One or more photo(s) has been virtually staged. Experience life without community development fees in the prestigious master-planned community of Palmer Ranch! Nestled in the northwest corner of the Ranch, this prime location offers the closest proximity to downtown and the world-famous Siesta Key Beach. At The Palisades, the French Mediterranean architecture exudes timeless charm and elegance. These homes boast lakefront views and beautifully landscaped vistas, all within a serene, maintenance-free, and professionally managed environment. Built by Gibraltar Homes, this three-bedroom, two-bath Renoir floor plan showcases classic architectural details and unparalleled construction quality. This home is well-equipped with full hurricane protection and a barrel tile roof replaced in October 2022. The exterior received a fresh coat of paint in October 2023, and a new LG double oven was installed the same year. Other updates include a 2022 over-the-range microwave, a 2021 washer and dryer, an HVAC system from 2018, a dishwasher, and a gas water heater with an expansion tank installed in 2017. The interior was also repainted in a neutral palette in 2017. The lanai is prepped with natural gas, the electrical panel is Square D, and the garage door motor was recently replaced. The community's grand entry corridor, adorned with decorative iron gates, provides a secure and elegant entry to this exclusive enclave of 43 homes on Rue De Palisades. The lakefront Village Center and Pool Pavilion is a highlight, offering 1, 500 square feet of covered space for private or community events, complete with a summer kitchen, appliances, bathing and changing rooms, and a sparkling pool. The Palisades is the epitome of luxury living, combining an exceptional design with a prime location. Adjacent to the renowned Tournament Players Club at Prestancia, you’ll enjoy proximity to area beaches, shopping, restaurants, golf courses, tennis facilities, and the nationally acclaimed cultural scene of Sarasota. Call today for a private showing and experience this extraordinary lifestyle for yourself!
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Our Executive Mortgage Banker:
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$499,000
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 | $399,200 | $399,200 | $399,200 |
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 | 7.398% | 6.273% | 5.248% |
Monthly Tax Payment | $218 | $218 | $218 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,426 | $2,426 | $3,155 |
Total Monthly Payment | $2,719 | $2,719 | $3,448 |
* 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.