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5566 MAGNOLIA TREE TERRACE, Sarasota, FL, 34233 | $649,900
Under contract-accepting backup offers. Welcome to 5566 Magnolia Tree Terrace, nestled in the charming community of Magnolia Pond in Sarasota — a quiet enclave of just 59 homes surrounded by three picturesque lakes.
A brick paver driveway leads to the two-car garage and elegant double-door entry, framed by lush, manicured landscaping. Step inside and be immediately captivated by tranquil water views and an immensely functional floor plan designed for both entertaining and everyday living. The formal living room showcases a vaulted ceiling and pocketing sliders that seamlessly blend indoor and outdoor spaces, opening to the pool and tropical vista beyond. A separate formal dining room with wood flooring and built-in server creates the perfect setting for memorable gatherings.
The open kitchen flows effortlessly into the casual dining area and family room, while sliding glass doors lead to the screened lanai — ideal for hosting or simply relaxing. Outside, enjoy a gas-heated pool and spa, brick paver deck, and a separate covered area perfect for a future outdoor kitchen.
This four-bedroom home features a desirable split floor plan. The spacious primary suite boasts tray ceilings, a walk-in closet, and private lanai access, and update en-suite bathroom. A second bedroom includes an bath with direct pool access for guest privacy. Two additional bedrooms share the 3rd bathroom, providing comfort and flexibility for family or visitors. Crown molding, architectural ledges, and thoughtful details enhance the home throughout. A new roof in 2024 offers added peace of mind, along with the new pool cage in 2025.
Whether you're a snowbird seeking sunshine or a family wanting proximity to A-rated schools, this home delivers the Florida lifestyle at its finest. Located just minutes from the soft sands of Siesta Key Beach, world-class dining, The Mall at University Town Center, and the scenic Legacy Trail, convenience and recreation are always within reach.
This is a home where the good life truly keeps on giving. Schedule your private showing today!
Features
- Rooms: 8
- Bedrooms: 4
- Baths: 3 full
- Laundry: Laundry Room
- Year Built: 1997
- Garage: 2-car
- Heating: Central
- Cooling: Central Air
- Approx Sq. Feet: 2,264
- Acreage: 0.21
- Est. Taxes: $3,722
- HOA Fee: $900 Annually
- Lot Desc: Landscaped, Sidewalk, Street Dead-End
- View: Water
- Elem. School: Ashton Elementary
- Middle School: Sarasota Middle
- High School: Riverview High
- Pool: In Ground, Screen Enclosure
- Pet Policy: Yes
- Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
- MLS#: A4683985
- Days on Market: 56 days
- Website: https://www.raveis.com
/prop/A4683985/5566magnoliatreeterrace_sarasota_fl?source=qrflyer
Listing courtesy of Compass Florida LLC Phone: 941-279-3630
William Raveis Family of Services
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.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Pedro DelgadilloInsurance Sales Director, William Raveis Insurance
305.922.5393
Pedro.Delgadillo@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
5566 MAGNOLIA TREE TERRACE, Sarasota, FL, 34233
$649,900
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
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 | $519,920 | $519,920 | $519,920 |
| 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 | $310 | $310 | $310 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,993 | $3,329 | $4,317 |
| Total Monthly Payment | $3,395 | $3,731 | $4,719 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388