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This Lakefront Estate Home with a second private residence is in the gated Lake Geraldine Community in Venice, on 3 acres with 300' frontage on a 30-acre lake, with Myakka State Forest behind. To the Wellen Park schools is 2 miles/5 minutes, on the way to dining, shopping, and the Atlanta Braves Spring Training Stadium. To Englewood Beach is 20 minutes and Venice Beach 30, US 41/ Tamiami Trail 3. 3 miles by River Road, I-75 Exit 191 8. 4 miles.
This Executive home is ideal for someone who entertains family, friends, and business associates. The detached guest house is perfect for parents or visitors. Both houses and well house have metal roofs. Main house is 5752 SF with 3989 SF heated, high ceilings, crown moldings, porcelain tile throughout living areas, wood plank tile in bedrooms, custom ceiling fans most rooms. 3 BDR, 3 baths, 1/2 pool bath. Foyer opens to formal living room with fireplace and disappearing sliding doors to pool. Formal dining room is open to 26' x 17' kitchen with side by side refrigerator, 75-bottle wine cooler, island 6-burner gas range, custom range hood, island sink, wood cabinetry, granite countertops, and raised counter seating for 6. Dinette seats 4 with bay window to pool and lanai. Family room is open to kitchen, has sliding door wall to outdoor kitchen, pool. Covered seating on pool deck with sliders to living room. Primary Bedroom has walk-in her/his closets. Bath has soaking tub between vanity cabinets, walk area each side to bay window walk-in/through shower, 2 handheld showers and a rain shower & a spray wall, windows view lake for Sunset. Separate water heater for Primary Suite. Outdoor shower by screened /heated saltwater pool. All new pool equipment, replumbed, auto clean, chlorinator, control in Kitchen. 36x20' pool in a Travertine deck 55x30' open & 30x21' covered. 68-foot Travertine covered and screened front porch with room for a dining table, seating area for 4 and a bench, looks over the lake for watching sunsets, and to your private dock, the only one allowed on the lake.
Well house high volume water softener preserves twin high-pressure filters in a RO system filling the 500 gallon storage tank. DAB pump for constant flow/pressure to the homes. Water goes through carbon tank & calcium tank removing chlorine and correcting pH. New pressure tank and switches. Irrigation controlled by wireless controller programmed by cell phone. Pump in lake provides irrigation for 12 zones covering the property. A variance reduced the cul-de-sac ROW by 10', $27K in high quality fill added to allow a wall/ gate on the front, and along the driveway opposite the garage for an additional garage/ storage building. If power goes out the generator powers the house including A/C. The lot sides & rear are fenced.
Guest House: built 2012, 1512 SF total, 862 SF conditioned space. Propane generator w/ 250 GL tank. New AC in April. Complete renovation 2023-4: luxury vinyl floor, new kitchen cabinets, appliances, fixtures, quartz counters with waterfalls, new bath vanity/ fixtures, backlit pantry/linen & mirrored bedroom closet doors. 12x14' bedroom, 12' closet. Added 22x36' rear deck with screen enclosure to the covered deck. Living room has 2-side corner sliders opening to deck with outdoor shower & plumbed for outdoor kitchen. 150x90' fenced rear yard. Commercial hexagon Tiki bar, swings and fire table by the lake. Many large palm trees and landscape with blooming trees added to complete a back yard oasis.
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Our Executive Mortgage Banker:
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$1,675,000
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
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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 | $1,340,000 | $1,340,000 | $1,340,000 |
| 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% | 6.385% | 6.223% |
| Monthly Tax Payment | $1,251 | $1,251 | $1,251 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,034 | $8,251 | $11,308 |
| Total Monthly Payment | $9,410 | $9,627 | $12,684 |
* 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.