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Pre-Construction. To be built. Pre-Construction To Be Built | Nearly 5 Acres | Land Offered at $450, 000 | No HOA | Customizable Estate Opportunity. Rarely does an opportunity arise to secure a newly built custom home on nearly five acres in such a desirable Sarasota location. Situated on an exceptional 4. 98-acre homesite on Lena Lane, with the land currently offered at $450, 000, this upcoming residence by E/M Custom Homes offers the perfect blend of rural privacy, open space, and modern luxury.
Set within OUE-1 zoning with open use and agricultural flexibility, this property allows you to enjoy a lifestyle free from HOA and deed restrictions. Bring your horses, farm animals, boat, RV, trailers, or create the workshop, detached garage, barn, or guest house you’ve always envisioned.
An added benefit to the property is existing fill dirt on site, including a dirt pile available for a future building pad and additional fill for new construction, helping support site preparation and future development plans.
Thoughtfully designed for both elegance and everyday living, the proposed home features a spacious open-concept floor plan anchored by a grand great room with decorative coffered ceiling details. The gourmet kitchen is planned as the centerpiece of the home, complete with an oversized island, quartz countertops, premium wood cabinetry, and ample space for entertaining.
Offering three bedrooms, a private den, and a flexible bonus room, the layout can be tailored to suit your lifestyle needs whether for a home office, fitness room, media room, or additional guest accommodations. A generous three-car garage provides space for vehicles, storage, and recreational equipment.
Outdoor living is equally inviting with a covered lanai and planned summer kitchen area, creating the ideal setting for relaxing or entertaining while enjoying the peaceful natural surroundings. With nearly five acres, the possibilities for pools, gardens, additional structures, and outdoor amenities are endless.
Electricity is available nearby, while well and septic would be installed, allowing for a more private and self-sufficient setup. Located in a no flood hazard area, the property offers added peace of mind.
Despite its serene, tucked-away setting along a canopy-lined road, the property is conveniently positioned with easy access to Sarasota, University Town Center shopping and dining, I-75, and the Gulf Coast’s world-renowned beaches.
There is still time to personalize finishes and selections before construction begins. Photos are of a previously completed model and are for illustrative purposes only. This is a rare opportunity to create a custom estate tailored to your vision and lifestyle.
Inquire for floor plans, specification sheets and standard features.
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Phone: 888.699.8876
Contact@raveis.com
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $2,010,875 | $2,010,875 | $2,010,875 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.362% | 6.349% | 6.183% |
| Monthly Tax Payment | $268 | $268 | $268 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,056 | $12,381 | $16,969 |
| Total Monthly Payment | $12,449 | $12,774 | $17,362 |
* 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.