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Now priced below a recent appraisal of $850, 000! This two-story home originally built in 1925 is tucked beneath a canopy of mature oaks in Sarasota’s charming Indian Beach neighborhood, offering privacy, character, and an exceptional location just one block from the bay yet safely outside the flood zone. The main residence includes 3 bedrooms and 2. 5 bathrooms, with all bedrooms located on the second floor, and is ideal for a buyer ready to renovate and reimagine a truly unique property. The great room features 10' ceilings, a gas fireplace, and floor-to-ceiling French doors opening to a private courtyard. Upstairs, two bedrooms share a loft-style living area, while the primary suite enjoys its own balcony. While lovingly maintained, the home’s interior finishes and layout are dated and will require renovation, presenting an opportunity to modernize and add value. A 2007 addition includes a two-car garage and a detached studio apartment with a full bath, offering flexible space for guests or creative use. Indian Beach is one of Sarasota’s most desirable historic neighborhoods, close to the Ringling Museum, Asolo Theater, Bay Park Conservancy, downtown Sarasota, SRQ Airport, St. Armands Circle, and the beaches of Lido and Longboat Key. A rare chance to buy below appraised value in a coveted neighborhood—close to the water, high and dry, and ready for its next chapter.
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Our Executive Mortgage Banker:
Our Insurance Division:
$795,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $636,000 | $636,000 | $636,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.132% | 5.415% |
| Monthly Tax Payment | $842 | $842 | $842 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,611 | $3,809 | $5,071 |
| Total Monthly Payment | $4,545 | $4,743 | $6,005 |
* 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.