OWNER IS MOTIVATED AND ENTERTAINING ALL OFFERS! This is your chance to own one of the most remarkable homes in Myakka Valley Ranches: Situated on 5 1/2 acres, the ca. 4, 900 SF building has a wow factor, most obvious of which is
the completely renovated 32 X 16 indoor pool set inside a 1, 700 SF space! The rest of the
house includes four bedrooms (2 master suites), 3 1/2 bathrooms, a spacious living room
with a bay window, a family room with a fireplace, and a large, light and bright studio (or 4th
bedroom) with a big fireplace that looks out over the pool and the front lawn. The kitchen
features beautiful granite counters, wooden cabinets, S/S appliances (gas stove), and is
conveniently located next to the pool, living room, and dining room. Outside, behind the
French doors of the pool room, is an almost 1, 000 SF screened deck. A 1, 440 SF utility
building/garage/barn with 3 overhead doors is integrated with a chain link fence that
encloses about 1/2 acre on the north side of the lot. This would make a great area for a
vegetable garden, or a pen for small animals. The house offers a lot of privacy, since it sits
far from the road, and only one neighbor is visible from the lot. An interesting architectural
detail is provided by the brick arches around the doors and hallways that lead to the pool
and two bedrooms. Other features include a whole-house Kohler generator (2023) with a
1000-gallon in-ground propane tank. The pool can be heated with solar panels, and a heat
pump. The property is less than a mile from State Road 72, and the local fire station, from
where it is less than 30 minutes to reach the beautiful beaches of Siesta Key, or Downtown
Sarasota with its many fine restaurants, concert venues, museums, all kinds of cultural
happenings. Great public and private schools are not far away (the Out-Of-Door Academy,
opened a new campus, just west of the “Valley” for pre-K-5 ). Myakka Valley
Ranches is a wonderful equestrian-friendly community with saddle trails and lots of at least
5 acres. The home is located in Unit 1 of the subdivision, which is no longer subject to its
governing documents. Use restrictions are dictated by Sarasota County’s zoning regulations
for OUE1 (Open Use Estate, one main residence every 5 acres). This designation does allow for
some light commercial use, incidental to the property. Please, check with the zoning
authorities to make sure that if you want to conduct a business, its nature will be
compatible with the local zoning regulations. Finally, for those who love nature: the
entrance to Myakka River State Park, Florida’s biggest state park, is only 1. 5 miles from the
entrance to the subdivision. This park is a great place to hike, bike, kayak, or ride your horse.
Bring your binoculars, and enjoy observing all the interesting critters that live in these
37, 000 acres. Welcome to Myakka Valley Ranches, Sarasota’s last frontier!
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,100,000
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 | $880,000 | $880,000 | $880,000 |
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 | $463 | $463 | $463 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,708 | $5,708 | $7,787 |
Total Monthly Payment | $6,296 | $6,296 | $8,375 |
* 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.