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Welcome to this rare Meritage-built Royal floor plan home in the sought-after Savanna at Lakewood Ranch! Designed for flexibility, this 5-bedroom, 3. 5-bath home spans nearly 4, 000 sq. ft. and features a private multigenerational or guest suite complete with its own living room, kitchenette, bedroom, bath, laundry, and storage room—perfect for extended family or guests. A light-filled office at the front of the home offers a bright, inviting space, complete with sliding barn-style doors for added privacy. As you make your way through the entryway, you'll be wow'ed by the dramatic two-story family room with soaring ceilings, an open staircase, and large windows that fill the space with an abundance of natural light. The expansive kitchen is home to a spacious island perfect for entertaining or preparing meals and a gas range, a chef's delight! Upstairs, the primary suite is complemented by three additional bedrooms, full bath, laundry and a spacious loft perfect for a playroom, study space or a second family room. Plantation shutters throughout elevate the home's aesthetic, while wood-look tile adds warmth and flow throughout the living area. Step outside to a breathtaking outdoor retreat, featuring a custom pool, spa, sun shelf, and striking fire feature, a completely elevated outdoor ambiance! The panoramic view screen offers stunning views, overlooking a tranquil lake and creating the perfect backdrop for relaxation or entertaining. Living in Savanna at Lakewood Ranch means enjoying a range of amenities, including a resort-style pool, clubhouse, fitness center, dog park, and playground, all in addition to top-rated schools. This home is conveniently located just across the street from these community features, offering easy access to everything.
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Our Executive Mortgage Banker:
Our Insurance Division:
$999,999
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 | $799,999 | $799,999 | $799,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.500% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.848% | 6.613% | 6.560% |
Monthly Tax Payment | $1,082 | $1,082 | $1,082 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,861 | $5,057 | $6,914 |
Total Monthly Payment | $6,035 | $6,231 | $8,088 |
* 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.