Presenting a rare opportunity to build your dream estate on a stunning vacant lot in the prestigious west of trail neighborhood of McClellan Park. This exclusive and private parcel boasts 13, 198 SF and an enviable location between Harbor Acres and Cherokee Park, on a quiet street just one block from Sarasota Bay but with an X500 flood zone buildable footprint. Surrounded by multi-million-dollar residences, this expansive lot provides an ideal canvas for a custom-designed home that blends sophistication and tranquility. Envision lush, landscaped grounds, serene outdoor living spaces, and breathtaking architectural design, all tailored to your distinct vision. A masterpiece modern residence, custom designed by Halflants + Pichette for this lot, is rendered in the photos and ready to be constructed if desired. Indulge in the unparalleled lifestyle that McClellan Park offers. Within walking distance, discover Southside Village with its vibrant boutiques, gourmet dining and coffee shops, and Morton’s Market, or enjoy a leisurely stroll to Selby Gardens or along the nearby Bayfront and Marina Jacks. Top-rated Sarasota Memorial Hospital and Southside Elementary School add to the appeal of this coveted neighborhood. Downtown Sarasota, with its world-class cultural venues, upscale amenities, and Saturday Farmer’s Market is just minutes away, ensuring the best of city living is at your fingertips. Siesta Key Beach, St Armands Circle, and Lido Beach are all in close proximity, while enjoying the convenience and security of living on the mainland. This exclusive lot is a limited offering in one of Sarasota’s most sought-after neighborhoods. Secure your place in this historic and distinguished enclave—an address synonymous with timeless elegance and refined luxury.
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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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,595,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,276,000 | $1,276,000 | $1,276,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,170 | $8,170 | $11,203 |
Total Monthly Payment | $8,295 | $8,295 | $11,328 |
* 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.