Huge Reduction! This riverfront horse property is the unicorn you've been dreaming of! Exceptional location close to beaches & city life with great facilities and income potential make this compound a rare find. Comprised of three buildings with an amazing location along the Braden River, this ranch offers exceptional opportunities for horse lovers, horse professionals and clever investors. The convenient west of the highway location offers famous beaches, city life in vibrant downtown Sarasota, and Sarasota Airport in less than 30 minutes’ drive. The UTC Mall, Lakewood Ranch and Sarasota Polo Grounds are minutes away. Ideal for snowbirds or frequent flyers with easy access to the Tampa and St. Pete airports, clocking just over an hour away. Equestrians will appreciate the proximity to Ocala and the World Equestrian Center, 2. 5 hours, as well as the many local venues like our new TerraNova Equestrian Center. The ranch consists of a main home with a screened pool, plus two-story outbuilding with office and tack room on first floor and a four-room apartment above on almost seven acres. Main home is two bedrooms, two baths with a huge bonus room. Amateurs and professional equestrians will appreciate the thoughtfully designed stable with 23 matted stalls and nine well-fenced paddocks. Several stalls offer rear doors that open to a paddock area. Stable amenities include three hot water wash stalls, three large grooming stalls, wide concrete aisles, good lighting, multiple fans and misting system. The stable also has a large feed room and office in addition to two garage bays. The lighted arena is approximately 130' X 215' with good footing and an irrigation system. Don't miss this serene waterfront horse farm convenient to world-famous beaches, great boating and fishing, the city life of Sarasota yet so close to major airports, as well as Ocala, Wellington and other equestrian venues. A variety of rental scenarios make this a rare opportunity, indeed. Total 3252 SF from tax records breakdown as follows: 1830 SF Main house; 711 SF office/Tack Room; 711 SF Apartment.
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Phone: 888.699.8876
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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 | $1,432,000 | $1,432,000 | $1,432,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.825% | 6.864% | 6.956% |
Monthly Tax Payment | $1,032 | $1,032 | $1,032 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,648 | $9,288 | $12,672 |
Total Monthly Payment | $10,805 | $10,445 | $13,829 |
* 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.