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Presented by![]() Reece Olguin |
Under contract-accepting backup offers. This mid-century modern gem was designed by architect John E. Piercy (known for designing the Bobby Jones Golf Club Clubhouse in 1971). Piercy designed the home specifically for this oversized lot in the centrally located Old Forest Lakes neighborhood. Abundant large windows and sliding pocket doors are positioned to maximize natural light throughout the day. With over 2, 600 sq ft under air plus a 1, 000 sq feet lanai there is abundant space for a true indoor/outdoor lifestyle. The custom architecture includes flexible living spaces that can be easily furnished for your family’s needs while also creating the perfect space for hosting. Open the sliding pocket doors to expand your living space (and open the windows for the perfect cross-breeze that mid-century design is famous for). In the newly renovated kitchen and butler’s pantry you will find custom designed and custom built solid-wood cabinetry, complete with soft close mechanisms, and Quartz countertops. Custom lighting in both spaces ensures that you have the perfect light for each task from prepping coffee to hosting a soiree. The 1, 000 sq ft wrap-around lanai features a large pool and provides space for swimming, dining, lounging, cooking, and hosting throughout the year. The home is centered on an oversized corner lot providing extensive private outdoor space and room for any outdoor activity. There is plenty of space, too, for classic cars, boats, and RVs. The metal roof was replaced in 2009, sewer to main house was installed in 2009. Outside of a flood risk area, yet convenient to the beach, the home has sustained no hurricane damage. The Old Forest Lakes neighborhood is known for its estate homes on oversized lots with no deed restrictions. The neighborhood is within 15 minutes of Siesta Key, Downtown Sarasota, and University Town Center. The multi-use Legacy Trail is under 0. 5 from the home and offers a bicycle and pedestrian-friendly path north into downtown Sarasota or south to Venice (with the Bee Ridge overpass opening soon).
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$899,999
Sales Associate
William Raveis Real Estate
Phone: 619.840.5488
Reece.Olguin@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 | $719,999 | $719,999 | $719,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.109% | 6.764% | 6.581% |
Monthly Tax Payment | $349 | $349 | $349 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,492 | $4,610 | $6,223 |
Total Monthly Payment | $4,932 | $5,050 | $6,663 |
* 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.