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Step into LUXURY with this beautifully upgraded Meritage model featuring 4 bedrooms, 3. 5 bathrooms, a spacious 3 car garage, and over 3, 100 sq. ft. of thoughtfully designed living space in the sought-after community of Savanna in Lakewood Ranch. From the moment you enter, you’re greeted by a flex room with double doors making it ideal for a home office or formal dining room. The heart of the home is the BEAUTIFUL kitchen, featuring dark wood cabinetry extended to the ceiling, a modern tiled backsplash, built-in microwave and oven, gas cooktop with stainless steel hood, and a STUNNING waterfall edge island with a built-in sink and breakfast bar seating. Stainless steel appliances complete the kitchen, including a stylish coffee/mini bar for your morning routine. Just off the kitchen is an eat-in area with sliding glass doors that overlook the serene backyard and pool. The spacious living room offers a cozy BUILT-IN electric fireplace and an additional set of sliding doors leading out to the lanai. Downstairs, the luxurious primary suite is a private retreat with TRAY ceilings, large windows framing views of the pool, an ensuite bathroom with dual sinks, a makeup vanity, a tiled walk-in shower, and a generous walk-in closet. Upstairs, beautiful wood stairs with metal railings lead to an open LOFT perfect for a media room, game area, or playroom. Three additional spacious bedrooms and two full bathrooms with tubs provide plenty of room for family or guests. Step outside to your Florida dream lanai, featuring a saltwater heated POOL and spa, all under a screened PANORAMIC enclosure overlooking a peaceful lake with BREATHTAKING sunset views. Entertain with ease in the full outdoor kitchen equipped with a grill, sink, and refrigerator. Additional features include, tile flooring throughout the main level, luxury vinyl plank flooring in all bedrooms and upstairs, plantation shutters throughout, a whole-house generator for peace of mind, and lush professional landscaping. This home offers the perfect blend of luxury, function, and outdoor living. Savanna is a fabulous community with LOW HOA resort-style amenities such as a clubhouse, swimming pool, state-of-the-art fitness center, basketball courts, playground, dog park and numerous walking paths. Lakewood Ranch is known for their A+ rated school system and is perfectly located just a short ride to downtown Sarasota, St. Pete, world class shopping, fine dining and the FAMOUS Gulf beaches! Don't wait to make this your home and begin your FLORIDA Lifestyle!
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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 | $719,920 | $719,920 | $719,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.751% | 6.666% |
Monthly Tax Payment | $624 | $624 | $624 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,374 | $4,610 | $6,271 |
Total Monthly Payment | $5,090 | $5,326 | $6,987 |
* 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.