4234 Palacio DRIVE, Sarasota, FL, 34238 | $1,350,000

Prestancia Golf Club, one of the most prestigious and sought-after clubs in Sarasota is a location that cannot be beat – within a short distance of the white sandy beaches of Siesta Key. This spacious home is perfect for the entire family with 5 true bedrooms, 4 full bathrooms, and more than 4, 600 sqft of air-conditioned space. A circular driveway leads to a grand double door entry with two-story foyer looking out towards a private pool area. Directly ahead is a formal living room with two-story ceiling and French doors leading out to the covered lanai. An open, spacious kitchen features granite countertops, stainless appliances, breakfast bar for additional seating, and a pass-through window out to the lanai for easy entertaining. A breakfast area off the kitchen and formal dining room provides ample entertaining space. An oversized family room features a soaring two-story ceiling, a grand fireplace, and sliding doors out to the tiled and paver lanai. A private first floor master suite has French doors leading to the lanai and features a dressing / vanity area, large bathroom with double sinks, Jacuzzi soaking tub, separate walk-in shower, water closet, His and Hers walk-in closets plus linen closet. An additional en-suite bedroom on the first floor could be used as office space or a guest retreat. The large laundry room leads into the two-car side-entry garage with additional AC’ed storage space. On the second floor there are bedrooms 3 and 4 with a jack-and-jill bathroom plus bedroom 5 with a private en-suite bathroom. The second-floor loft/bonus room overlooks the living and family rooms below. A built-in wet bar makes entertaining a breeze and a perfect place for a pool table or game room. It has a door leading out to the 44’x18’ tiled lanai covered by the pool cage with views out to the golf course. The pool and outside area are perfect for large gatherings with a 42’x18’ covered area for pool side meals or parties. The pool and gardens are walled off for complete privacy with plenty of lawn and garden space to enjoy. The opportunities are endless! A/C was replaced in 2020 and the ROOF REPLACED in 2019. Enjoy all the amenities of country club living in this prestigious community that includes optional membership at the Prestancia Golf Club featuring two 18-hole courses and a stunning 35, 000 sqft clubhouse. Conveniently located near shopping, restaurants, SRQ airport, museums, attractions, downtown Sarasota, and our world-famous gulf beaches.

Features

  • Rooms: 11
  • Bedrooms: 5
  • Baths: 4 full
  • Laundry: Inside, Laundry Room
  • Year Built: 1994
  • Garage: 2-car Circular Driveway, Garage Faces Side
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 4,636
  • Acreage: 0.41
  • Est. Taxes: $9,575
  • HOA Fee: $955 Quarterly
  • Elem. School: Gulf Gate Elementary
  • Middle School: Sarasota Middle
  • High School: Riverview High
  • Pool: Heated, In Ground, Screen Enclosure
  • Pet Policy: Yes
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: A4547991
  • Days on Market: 132 days
  • Website: https://www.raveis.com
    /eprop/A4547991/4234palaciodrive_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 4/29/2024 4:17:09 PM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-951-6660

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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4234 Palacio DRIVE, Sarasota, FL, 34238

$1,350,000

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 $1,080,000 $1,080,000 $1,080,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 7.125% 7.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.968% 7.254% 7.292%
Monthly Tax Payment $798 $798 $798
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,368 $7,276 $9,783
Total Monthly Payment $8,291 $8,199 $10,706

* 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.