Incredible opportunity! This well-built waterfront home was UNDAMAGED by Hurricane Helene and Milton! Located just off the Intercostal on Forked Creek with no bridges, and built in 2002, but fully renovated in 2022, this exquisite estate is next to Lemon Bay Preserve in Sarasota County and has 110 feet of waterfront on the bay — bald eagles soar overhead and dolphins swim by the dock of this very special oasis. Lemon Bay is the heart of Englewood where you can find fantastic boating, amazing fishing and easy access to both the Gulf of Mexico and the best beaches in the area. Just minutes from fabulous restaurants and shopping, this 5, 704 square foot home is the place for you! With 5 bedrooms and an open floor plan made for entertaining. The first floor features an open concept kitchen, dining and living area; as well as 2 bedrooms, 2 bathrooms and a family room. The modern kitchen features granite countertops and all new appliances, as well as a double sink. Walk outside through French doors on the main floor into the backyard and pool. Majestic stairs lead up to the Master Retreat which includes an open area with a view down to the family room. Glass doors open onto the Master Suite balcony for a view of the backyard and Lemon Bay. The second floor also includes 3 bedrooms and 2 bathrooms along with a massive, partitioned bonus room. This property includes a boat dock and is ready for you to start your dream life in Florida!
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Our Executive Mortgage Banker:
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $9,600 | $9,600 | $9,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $64 | $63 | $81 |
Total Monthly Payment | $139 | $138 | $156 |
* 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.