4480 CINNAMON DRIVE, #2408, Sarasota, FL, 34238 | $399,000

2, 045 SPACIOUS SQFT LIVING AREA in this light, bright 3 BED / 2 BATH / 2 CAR GARAGE COACH HOME featuring LARGE SCREENED LANAI w/ PRIVATE NATURE PRESERVE VIEWS in the ARIELLE enclave in the heart of PALMER RANCH. All furnishings and housewares may be purchased separately at a very reasonable price if desired so bring your toothbrush and start enjoying Sarasota today. This home is perfect for buyers wishing to spend under 400k but desiring a SPACIOUS HOME in Sarasota which make this a unique and RARE FIND. All the living area is located on one floor. There is a large dining room – living area combo that is perfect for entertaining which opens to a large, screened lanai via sliding glass doors which allows light to fill the space. The kitchen has a large eat-in area that could also be used as a DEN/FLEX space as it is currently arranged. The spacious primary suite has sliders to the lanai, 2 walk in closets, dual sinks, and a garden tub with separate shower. The other 2 bedrooms are located at the front of the unit with one guest room having an ensuite bathroom. Residents of Arielle enjoy use of a nice HEATED POOL AND SPA w/ cabana and gas grills. This warm and inviting neighborhood is deed restricted and maintenance-free so just lock and leave and keep life simple. Low condo fee of just $647/mo covers insurance, exterior and grounds maintenance, water/sewer, cable, pool, and professional management. Located near Publix, Costco, A-Rated schools, YMCA, Legacy Bike Trail, Siesta Key beaches, Downtown Sarasota and Historic Venice Mainstreet. This one is AN ABSOLUTE MUST SEE!

Features

  • Heating: Central
  • Cooling: Central Air
  • Levels: 1
  • Amenities: Gated, Pool
  • Rooms: 7
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Inside, Laundry Room
  • Complex: ARIELLE ON PALMER RANCH SEC 1
  • Year Built: 2005
  • Approx Sq. Feet: 2,045
  • Est. Taxes: $4,443
  • Condo Fee: $2,044 Quarterly
  • View: Trees/Woods
  • Elem. School: Gulf Gate Elementary
  • Middle School: Sarasota Middle
  • High School: Riverview High
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4643765
  • Days on Market: 8 days
  • Website: https://www.raveis.com
    /prop/A4643765/4480cinnamondrive_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 4/15/2025 10:17:09 PM)
Listing courtesy of RE/MAX ALLIANCE GROUP   Phone: 941-954-5454

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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

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4480 CINNAMON DRIVE, #2408, Sarasota, FL, 34238

$399,000

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 $319,200 $319,200 $319,200
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 7.058% 7.063% 6.152%
Monthly Tax Payment $370 $370 $370
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,018 $2,097 $2,672
Total Monthly Payment $2,463 $2,542 $3,117

* 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.