooms, including updated features.
Garage: Attached two-car garage, plus a medium-sized RV or tandem 1-car detached garage, large enough for a pickup truck.
Pool & Spa: A beautiful pool with spa, accessible through sliding glass doors.
Outdoor Living: Spacious and fully fenced yard with plenty of room for entertaining, building, or relaxing.
Interior Highlights:
Living Areas: Vaulted ceilings, impressive flooring, and separate living, dining, and family rooms. Plenty of space to entertain or enjoy quiet time.
Storage: Ample storage throughout, including in the garages and laundry room.
Kitchen: Modern kitchen with tall cabinets and beautiful countertops.
Updates: New high-grade shingle roof and many updates throughout the home.
Additional Features:
RV and Boat Parking: Space for your toys, whether it’s a boat, RV, or golf cart.
Workshop Potential: The detached garage can easily be converted into a large workshop for any DIY projects or hobbies. Four large sheds on the property for storage, lawn mower, toys or work areas.
No Flood Zone: The property is in a high and dry location, offering peace of mind.
Location Perks:
Proximity to Attractions:

Close to Myakka River, Peace River, Charlotte Harbor, and the Gulf of Mexico, with access to boat ramps.
Nearby attractions include nature parks, spring training stadiums, and renowned beaches.
Just a short drive to Fort Myers, Sarasota, Tampa, and other popular Florida destinations.
Amenities: Close to dining, shopping, medical facilities, and recreational options like golfing and fishing.

Retirement Destination: Charlotte Harbor was voted the #1 Best Place to Retire, making it an ideal spot for those looking to enjoy a relaxed, sunny lifestyle.

Call to Action:
This is a fantastic opportunity to own a home with plenty of space for both living and hobbies. With its spacious layout, updated features, and prime location near some of Southwest Florida's best amenities, this property is perfect for anyone who loves Florida’s outdoor lifestyle. Don’t miss out—contact us today to schedule your showing!

Features

  • Rooms: 14
  • Bedrooms: 3
  • Baths: 2 full
  • Lot Size: 160 x 125
  • Laundry: Laundry Room
  • Style: Custom, Florida, Ranch
  • Year Built: 2003
  • Garage: 3-car Garage Door Opener, Other, Oversized, RV Garage
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,203
  • Acreage: 0.46
  • Lot Size: 160 x 125
  • Est. Taxes: $2,858
  • Lot Desc: In County, Landscaped, Oversized Lot
  • Elem. School: Atwater Bay Elementary
  • Middle School: Woodland Middle School
  • High School: North Port High
  • Pool: Gunite, In Ground, Lighting, Salt Water, Screen Enclosure
  • Pet Policy: Yes
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Kitchen Reverse Osmosis System, Microwave, Range, Refrigerator, Water Softener
  • MLS#: C7502502
  • Days on Market: 17 days
  • Website: https://www.raveis.com
    /prop/C7502502/5188balmorterrace_northport_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 1/22/2025 10:47:07 PM)
Listing courtesy of KW PEACE RIVER PARTNERS   Phone: 941-875-9060

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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5188 Balmor TERRACE, North Port, FL, 34288

$565,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $452,720 $452,720 $452,720
Term 360 months 360 months 180 months
Initial Interest Rate** 6.875% 6.990% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.191% 7.159% 6.392%
Monthly Tax Payment $238 $238 $238
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,974 $3,009 $3,851
Total Monthly Payment $3,304 $3,339 $4,181

* 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.