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Your slice of WATERFRONT PARADISE! The property’s high elevation prevented any flooding from Hurricane Helene or Milton. Known as one of the best kept secrets in Sarasota County, this corner lot is located West of Legacy Trail at the end of a protected canal on Lake Charlotte and features a well-maintained masonry block and stucco ranch home. With numerous upgrades since construction in 1978, this move-in ready home has an appraised Effective Year Built of 2003 and includes new plumbing, impact glass and energy efficient windows throughout along with custom storm shutter protection. Perfect for boating enthusiasts, the property features a concrete seawall with riprap, a fixed dock, and floating dock for direct access to Dona Bay through the high-clearance fixed bridge at Hwy 41 to reach the ICW, the Venice Jetty inlet, and the Gulf Coast less than 2 miles away. The home includes generous storage across 3 bedrooms and 2 bathrooms as well as a utility sink in the kitchen’s adjacent laundry room, which also has built-ins to serve as a walk-in pantry. Beautiful, engineered hardwood floors invite you inside the elegant living room and lead to a spacious family room with ample natural light from ceiling skylights and windows overlooking the nature of lake Charlotte. Along with an updated septic and water supplied by Sarasota County, there is a reverse osmosis system and a solar hot water heater. On nearly a ¼ acre lot, the property’s tropical landscaping features mature palm trees, low-maintenance shrubs and a mango tree, all supported with well water irrigation. The privacy offered by this serene cul-de-sac location allows for limited traffic and low noise being further away from busy roads. In addition to having No HOA, CDD fees or Deed Restrictions, the property offers sufficient space for RV or trailer parking. With its location just West of Legacy Trail, the neighborhood features convenient sidewalks, street lighting and access to one of the trail’s most exclusive runs made for bikers and pedestrians to cross Dona Bay and Roberts Bay with lovely panoramas in all directions. The neighborhood is also close to Nokomis Community Park (0. 8 miles by road), Venice Beach (1. 9 mi) and Nokomis Beach (2. 7 mi). Enjoy the shops and restaurants of downtown Venice (1. 6 mi) as well as local restaurants of Nokomis like Captain Eddie’s Seafood (0. 9 mi), Evergreen Café (0. 8 mi) and Nokomo's Sunset Hut (1 mi). Properties in this prime location are rarely available, so don’t wait! This can be your own slice of paradise!
Distance (via roads) to property:
Sarasota Memorial Health (SMH Venice): 3. 6 mi
Siesta Key: 13 mi
Sarasota Bradenton International Airport (SRQ): 22 mi
Punta Gorda Airport (PGD): 35 mi
Tampa International Airport (TPA): 75 mi
Southwest Florida International Airport (RSW): 74 mi
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Our Executive Mortgage Banker:
Our Insurance Division:
$675,000
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 | $540,000 | $540,000 | $540,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.695% | 6.810% | 6.026% |
Monthly Tax Payment | $194 | $194 | $194 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,109 | $3,458 | $4,484 |
Total Monthly Payment | $3,395 | $3,744 | $4,770 |
* 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.