1875 5th STREET, Sarasota, FL, 34236 | $1,400,000

Pre-Construction. To be built. UNDER CONSTRUCTION. ESTIMATED TO BE COMPLETED BY END OF MAY!* CUSTOM DESIGNED BY OCEAN BUILDERS, A LONG TIME SARASOTA QUALITY CUSTOM BUILDER * This Downtown neighborhood is a short walk to all of the Sarasota & the Bayfront amenities * Endless dining, shopping, the arts, Whole Foods Market, Marina Jack's and the new Bayfront Park * MAIN HOUSE WILL BE A CRAFTSMAN DESIGN EXTERIOR with Front & Rear Porches * INTERIOR DESIGN WILL BE CONTEMPORARY COASTAL DESIGN * MAIN HOUSE A/C SQFT = 1717+/-; MAIN HOUSE TOTAL SQFT = 2216+/- * GUEST COTTAGE A/C SQFT = 520+/-; GUEST COTTAGE TOTAL SQFT = 1041+/- * THE DETACHED GUEST COTTAGE has a Full Kitchen, Full Bath & separate En-suite BDRM and will be above the Detached 2 car Garage * MAIN HOUSE FEATURES 3 BEDROOMS & 3. 5 BATHS ON ONE LEVEL * ALL BEDROOMS ARE EN-SUITES * Vaulted ceilings * NATURAL GAS tankless hot water heater * PGT IMPACT HURRICANE GLASS WINDOWS * ENERGY EFFICIENT HOME with OPEN CELL SPRAYED FOAM IN THE ATTIC * Hardi Board concrete exterior walls * CHEF'S ISLAND KITCHEN with NATURAL GAS COOK-TOP, Shaker style cabinets * ESTIMATED 4 MONTH PROJECTED BUILD TIME FROM TIME OF CONTRACT * ENJOY THE PEACE OF MIND THAT A NEW HOME DELIVERS * PERFECT TIME TO PICK YOUR COLORS & CUSTOM FINISHES * BEING BUILT; CUSTOM BUILDER IS OCEAN BUILDERS. SITE PLANS, PHOTOS & RENDERINGS THAT ARE CONTAINED IN THE INFORMATION ARE ILLUSTRATIVE & CONCEPTUAL ONLY, AND ARE ALWAYS SUBJECT TO CHANGE WITHOUT NOTICE, AND CANNOT BE RELIED UPON. ROOM MEASUREMENTS APPROXIMATE. Builder will work with you to customize * Invest in your slice of paradise * One look & you'll fall in love * BUILDER'S LOT PURCHASE & AGREEMENT ATTACHED IN MLS *

Features

  • Rooms: 6
  • Bedrooms: 4
  • Baths: 4 full / 1 half
  • Laundry: Inside
  • Style: Custom
  • Year Built: 2024
  • Garage: 2-car Driveway, Garage Door Opener
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,237
  • Acreage: 0.12
  • Est. Taxes: $3,079
  • Elem. School: Alta Vista Elementary
  • Middle School: Booker Middle
  • High School: Booker High
  • Appliances: Dishwasher, Disposal, Gas Water Heater, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater
  • MLS#: A4584492
  • Days on Market: 220 days
  • Website: https://www.raveis.com
    /eprop/A4584492/18755thstreet_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 5/14/2024 11:17:10 AM)
Listing courtesy of RE/MAX ALLIANCE GROUP   Phone: 941-954-5454

William Raveis Family of Services

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Evelio MirandaInsurance Sales Director, William Raveis Insurance

561.704.7334

Evelio.Miranda@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

1875 5th STREET, Sarasota, FL, 34236

$1,400,000

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 $1,120,000 $1,120,000 $1,120,000
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 $257 $257 $257
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,640 $7,358 $9,989
Total Monthly Payment $8,022 $7,740 $10,371

* 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.