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Welcome to your dream home in the gated community of Lorraine Lakes! This pool home features the expansive Monte Carlo floor plan, offering 5 bedrooms and 3 bathrooms across over 3, 200 square feet of luxurious living space. Step inside to discover formal living and dining areas, perfect for hosting unforgettable celebrations. The inviting open kitchen, complete with an island, seamlessly connects to the family room, making casual entertaining a delight. From here, you can admire the stunning heated pool and spa in the backyard. On the first floor, a bedroom with a full bath provides added leisure space, ideal for an office or guest room. The split 3-car tandem garage offers ample storage for vehicles and other belongings. Upstairs, a versatile bonus room awaits, perfect for creating a library or additional media space. The owner's suite is a true retreat, featuring two walk-in closets, a spacious bathroom with dual sinks, garden tub and a walk-in shower. Additionally, there are three more bedrooms, a loft area, and another full bath upstairs. Living in Lorraine Lakes grants you access to fantastic community amenities, including a resort-style pool, tennis and pickleball courts, an indoor basketball court, and a state-of-the-art fitness center. Enjoy the poolside bar or relax in the coastal-inspired modern clubhouse with a café. The community also offers a social director, arcade, playground, and splash pad for endless fun and relaxation. The lush landscaping and tranquil lakes provide a scenic backdrop for daily walks or bike rides, promoting an active and vibrant lifestyle. Located in Lakewood Ranch, this home is surrounded by top-rated schools, upscale shopping, dining, and cultural attractions. With easy access to major highways, you're just a short drive from the pristine beaches of the Gulf Coast and the vibrant cultural scene of downtown Sarasota. Residents benefits package added for an additional $35. 00 per month. Tenant will pay the dining requirement of $500. 00 for the year. Basic cable, internet, lawn care and pool care are included in the rental rate. One small dog accepted. Tenant occupied 24-hour notice prior to showings. Available 7/10/2025
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William Raveis Real Estate
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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 | $3,840 | $3,840 | $3,840 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $24 | $25 | $32 |
Total Monthly Payment | $99 | $100 | $107 |
* 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.