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This stunning lakefront, pool home in the highly desirable Mote Ranch community offers exceptional value with its prime location, low HOA fees and numerous updates, including a brand new AC and a well-maintained 8-year-old barrel tile roof. Featuring three bedrooms and three full baths this home is designed for both comfort and style. The impressive open-concept living area showcases gorgeous bamboo flooring, plantation shutters, soaring volume ceilings, and elegant crown molding. The dining nook provides an additional dining area with a scenic view of the expansive lanai. The kitchen is a chef’s delight, equipped with GE Profile stainless steel appliances, a pantry, and a versatile wet bar— ideal for a coffee or wine station. The thoughtfully designed split-bedroom floor plan ensures privacy. The spacious primary suite includes a large walk-in closet and an en-suite bath, The second bedroom, comparable in size to a primary suite, also features a walk-in closet and private bath, making it an ideal guest retreat or in-law suite. French doors throughout the home lead to a sprawling outdoor area, complete with a screened-in pool deck and breathtaking long-lake views. With southern exposure, you avoid direct sunlight and can enjoy morning coffee, al fresco dining, or evening stargazing while taking in the tranquil waterfront setting. Situating close to the University Park corridor, Mote Ranch provides easy access to Sarasota’s top shopping, dining, and cultural attractions, including Whole Foods, Fresh Market, UTC Mall, and Benderson Park. Plus, it is just a 10-minute drive to SRQ, 15-minute drive to Downtown Sarasota, and a 30-minute drive to St. Armand’s circle and our pristine, crystal sand beaches. Community amenities include a heated junior Olympic-sized pool, kayak launch, and playground.
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Our Executive Mortgage Banker:
Our Insurance Division:
$565,000
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 | $452,000 | $452,000 | $452,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.990% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.160% | 7.154% | 6.172% |
Monthly Tax Payment | $405 | $405 | $405 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,932 | $3,004 | $3,784 |
Total Monthly Payment | $3,429 | $3,501 | $4,281 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.