SIGNIFICANT PRICE IMPROVEMENT! Welcome to the The Magic on the Myakka. No expense was spared in creating this masterpiece. Every inch of the home has been beautifully upgraded and well-considered. Situated on over 20 ACRES of privacy with unobstructed views of the Myakka River. Concrete seawall hugs the perimeter of the waterline with an extended dock, two covered boat lifts and one davit. A portion of the dock and boat house have suffered Ian damage. With deep waters, you are only limited due to vessel size. Short cruise to the open waters of Charlotte Harbor and then off to the the Gulf of Mexico. As you enter through the gates and meander down your private lane past the tennis court, you will be in awe at first sight. With just under 9, 000 sq ft of living space, you find the layout of the main home is well designed for functionality. As you enter you will take pause just to take it all in. You will need to walk the home at least twice because many of the fine details may be missed at first glance. The space is blanketed in natural light streaming from the countless windows, all of which have been upgraded to energy efficient, impact. The main living area lies straight ahead and provides a gorgeous view of the pool. Even the most discerning in the culinary realm will not find fault with this kitchen. In addition to the aesthetics, this space features a butler’s pantry, 8 burner gas range with grill top, quartz counters, expresso cabinetry, and counter seating for six. Enjoy meals in the dining area looking out to the water. Pass through the family room and past the theatre room, billiards room, game room, and bar to the master suite. We need to pause here and draw your attention to the picture of “her” closet. You cannot help but be inspired. The master suite opens to a private patio and has a spiral staircase leading to the loft, which takes the phrase office with a view to the next level. The upstairs features 3 additional bedrooms each with ensuite baths, extended closet space and balcony access. Let’s be honest, most of your time will be spent outside. Intimate time with the family or hosting a large gathering, this is the perfect setting. Maintenance free turf for a well kept lawn. Kids will bounce on the sunken trampoline or you can test your putting skills on the green. The covered portion of the lanai is set up for the ultimate outdoor kitchen. The saltwater pool was completely remodeled and features on demand heating. Relax in the loungers on the sun shelf. Umbrellas if the sun becomes too much. Sunken seating and fire pit. As the sun sets, the fire bowls and torches will glow creating an ambience you find at the most exclusive resorts. Follow through the gazebo and to the 2700 sq ft guest house. The views are breathtaking, and the options are endless here. Kitchen space on both levels. Comfortable living room and dedicated dining area downstairs and three bedrooms/2 baths upstairs. Bring the toys, because there is plenty of garage space available. Car collectors will appreciate that the garages are temperature controlled. This is a once in a lifetime opportunity to purchase the estate of your dreams. Please reach out for an expanded list further describing the upgrades and features. This estate is magical and must be viewed in person to appreciate all the nuances. This estate presents a lucrative opportunity for further development into a waterfront community with the right vision. Preliminary footwork is available.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,500,000
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 | $4,400,000 | $4,400,000 | $4,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.000% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.103% | 7.041% |
Monthly Tax Payment | $4,534 | $4,534 | $4,534 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $30,016 | $29,273 | $39,242 |
Total Monthly Payment | $34,675 | $33,932 | $43,901 |
* 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.