|
Under contract-accepting backup offers. Welcome to 5086 Palena Drive in the gated 55+ community of Holiday Park, where you own the land by deed and enjoy one of the most affordable lifestyles in Southwest Florida. This singlewide mobile home offers 2 bedrooms, 1. 5 bathrooms, and 672 square feet of interior space and is priced to reflect its condition. The home is very dated and in need of significant renovation, including interior paint, flooring, kitchen updates, bathroom improvements, and additional cosmetic and functional upgrades. This is a true handyman or investor opportunity for buyers looking to customize a home to their taste or create value through renovation.
Located in the pet section of the community, the property allows two small pets and sits in an X flood zone for added peace of mind. Holiday Park is a deeded community, and the monthly maintenance fee of $195 (approximately $2, 340 annually) is conveniently included in the property taxes. Residents enjoy an active lifestyle with access to two clubhouses, two swimming pools, a library, fitness center, tennis courts, pickleball, bocce ball, and a full calendar of social activities.
The location offers excellent convenience to everyday needs and recreation. Grocery shopping is nearby with Publix, Winn-Dixie, and Aldi just minutes away. Medical care is close at HCA Florida Englewood Hospital and other area healthcare facilities. For outdoor enjoyment and pets, Chadwick Park at Englewood Beach and Ann Dever Memorial Regional Park offer walking paths, open space, and dog-friendly areas. Public transportation is available via Sarasota County Area Transit (SCAT), providing easy access throughout the region.
Holiday Park is ideally positioned near major roads including US-41 (Tamiami Trail) and I-75, making travel to surrounding cities simple. You are a short drive to Englewood, Venice, North Port, Port Charlotte, and downtown Sarasota. Southwest Florida’s world-renowned beaches are close by, including Englewood Beach, Manasota Key, Venice Beach, and Boca Grande. Golf courses, shopping, dining, entertainment, sports facilities, and multiple airports—including Sarasota-Bradenton International Airport and Punta Gorda Airport—are all within easy reach.
Holiday Park requires every buyer to submit an application with a $50 non-refundable fee, and community approval is required prior to move-in. If you are a 55+ buyer looking for a gated, deeded community with strong amenities and the opportunity to renovate and create your own space, this property is worth a look. Come take a look and imagine the possibilities.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$29,000
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $23,200 | $23,200 | $23,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.112% | 6.520% | 5.415% |
| Monthly Tax Payment | $270 | $270 | $270 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $128 | $137 | $185 |
| Total Monthly Payment | $473 | $482 | $530 |
* 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.