516 E Lake DRIVE, Sarasota, FL, 34232 | $679,999

This enchanting 3-bedroom, 2-bathroom, 2-car garage pool home nestled along the serene shores of a picturesque lake. This meticulously maintained residence seamlessly combines modern living with the tranquility of its surroundings, creating a rare haven of comfort and peace. Surrounded by lush landscaping, the property unfolds as a private oasis, extending a warm welcome each time you return. Stunning and Dramatic Direct Sunset Views . Immerse yourself in mesmerizing lake views, either from your backyard sanctuary or while taking a leisurely swim in the inviting solar heated pool. The fenced yard not only ensures privacy but also provides an ideal space for pets, and serene moments. Recent upgrades to the home include in 2023-2024 New HVAC system, New mini split AC in Great Room, New Pool Filtration System , New Flat Roof , New Kitchen Stove, Micro Wave and Wine Refrigerator , Updated Bathrooms, State-of-the-art water treatment system ensures clean and refreshing water throughout the property, Sewer Main Drain Pipes recently jet cleaned , a new washer and dryer (2023) for modern convenience. House recently painted and Bahama Shutters added inside and out. Over 100K in upgrades since 2021 ! Move in Condition. With no deed restrictions, you have the freedom to tailor your home to your unique tastes. Additionally, enjoy direct access to the lake for fishing, kayaking, and paddleboarding. Conveniently located just minutes from Cardinal Mooney, McIntosh Middle School, and the recreational haven of Fruitville Park, this property offers an unparalleled combination of beauty, comfort, and accessibility. Don't miss out—schedule a private showing today and step into your dream home!

Features

  • Rooms: 9
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Inside, Laundry Room
  • Style: Florida, Traditional
  • Year Built: 1960
  • Garage: 2-car Off Street
  • Heating: Central, Electric
  • Cooling: Central Air, Mini-Split Unit(s)
  • Approx Sq. Feet: 2,362
  • Acreage: 0.34
  • Est. Taxes: $5,214
  • HOA Fee: $125 Annually
  • Lot Desc: Landscaped
  • View: Garden, Pool, Water
  • Pool: Heated, In Ground, Screen Enclosure, Solar Heat
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Cooktop, Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Ice Maker, Kitchen Reverse Osmosis System, Microwave, Refrigerator, Washer, Water Filtration System, Wine Refrigerator
  • MLS#: A4594489
  • Days on Market: 90 days
  • Website: https://www.raveis.com
    /prop/A4594489/516elakedrive_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 5/16/2024 6:05:35 AM)
Listing courtesy of RE/MAX ALLIANCE GROUP   Phone: 941-954-5454

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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
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Our Insurance Division:

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516 E Lake DRIVE, Sarasota, FL, 34232

$679,999

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 $543,999 $543,999 $543,999
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 $435 $435 $435
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,711 $3,616 $4,588
Total Monthly Payment $4,237 $4,142 $5,114

* 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.