8506 Frangipani TERRACE, Sarasota, FL, 34240 | $629,000

NEW CONSTRUCTION - MOVE-IN READY!!! MOTIVATED SELLER - WILL CONSIDER ALL OFFERS. This bright, coastal contemporary residence is NEW, NEVER OCCUPIED in Windward. IMPACT GLASS THROUGHOUT. (lower homeowner’s insurance). Walking through the front door, you will be greeted by the private view of a preserve (no home will be built behind). A pocket slider to screened lanai for panoramic view. There is wood-look tile throughout the main living areas and den. Upgraded carpet in the 3 bedrooms. The gourmet kitchen showcases upgraded cabinetry, quartz countertops, a generous walk-in pantry, and GE appliances. The private owner’s suite with generously sized walk-in closets, a master bath, a large shower, a double vanity, upgraded cabinetry, upgraded tile, and flooring. Quietly positioned on the other side of the home are two guestrooms and a main bathroom with upgraded tile and flooring. Also, a den/office that ensures you will have the space you need. Other notable features of this home include an enlarged 2+ car garage with an epoxy floor finish, and a garage door with a security camera door opener. Upgraded 240V for your Electric Vehicle. Windward offers resort-style living in a community where residents will enjoy the amenity center with a tennis court, two pools, a jacuzzi, dog parks, a fitness center, pickleball courts, a playground, walking trails, social events, and much more. This gated community is highly sought after due to its easy access to downtown Sarasota, Lakewood Ranch, Waterside Place, and the area’s best beaches. Upgrades throughout, are too numerous to list. Please request a complete copy and attached to the MLS.

Features

  • Amenities: Clubhouse, Pickleball Court(s), Playground, Pool, Recreation Facilities, Spa/Hot Tub, Tennis Court(s)
  • Rooms: 8
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Inside, Laundry Room
  • Style: Key West
  • Year Built: 2024
  • Garage: 2-car
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,860
  • Acreage: 0.15
  • Est. Taxes: $885
  • HOA Fee: $822 Quarterly
  • Lot Desc: Corner Lot, Landscaped, Sidewalk
  • View: Park/Greenbelt
  • Elem. School: Tatum Ridge Elementary
  • Middle School: McIntosh Middle
  • High School: Booker High
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: A4619361
  • Days on Market: 109 days
  • Website: https://www.raveis.com
    /prop/A4619361/8506frangipaniterrace_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 11/25/2024 7:32:07 AM)
Listing courtesy of BERKSHIRE HATHAWAY HOMESERVICE   Phone: 941-907-2000

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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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8506 Frangipani TERRACE, Sarasota, FL, 34240

$629,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $503,200 $503,200 $503,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.498%
Monthly Tax Payment $74 $74 $74
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,348 $3,344 $4,315
Total Monthly Payment $3,514 $3,510 $4,481

* 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.