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Expansive 2. 7-Acre Property with Enclosed Pool – Bring Your Horses! This incredible estate, located off University Parkway, offers both privacy and convenience with no HOA or deed restrictions, allowing you to bring your boat, RV, work vehicles, and more! The rare RE-1 zoning provides the flexibility to build a detached guest house, workshop, studio, or large storage building to suit your needs. The property features a spacious 3-bedroom, 3-bathroom single-family home with an enclosed pool and a fully remodeled 2-bedroom, 2-bathroom ADU/Mother-in-Law Suite with a full kitchen—ideal for multi-generational living, guests, or rental income. A versatile workshop shed adds extra functionality, while the adjacent 2. 8-acre lot is also available, offering the potential for a combined 5. 5-acre estate—perfect for creating your dream compound or maximizing privacy. Located just 10 minutes from Sarasota-Bradenton International Airport, 5 minutes from Publix and Walmart, 20 minutes from the beach, and less than an hour from Tampa, this property is also just minutes from Detwiler’s Farm Market and offers easy access to US-301, I-75, and University Parkway, making it convenient to downtown Sarasota, Lakewood Ranch, and beyond. With endless potential in a highly desirable area, this is a must-see opportunity!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,100,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.811% | 6.613% | 6.435% |
Monthly Tax Payment | $781 | $781 | $781 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,276 | $5,562 | $7,545 |
Total Monthly Payment | $6,182 | $6,468 | $8,451 |
* 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.