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Under Construction. Set on approximately 102 acres just eight miles from world-class Gulf beaches, this extraordinary ranch estate presents a rare opportunity to complete a one-of-a-kind residential compound in Venice, Florida. The non-completed main residence spans more than 24, 500 total square feet, with 18, 869 square feet of interior space, including seven bedrooms, seven full baths and six half baths. The estate is framed and plumbed, ready for drywall, offering its next owner the opportunity to fully customize the final phases of construction. The seller’s plans reflect a primary suite including multiple sitting rooms, dual walk-in closets, and a spa-style bath with walk-in showers. A chef’s kitchen is designed to accommodate two bar areas, a full dining room and a commercial-grade freezer with a walk-in pantry. A grand living room is highlighted by skylights, while plans include guest suites, formal living rooms, library/office overlooking the amazing pool area, private theatre, gym and dual laundry rooms. The estate also features a poolside casita guest house with two separate living dwellings, one a three-bedroom, two-bath, the other a one-bedroom, one-bath to be completed by the buyer. Outdoor living is centered around a designed 100, 000-gallon geothermal-heated pool, complete with walk-in entry, water slides, lounging areas, outdoor kitchen, covered pavilion, and poolside baths and showers. Equestrian enthusiasts will appreciate the 21-stall barn with a community room, kitchen, full bath and two self-contained apartments. Multiple detached garages accommodate more than 10 vehicles and provide additional storage. A full stone perimeter wall surrounds the estate, ensuring privacy and security. With potential to subdivide or maintain as a legacy family compound, this generational opportunity offers architectural scale, acreage and vision unlike anything else in the region.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$19,999,000
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 | $15,999,200 | $15,999,200 | $15,999,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.214% | 6.145% | 5.846% |
| Monthly Tax Payment | $11,583 | $11,583 | $11,583 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $92,100 | $95,923 | $131,790 |
| Total Monthly Payment | $103,808 | $107,631 | $143,498 |
* 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.