Situated on a premium preserve lot within the coveted Lakewood Ranch community of Lorraine Lakes, this 3, 520 sqft pool home offers 5 bedrooms, 3 bathrooms, a loft, PLUS a bonus room which can be used as a 6th bedroom. Lorraine Lakes is known for its INCREDIBLE AMENITIES and this home is located just around the corner from the 25, 000 sqft clubhouse. Neighbors gather at the full-service restaurant and bar, pool, fitness center, indoor and outdoor sport courts and more. Curb appeal abounds with a double high entrance, tile roof, paver driveway, stone accents, upgraded landscaping and outdoor lighting. Stepping inside, the light-filled foyer with soaring ceilings welcomes you in. Wood-look tile throughout the main living spaces, combined with designer light fixtures and plantation shutters, elevate the feel of this home. The great room, with captivating views of the pool and preserve, features a gorgeous accent wall and is open to the spacious kitchen and dine-in area, making this space ideal for everyday living. Whip up your favorite meals in the chef's kitchen complete with white cabinetry, quartz counters, tile backsplash, a large center island and built-in appliances. Off the front of the house, the dining room with a built-in fireplace and the living room provide ample room for entertaining. Completing the main level is a bedroom, full bathroom and laundry room. Head upstairs and you will find a loft area perfect for an office or play area PLUS a huge bonus room which can be used as a 6th bedroom. Unwind in the spacious primary suite with two walk-in closets and a bright en suite bathroom with a garden tub, walk-in shower and dual vanities. On the second floor there are three additional bedrooms and a third bathroom. Indoor-outdoor living is what Florida is all about and this home delivers! Oversized sliders open to the lanai where peaceful and private views can be enjoyed from the heated pool and spa. An expansive covered area provides space for both dining and lounging. For total privacy, motorized shades on both sides of the lanai can be brought down with the click of a button. Nothing in this home has been overlooked including the 3-car garage with epoxy floors, storage racks and a fresh coat of paint! There is no shortage of things to do at Lorraine Lakes! Within the impressive 25, 000 sqft clubhouse you will find a full-service restaurant and bar, coffee lounge, fully equipped fitness center with TRX equipment and an adjacent children's playroom, an indoor full-sized basketball court and an arcade room. Outside, there is a resort pool, lap pool, splash pad, a poolside bar, plus tennis and pickleball courts, a putting green, volleyball, basketball and bocce ball courts, and a playground. Living in the #1 multi-generational community in the U. S. means you have easy access shopping, dining, arts and entertainment, golf courses, community events, parks and trails, and more! Lorraine Lakes is conveniently located to top-rated schools, the Premier Sports Complex, Lakewood Ranch Library, University Town Center Mall, Waterside Place, Lakewood Ranch Main Street and the UTC Mall. In addition, it's just a short drive to our world-renowned beaches and downtown Sarasota, Bradenton and St. Pete. Experience resort-style living in one of the most sought after communities in Lakewood Ranch!
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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 | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.750% | 7.038% |
Monthly Tax Payment | $884 | $884 | $884 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,227 | $6,147 | $8,495 |
Total Monthly Payment | $7,236 | $7,156 | $9,504 |
* 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.