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Welcome to Snowbird Cottages! Located in the Maine Colony - the first snowbird neighborhood established in Sarasota 100 years ago. This very unique HALF ACRE property contains 3 completely renovated units that have been operating as a successful short term rental (AirBnb) for the last four years. Prime location only a mere 2. 5 miles from SIESTA KEY, but in Flood Zone X requiring no flood insurance. The best of both worlds! Single family house in the front - with 2 bed/2 bathrooms, open floor plan, vaulted ceilings, inside laundry, 2 screened porches, and a private fenced yard and grill - renovated in 2018 in cottage style - is included on the National Historic Register making it part of a unique piece ofSarasota history. There is a duplex located just beyond the single family that houses 2 additional fully renovated cottage-style units. Cozy 1bedroom/1 bath units share a laundry around back. Each duplex unit has a private backyard, grill, picnic table and chairs. All 3 units are metered separately for ultimate flexibility, and all 3 units have newer impact windows. All landscaped areas have new irrigation system in place. There is a ZEN garden between the units where all guests can enjoy the water sounds from the bird fountain. All 3 units have a new metal roof installed in 2017-18 giving you peace of mind for the next 30 years. At the back of the property, there is a LARGE GARAGE (30x24) andCARPORT, lots of potential additional parking, and a cute little "She Shed" that is completely finished inside with AC. It is currently being used byProp Mgmt for light storage but could be set up as a small reading room/library for community use. The garage could be rented separately as well, or converted to community use (i. e. theater room, pool table, exercise room, shower and bathroom as plumbing and water are already nearby). There are also RV hookups already in place, so we are including the 2018 Heartland Mallard M33 RV already set up and ready to go for wherever your imagination takes you. You could continue to run this as an AIRBnB - we will help with a smooth transition. Property manager already in place. Many ways to increase income at this property - including creating amenities at the back of the property with existing structures to fulfill the new trend of "Destination" properties on AIRBnB. Or you could convert the 3 units to annual rentals, and rent out the facilities at the back of the property separately. Or you could live in one of the units, and rent out the rest of them either short term or longterm, and/or use the garage for yourself for workshop, inventory storage, storing large construction vehicles, etc. The possibilities are endless -because the LOCATION is PRIME. Detweilers supermarket, Publix, Gulf Gate shopping, the post office, and a plethora of restaurants and shops are located within 1-2 miles. Very quiet property. Buyer agent to verify all information. These units come Turn Key Furnished. ALSO LISTED in INCOME category of MLS under listing number A4650398.
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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 | $876,000 | $876,000 | $876,000 |
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 | $595 | $595 | $595 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,323 | $5,609 | $7,571 |
Total Monthly Payment | $6,043 | $6,329 | $8,291 |
* 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.