Under contract-accepting backup offers. LAND, LAND AND MORE! Discover a rare opportunity to own over 1. 28 acres of prime lakefront property on Bryants Pond, a breathtaking spring fed lake rich with fish, turtles, ducks and wading birds in the heart of Sarasota. Home on the property features 3 bedrooms, 2 bathrooms and is in need of renovation. THE VALUE IS IN THE LAND. This picturesque and private setting offers endless possibilities, whether you're envisioning a new estate home or exploring potential development opportunities. Sarasota County says the land can be subdivided, providing the existing structure is removed. Build your dream home or explore the development possibilities this expansive and beautifully situated property offers. Seize the chance to invest in a property that offers both beauty and boundless potential in one of Sarasota's most sought-after locations. This property is perfect for those looking to build their dream home, create multiple single-family homes or consider a potential rezoning, as seen with an adjacent property previously used as an assisted living facility.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$575,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $460,000 | $460,000 | $460,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 5.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.398% | 6.285% | 5.510% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,795 | $2,795 | $3,698 |
Total Monthly Payment | $2,887 | $2,887 | $3,790 |
* 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.