7692 COVE TERRACE, Sarasota, FL, 34231 | $10,000

This is a rare opportunity to rent one of Sarasota's premier waterfront properties at the end of a quiet cul-de-sac jetting out into Dolphin Cove. This spectacular property on Sarasota Bay features 210' feet of deep water for large boat/sailboat with unobstructed breathtaking views with three walls of windows. Open design Florida home with original front door, split floor-plan with two master suites, one with direct pool access. The Gourmet Kitchen has quartzite counter tops, custom cabinets have solid wood drawers, dual dishwashers, larger sink, under counter filtration system, double ovens with a microwave/convection on top and a convectional roasting oven on lower, matching refrigerator with ice maker, and a built-in wine refrigerator. Second wine refrigerator. Living-Dining Room have motorized sun-out blinds with remote control. Master Suite with attached full bath includes dual sinks, Jacuzzi tub with jets and walk-in shower, walk in closet and electric fireplace, opens to backyard. Laundry room w high efficiency washer/dryer. Covered rear patio with compressed shell-stone floors. NOTE: Boat dock and lift was damaged in the hurricanes and will be rebuilt. Dock is located to right side of water front sea wall by design so as to not block the water view. Pebble tech swimming pool in shell-stone paver deck w oblong shells that glisten in the light. Available April 1st, 2025. First, Last, Security deposit, and application required for move-in. Background and credit check performed. Landscaping and pool maintenance services included.

Features

  • Type: Single Family Residence
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Laundry Room
  • Year Built: 1972
  • Garage: 2-car
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,640
  • Acreage: 0.36
  • Lot Desc: Cul-De-Sac
  • View: Water
  • Elem. School: Gulf Gate Elementary
  • Middle School: Brookside Middle
  • High School: Riverview High
  • Pool: In Ground
  • Pet Policy: Dogs OK, Pet Deposit
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Microwave, Refrigerator, Washer
  • Lease Terms: 12 Months
  • MLS#: A4647646
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A4647646/7692coveterrace_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 4/8/2025 4:17:30 AM)

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NMLS Mortgage Loan Originator ID 6314

508.944.8218

Bob.Flynn@raveis.com

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7692 COVE TERRACE, Sarasota, FL, 34231

$10,000

Betsy Wilson

Sales Associate

William Raveis Real Estate

Phone: 508.730.7317

Betsy.Wilson@raveis.com

Bob Flynn

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 508.944.8218

Bob.Flynn@raveis.com

NMLS Mortgage Loan Originator ID 6314

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $8,000 $8,000 $8,000
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 N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $46 $51 $66
Total Monthly Payment $121 $126 $141

* 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.