1702 4th STREET E, Palmetto, FL, 34221 | $1,675,000

Under contract-accepting backup offers. One or more photo(s) has been virtually staged. Nestled within a gated boating community, this BRAND NEW, NEVER LIVED-IN waterfront residence is a haven of luxury and functionality featuring 3 bedrooms, a spacious bonus room, a large office/den, and a wide-water view. Boasting hurricane impact windows and doors, the home ensures a secure and comfortable lifestyle with seamless access to the Gulf of Mexico. The property is designed for water enthusiasts, featuring 107’ of waterfront property ready for a private dock on a protected lagoon —a perfect and secure launching point for your aquatic adventures. Embodying the essence of sophisticated coastal living, the flowing floorplan effortlessly connects the living room, dining room, kitchen, and outdoor areas, creating an open and airy atmosphere. Hosting gatherings is a delight as guests seamlessly transition from the interior to the clear-view screened lanai through the 10’ corner-sliding glass doors that create the epic indoor/outdoor experience overlooking the large custom pool with a luxurious spa. The well-equipped kitchen is a culinary haven, adorned with quartz countertops, dual-stacked cabinets, and stainless appliances. Fulfill your dreams of being a boat captain and return home to a private pool with a spa, providing the perfect setting for a refreshing swim after a day on the water. Privacy is paramount with two generous guest bedrooms positioned opposite the owner's suite. The master retreat features sliding glass doors to the lanai and a spa-like en-suite bath with a spacious shower, soaking tub, and separate vanity areas. Situated in the esteemed gated community of Sanctuary Cove – and then positioned in the reserve section of Waters Edge, residents have the privilege of boating to the Manatee River, Sarasota Bay, and the Gulf, with dining, shopping, and fuel stops along the way. Community amenities include a gate, clubhouse, fitness center, community pool, sand park, and marina. Conveniently located near three major airports, world-class beaches, I-75, and the Ellenton Outlet Mall, UTC shopping/restaurant area, this waterfront oasis transforms your dreams into reality.

Features

  • Rooms: 7
  • Bedrooms: 3
  • Baths: 2 full / 1 half
  • Laundry: Inside, Laundry Room
  • Style: Florida
  • Year Built: 2023
  • Garage: 3-car Driveway, Garage Door Opener
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 3,004
  • Acreage: 0.32
  • Est. Taxes: $5,792
  • HOA Fee: $1,083 Annually
  • Lot Desc: Flood Insurance Required, City Lot, Landscaped, Near Marina, Sidewalk, Street Dead-End
  • View: Water
  • Pool: Child Safety Fence, Gunite, Heated, In Ground, Lighting, Salt Water, Screen Enclosure, Tile
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer
  • MLS#: A4593681
  • Days on Market: 124 days
  • Website: https://www.raveis.com
    /eprop/A4593681/17024thstreete_palmetto_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 5/16/2024 7:17:09 PM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-907-9595

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
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860.690.5052

Robert.Reade@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

1702 4th STREET E, Palmetto, FL, 34221

$1,675,000

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 $1,340,000 $1,340,000 $1,340,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.875% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.851% 6.989% 6.936%
Monthly Tax Payment $483 $483 $483
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,028 $8,803 $11,858
Total Monthly Payment $9,636 $9,411 $12,466

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.