Under contract-accepting backup offers. Multi-Million Dollar VIEWS!!!! Almost 15, 000 square foot Lot!! Welcome to your dream Waterfront oasis! Nestled on the picturesque Phillippi Creek Bay, this stunning Florida ranch offers breathtaking water views that span West towards Siesta Key. Located just across from the highly coveted Landings Community, with robust shopping and restaurants, this home is mere minutes away world famous Siesta Key Beach, eclectic Gulf Gate Village and vibrant downtown Sarasota. Step inside to discover an inviting open floor plan adorned with tile and laminate flooring throughout. The spacious living area features a charming fireplace and large sliders that lead to a massive lanai, perfect for entertaining. The primary bedroom boasts panoramic water views and direct access to the lanai, ensuring your morning coffee comes with a serene backdrop. Beyond the incredible and rare lot, the centerpiece of this home is undoubtedly the oversized, heated swimming pool with an attached spa, offering the perfect spot to unwind while soaking in the beautiful sunset views over the "Little" Bay. With almost 15, 000 square feet, the lot provides ample space for outdoor activities and future expansion. This exquisite waterfront home on Phillippi Creek Bay features a concrete seawall and a large dock with mooring pilings, making it an ideal spot for boating enthusiasts. Enjoy stunning sunsets with a refreshing beverage or a glass of wine as you soak up the serene views. The expansive dock provides the perfect location to catch your dinner, load up your boat, or welcome friends arriving by water. Located mere minutes from exclusive clubs like The Field Club, Sarasota Yacht Club, and Venice Yacht Club, this property offers unparalleled access to Sarasota’s vibrant boating community. River Forest, a voluntary HOA is a hidden gem of a neighborhood, offering a tranquil waterfront lifestyle, A-rated schools and direct access from Highway 41. Here, you’re not just buying a home; you’re investing in a Florida lifestyle marked by convenience, luxury, and natural beauty. Whether you’re an avid boater or someone who enjoys a peaceful waterfront setting surrounded by nature, this home meets all your needs. Don't miss your chance to own a piece of paradise with unmatched views, a prime location, and luxurious amenities - this is your opportunity to experience the magic of Sarasota waterfront living at its finest!
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$1,120,000
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
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $896,000 | $896,000 | $896,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 6.258% | 6.201% |
Monthly Tax Payment | $852 | $852 | $852 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,444 | $5,444 | $7,561 |
Total Monthly Payment | $6,421 | $6,421 | $8,538 |
* 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.