Unique opportunity to own a 3, 300+ sq ft home, featuring spacious rooms throughout and full handicap accessibility. This beautifully maintained home is on one of Sarasota’s two inland islands, River Ridge Island, surrounded by the tranquil waters of Phillippi Creek in the heart of Sarasota. The well-designed layout offers endless possibilities for customization to suit your needs. Upon entering through the double doors, you'll find a generous living room that flows seamlessly into the comfortable and open dining room and updated kitchen. Granite countertops, tile backsplash, solid wood cabinetry and stainless-steel appliances provide a comfortable cooking and entertaining lifestyle. The spacious family room features a full wall of sliding glass doors that open to an interior 40, 000 gallon 40’ x 20’ inground pool. The split bedroom floorplan offers flexibility with two large primary bedrooms, each with ensuite bathrooms, along with two additional large bedrooms and a third full bathroom. Enjoy outdoor living on the patio, plus a 6-person hot tub with Trex decking and surrounded by landscaping and a vinyl privacy fence yet providing a lovely Phillippi Creek view. Luxury vinyl plank flooring (2023) extends throughout much of the home, complemented by recessed lighting (2023). Additional updates include fresh interior paint (2023) and exterior paint (2020), connection to the county sewer (2022), ADT SunPro 23 solar panels with 25-year guarantee (2021), 2-zone HVAC system thermostats (2021) and 3-ton A/C system (2020), newer warrantied roof and gutters with leaf-guards, hurricane impact windows and doors, whole house water filtration system, re-pipe of all hot and cold-water supply, and so much more. Situated within the highly desirable Southside school district, this home offers optional membership to the South Gate Community Center for just $100. With world-renowned beaches, including Lido Beach, Siesta Key Beach, and Longboat Key Beach just minutes away, along with nearby golf courses, shopping, dining, and cultural activities, this location has it all. St. Armands Circle and downtown Sarasota are only a short drive away. Sarasota Memorial Hospital is conveniently located nearby. With ample space, thoughtful upgrades by the current owners, and a prime location, this property is all about flexibility and indoor/outdoor living within ten minutes of all our city has to offer.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,397,000
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 | $1,117,600 | $1,117,600 | $1,117,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.851% | 6.704% |
Monthly Tax Payment | $367 | $367 | $367 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,156 | $7,249 | $9,736 |
Total Monthly Payment | $7,648 | $7,741 | $10,228 |
* 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.