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One or more photo(s) has been virtually staged. *Only gazebo added to photo 12* It's always about the VIEW & this stunning mid-century modern marvel boasts an impressive 140 FEET OF WATER FRONTAGE, presenting captivating VIEWS. Step through the door of this CUSTOM, one-of-a-kind premier home built on a premium lot & fall in love, from the warm & inviting interior to the magnificent & mesmerizing LAKE views seen through over 40' of GLASS! The property features exceptional curb appeal, from its PAVERED driveway & sidewalk to its lush landscaping & the enchanting cottage appeal of its classy Hardie siding. Enjoy serene sunsets & the sparkling “diamonds on the water” seen at all hours of the day over the long lake views - 600 FEET TO THE FAR SHORE - in the cooling shade from the large native & tropical trees; relax on the expansive 675-square-foot PAVERED rear lanai, large enough for a POOL, with multiple seating/dining configurations. There is a HOT TUB off the primary bedroom on the PAVERED side patio facing the LAKE; it too offers additional dining/seating options. From either patio, enjoy clear views of the constant WILDLIFE activity that abounds on LAKE MAGNOLIA, Venice's LARGEST LAKE. The 1/3-ACRE LOT was professionally landscaped for tropical beauty & privacy. Inside, this exquisite residence exudes timeless charm with SPACIOUS rooms designed for gracious living. Each of the rooms are SUPERSIZED & all but the baths & second bedroom enjoy LAKE views. An abundance of feel-good natural LIGHT FILLS EVERY ROOM due to the large windows throughout & the strategically placed storm-rated SKYLIGHTS in both bathrooms & the bedroom-wing hall. There are SWITCHED CEILING FANS throughout to carry the gentle lake BREEZES. An updated kitchen features butterfly GRANITE countertops, stainless steel appliances, refreshed FLOOR-TO-CEILING CABINETRY, smart TRAVERTINE backsplash & contemporary lighting. There are 2 MASTER SUITES with the principal bedroom offering 2 LARGE WALK-IN CLOSETS - one at 10'x7' and the second at 5'x6'! Both baths have been updated with new vanities, GRANITE & lighting; the primary bath shower has been updated with oversized marble-look tile. Each of the 2nd & 3rd bedrooms offer abundant closet space & BUILT-IN BOOKCASES along one full wall, calling to the ARTIST, HOBBYIST, COLLECTOR, AVID READER, or anyone who WORKS AT HOME; & there's a 3rd garage bay ideal for a WORKSHOP. Practical features include new or newer: ultra-high definition ROOF (2024, pre-storms) with 50-year WARRANTY, water heater (2024), A/C system (2018), electric panel (2018), & STORM PROTECTION for all windows & doors. IRRIGATION is LAKE-FED & the side & rear yards are FENCED. Join the Civic Association with its $185 annual family membership fee for fellowship & more, with its POTLUCKS, GAMES, CRAFTS, GARDENING, EXERCISE, & POOL activities. It's said that the 3 most important features of a home are LOCATION, LOCATION, LOCATION. What 3 location features of this home make it the best choice for your next home? #1 is the LAKEFRONT location with 140 feet on VENICE'S LARGEST LAKE & a 600-FOOT expanse to the far shore. #2 is the 1/3-ACRE TIP LOT on a 3-home cul-de-sac off a non-through street. #3 is its proximity to: Civic Association & County Park right around the corner, the Island - 1. 5 miles, the beach - 3 miles, & I75 - 4 miles. Bonus #4 - it is a mecca for WILDLIFE. If you are among the legion of fans who appreciate the old school architecture & CRAFTSMANSHIP Sarasota is known for, this home is a must see!
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Our Executive Mortgage Banker:
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$500,000
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 | $400,000 | $400,000 | $400,000 |
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 | $340 | $340 | $340 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,495 | $2,628 | $3,322 |
Total Monthly Payment | $2,927 | $3,060 | $3,754 |
* 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.