Experience stunning views of Lemon Bay from this unique Manasota Key property, situated on 1. 79 acres of serene and private land with deeded beach access. The natural stone circular driveway, framed by a majestic oak tree, sets a welcoming tone, while Bahama shutters, paver walkways, and an impact-resistant full-view double front door add to the home’s exterior charm. The lower level has been professionally remediated following recent hurricane damage, offering a blank canvas to reimagine the space. Original terrazzo floors, a brick fireplace, and upper-level kitchen cabinets remain intact, along with a bathroom featuring exterior access and an updated glass tiled tub-shower combo. The spacious upstairs master suite was untouched by the storms and includes a walk-in closet, en-suite bathroom with a standalone shower, and a private rooftop balcony—the perfect spot to relax with evening cocktails while watching boats go by. Additional highlights include the septic system, installed in 2023, has been inspected post-storm and was found to be in good working condition. Updates completed in 2021 included a new roof, A/C ductwork, and a 200-amp electrical panel. Additional features include an RV parking pad with 50-amp service, a one-car garage with a half-bath, an outdoor shower, and a large paver patio overlooking the Bay, ideal for entertaining. Preliminary work has been completed for pool permits, dock applications, and seawall repairs, with engineering plans available for the addition of a dock. This home offers easy access to beach yoga, local restaurants, live music, fishing, boating, kayaking, golfing, and the area's natural beauty, with all these amenities currently undergoing post-hurricane renovation but set to be fully restored. This is a rare opportunity to design your dream waterfront retreat. Contact us today to explore the possibilities of this exceptional property.
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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 | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.750% | 7.038% |
Monthly Tax Payment | $1,048 | $1,048 | $1,048 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,227 | $6,147 | $8,495 |
Total Monthly Payment | $7,400 | $7,320 | $9,668 |
* 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.