Under contract-accepting backup offers. This is an outstanding Southbay residence, the best-kept secret on the Gulf Coast where boats are accommodated in a deep-water marina for low fees. Numerous recent upgrades and finishes. Inviting paver drive, oversized 22-by-24-foot garage and double-door entry welcomes you to a home that is simultaneously tranquil and energizing. Custom crafted throughout with a wood fireplace that is centered on the great room with 10-foot beamed/vaulted ceilings and new luxury vinyl floors. Overlooking the sparkling newly resurfaced heated pool and the lanai with so many areas to perfect the art of outdoor living. The sleek-modern galley kitchen is stainless and granite. Spacious main level owner's suite has patio access, a walk-in closet, dual sinks, soaker tub, toilet and shower. Additional rooms on the main level include den/office (which easily could be a 4th bedroom) with patio access, large storage room or use as an additional office and powder room. The upper level has an ideal layout with two bedrooms, a bonus room and full bath, which has their own private stairway to the pool below. There is a 10-by-8-foot balcony which overlooks the park, tennis courts and marina. Roof was replaced in 2016 and both air conditioners in 2023. Southbay Yacht & Racquet Club lives up to its name with a newly renovated community clubhouse, geothermal pool, gym overlooking the marina, banquet rooms, three tennis courts, four pickleball courts, a bocce ball court, two shuffleboards, basketball, kayak storage area, a waterfront park, 20 acres of common grounds and miles of trails. Ideally in between culturally rich Sarasota and charming Venice, minutes to beaches, Legacy Trail, No. 1 rated Pine View School, shopping, waterfront restaurants and Oscar Scherer State Park. Walk to your boat or take your golf cart around the neighborhood. For those who seek an exceptional waterfront life, nothing compares.
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Our Executive Mortgage Banker:
Our Insurance Division:
$975,000
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 | $780,000 | $780,000 | $780,000 |
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 | $705 | $705 | $705 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,739 | $4,739 | $6,582 |
Total Monthly Payment | $5,535 | $5,535 | $7,378 |
* 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.