421 Cleveland DRIVE, Sarasota, FL, 34236 | $3,200,000

VALUABLE LAND | NEW CONSRUCTION

This 14, 962 sqft piece of land sits on lots 5 and 6 in the Derringers Resub-division. According to the City of Sarasota Building Department you have the flexibility of a complete remodel, add -ons, separate new build or a demolition, but the buyer is responsible for approval. This home is sustainable and in very good shape for a Lido Key original. You see the pics, and what you see is what you get! However, this could also be the PERFECT OPPORTUNITY TO BUILD YOUR FOREVER HOME!!!! Especially, if you are seeking a complete tear down project to design YOUR BRAND NEW LUXURIOUS HOME. Envision your customize home sitting two stories above a multi car garage that protects your classic and/ or vintage cars, or perhaps your luxury and/ or rare cars; along with family water toys like boats, kayaks, etc. YOU CAN BE THE CREATOR TO YOUR NEW HOME with a gourmet kitchen, luxurious bathrooms that can include a spa for some Zen style relaxation. In addition, you have the flexibility to creating trendy bedrooms, or have the royalty add-ons since you are in a Worldly desired location of Lido Key, Florida. YOUR LUXURIOUS HOME PROJECT could fit your idea of outdoor entertainment, home theater comfort, or a roof top extravaganza! Not to mention, there's plenty of space tp customize your home office that has built in smart home technology, and so much more!! Did I mention you are only steps to Lido Beach, a drive over the John Ringling Causeway bridge and you made it to downtown Sarasota. Drive over the Long Boat Key bridge and you made it to the golf courses. You're close to the Sarasota / Bradenton Airport, State College of Florida, Ringling College of Art & Design, University of South Florida, New College, Keiser University, and the IMG Academy. You will also find that you are close to restaurants, entertainment, museums, shopping, art galleries, out door activities, and we have world wide sporting events held at Benderson Park and more! All you have to do is visualize the 14, 962 sqft details of your home in front of a builder, an architect, a developer and an engineer, or just me and I can introduce you to the experts that will make your dream come true!

Features

  • Amenities: Golf Course, Park, Playground, Pool
  • Lot Size: 125 x 113
  • Lot Desc: Buildable, Landscaped, Near Marina, Near Public Transit, Other, Oversized Lot
  • View: City, Garden, Pool
  • Elem. School: Pine View School
  • Middle School: Sarasota Middle
  • High School: Pine View School
  • Pet Policy: Cats OK, Dogs OK
  • MLS#: A4606676
  • Days on Market: 30 days
  • Website: https://www.raveis.com
    /prop/A4606676/421clevelanddrive_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 5/28/2024 4:55:38 AM)
Listing courtesy of KELLER WILLIAMS ON THE WATER S   Phone: 941-803-7522

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!
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  • 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

421 Cleveland DRIVE, Sarasota, FL, 34236

$3,200,000

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 $2,560,000 $2,560,000 $2,560,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 7.000% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.851% 7.115% 7.061%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $17,247 $17,032 $22,831
Total Monthly Payment $17,372 $17,157 $22,956

* 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.