This stunning lakefront home with beautiful water views in Sarasota’s coveted Arbor Lakes on Palmer Ranch neighborhood is a true gem! With nearly 4, 100 square feet, it boasts 4 bedrooms, 3. 5 baths, a versatile office/ den, and multiple entertainment spaces, including a bonus and media room along with a 3-car garage. The expansive gourmet kitchen is equipped with an oversized granite island, stainless steel appliances, a gas stovetop, double ovens, and ample cabinet space, and seamlessly flows into the open great room, adorned with custom architectural details, built-ins, with a cozy fireplace. The elegantly appointed formal dining room, currently used as a sitting area, complete with a butler’s pantry and coffee bar, and a generous walk-in pantry all perfect for hosting gatherings. Enjoy the abundant natural light that fills the main living area, enhanced by soaring ceilings, towering windows and sliders, plantation shutters, and stunning lake vistas. The primary bedroom suite is a private retreat featuring a luxurious en-suite bathroom with dual vanity sinks and a spacious walk-in closet with custom organizers. The second level includes three additional bedrooms, a bonus/theater room, and a vast entertainment loft with a built-in wet bar and mini fridge—perfect for game nights or casual gatherings. Step outside to an impressive outdoor living area complete with an oversized screened lanai, expansive patio, and a beautifully designed pool and spa all perfection for relaxation and entertainment. The custom-built summer kitchen invites you to entertain while enjoying picturesque sunsets and serene lake views through upgraded panoramic screens. Residents of Arbor Lakes enjoy an array of resort-style amenities, including a clubhouse, heated pool and spa, covered outdoor areas, fire pit, children’s splash park, volleyball, basketball courts, and much more. This home is located within Sarasota’s top-rated school district, featuring Ashton Elementary, with convenient bus pickup to Pine View. Experience all that Sarasota has to offer, including the renowned Siesta Key Beach, just a short drive away. Don’t miss this incredible opportunity to make this stunning residence your own!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,150,000
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 | $920,000 | $920,000 | $920,000 |
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 | $808 | $808 | $808 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,891 | $5,967 | $8,078 |
Total Monthly Payment | $6,824 | $6,900 | $9,011 |
* 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.