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Experience waterfront living at its finest with this MULTI-GENERATIONAL estate located in South Gulf Cove, offering direct access to the open waters of the Gulf of Mexico. With an easy manageable lock system, enjoy a consistent water depth of 5-6’ in the canals all year. This versatile home is the ideal setting for those with a large family, those who enjoy hosting, those looking for a short term rental revenue, or perhaps a combination of all three. Although located in an optional HOA community, there are no restrictions on short term rentals.
Fully furnished and featuring 7 bedrooms, 4. 5 bathrooms, 2 full kitchens, 2 living rooms, and 2 dining areas. With dedicated entrances, the home could be separated into two distinct residences. As you enter through the doors of the main home, you'll be greeted by a warm, welcoming palette and an abundance of windows and French doors that provide stunning views of the heated pool with a waterfall spa and the gently flowing canal.
The lower level of the main house includes a full bathroom and two bedrooms, one of which has direct access to the pool area. Ascend the stairs to the primary suite boasting of a spacious sitting area with a private sun porch entrance and a two-way fireplace that can be enjoyed from both the bed and the ensuite bathroom's jetted tub. Down the hall you'll find two additional bedrooms, each with a large window bench for the qualified daydreamer. The upper level guest rooms share a Jack and Jill bathroom.
Returning to the first floor, a set of French doors lead you into the in-law suite, which includes its own full kitchen, dining area, additional sitting area, full bathroom, living area, and two large bedrooms, all accessible through a separate entrance.
Situated on a ½ acre lot with 175 feet of water frontage, the property is equipped with a wooden dock on a concrete seawall, complete with electricity and running water. It is time to get back to boating and relaxing weekends. Recent updates include a roof replacement (2019), HVAC replacement (2021), and new garage doors (2022).
Conveniently located near shopping, pristine Manasota Key beaches, numerous golf courses, the Atlanta Braves Spring Training Complex, Tampa Bay Rays Spring Training Stadium, historical Punta Gorda, and many other attractions. There is something nearby that fits all lifestyle themes. this home offers a blend of comfort and convenience for a variety of lifestyles. Please inquire about rental rates, potential revenue, and forthcoming reservations.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,190,000
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 | $952,000 | $952,000 | $952,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.500% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.637% | 6.540% |
Monthly Tax Payment | $1,199 | $1,199 | $1,199 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,784 | $6,017 | $8,228 |
Total Monthly Payment | $7,108 | $7,341 | $9,552 |
* 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.