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Rare opportunity to acquire a 1-acre, no-HOA property in Mission Valley Estates featuring an existing main residence plus detached guest house, oversized pool, and exceptional location, offered down to the studs and ready for a full custom rebuild. The property totals 3, 348 square feet and offers a five-bedroom, three-and-a-half-bathroom layout across two structures.
The 2, 756 square foot concrete block main house is configured with a first-floor primary suite and three additional bedrooms located on the upper level, while the 592 square foot detached guest house / mother-in-law suite is a one open-space layout and includes its own kitchen and full bathroom, offering excellent flexibility for guests, extended family, or future use. Both structures were intentionally taken down to the studs as part of a planned owner renovation that is no longer moving forward due to a change in plans. This condition is not related to flooding — the property has never flooded and is located in Flood Zone X.
Major infrastructure improvements are already in place, including new roofs on both structures installed in 2023, private well and septic (with a new septic system and drain field installed in 2010), concrete block construction, and an oversized two-car garage. The property will require new plumbing, electrical, HVAC, insulation, and full interior build-out, offering a true blank slate for customization without demolition risk or unknown conditions.
The home sits on a gorgeous, tree-lined lot featuring mature, 100+ year-old oak trees, creating a truly special and park-like setting rarely available in this area. The grounds have been well manicured and the property is tucked away on a quiet cul-de-sac with virtually no traffic, offering both privacy and tranquility. Outdoor features include a large, well-maintained pool with generous deck area, ideal for entertaining or future outdoor enhancements.
The property will be conveyed as one full acre following a lot split, and a survey with clearly outlined parcel boundaries will be provided. There are no deed restrictions and no HOA, and zoning allows for flexibility, including the ability to add an ADU or additional guest quarters, subject to county approval.
Mission Valley Estates is known for its large lots, custom homes, and privacy, while remaining conveniently located three miles to the beach, four miles to Venice Island, and with easy access to I-75, shopping, dining, and everyday conveniences. The property is also located near several highly regarded Sarasota County schools, including Laurel Nokomis School, Venice High School, Pine View School, and other well-known options in the area.
This property is ideal for a buyer seeking full design control who understands the value of starting with solid structures, new roofs, established infrastructure, an existing pool, and a rare, oak-canopied acre in one of Nokomis’ most desirable non-HOA neighborhoods. Property is being sold as-is and interior build-out is required.
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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 | $519,920 | $519,920 | $519,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.533% | 5.794% |
| Monthly Tax Payment | $733 | $733 | $733 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,076 | $3,244 | $4,248 |
| Total Monthly Payment | $3,900 | $4,068 | $5,072 |
* 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.