Under contract-accepting backup offers. Welcome to Rivo Lakes, where your dream home awaits- a stunning 5-bedroom, 4-bathroom retreat featuring an in-law suite with a private entrance, designed for ultimate comfort and privacy. Prepare to be captivated by this stunning gem that boasts a bonus room, extra living space, a 3-car garage, and a simply enchanting enclosed pool area.
Upon entering through the grand wrap-around entryway, you'll be greeted by a spacious foyer, leading you to the alluring in-law wing. Here, you'll find your very own living room and/or office, bathroom, and a bedroom with a walk-in closet that's sure to leave you speechless. Continued throughout the home you will be delighted to find a whole house generator, and hurricane impact windows.
Step into the heart of the home and be mesmerized by the expansive great room. But the real magic lies in the stunning covered lanai, offering access to an outdoor living paradise. Prepare to be dazzled by a shimmering swimming pool, a rejuvenating spa, and a state-of-the-art outdoor kitchen, all surrounded by lush landscaping and breathtaking preserve views. Get ready to indulge in al fresco dining, sunbathing, or simply basking in the warm Florida sunshine while taking in the endless opportunities for relaxation and entertainment.
The large family room flows seamlessly into a spacious kitchen, where a dining area invites you to savor every moment with your loved ones. The kitchen features a wall of cabinetry and counter space, ensuring you have ample storage and preparation area. As well as, organization at it's finest with a walk in pantry filled with custom cabinetry. A large center island offers a sink and plenty of space for the high back bar chairs, making it the perfect spot for family gatherings or casual meals.
Retreat to your very own personal sanctuary - the master suite, which is a true retreat from the everyday hustle and bustle of life. This magnificent space is complete with a master bath that boasts both a free-standing tub and a walk-in shower, a separate toilet area, and dual vanities. The master bath also leads to a spacious walk-in closet with fully custom built in cabinetry, ensuring you have plenty of space for your wardrobe and accessories.
As you ascend to the second floor, you'll be greeted by an open and airy bonus room, the perfect space for relaxation, hobbies, or even a home office. Two additional bedrooms are also located upstairs, each complete with a full bath to ensure privacy and convenience.
With no CDD and located in a gated entrance community, this home offers the ideal combination of luxury and convenience. Enjoy the nearby attractions, including Siesta Key beach, which is just 9 miles away, and the picturesque Twin Lakes park, which is less than a mile away. Weekly food trucks add to the sense of community, making this neighborhood a truly exceptional place to call home.
This stunning property is zoned for Lakeview Elementary, Sarasota Middle, Riverview, and Pine View, ensuring your loved ones receive an excellent education. With quick access to the highway and shopping, this home offers the perfect balance of relaxation and convenience. Don't miss your chance to make this magnificent property your very own - come and experience the magic of Rivo Lakes for yourself!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,275,000
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 | $1,020,000 | $1,020,000 | $1,020,000 |
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 | $662 | $662 | $662 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,531 | $6,616 | $8,956 |
Total Monthly Payment | $7,318 | $7,403 | $9,743 |
* 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.