10 ACRES! Once in a lifetime opportunity: This incredible location includes a 3 bedroom, 3 1/2 bath home with huge bonus room, office/den, pool, spacious 3 car garage, Metal horse barn, A metal overhang with plenty of grazing space, oaks, pines
and a scenic pond all in the heart of Lakewood Ranch. No HOA, no deed restrictions or CDD fees. Located
between Fruitville and University off Lorraine Road just a gallop South of the Polo Fields. This property
gives you space, location and control. This custom masonry home was built by Jonas Yoder Construction
in 2014. The expansive primary suite boasts French doors opening to the pool/lanai, separate walk-in
closets with built-ins, a luxurious bath retreat with dual sinks, large walk-in shower with 2 separate
shower heads and a soaking tub. On the opposite side of the home, the guest suite has an ensuite bath,
providing privacy that is often missing for guests. The 3rd bedroom also has access to its own bathroom
and is tucked towards the back of the home offering added privacy. The home features high ceilings:
bedrooms 10' w/higher trays, great room & kitchen at 12' w/higher trays (up to 14'). Tray ceilings have
crown molding. Interior walls have sound-batting for noise reduction and custom plantation shutters
throughout. Work from home in the private office or enjoy movies/mingle in the bonus entertainment
room. The laundry/mudroom opens to the breezeway leading to the expansive 3 car garage, plenty of
space for toys or equip as the perfect workshop. Perfect for multigenerational living, the bonus room
could easily serve as a 4th bedroom. The kitchen is a chef’s delight complete with granite
counters, bar-top seating, glass tile backsplash, Sarasota Cabinetry featuring soft-closure, multiple pullouts and ample storage. The breakfast nook is located off the kitchen’s East end, formal dining room is
just off the West end. The kitchen also provides direct access and sight lines to the Great Room which
opens to the covered lanai via fully pocketed sliders. The lanai offers a built-in grill, sink and refrigerator
with access to the heated saltwater pool/spa. The home has luxury vinyl plank in common areas, PGT
impact windows and doors plus a standby generator with 250-gallon propane tank for backup power.
The electric is 300 amps pulled to the house with 100 amps going to the 3-car garage, which could be
used for a future addition, adding power for an electric vehicle or to provide for other future power
needs. The Barn is is a 2017 56x36 metal barn certified for 150mph winds. It is currently configured with four 12x12 stalls, 12’ center aisle, 12x24 feed/tack and equipment room and could be reconfigured multiple ways or repurposed as a workshop. The
10 acres may possibly be split for a 2nd residence. All 10 acres are fully fenced
with no-climb horse fence and cross-fenced offering multiple pastures for turnout and rotation. Convenient to I75, Benderson Park, UTC, Lakewood Ranch, Siesta & Lido Beaches and downtown Sarasota. This is a must see if you are looking for privacy on
10 ACRES OF LAND in town!
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,300,000
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 | $1,840,000 | $1,840,000 | $1,840,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.875% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.877% | 6.977% | 7.041% |
Monthly Tax Payment | $711 | $711 | $711 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,552 | $12,087 | $16,410 |
Total Monthly Payment | $13,387 | $12,922 | $17,245 |
* 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.