Under contract-accepting backup offers. Substantial price adjustment and amazing value for this property located “West of Trail, ” nestled between Siesta Key and Downtown Sarasota! This 1/3-acre lakefront property on quiet Spring Creek Drive offers compound-style privacy while being within golf cart range of Southside Elementary and the boutique dining and shopping of Southside Village. Stepping through the front gate, you are welcomed into a secluded courtyard oasis. The heated salt water pool is complimented by a spacious outdoor lounging and entertaining area with a charming paver path that winds throughout the lush tropical landscaping. Upon entering the residence you are greeted by turquoise hues of the spring-fed lake which illuminates the great room and open dining area. The chef’s kitchen boasts a gas range, stone counters and a comfy breakfast nook for views of the serene lake setting. An array of sliding doors seamlessly extends the entertaining out to the spacious screened patio, for festive gatherings or relaxing nights around the gas fire pit. The primary suite is tucked quietly away from the entertaining areas and features an expansive ensuite and views of the courtyard pool. Three guest bedrooms provide ultimate flexibility for hosting guests or your home office needs. An oversized bonus room with wood burning fireplace is tucked away from the sleeping quarters and provides a fun bar room atmosphere, dedicated media room or the versatility to tailor the floor plan to your future needs. The bonus room currently has an attached full bathroom so could be converted into a spacious in-law suite with exterior access or a second primary suite. A two-car garage completes this offering with ample room for your bikes as Siesta Key beach and Downtown Sarasota are both less than 3 miles away. This spacious 13, 000 sq ft lot in a prime location delivers an unparalleled mix of solitude and convenience, defining the quintessential West of Trail experience. As an added bonus, this property is not in a special flood zone (‘X’); removing flood insurance requirements, FEMA renovation restrictions and providing you with additional peace of mind. Located within the City of Sarasota and with no HOA restrictions the property also has strong rental potential. This is your opportunity to secure West of Trail living, schedule your private showing today!
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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 | $1,079,200 | $1,079,200 | $1,079,200 |
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 | $1,041 | $1,041 | $1,041 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,362 | $7,090 | $9,625 |
Total Monthly Payment | $8,528 | $8,256 | $10,791 |
* 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.