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Under contract-accepting backup offers. This fabulous 6-bedroom, den + loft home is both spacious and stylish with no expense spared on the upgrades and finishes. One of Taylor Morrison’s most popular floorplans, the elegant yet functional layout of the Hemmingway III model enables family and friends to enjoy open plan living, cooking and dining together as well as ample additional space in the second-floor loft and workspace, and even a media room! The outdoor living space is spectacular with a huge pool and spa set in front of a beautiful firepit feature, lush landscaping, elegant brick pavers, a spacious covered dining and lounging area with outdoor kitchen with natural gas grill. The yard offers complete privacy since it backs onto a preserve. The first floor comprises of a large 20 ft high foyer with a formal dining room, an office and a powder room, and opens to a lovely light filled two story living room and huge kitchen with two islands topped with 3-inch mitered Aria quartzite with waterfall edges. Chefs will appreciate the amount of high-quality cabinet space in the kitchen, the gas range with griddle and pot filler, two full-size sinks, a full pantry, and dry bar. The GE Monogram appliances in the kitchen are both good looking and functional - the French door refrigerator includes instant hot water. There is both countertop seating and an informal eating area for everyday meals. The primary suite overlooks the pool deck, and the ensuite bathroom has two closets, a separate WC, dual sinks, plus a vanity, a soaking tub, and a floor-to-ceiling tiled shower with 3 separate shower heads. The second floor comprises of a huge loft with 3 bedrooms - two of which have walk-in closets - a media room and a bathroom. A landing overlooking the main living area connects the loft to two additional bedrooms and a work/study space with a shared bathroom and a separate sink and walk in closet. The 2. 5 car garage features custom flooring, EV outlet and storage racks. While this preserve lot offers complete privacy, this home is surrounded by a vibrant, active neighborhood where homeowners gather to enjoy the amenities: resort-style pool, playground, hot tub, grill area, kid’s waterpark with slide, dog park, and a covered pavilion. A-rated public schools, easy access to the recreational Legacy Trail, and close proximity to the white sands of Siesta Beach and the I-75 corridor make Arbor Lakes a fabulous choice for the very best that Sarasota has to offer.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,325,000
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 | $1,060,000 | $1,060,000 | $1,060,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.727% | 6.560% |
Monthly Tax Payment | $929 | $929 | $929 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,441 | $6,787 | $9,161 |
Total Monthly Payment | $7,495 | $7,841 | $10,215 |
* 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.