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Put your watermark on this charming, fresh and lovingly updated gem. Two homes, one property and multifaceted options as either a profitable investment opportunity or for a family with multi-generational needs. This property is in an elevation of its own with truly the best location - just a cast away from beautiful Gulf Beaches, world-class fishing and in an "X" Flood Zone which Flood Insurance may not be required. Whatever the scenario, this retreat provides the power of choice. Hatch a space that best fits your life. With options, you can’t go wrong:
· Be generous without sharing square feet – customize your private guest house for visitors, extended flex space for the kids or a spacious home office.
· Plan a sanctuary in advance for aging parents or a young adult gaining independence.
· Enhance your nest egg with passive income to either supplement expenses or save for the future.
Entertain at home surrounded by private, lush landscaping and enjoy a large heated pool and spa that offers a vacation feel with minimal maintenance. Recharge and put your toes in the sand at beautiful Manasota Beach – door to wave – just four minutes away.
Elevated living is everything. Literally feet above the others - this oversized property stayed high and dry during recent storm systems. No HOAs, no CCD. Future owners can rest easy as the King or Queen of their hill – tranquilly overlooking a lake and bird sanctuary on a quiet road and nearby beautiful Gulf Beaches, world-class fishing and amenities: grocery stores, pharmacies, restaurants, shopping and entertainment.
The main house boasts 3 bedrooms, 2 bathrooms, and a range of high-end updates, including luxury vinyl plank flooring throughout, updated electrical, new faucets, a new refrigerator, microwave, oven, and a brand-new roof (2023). Freshly painted interiors, new lighting, screened lanais, updated toilets, and modern plumbing fixtures make this home truly move-in ready. A wood-burning fireplace and central heat & air ensure year-round comfort.
The guest cottage is a charming 1-bedroom, 1-bathroom retreat, complete with a full kitchen featuring all-new appliances (except the stove), fresh paint, luxury vinyl plank flooring, a new hot water heater, and two re-screened lanais. Like the main home, it offers a wood-burning fireplace and central heat & air.
Additional highlights include new side fencing for added privacy, storage shed for extra convenience, leased solar panels (transferrable) for lower energy costs, well maintained septic system (scoped & drained), and updated A/C motors with regular servicing.
Prime location—NO HOA, NO CDD! Enjoy a tranquil feel just minutes from State Road 776, US 41, shopping, dining, world-class fishing, and stunning Gulf beaches.
Rental history and income details are available upon request. Whether you're looking for a high-performing investment or a versatile living space, this property is a rare find!
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Our Executive Mortgage Banker:
Our Insurance Division:
$725,000
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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $580,000 | $580,000 | $580,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.037% | 6.046% |
Monthly Tax Payment | $571 | $571 | $571 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,618 | $3,810 | $4,816 |
Total Monthly Payment | $4,281 | $4,473 | $5,479 |
* 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.