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Fully Fenced and Gated 8 Acre estate in the heart of Sarasota. Over 8, 000 sq ft of luxurious living space spanning across 8 majestic acres of landscaped park like beauty. This multigenerational property can accommodate the entire family in its 5 indoor kitchens, 1 outdoor kitchen, 3 SEPERATE houses with a total of 11 bedrooms and 9 bathrooms. Properties like this are truly rare for Sarasota.
The professionally constructed main house with 2x6 fire rated walls spans over 5, 800 sq ft. The main house offers 3 fully functions interior kitchens, 8 bedrooms, 6 bathrooms, 1 fully customized exterior kitchen situated under a Seminole built tiki hut with all the bells and whistles. The tiki hut is perfect for outdoor covered entertainment with a large bar that is wrapped in Bahia Blue granite, blaze appliances, dual sinks, 3 outdoor rated fridges, griddle, and a clear icemaker for those favorite cocktails. The main house has three separate private entrances each leading to your own spacious living space and own kitchen, ideal for multiple families with keeping the privacy if you desire. The grand piano room offers large windows for natural light, tall ceilings and a true gathering space for future family memories. There is a competition sized swimming pool that is 12' deep with sun shelves for lounging, a spa, and over 3, 000 sq ft of marble deck space that stays cool even during summer. Exotic plants and boulders surround the pool for a real tropical vibe. Little ones and adults alike are able to work on their diving skills while the family watches from the lounging shelf. There are 2 SEPERATE DETACHED GUESTS HOUSES located on the property. A private 800 sq ft serene GUEST COTTAGE on the east side is tucked in the majestic oak trees and offers 1 bedroom/ 1 bathroom with a spacious living room, high ceilings and a front porch for taking in the views of the 100 year old oak trees lined along the creek. A SECOND 1, 500 sq ft guest house on the west side of the property offers 2 bedrooms, 2 bathrooms and an extra den space for possible 3rd bedroom. In addition this 8 ACRE property features a brand new 15, 00 sq ft paver driveway and a detached 3 car garage. This property has NO HOA, or deed restrictions and offers 2 GATED ENTRANCES. This is a multigenerational property that can be utilized in several different ways. Bring the whole family or use as rental income. The possibilities are endless with 11 BEDROOMS, 9 BATHROOMS AND 8 ACRES of pristine land only 10 minutes to downtown Sarasota. The location is ideal for shopping, beach going, boating and so many other lifestyles. Being only 10 minutes to hospitals, 20 minutes to St Armands circle and only 10 minutes to UTC Mall and I75. You can truly have it all. INVESTORS : This is a rare income opportunity for multiple streams of rental, totaling over 5 separate living units with 5 separate electrical meters all on county water and sewer.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,450,000
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 | $3,560,000 | $3,560,000 | $3,560,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.121% | 6.183% |
| Monthly Tax Payment | $546 | $546 | $546 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $20,775 | $21,344 | $30,041 |
| Total Monthly Payment | $21,446 | $22,015 | $30,712 |
* 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.