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Outstanding 5. 35-Acre Opportunity Near Sarasota Memorial’s New HospitalDiscover the potential of this 5. 35-acre parcel, zoned AG and perfectly suited for a spacious estate home. Ideally located less than 2 miles from the future Sarasota Memorial Hospital, this property offers a unique opportunity for both residential or potential commercial development. Rezoning may be possible for uses such as a medical office, pharmacy, or other professional services (buyer to verify with county). Just under 1 mile to I-75, this prime location ensures convenient access across the region. You're only 17 miles from the stunning Venice Pier and Beach—perfect for catching Florida’s iconic sunsets—and just 5 miles from the Cocoplum Village Shops, offering a variety of shopping and dining options. Sports enthusiasts will love being minutes from the Atlanta Braves spring training complex and local fairgrounds. Additional nearby highlights include multiple golf courses, top-tier boating and fishing, and easy access to other spring training venues for the Red Sox, Orioles, Twins, and Rays—all within an hour’s drive. Whether you're looking to build your dream home, retire in peace, or invest in a rapidly growing area, this property is priced to sell. Buyer and buyer’s agent are responsible for verifying environmental conditions and any restrictions regarding endangered species. Call today for availability—this opportunity won’t last!
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Our Executive Mortgage Banker:
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$899,000
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 | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.811% | 6.613% | 6.455% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,312 | $4,546 | $6,167 |
Total Monthly Payment | $4,404 | $4,638 | $6,259 |
* 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.