5425 Mystic Water COVE, Lakewood Ranch, FL, 34211 | $419,000

Nestled in the heart of Lakewood Ranch, FL, this charming house at 5425 Mystic Water Cove offers an ideal blend of comfort and convenience. With an area of 1557 square feet, this 2 bedroom 2 bath plus den home provides ample space for a vibrant lifestyle. The property boasts a spacious open floor plan in the living room, creating a welcoming ambiance perfect for gatherings. Relax on the lanai while watching the birds in the lake.

Residents of Lorraine Lakes community enjoy a variety of amenities designed for an active lifestyle. Take a dip in the resort-style pool or engage in friendly matches on the tennis and pickleball courts. Fitness enthusiasts can make use of the indoor basketball court and the state-of-the-art fitness center. Additional amenities include a cafe, a coastal-inspired clubhouse, a social director, an arcade, a playground, and a splash pad, offering something for everyone. The community’s lush landscaping and tranquil lakes create a picturesque setting for daily walks or bike rides.

Located in the Lakewood Ranch area, this villa in Lorraine Lakes is almost brand new. Surrounded by top-rated schools, upscale shopping, dining options, and cultural attractions. With easy access to major highways, the pristine beaches of the Gulf Coast and the vibrant cultural scene of downtown Sarasota are just a short drive away. The property also features a water view from the spacious lanai, providing a perfect spot to unwind and enjoy the picturesque surroundings.

Living in this neighborhood means being part of a community that values both relaxation and activity.
Residents of Lorraine Lakes enjoy a large array of amenities, including a resort-style pool, tennis and pickleball courts, indoor basketball court, state-of-the-art fitness center, resort pool, restaurant and bar, cafe, clubhouse, social director, arcade, playground, and splash pad.

Whether you prefer lounging by the pool or exploring the local shops and restaurants, this home offers a balanced lifestyle with everything you need close by.

Features

  • Amenities: Basketball Court, Cable TV, Clubhouse, Fitness Center, Gated, Maintenance, Park, Pickleball Court(s), Playground, Pool, Recreation Facilities, Sauna, Spa/Hot Tub, Tennis Court(s), Vehicle Restrictions
  • Rooms: 9
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Inside, Laundry Room
  • Style: Florida
  • Year Built: 2023
  • Garage: 2-car Driveway, Garage Door Opener
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,557
  • Acreage: 0.11
  • Est. Taxes: $1,470
  • HOA Fee: $768 Quarterly
  • Lot Desc: In County, Landscaped, Level, Sidewalk
  • View: Water
  • Elem. School: Gullett Elementary
  • Middle School: Dr Mona Jain Middle
  • High School: Lakewood Ranch High
  • Pet Policy: Number Limit
  • Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4619513
  • Days on Market: 1 day
  • Buyer Broker Compensation: 3.00%
  • Website: https://www.raveis.com
    /raveis/A4619513/5425mysticwatercove_lakewoodranch_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 9/20/2024 10:47:10 PM)

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5425 Mystic Water COVE, Lakewood Ranch, FL, 34211

$419,000

Benge Redding Team

Sales Associates

William Raveis Real Estate

Phone: 941.894.4216

BengeRedding@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 $335,200 $335,200 $335,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.125% 4.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.483% 6.273% 5.268%
Monthly Tax Payment $123 $123 $123
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,037 $2,037 $2,649
Total Monthly Payment $2,234 $2,234 $2,846

* 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.