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WOW is the WORD to describe this Modern Luxury Home where an AMAZING design meets Resort-Style Living! Welcome to 16626 Paynes Mill Drive, a rarely available TORTOLA MODEL in Park East at Azario, Lakewood Ranch. This stunning 5-bedroom, 4. 5-bath home offers 3, 461 sq. ft. of thoughtfully designed living space, including a BONUS ROOM, 3-car garage, and versatile flex areas to fit your lifestyle. Perfectly situated on a premium LAKEFRONT homesite, you'll enjoy tranquil water views and breathtaking sunsets daily. In this home you'll be prepared for any storm with the security of knowing you have BACKUP POWER with a built-in GENERAC Generator System and a upgraded gutter system to push the water away. The extended lanai SETS THE TONE for resort-style outdoor living, featuring upgraded travertine flooring, a spacious SALTWATER POOL with HOT TUB and LED lighting, 4 large electric roll-down shades for privacy and ambiance, and a built-in vented gourmet gas grill—ideal for entertaining or relaxing in your own PRIVATE OASIS. Inside, the large GOURMET KITCHEN impresses with 42” soft-close cabinetry, high-end MONOGRAM appliances, upgraded quartz countertops, subway tile backsplash, gas cooktop with stainless hood, built-in wall oven and microwave, a walk-in pantry, and designer pendant lighting over a LARGE CENTER ISLAND. The gathering room features a beautiful DOUBLE TRAY ceiling, expansive WINE WET BAR for entertaining, upgraded POCKET CORNER SLIDERS, and PANORAMIC lake views through your CLEARVIEW SCREEN. The first-floor primary suite offers serene lake views and a spa-inspired bath with dual vanities, soaking tub, and dual rain shower heads, plus oversized walk-in closets. An additional en-suite bedroom is also located downstairs. Upstairs, discover three more spacious bedrooms (one with an en suite), a shared full bath, and a bonus/game room featuring a second WINE WET BAR with lake views (currently used as a theater room). Live where luxury meets lifestyle—lush landscaping, pristine lakes, and the natural beauty of Lakewood Ranch surround you. This home is a true standout—schedule your private showing today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,300,000
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
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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 | $1,040,000 | $1,040,000 | $1,040,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.440% | 6.133% | 6.058% |
| Monthly Tax Payment | $1,032 | $1,032 | $1,032 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,987 | $6,235 | $8,706 |
| Total Monthly Payment | $7,144 | $7,392 | $9,863 |
* 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.