523 S Palm AVENUE, #7, Sarasota, FL, 34236 | $1,295,000

Rarely available free standing 2 story villa on picturesque Palm Avenue in the heart of downtown Sarasota. Nestled behind the gate of an intimate enclave of 12 townhomes, this charming detached villa, the largest of the 12, lives like a home and is part of a homeowner's association (not a condo). As you enter the private courtyard, you immediately feel the uniqueness of this property. Double French doors open to a freshly painted interior with new porcelain tile throughout the first floor, and plantation shutters on all the windows. The dream kitchen features all Viking appliances, a natural gas cooktop, an integrated Subzero refrigerator, white custom cabinetry, granite countertops, and breakfast bar. The spacious dining room can accommodate a large table to entertain several people. The dining room extends to another terrace with a privacy wall where you can set up your grilling area and herb garden. Also located in the dining area, is a 60 bottle built-in wine refrigerator next to a pullout storage cabinet. The gracious living room features cathedral ceilings and a gas fireplace. The first floor also offers a well designed office with built-ins and a window, extra storage, a half bath, and access to a one car garage. The 2nd parking space is located under the common carport. Both of the 2 bedrooms upstairs have access to a large balcony to enjoy the outdoor. The primary bedroom features wood floorings, a generous walk-in closet, an updated bath with double vanities, and a large walk-in shower. The guest bedroom features a custom closet, updated bath with tub/shower. New A/C unit in 2023 was installed. This is the ideal property for someone who wants to be in a maintenance-free home in the vibrant downtown Sarasota with low monthly dues.

Features

  • Rooms: 7
  • Bedrooms: 2
  • Baths: 2 full / 1 half
  • Laundry: In Garage
  • Year Built: 1998
  • Garage: 1-car
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,919
  • Est. Taxes: $14,820
  • HOA Fee: $667 Monthly
  • Lot Desc: Landscaped, Private
  • View: Garden
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Dryer, Freezer, Microwave, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator
  • MLS#: A4609920
  • Days on Market: 163 days
  • Website: https://www.raveis.com
    /eprop/A4609920/523spalmavenue_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 11/5/2024 6:17:15 PM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-951-6660

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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

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523 S Palm AVENUE, #7, Sarasota, FL, 34236

$1,295,000

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 $1,036,000 $1,036,000 $1,036,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.750% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.343% 6.876% 6.725%
Monthly Tax Payment $1,235 $1,235 $1,235
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,634 $6,719 $9,025
Total Monthly Payment $7,994 $8,079 $10,385

* 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.