2250 Lorraine ROAD, Sarasota, FL, 34240 | $1,249,500

This is the one! OPEN USE ESTATE ZONING! No HOA and no Deed Restrictions. An equine’s dream property! Situated on an expansive 5-acre lot with various amenities that truly make this property one-of-a-kind off of Lorraine Road. Just East of I-75, across from the Windward Community of Lakewood Ranch. Whether you have a passion for horses or simply desire additional storage options and privacy, this property is for you. Pastures provide a serene backdrop and offer the potential for various outdoor activities. No country estate would be complete without a tranquil pond, and this property delivers just that. Upon entering this charming home, you'll immediately appreciate the abundance of natural light that illuminates the open floor plan consisting of just under 2, 000 square feet. The spacious layout allows for seamless movement between rooms, making it ideal for both everyday living and entertaining guests. Kitchen is equipped with ample counter space and storage, preparing delicious meals will be a breeze. Vaulted ceilings throughout add an extra touch of elegance and grandeur to this already impressive home. The soaring ceilings create an open and airy atmosphere that immediately captures your attention upon entering each room. Every bedroom features bay windows that not only enhance the overall aesthetic appeal but also allow for an abundance of natural light to flood into these spaces. These windows create cozy nooks within each room where you can curl up with a book or simply enjoy serene moments of solitude. In the back/side of the home you will find sliding glass doors leading to the lanai from the living room, dining room and master bedroom, providing convenient access outside. With OUE Zoning, the property offers an opportunity for future development as well. Breathtaking surrounding, tranquility and future development opportunity make this property a one of a kind! Just East of I-75 off Fruitville, this property is 5. 5 miles from Waterside, 4 miles from Sun n Fun, less than 4 miles from Tatum Ridge Golf Course and 10 minutes to fantastic dining, shopping and gyms. Please call for more information and with any questions. Schedule a private showing today and see for yourself how wonderful and unique this property is!

Features

  • Rooms: 6
  • Bedrooms: 3
  • Baths: 2 full / 1 half
  • Laundry: In Garage
  • Year Built: 1996
  • Garage: 2-car Garage Door Opener, Parking Pad
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,970
  • Acreage: 5
  • Est. Taxes: $6,990
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • MLS#: A4596355
  • Days on Market: 27 days
  • Website: https://www.raveis.com
    /eprop/A4596355/2250lorraineroad_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 5/13/2024 5:17:09 PM)

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NMLS Mortgage Loan Originator ID 38342

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2250 Lorraine ROAD, Sarasota, FL, 34240

$1,249,500

Nicole Vargas

William Raveis Real Estate

Phone: 978.995.0316

Nicole.Vargas@raveis.com

Joanne O'Keefe

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 978.314.1072

Joanne.OKeefe@raveis.com

NMLS Mortgage Loan Originator ID 38342

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $999,600 $999,600 $999,600
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% 6.977% 7.041%
Monthly Tax Payment $583 $583 $583
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,819 $6,567 $8,915
Total Monthly Payment $7,526 $7,274 $9,622

* 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.