1329 N Lake Shore DRIVE, Sarasota, FL, 34231 | $11,975,000

Pre-Construction. To be built. Perfectly situated in Oyster Bay, one of Sarasota’s most coveted West of Trail neighborhoods, this contemporary custom home will be on an acre of land with 148 feet of water frontage along the intracoastal waterway. Spanning 2 spacious levels with a bonus third story deck overlooking Roberts Bay with stunning sunsets on the horizon. The first floor encompasses 2, 204 square feet under air with two, two car garages, a fitness room with views of the water, a large storage room, a dedicated mud room, and a bedroom with bathroom with a walkout balcony onto the lower grand patio. The second story with 4, 311 square feet under air features a split floor plan with two guest bedrooms with en-suites on one side and a spacious master suite with sliding glass doors overlooking the water with a step out to the statement piece of the home, the second story pool expanding the entire width of the house. You will have the freedom to entertain guests with the large kitchen island seating, overlooking the great room with expansive sliding glass doors leading to your outdoor covered patio with enough seating for family and guests. No matter if you are on the first level or the third story deck you’ll enjoy the breathtaking water views and stunning sunsets. Most importantly, from the second and third story the entire bay can be seen. This prime location provides the tranquility of waterfront living while only being a mile away from the centerpiece of this neighborhood, The Field Club, where neighbors can gather to be a part of everything this neighborhood has to offer. Additionally, being minutes away from the cultural arts scene in downtown Sarasota this property is a mere 0. 8 miles, by boat, to the North Siesta Key Bridge providing access to the pristine shores of Siesta Key, Lido Key, downtown Sarasota and Longboat Key. Families will also appreciate its proximity to Phillippi Shores Elementary (1. 4 Miles), Brookside Middle School (2. 0 Miles) and Riverview High School (2. 1 Miles). Everyday amenities from grocery stores, coffee shops, gyms, shopping and an array of restaurants are located minutes away, making this a rare opportunity to create your own waterfront masterpiece in a well-known and established neighborhood West of Trail in Sarasota. If you need a place for your boat while this home is being built, the current owner has already installed a brand new oversized dock, featuring composite decking and stylish metal wire railing. Perfect for welcoming boating guests, fishing or simply enjoying breathtaking sunset views.

Features

  • Rooms: 13
  • Bedrooms: 4
  • Baths: 4 full / 2 half
  • Laundry: Laundry Room
  • Year Built: 2024
  • Garage: 4-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 6,515
  • Acreage: 0.99
  • Est. Taxes: $26,780
  • Lot Desc: Cleared, Street Dead-End
  • View: Water
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Riverview High
  • Pool: Deck, Heated
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer, Water Filtration System
  • MLS#: A4590476
  • Days on Market: 113 days
  • Website: https://www.raveis.com
    /eprop/A4590476/1329nlakeshoredrive_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 5/15/2024 6:12:07 AM)
Listing courtesy of EXP Realty LLC   Phone: 888-883-8509

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

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
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

1329 N Lake Shore DRIVE, Sarasota, FL, 34231

$11,975,000

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 $9,580,000 $9,580,000 $9,580,000
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% 7.014% 7.041%
Monthly Tax Payment $2,232 $2,232 $2,232
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $65,352 $62,934 $85,440
Total Monthly Payment $67,709 $65,291 $87,797

* 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.