5868 Palmer Ranch PARKWAY, Sarasota, FL, 34238 | $1,380,000

Welcome home to the stunning Rockford III model featuring 4100 sq ft of living space with 4BR, 3. 5BA plus an office/den, media room situated on an oversized gorgeous landscaped lot with a beautiful serene lake located in the most sought after family friendly community of Arbor Lakes on Palmer Ranch. Once you enter the home you will be greeted by soaring ceilings, a beautiful wrought-iron staircase, an abundance of natural light and tile plank flooring that draw your eyes out to the refreshing and spacious custom built 14x34 salt-water pebble tec pool with a relaxing six jet therapy spa. The pool area was upgraded w/ an extended paver lanai perfect for watching gorgeous sunsets, 2 relaxing water bowl features, outdoor kitchen w/ a grill, refrigerator and high density cabinets that are durable and water resistant. The upgraded pool cage has no chair rail to enhance your beautiful lake views, fine mesh for sun and mosquito protection and is surrounded by tropical green hedges to create the perfect amount of outdoor privacy. The home has also been equipped in 2022 w/ a Kohler’s natural gas generator that powers the whole house for extra peace of mind during the storm season. The breathtaking gourmet chef’s kitchen is the centerpiece of this home boasting an oversized high quality quartz island upgraded in 2022, new kitchen backsplash in 2022, new LG refrigerator in 2023, stainless steel appliances, gas cooking range w/ hood, double ovens, beautiful hardwood cabinetry and a spacious eat-in breakfast area. Just off the kitchen is your very own butler’s pantry, formal dining room with custom wainscoting and an office/den with classic french doors and new LVP flooring in 2022. The luxurious first floor primary suite has 3 beautiful windows overlooking the refreshing pool, an oversized closet with custom built shelving, spacious walk-in shower and large double vanities. As you walk up the beautiful hardwood wrought-iron staircase to the second level you will find an oversized loft used as a playroom that is complete w/ a wet bar, beverage refrigerator and cabinets to store endless amounts of board games. Just off the loft is a large media room w/ an oversized screen, surround sound and projector that allows you to relax and unwind to your favorite movies. The second level includes 3 additional bedrooms with 2 full baths with one featuring an en-suite bathroom and oversized closet for storage. The home features continue w/ new exterior painting in 2024, interior painting in 2023, new garage epoxy floors, new off floor garage and bike storage, upgraded sprinkler system, professional landscaping, new wrought iron fence with gate installed in 2020, upgraded alarm system, upgraded LED lights, Taexx pest control system in walls, whole house water filtration, upgraded fixtures and ceiling fans, custom Hunter Douglas curtain systems, updated half bathroom w/ a new vanity and high quality quartz in 2022 and upgraded coffered ceilings in the great room. Arbor Lakes is gated at one of the two entrances and is located in the top rated school districts w/ only 15 minutes to Pine View School for the gifted, low HOA and no CDD fees and is conveniently located to downtown, shopping, restaurants and is 15 minutes to the world famous white sandy beaches of Siesta Key. The fun-filled community includes a pirate playground, resort style pool, spa, splash park, volleyball, basketball, dog park, designated fishing areas and a gas fire pit for hours of endless fun.

Features

  • Rooms: 11
  • Bedrooms: 4
  • Baths: 3 full / 1 half
  • Laundry: Inside, Laundry Room
  • Style: Craftsman
  • Year Built: 2014
  • Garage: 2-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 4,108
  • Acreage: 0.27
  • Est. Taxes: $6,328
  • HOA Fee: $548 Quarterly
  • Lot Desc: In County, Landscaped, Oversized Lot, Sidewalk
  • View: Pool, Trees/Woods, Water
  • Elem. School: Ashton Elementary
  • Middle School: Sarasota Middle
  • High School: Riverview High
  • Pool: In Ground
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator
  • MLS#: N6130861
  • Days on Market: 69 days
  • Website: https://www.raveis.com
    /eprop/N6130861/5868palmerranchparkway_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 10:02:14 AM)
Listing courtesy of RE/MAX ALLIANCE GROUP   Phone: 941-954-5454

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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5868 Palmer Ranch PARKWAY, Sarasota, FL, 34238

$1,380,000

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 $1,104,000 $1,104,000 $1,104,000
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 $527 $527 $527
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,531 $7,252 $9,846
Total Monthly Payment $8,183 $7,904 $10,498

* 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.