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Quiet Corner-Unit Condo in the Heart of Sarasota!
This 1, 026 sq. ft. corner-unit condo in Magnolia Place offers a bright, open living space with vaulted ceilings and abundant natural light. The tile floors add easy-care elegance, while the cozy balcony—overlooking a peaceful courtyard with grass and mature trees—provides a private retreat for morning coffee or evening relaxation.
Perfect for a first-time buyer, seasonal resident, or anyone looking to downsize, this home features a low-maintenance, lock-and-leave lifestyle. There’s one assigned parking space, and the community’s tranquil setting gives you the best of both worlds—serenity at home with city conveniences just minutes away.
UTC Mall is only moments from your door, offering luxury shopping, gourmet dining, and seasonal attractions like winter ice skating. You’re also within easy reach of cultural gems such as the Ca’ d’Zan, Asolo Repertory Theatre, Sarasota Ballet, and the world-famous Ringling Museum of Art. Downtown Sarasota is a quick 15-minute drive, and the area’s award-winning beaches are close at hand—Siesta Key (30 minutes), Lido Beach (25 minutes), and St. Armands Circle (20 minutes) with its charming European-inspired ambiance and 140+ shops, galleries, and restaurants.
With nearby parks like Longwood Park, a vibrant arts scene, and endless dining and shopping, this condo delivers the ideal Sarasota lifestyle—whether you’re here full-time or part of the year.
Even better, "with the right offer", Seller will consider a credit at closing to prospective Buyers for purposes such as: buying down their mortgage rate, covering closing costs or other allowable items. . .
One or more photo(s) has been virtually staged to help showcase the intended use and true potential of spaces in the home. All information is deemed reliable, measurements are approximate, buyer to verify all prior to closing.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$199,900
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $159,920 | $159,920 | $159,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.280% | 5.609% |
| Monthly Tax Payment | $41 | $41 | $41 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $908 | $972 | $1,296 |
| Total Monthly Payment | $1,024 | $1,088 | $1,412 |
* 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.