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Positioned along one of Venice's most active growth corridors, this 5-acre parcel offers an outstanding opportunity for future residential and mixed use development. Featuring approximately 318 feet of frontage on Venice Avenue, the property provides excellent visibility, convenient access, and exceptional long-term investment potential.
With the potential for multi-family residential development (subject to Sarasota County approvals, zoning, and land use regulations), this property is well suited for developers and investors seeking a premier location in South Sarasota County.
The property is enhanced by a picturesque pond and mature natural surroundings, creating an attractive setting for a thoughtfully designed residential community. Located in an area experiencing significant residential and commercial expansion, this site is ideally positioned to meet the growing demand for housing.
A major advantage is its proximity to transportation. Interstate 75 at Exit 191 (River Road) is approximately a five-minute drive away, providing convenient regional access to Sarasota, Fort Myers, Naples, Tampa, and throughout Southwest Florida.
Nearby shopping, dining, healthcare, schools, parks, and the Gulf Coast's award-winning beaches further enhance the appeal of this exceptional development site. Opportunities to acquire a parcel of this size and location along Venice Avenue are becoming increasingly limited.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,195,000
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 | $1,756,000 | $1,756,000 | $1,756,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.218% | 6.133% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,387 | $10,528 | $14,818 |
| Total Monthly Payment | $10,512 | $10,653 | $14,943 |
* 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.