5129 Coral Reef WAY, Lakewood Ranch, FL, 34211 | $529,000

Under contract-accepting backup offers. MOVE IN READY!!!! Lorraine Lakes in the heart of Lakewood Ranch is a brand-new MAINTENANCE FREE, GUARD GATED community with more AMENITIES than you can dream of. This newly built pristine VENICE model is 1, 849 square foot single level split floor plan home features 3 bedrooms including expansive master suite, 3 full baths, a large open kitchen, and a two-car garage with a paver stone driveway and tile roof. The expansive kitchen is light and bright with granite countertops, stainless steel appliances, walk-in pantry, and a large island with seating. The adjoining dining room and great room are ideal for socializing and entertaining. The spacious Master features 2 large walk-in closets, has an en suite bath, dual sink vanity, and a large walk-in shower. Elegant design elements and upgrades throughout include beautiful waterfront lot, upgraded cabinets, and much more. Room to build your own private pool or enjoy the community’s resort-style pool without the maintenance. Zoned for A-rated schools. The biggest decision you will have to make is what to do each day… Lorraine Lakes amenities consist of Resort style pool, Lap Lane Pool, Splash Pad, Restaurant, Bar, Coffee Bar, Clubhouse, Indoor Basketball and Volleyball court, Indoor Arcade, Fitness Center, Aerobics room, Putting Green, Tennis Courts, Pickleball Courts, Outdoor Basketball Court, Playground, Bocci Court, Sand Volleyball, Golf cart friendly community, and an Activities director for even more fun. Schedule a showing today! Room Feature: Linen Closet In Bath (Primary Bedroom).

Features

  • Amenities: Basketball Court, Cable TV, Clubhouse, Fitness Center, Gated, Maintenance, Pickleball Court(s), Playground, Pool, Tennis Court(s)
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 3 full
  • Style: Mediterranean
  • Year Built: 2023
  • Garage: 2-car Driveway, Garage Door Opener
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,849
  • Acreage: 0.17
  • Est. Taxes: $2,017
  • HOA Fee: $360 Monthly
  • Elem. School: Gullett Elementary
  • Middle School: Dr Mona Jain Middle
  • High School: Lakewood Ranch High
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4587592
  • Days on Market: 186 days
  • Website: https://www.raveis.com
    /prop/A4587592/5129coralreefway_lakewoodranch_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 6/1/2024 3:14:44 AM)
Listing courtesy of PREFERRED SHORE   Phone: 941-999-1179

William Raveis Family of Services

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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
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Evelio MirandaInsurance Sales Director, William Raveis Insurance

561.704.7334

Evelio.Miranda@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

5129 Coral Reef WAY, Lakewood Ranch, FL, 34211

$529,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $423,200 $423,200 $423,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.375% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 8.011% 7.171% 6.538%
Monthly Tax Payment $168 $168 $168
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,923 $2,813 $3,629
Total Monthly Payment $3,183 $3,073 $3,889

* 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.