5246 Bay Shore ROAD, Sarasota, FL, 34234 | $640,000

Under contract-accepting backup offers. Back on market but not yet inspected! Three Bed, Three Bath home in Sapphire Shores! This Bay Shore Road address is just a short stroll to Sun Circle Park on Sarasota Bay. It might be about as close as you can live to the water and NOT be in a flood zone! And you are adjacent to some of the most majestic and established cultural institutions in Sarasota. The John and Mable Ringling Museum of Art, the “gilded era” mansion & museum Ca’ d’Zan, The Asolo Repertory Theater, The Sarasota Ballet and more. But location is not all this place has going for it. You’ll also find a unique, split bedroom floor plan allowing many living opportunities. Two of the bedrooms are “en-suite” and one has a private entry. Maybe this is perfect for a visiting artist in residence? A professor from nearby New College of Florida or USF? Or a roommate wanting independence and privacy. There is garage access and street frontage behind on Eastchester Drive. This keeps the front lawn along Bay Shore Road open and green. The site lines in Sapphire Shores are the longest in town and your views will take in the vintage homes and mature landscaping of a well-established neighborhood. Additional interior features of this classic ranch include oak, hardwood floors throughout, a wood burning fireplace and dramatic chimney (it’s been a while since used) and an updated kitchen in the middle of the home tying together this space with a living room, dining room AND a family room. A unique, outdoor breezeway can be used as a “covered courtyard” greatly expanding the indoor/outdoor potential of this property. The breezeway leads to a multi-functional garage with a workshop perfect for the hobbyist be it woodworking or cars. There have been multiple updates over the years with the most recent being a new roof in 2022. This location on Sarasota’s north side, just 2 miles from downtown and near the University Parkway corridor anchored by Sarasota Bradenton International Airport on the west and University Town Center shopping district on the east. There is no more convenient location to be found!

Features

  • Rooms: 10
  • Bedrooms: 3
  • Baths: 3 full
  • Lot Size: 92 x 112
  • Style: Ranch
  • Year Built: 1960
  • Garage: 2-car Driveway, Garage Faces Rear, Workshop in Garage
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,005
  • Acreage: 0.24
  • Lot Size: 92 x 112
  • Est. Taxes: $5,368
  • Lot Desc: Corner Lot, City Lot, Level, Near Public Transit, Sidewalk
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4578179
  • Days on Market: 187 days
  • Website: https://www.raveis.com
    /prop/A4578179/5246bayshoreroad_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 1:32:17 PM)
Listing courtesy of COLDWELL BANKER REALTY   Phone: 941-366-8070

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NMLS Mortgage Loan Originator ID 16953

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Melissa.Cohn@raveis.com

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5246 Bay Shore ROAD, Sarasota, FL, 34234

$640,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $512,000 $512,000 $512,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.945% 7.133% 6.256%
Monthly Tax Payment $447 $447 $447
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,493 $3,403 $4,318
Total Monthly Payment $4,032 $3,942 $4,857

* 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.