Unique opportunity for a 4-5 bedroom lakefront compound on over 1. 5 acres, centrally located to the area’s top attractions. This property features numerous extras, including an in-law apartment (ideal for a relative or rental income) and a sturdy steel barn (perfect for safely storing cars, an RV, or a boat) set on a spacious lakefront lot with no HOA restrictions. The home spans over 3, 600 sq ft and includes 3 beds, 3 ½ baths, offering expansive lake views from the heated saltwater pool. A bonus room serves as an excellent media/game room, or with minor modifications, could be transformed into a 5th bedroom. The in-law apartment, spanning over 600 sq ft, is connected to the main home but is currently accessed exclusively through an exterior entrance. The apartment features a cozy cottage vibe and includes a kitchen with breakfast nook, full bathroom and a spacious bedroom with two closets. Simple drywall modifications could reintegrate the apartment into the main home. The large kitchen features multiple prep areas and sinks, solid wood cabinets, and water views from the breakfast bar. Unique architectural elements include interior archways, angled ceilings, a courtyard fountain, and a sloping metal roof with a cupola. Built with sturdy steel construction and well-maintained, the next owner can enjoy peace of mind with a resilient standing seam metal roof, newer HVAC units and updates to the pool. The next owner will appreciate the unique charm and character of this home, along with the array of potential uses – rental income, vehicle/boat storage or as a multigenerational compound. The 1. 8 acre property is centrally located to Downtown Sarasota and Bradenton with SRQ International Airport a short drive away. Reach out for floor plan, survey and other supporting documentation or to view this unique lakefront setting in person. Bring your imagination and big toys!
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William Raveis Real Estate
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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 | $679,200 | $679,200 | $679,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.200% | 6.748% | 6.786% |
Monthly Tax Payment | $458 | $458 | $458 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,519 | $4,349 | $5,963 |
Total Monthly Payment | $5,069 | $4,899 | $6,513 |
* 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.