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Under Construction. What's Special: No Rear Neighbors | Pond View | Close to Amenity | Convenient 1st Floor Living - New Construction - July Completion! Built by Taylor Morrison, America's Most Trusted Home Builder. Welcome to the Ivy at 10648 Orbit Terrace in The Towns at Skye Ranch! This thoughtfully designed townhome maximizes every inch of living space. Step inside to find the kitchen at the front of the home, complete with a spacious pantry, then move into the casual dining area and great room that opens to a welcoming outdoor patio. Upstairs, enjoy the private primary suite with a full bath, while the second floor also offers a convenient laundry area and a secondary bedroom with its own bath. Nestled behind the gates of Skye Ranch, these modern, open-concept townhomes are part of a master-planned community in the heart of Sarasota. Located at Clark Road and Lorraine Road, Skye Ranch blends everyday convenience with natural beauty—grand oaks, lush palms, forested wetlands, pristine lakes, and native wildlife. Additional highlights include quartz countertops and window blinds throughout. Photos are for representative purposes only. MLS#A4677899
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Our Executive Mortgage Banker:
Our Insurance Division:
$274,759
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 | $219,807 | $219,807 | $219,807 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.345% | 6.533% | 5.783% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,300 | $1,371 | $1,795 |
| Total Monthly Payment | $1,375 | $1,446 | $1,870 |
* 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.