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Presented by
Rob Young |
LENA LANE, Sarasota, FL, 34240 | $450,000
Rarely does an opportunity arise to own nearly five acres of pristine Sarasota landscape in such a coveted location. This exceptional 4. 98-acre parcel on Lena Lane offers the perfect balance of rural tranquility and urban convenience, providing a sprawling blank canvas for your architectural vision.
Zoned OUE-1 with open use and agricultural flexibility, this property presents an ideal setting to design and build a custom residence with ample space for a guest home, workshop, barn, or additional estate features. The generous acreage is especially appealing for equestrian enthusiasts, hobby farming, or those simply seeking privacy and room to grow. With no deed restrictions or HOA requirements, owners can enjoy added freedom and flexibility to accommodate farm animals, boat or RV storage, trailers, detached garages, workshops, and other lifestyle amenities tailored to their needs.
Essential utilities add to the parcel’s appeal, with electricity available nearby, while a well and septic system would need to be installed allowing for a more private, self-sufficient setup. Located in a no flood hazard area, the property offers added peace of mind for future development and ownership.
Despite its peaceful, tucked-away setting along a quiet canopy-lined road, the parcel remains conveniently positioned with easy access to Sarasota, University Town Center shopping and dining, I-75, and the Gulf Coast’s world-renowned beaches.
This is a rare opportunity to secure one of the few remaining large parcels in the 34240 area and create a private estate tailored to your vision and lifestyle.
Features
- Lot Size: 338 x 638 x 338 x 642
- Pet Policy: Yes
- MLS#: N6143021
- Days on Market: 5 days
- Website: https://www.raveis.com
/prop/N6143021/lenalane_sarasota_fl?source=qrflyer
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.
Rob YoungBroker Associate
516.426.8529
Rob.Young@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.
Frank MerolaVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1020051
508.740.5922
Frank.Merola@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
Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@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
LENA LANE, Sarasota, FL, 34240
$450,000
Rob Young
Broker Associate
William Raveis Real Estate
Phone: 516.426.8529
Rob.Young@raveis.com
Frank Merola
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $360,000 | $360,000 | $360,000 |
| 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 | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,072 | $2,305 | $2,989 |
| Total Monthly Payment | $2,147 | $2,380 | $3,064 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388