5822 Fairway Lakes DRIVE, Sarasota, FL, 34243 | $555,000

Welcome to your new home in the highly sought-after Fairway Lakes at Palm Aire! This inviting 3-bedroom, 2-bathroom pool home offers the perfect blend of comfort and style. As you step inside, you’ll immediately appreciate the spacious layout, which includes both a living room and a family room, each featuring a dual-sided fireplace ideal for cozy gatherings and entertaining. The chef’s kitchen is a true highlight, equipped with ample storage, generous counter space, solid wood cabinets, a breakfast island, and stunning granite countertops. The thoughtfully designed split floor plan ensures privacy, with each bedroom enjoying its own space. The owner’s suite is a peaceful retreat, complete with sliding doors that open to a large lanai and pool area. It also boasts dual sinks, granite counters, a walk-in closet, a garden tub, and a walk-in shower. Enjoy effortless indoor-outdoor living with sliding and French doors providing seamless access to the outdoor spaces from both the living room and family room. Relax or entertain on the covered lanai or take a refreshing swim in the pool. Recent updates include new landscaping, fresh interior paint, a brand-new dishwasher, and an HVAC system replaced in 2020. Living in Fairway Lakes means enjoying a lifestyle of convenience and leisure with low HOA fees that cover lawn care, cable, internet, and more. An optional membership at the Palm Aire Country Club grants access to golf, tennis, pickleball, a fitness center, and an additional pool. The home’s prime location offers easy access to UTC Mall, pristine beaches, downtown Sarasota, Bradenton/Sarasota International Airport, and a variety of dining options. Whether you’re seeking a vibrant community or a serene private retreat, this home offers a perfect combination of comfort, location, and convenience. Don’t miss the opportunity to make this exceptional property your own!

Features

  • Amenities: Maintenance
  • Rooms: 7
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: In Garage
  • Style: Mediterranean
  • Year Built: 1991
  • Garage: 2-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,992
  • Acreage: 0.19
  • Est. Taxes: $2,964
  • HOA Fee: $569 Quarterly
  • Lot Desc: Landscaped, Near Golf Course, Sidewalk
  • Elem. School: Robert E Willis Elementary
  • Middle School: Braden River Middle
  • High School: Braden River High
  • Pool: Heated, In Ground, Screen Enclosure, Solar Heat
  • Pet Policy: Yes
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Wine Refrigerator
  • MLS#: A4622297
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A4622297/5822fairwaylakesdrive_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 9/24/2024 4:09:45 AM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-907-9595

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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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5822 Fairway Lakes DRIVE, Sarasota, FL, 34243

$555,000

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 $444,000 $444,000 $444,000
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 $247 $247 $247
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,698 $2,698 $3,509
Total Monthly Payment $3,037 $3,037 $3,848

* 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.