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One or more photo(s) has been virtually staged. In the gated, exclusive community of Beneva Oaks, this two-story residence is a Sarasota gem that offers a rare combination of privacy, space and convenience. One of Sarasota’s sought-after neighborhoods, Beneva Oaks is an enclave of just 49 uniquely designed custom homes, each on spacious half-acre to one-acre homesites, creating an atmosphere of tranquility, safety and prestige. With majestic 100-year-old oaks and towering palms, this community is one of Sarasota’s hidden treasures, offering an abundance of space and a park-like setting while being just minutes from the heart of town. On the northern edge of Palmer Ranch, this home provides easy access to Interstate 75, Siesta Key Beach, Gulf Gate’s vibrant restaurant and shopping district, and a new Publix. A great place for a growing family, it also sits in the highly rated school districts of Gulf Gate Elementary, Sarasota Middle School, and Riverview High School, and the top high school in Florida, Pine View School for the Gifted, is 15 minutes away. Inside, the first floor offers a spacious living room, kitchen, dining area and half bath. The attached office and bedroom with adjacent full pool bath are ideal for use as an in-law or au pair suite. Upstairs, the expansive primary bedroom boasts a sitting area, walk-in shower, soaking tub and dual pedestal sinks, creating a serene retreat. Three additional guest bedrooms and a full bath complete the second level. The outdoor living space is a private oasis as French doors lead to an elevated deck with new railings illuminated by solar lights, stepping down to a sparkling blue pool surrounded by pavers. The backyard enjoys scenic, serene views, backing up to Matheny Creek and a green space easement for added privacy. Energy efficiency meets sustainability with environmentally friendly solar panels, keeping electric costs low. County water and septic ensure predictable utility expenses, and a buried 120-gallon propane tank fuels the gas stove. Additional features include a speaker system, fiber-optic high-speed internet, original Spanish tile and luxury vinyl plank flooring, and charming stained-glass accents in the front entry and stairwell. This is a rare opportunity to own in one of Sarasota’s distinguished neighborhoods, where estate-sized properties, lush landscapes and an unbeatable location create a special place to call home. Zillow flood information is incorrect, and per FEMA and the Sarasota GIS flood maps no buildings intersect flood zones. Flood insurance is NOT required. The structure is entirely within zone X, with a finished floor elevation of 23 feet. The edge of the lot bordering the creek is in Zone AE with a base flood elevation of 16. 4 feet.
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NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $800,000 | $800,000 | $800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.477% | 6.223% | 6.078% |
| Monthly Tax Payment | $406 | $406 | $406 |
| H/O Insurance Payment | TBD | TBD | TBD |
| Initial Principal & Interest Pmt | $4,669 | $4,861 | $6,697 |
| Total Monthly Payment | $5,167 | $5,267 | $7,103 |
* 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.