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4505 KINGSMERE, #2, Sarasota, FL, 34235 | $356,900
$7, 000 Seller Concessions toward HOA fees + Brand-New Roof (2024) = Built-In Value from Day One.
Investor alert! This updated villa in The Meadows, Sarasota is the definition of turnkey with major capital improvements already complete. The seller is offering $7, 000 in concessions at closing to offset HOA fees, and a brand-new roof was just installed in 2024—giving you immediate value and peace of mind. Add ia newer A/C system (2020), a freshly updated primary bathroom, and zero deferred maintenance, and you’ve got a low-risk asset with strong income potential. Positioned on the 12th green, this villa offers golf course views that appeal to both long-term renters and seasonal tenants. Inside, the home features luxury vinyl plank flooring throughout, fresh paint, and a fully remodeled kitchen with stainless steel appliances, modern cabinetry, and updated countertops. High ceilings and skylights flood the home with natural light, while the open floor plan leads into an enclosed lanai perfect for relaxing or entertaining. The attached garage adds rare convenience, and the community pool is just steps away. The Meadows is a sought-after location with access to optional Country Club amenities including golf, dining, a fitness center, and a Jr. Olympic-sized pool. Located just minutes from University Town Center, Nathan Benderson Park, and Sarasota’s world-class beaches, this property offers the ideal mix of lifestyle appeal and investment stability. Whether you're looking to hold, rent, or add to your portfolio via 1031 exchange, this villa offers the kind of value and condition that rarely hits the market in this area.
Features
- Heating: Central, Electric, Exhaust Fan
- Cooling: Central Air
- Levels: 1
- Rooms: 5
- Bedrooms: 2
- Baths: 2 full
- Laundry: Electric Dryer Hookup, Inside, Laundry Room, Same Floor As Condo Unit, Washer Hookup
- Complex: KINGSMERE
- Year Built: 1986
- Approx Sq. Feet: 1,188
- Acreage: 7.92
- Est. Taxes: $3,211
- Condo Fee: $1,670 Quarterly
- Lot Desc: Landscaped, On Golf Course
- View: Golf Course
- Elem. School: Gocio Elementary
- Middle School: Booker Middle
- High School: Booker High
- Pet Policy: Number Limit
- Appliances: Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
- MLS#: A4653220
- Days on Market: 1 day
- Website: https://www.raveis.com
/prop/A4653220/4505kingsmere_sarasota_fl?source=qrflyer
Listing courtesy of EXP REALTY LLC Phone: 888-883-8509
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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305.922.5393
Pedro.Delgadillo@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
4505 KINGSMERE, #2, Sarasota, FL, 34235
$356,900
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
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 | $285,520 | $285,520 | $285,520 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.625% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.109% | 7.166% | 6.268% |
| Monthly Tax Payment | $268 | $268 | $268 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,828 | $1,898 | $2,408 |
| Total Monthly Payment | $2,171 | $2,241 | $2,751 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388