7420 Newham LANE, Sarasota, FL, 34240 | $1,299,000

WHY WAIT TO BUILD?? THIS BRAND NEW CITY HOME IN WATERSIDE'S EMERALD LANDING IS READY NOW!!! Situated in a premier location, this residence offers unparalleled panoramic water views! Experience resort-style living at its finest in this meticulously designed three-bedroom, three-and-a-half-bath home. The first floor features a private bedroom with an en-suite bathroom and a convenient elevator providing seamless access to all three levels. Ascend to the second-floor main living area, where a gourmet kitchen awaits. Outfitted with high-end appliances, quartz countertops, a spacious center island, and upgraded wood cabinetry, this culinary space is both functional and elegant. The kitchen flows effortlessly into a generous great room, where expansive windows showcase breathtaking scenery. Step onto your private lanai, adorned with pavers, ideal for morning coffee or intimate dinners with friends. The third floor hosts an additional bedroom with an en-suite bathroom, along with the luxurious primary suite. This retreat boasts luxury vinyl flooring, a spa-like bathroom with a walk-in shower, dual sinks, and an oversized walk-in closet, ensuring comfort and sophistication. Emerald Landing at Waterside offers residents a wealth of amenities, including a resort-style pool with lap lanes, pergolas, a cabana, pickleball courts, a fire pit, and a dog park. Additionally, a boat dock with a ferry provides convenient access to nearby retail centers. This home also provides the convenience of maintenance-free living, with the HOA covering exterior landscaping, irrigation, and exterior home maintenance. Discover the epitome of lakeside living at Waterside in Lakewood Ranch, a premier master-planned community in Sarasota County. Spanning over 5, 000 acres, Waterside is thoughtfully designed around seven pristine lakes, offering residents unparalleled waterfront views and a serene environment. Waterside Place is the community’s vibrant town center and boasts a selection of shops, restaurants, and cultural venues. It is set to become a cultural hub with the inclusion of The Players Centre for Performing Arts, enriching the community’s cultural scene. Residents can enjoy an active lifestyle with access to amenities such as a clubhouse, fitness center, swimming pool, tennis and pickleball courts, and scenic walking trails. The abundance of lakes provides opportunities for boating, fishing, and other water-based activities. With over 20 miles of shoreline and acres of nature preserves, Waterside seamlessly integrates natural landscapes with modern living, offering a tranquil retreat for its residents. This exceptional home is ready for you to enjoy the perfect combination of luxury, convenience, and community. Schedule your private showing today!

Features

  • Amenities: Pool, Recreation Facilities
  • Rooms: 5
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: Laundry Room
  • Year Built: 2024
  • Garage: 2-car Garage Door Opener
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,355
  • Acreage: 0.05
  • Est. Taxes: $2,902
  • HOA Fee: $1,200 Quarterly
  • View: Water
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer, Wine Refrigerator
  • MLS#: A4635617
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /eprop/A4635617/7420newhamlane_sarasota_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 1/14/2025 11:55:13 PM)
Listing courtesy of RE/MAX ALLIANCE GROUP   Phone: 941-758-7777

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

7420 Newham LANE, Sarasota, FL, 34240

$1,299,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,039,200 $1,039,200 $1,039,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.750% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.239% 6.849% 7.037%
Monthly Tax Payment $242 $242 $242
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,001 $6,740 $9,268
Total Monthly Payment $7,368 $7,107 $9,635

* 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.