2492 S Milmar DRIVE, Sarasota, FL, 34237 | $2,290,000

New, urban coastal residence in the Gardens of Ringling neighborhood in Sarasota’s desirable Downtown East. Wow, what a great location! Close to everything that makes Sarasota such a great place to live -- the Legacy Trail is just out the back gate, within one mile of Payne Park, downtown and Publix or Sprouts markets, and just two miles to Bayfront Park, Ed Smith Stadium, Sarasota Memorial Hospital and Southside Village. Love the beach? Climb aboard the complimentary Bay Runner trolley at its north terminus for a free ride over the iconic Ringling Bridge to Lido Beach with stops in downtown and St. Armands Circle. Light, airy and blissfully serene, this 3, 352-square-foot residence reflects a coastal vibe comingled with urban chic. Large windows and high ceilings allow natural light to illuminate the open floor plan where common areas are connected for easy living. Quality construction includes concrete block first-floor, standing-seam metal roof, wide-plank luxury vinyl flooring, impact glass windows and sliding glass doors, solid-wood cabinets with soft-close mechanism, 8-foot solid-core interior doors, and screened-in outdoor kitchen, lanai and swimming pool. Luxury appointments include quartz countertops, kitchen island with waterfall detail, Bosch kitchen appliances, contemporary lighting and laundry on each floor. Private areas include four bedrooms, three full baths and two half baths. The primary suite on the first floor has a spacious bedroom, oversize walk-in closet with dual sections, laundry alcove and en-suite bath. Three additional bedrooms are on the second floor, along with two baths, loft and laundry closet. A home office is on the first floor. This home loves the outdoors, too. Sliding glass doors lead to a large covered lanai featuring an outdoor kitchen with built-in grill, chimney vent, stainless sink and under-counter refrigerator. This entire area is screened-in along with the swimming pool. The backyard is surrounded by easy-care landscape, and a privacy fence with gate access to the Legacy Trail. Gardens of Ringling in Downtown East is an established neighborhood with easy access to Sarasota’s exceptional amenities. Welcome home to an urban coastal retreat with livable comfort.

Features

  • Rooms: 11
  • Bedrooms: 4
  • Baths: 3 full / 2 half
  • Lot Size: 50 x 150
  • Laundry: Inside, Laundry Room
  • Style: Custom
  • Year Built: 2024
  • Garage: 2-car Driveway, Garage Door Opener
  • Heating: Electric
  • Cooling: Zoned
  • Approx Sq. Feet: 3,352
  • Acreage: 0.25
  • Lot Size: 50 x 150
  • Est. Taxes: $3,460
  • Lot Desc: City Lot, Landscaped, Level, Near Public Transit
  • View: Pool
  • Elem. School: Alta Vista Elementary
  • Middle School: Booker Middle
  • High School: Sarasota High
  • Pool: In Ground
  • Appliances: Bar Fridge, Convection Oven, Dishwasher, Disposal, Dryer, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer
  • MLS#: A4629016
  • Days on Market: 5 days
  • Website: https://www.raveis.com
    /eprop/A4629016/2492smilmardrive_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/25/2024 2:10:04 AM)
Listing courtesy of PREMIER SOTHEBYS INTL REALTY   Phone: 941-364-4000

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

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2492 S Milmar DRIVE, Sarasota, FL, 34237

$2,290,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $1,832,000 $1,832,000 $1,832,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.762% 6.036%
Monthly Tax Payment $288 $288 $288
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $11,731 $11,731 $16,085
Total Monthly Payment $12,144 $12,144 $16,498

* 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.