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Discover the lifestyle you've been dreaming of at 5761 Colonial Drive, a beautifully reimagined waterfront haven nestled along the tranquil Pithlachascotee River. With nothing left to do but move in, this stunning home invites you to relax, entertain, and savor every moment.
From the moment you step inside, you’ll be captivated by the seamless blend of comfort and sophistication. Elegant wood-look tile flows throughout, guiding you past a charming foyer and reading nook into the heart of the home—a gourmet kitchen that’s every chef’s dream. Outfitted with stainless steel appliances, a gas range, dual ovens, under-cabinet microwave, and an oversized island with breakfast bar, this space is designed for both function and style. The spacious walk-in pantry and a back bar complete with a built-in ice maker are sure to impress your guests. Newer windows and sliding doors frame breathtaking views of the river, opening out to your private paradise—an expansive lanai with a heated, saltwater pool overlooking lush greenery and the water beyond. Launch your kayak, canoe, or small motorboat right from your private floating dock—and don’t be surprised if a curious manatee glides by. The primary suite is a serene retreat, featuring a luxurious ensuite bath recently updated with elegant gold accents. Two generously sized guest bedrooms provide ample space and storage, while a beautifully updated guest bath and a custom-designed laundry room add both convenience and charm. Energy efficiency meets peace of mind with solar panels that will be paid off for new owner(average electric bill: just $47/month), and thoughtful updates throughout: (Hot Water Heater 2019), (HVAC 2016), (Pool Heater 2019), (Solar Panels 2021), and fresh exterior paint in 2025. An outdoor storage shed offers additional space for tools, toys, or hobby gear. Set on nearly half an acre and sitting 10 feet above sea level, this remarkable property remained untouched by recent flooding—making it not only a scenic sanctuary but a smart investment. Birdwatchers will be in heaven with a vibrant chorus of songbirds, herons, and ducks greeting you daily. Don’t miss your opportunity to own this one-of-a-kind waterfront retreat. Schedule your private tour today and step into the life you’ve been waiting for.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$550,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $440,000 | $440,000 | $440,000 |
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 | 7.083% | 7.063% | 6.152% |
Monthly Tax Payment | $389 | $389 | $389 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,781 | $2,890 | $3,683 |
Total Monthly Payment | $3,262 | $3,371 | $4,164 |
* 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.