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Discover the charm of Old Forest Lakes, a coveted neighborhood where homes are rarely available. This is your chance to breathe new life into an existing residence or craft your dream estate on this expansive nearly ¾ acre lot. Nestled in the heart of Sarasota, you'll find the magnificent 9-acre winding lake at the center of this picturesque community, surrounded by beautifully curving streets and 75 estate-sized home sites.
Imagine waking up to the grandeur of stately old oak trees that not only create a stunning backdrop but also provide a sanctuary for local birds and wildlife. With no deed restrictions, the possibilities are limitless-design a sprawling estate that accommodates gates, ancillary dwellings, and separate garages tailored to your lifestyle.
This hidden gem is ideally situated just minutes from downtown Sarasota, offering easy access to exquisite dining, vibrant arts, premier shopping, reputable hospitals, and both public and private schools. Plus, you're just a short drive from our stunning beaches and coastlines. Don't miss this rare opportunity to make your mark in one of Sarasota's most desirable neighborhoods. Complete set of plans and renderings designed for a custom-built home on this property are available
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,000,000
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 | $800,000 | $800,000 | $800,000 |
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 | $754 | $754 | $754 |
H/O Insurance Payment | TBD | TBD | TBD |
Initial Principal & Interest Pmt | $4,861 | $5,122 | $6,969 |
Total Monthly Payment | $5,707 | $5,876 | $7,723 |
* 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.