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An investment opportunity of a lifetime awaiting your personal touch! One of the largest homes in Tampa is nestled within the prestigious, man-gated enclave of The Reserve at Tampa Palms. This Alvarez custom estate has potential and is nothing short of extraordinary. It offers 6 bedrooms, 3 half bathrooms, office, media room, exercise room, full western bar, and a display room that can be used as a 6th bedroom. This home is for car enthusiasts! There is a side entry to the home with a gate house that can be used as a garage to accommodate a small car or golf cart, a 3 car stand alone garage, a 2 car garage attached to the home with a 3rd stall for storage and a car park with room for 10+ cars! A Grand Porte cochere welcomes you to the formal front entry. Custom wood doors open to reveal soaring two-story ceilings and a sweeping oak staircase and the formal living room, with mirrored ceilings. The formal dining room features two-story ceilings and a Butler’s pantry next to the kitchen. The kitchen is generous in size and overlooks the amazing family room. You'll be in awe of the soaring tongue n groove 25 foot ceiling, glass encased elevator, contemporary light accents and two story stone fireplace. The primary retreat is on the first floor and offers a separate sitting area with a wet bar. The primary bathroom is over 900 square feet and offers a glass block shower, oversized garden tub, dual vanities, and a private entrance to a sauna. The first floor also hosts 3 additional secondary bedrooms with jack n jill bathrooms. The 4th bedroom is complete with a separate sitting room and private bathroom. The office is located on the first floor and boats Cherry wood paneling on the walls and ceiling, and Cherry hardwood floors with custom built-ins. Upstairs there is an additional primary suite that features a bathroom, sitting area, and sun room that opens to a grand outdoor balcony. As you continue down the central balcony corridor there are three expansive trophy rooms suitable for a gym, media room and playroom. A rotunda overlooks the family room, adding to the architectural elegance. The western bar measures an amazing 650 square feet with exposed carriage beams, a custom full bar, fireplace, and a bathroom. Complete with wing doors reminiscent of old West saloons, this space exudes character and is sure to be a focal point of the estate. There is a pool and spa, complemented by an outdoor kitchen and a two-story screened lanai. This estate is truly one of a kind! The property's prime location ensures convenience to top rated schools, shopping centers, and restaurants. With easy access to I-75 and proximity to the YMCA, USF, Florida Hospital, Moffitt, Veterans Hospital, Wiregrass Mall, Tampa Premium Outlet Mall, you will love to call this place home. Room Feature: Linen Closet In Bath (Bedroom 1). Bedroom Closet Type: Walk-in Closet (Primary Bedroom).
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Our Executive Mortgage Banker:
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$2,500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $2,000,000 | $2,000,000 | $2,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.799% | 6.876% | 6.850% |
Monthly Tax Payment | $3,173 | $3,173 | $3,173 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,306 | $12,972 | $17,560 |
Total Monthly Payment | $16,604 | $16,270 | $20,858 |
* 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.