This Ballast Point Model Home is READY NOW! The Ballast Point brings exciting architectural designs to a large two-story home with split courtyard garages. From the front entry way, or owner's entry from the 2-car garage, you enter into a formal foyer with staircase. The single car split garage connects to the extended foyer, which opens into the main living area. The incredible island kitchen and cafe overlook the large grand room with access to the covered lanai. This home features Sonoma Linen cabinets, Frost Whte MSI Quartz counter-tops, Floorte Vestige Daybreak Birch wood look tile flooring, and more. The lower level further features a secluded guest suite, pocket office, large walk-in pantry, butler's pantry, and your choice of a formal dining room or den. Upstairs, the privately situated owner's retreat offers an oversized walk-in closet and luxurious bathroom. Two secondary bedrooms, laundry room and bonus room complete the upper level. This thoughtfully designed, 700-acre, gated community is positioned within the award-winning master-planned community of Lakewood Ranch. Residents at Star Farms at Lakewood Ranch will enjoy world-class amenities and convenient access to dining, shopping, cultural activities, and top-rated beaches.
Lakewood Ranch is the 33, 000+ acre award-winning master-planned community in Sarasota and Manatee counties on the West Coast of Florida. Just minutes from the Gulf Coast beaches and cultural assets in Sarasota, Lakewood Ranch is already home to more than 50, 000 residents and features top-rated schools, the Lakewood Ranch Medical Center, the Sarasota Polo Club, the 140-acre Premier Sports Campus, three town centers that include theaters, shopping and dining and more than 5. 5 million square feet of commercial property.
Images shown are for illustrative purposes only and may differ from actual home. Completion date subject to change.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $959,200 | $959,200 | $959,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.406% | 6.864% | 7.058% |
Monthly Tax Payment | $176 | $176 | $176 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,221 | $6,221 | $8,488 |
Total Monthly Payment | $6,522 | $6,522 | $8,789 |
* 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.