This newly constructed over 5, 500-square-foot estate, built by John Cannon Homes and completed in October 2024, is set on an over-an-acre lot with stunning lake and sunset views in the prestigious gated community known as Concession. This home will be fully furnished, with furniture arriving soon to enhance its luxurious feel. The home features a grand entrance with an elongated driveway leading to 12-foot iron double doors that open into a vaulted great room with painted wood beams, a stone-framed gas fireplace and disappearing sliders that enhance the indoor-outdoor flow. The chef's kitchen boasts top-of-the-line appliances, including a Wolf six-burner range, built-in Wolf wall oven and warming drawer, Sub-Zero refrigerator and Fisher & Paykel dishwasher drawers. It includes double islands with quartz countertops, a hidden pantry, and a glass tile backsplash. A climate-controlled wine room with a backlit agate stone centerpiece adds elegance to the adjacent dining area. For entertainment, the club room, which opens onto the lanai, features a built-in beverage center with an ice maker and beverage drawers, leading to an HD golf simulator room. The outdoor retreat includes a screened lanai with beautiful gray porcelain tiles, an outdoor kitchen, gas fireplace with a TV wall, putting green, fire pit, and a heated saltwater pool and spa, all designed to maximize enjoyment of the panoramic lake views. The secluded owner’s suite offers additional lake views, oversized walk-in closets, and a spa-like bath with dual vanities, a glass dual-entry shower and an outdoor shower in a private courtyard. A casita off the lanai provides an ideal guest retreat with a morning bar, walk-in closet and full bath. Two additional guest suites with walk-in closets and en-suite baths are in a separate wing. The home also includes a double-door office with a built-in bookcase, a powder room, an oversized laundry room with built-in cabinetry, a built-in drop zone in the back hall, a storage room, a whole-house generator and a dual split 4. 5-car garage with golf cart space. Wood floors throughout, California-style impact windows, custom lighting, and a Sonos, Control 4, and Lutron automated system, including shades, complete this exquisite home. With a total of 8, 773 square feet, this residence embodies modern sophistication and refined living. In a serene community known for hosting the PGA World Golf Championships, it offers privacy while being close to Lakewood Ranch, UTC shopping, Sarasota’s beaches and cultural attractions, an ideal blend of luxury and convenience.
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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 | $5,116,000 | $5,116,000 | $5,116,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $657 | $657 | $657 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $32,758 | $33,182 | $44,918 |
Total Monthly Payment | $33,540 | $33,964 | $45,700 |
* 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.