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$60K PRICE REDUCTION - SELLERS MOTIVATED - MAKE AN OFFER ON THIS AWESOME PROPERTY WITH ENDLESS POSSIBILITIES ON THE ISLAND OF VENICE – With special ST2 zoning (ask for special zoning brochure) IN THE HEART OF VENICE, this unique property presents UNLIMITED OPPORTUNITIES for anyone looking to make the Island of Venice their home, create a “LIVE HERE/WORK HERE” environment, or establish a BUSINESS IN NEED OF OFFICE/STOREFRONT/STUDIO SPACE WITH PARKING, PRIME EXPOSURE & TRAFFIC. Situated on two lots with over 19, 000 sq. ft. , this BEAUTIFULLY UPDATED, SPRAWLING 3, 316 sq. ft. POOL HOME has 4+ BEDROOMS, 3 FULL BATHROOMS, 1 HALF BATH and is currently used as a primary residence with a possible MOTHER-IN-LAW SUITE or guest suite, and a BUSINESS OFFICE. Easily convertible into a 5-6 BEDROOM home or an ASSISTED LIVING FACILITY, it was originally built as a doctor’s office with a waiting room, bathroom, exam rooms, parking lot and private residence. Current owners have rented space to health care providers needing a satellite office or part-time office space in the past. Upon entering the home, your eyes will be drawn to the SPARKLING POOL and its fabulous outdoor living space—a PRIVATE, FENCED-IN OASIS with tropical foliage, COCONUT & BANANA TREES, an OUTDOOR KITCHEN, WOOD-BURNING FIREPLACE, WOOD-FIRED PIZZA OVEN, OUTDOOR SHOWER, and even a DOGGY SHOWER—perfect for entertaining and LIVING THE FLORIDA LIFE IN STYLE! The recently UPDATED GOURMET KITCHEN features stunning white quartz countertops, an expansive island with seating for five, Shaker-style white cabinets, a natural gas range, stainless appliances, and under-cabinet lighting. Three bedrooms and two bathrooms are located on the west side of the home with separate access to the pool area. The split plan includes another bedroom and full bathroom that could serve as a primary bedroom or guest suite with the laundry room adjacent. The office area includes 4 office spaces, a half bath, and a separate entrance on Nokomis Ave S, with 10 parking spaces. Meticulously updated with new floors, windows, bathrooms, kitchen, doors, and roof, this property is within walking distance to downtown Venice and Publix, and across from the cultural campus, which includes the art center, community center, and library. It's also close to Venice High School, Elementary School, and the beach. Enjoy the large swimming pool, pizza oven, BBQ area, and reclaimed water for irrigation. Located in evacuation zone D with no damage or flooding from recent hurricanes and no flood insurance required, this property can be converted entirely into a house or office or other permitted businesses. With ST2 zoning, you can build an addition, go higher, and enjoy generous setbacks. Centrally located, everything on the Island of Venice is under 2. 5 miles away! Whether it’s to Venice’s quaint downtown shopping district, the Venice Jetties, the Venice Fishing Pier, Caspersen’s Beach, Venice Beach, the Venice Airport, Centennial Park, the Venice Art Center & Café, the Venice Community Center, Venice Public Library, shopping, boating, fishing, tennis, pickleball, dining al fresco, waterfront dining or just tooling around on your golf cart—everything is just a short walk, drive or bike ride away! Use your imagination as to your best use of this incredible property—SCHEDULE A SHOWING TODAY!
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Our Executive Mortgage Banker:
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$1,625,000
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 | $1,300,000 | $1,300,000 | $1,300,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.813% | 6.739% | 6.581% |
Monthly Tax Payment | $409 | $409 | $409 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,004 | $8,324 | $11,235 |
Total Monthly Payment | $8,538 | $8,858 | $11,769 |
* 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.