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One or more photo(s) has been virtually staged. Investor’s dream in the heart of Sarasota! Welcome to 1613 Idle Lane, a rare opportunity to create your own custom coastal retreat in one of Sarasota’s most desirable locations. This fully gutted property is ready for renovation, offering endless potential for investors, builders, or buyers looking to design their dream home from the ground up.
Ideally situated just one street from the canal and only one home from the bay, the property offers beautiful bay views from the second floor. Surrounded by luxury waterfront homes and located minutes from downtown Sarasota, Siesta Key, shopping, dining, and entertainment, this is an exceptional chance to invest in a prime location with incredible upside potential.
Properties with this location, potential, and surrounding value are becoming increasingly difficult to find. Whether you are looking for your next investment project, seasonal getaway, or forever home, 1613 Idle Lane presents an exceptional opportunity to create something truly special in Sarasota’s thriving luxury market.
Bring your contractor, architect, and imagination; the possibilities are endless. Create the perfect coastal lifestyle by designing a home tailored to your vision in one of Sarasota’s most sought-after neighborhoods. With close proximity to boating, beaches, waterfront dining, and vibrant downtown living, this property offers the ideal combination of location and opportunity.
Bring your vision and make this property your own! Contact me today to schedule your private showing and explore the potential of this unique Sarasota property!
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:
$650,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $520,000 | $520,000 | $520,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $496 | $496 | $496 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,202 | $3,283 | $4,318 |
| Total Monthly Payment | $3,790 | $3,871 | $4,906 |
* 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.