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In desirable South Sarasota, Stoneybrook at Palmer Ranch is a popular gated community centered around a vibrant, member-supported country club with a restaurant and full bar. Residents enjoy an 18-hole Arthur Hills golf course, newly remodeled by Kipp Schulties, along with Har-Tru tennis courts, bocce, a fitness center and community pool. The location is ideal, close to shopping, Siesta Key beaches, Sarasota Memorial Hospital, and the rich arts and cultural venues of downtown Sarasota. This High Gate condominium offers 1, 333 square feet of easy ground-floor living. The front lanai faces east for morning sun, while the rear screened lanai overlooks the golf course, ideal for sunset views. The kitchen includes a breakfast nook with sliding doors to the front lanai, a closet pantry and a pass-through to the great room. The great room combines living and dining areas with sliding glass doors opening to the rear lanai. The primary suite is light filled with a bay window, sliding doors to the lanai, two walk-in closets and an en-suite bath with a walk-in shower. The guest bedroom is at front of the home with access to a second full bath. Additional features include a laundry room with storage, a one-car garage conveniently across from the entrance, and proximity to the community pool, just a short distance away. All assessments have been paid, including the 2025 roof replacement and the golf course renovation contribution. Ownership includes one-time club contribution of $10, 000, annual golf and country club membership of $6, 857, annual food and beverage minimum of $900, Palmer Ranch fee of $175 annually, Stoneybrook Boulevard fee of $250 annually, and a High Gate condominium fee of $6, 424 annually (includes roof maintenance, water and sewer). This welcoming residence combines ease of maintenance-free living with amenities of a country club lifestyle in one of Sarasota’s sought-after locations.
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $263,920 | $263,920 | $263,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | $285 | $285 | $285 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,519 | $1,690 | $2,192 |
| Total Monthly Payment | $1,879 | $2,050 | $2,552 |
* 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.