7725 SANDHILL LAKE DR, Sarasota, FL 34241
Immerse yourself in unparalleled comfort and luxury in this magnificent Magnolia designer model home, a distinguished winner in the esteemed Parade of Homes competition. This award-winning Magnolia model stands out as a beacon of modern coastal living, designed with multi-generational families in mind. This unique thoughtful generational living design by Heritage Builders, featuring a secondary single garage with direct access to a private wing. This space is perfect for returning parents, boomerang adult, live-in care, or families looking to combine resources under one roof. It offers distinct living areas, ensuring privacy and comfort while fostering a communal family gathering space. As you approach this masterpiece, you are greeted by a façade that exudes elegance and sophistication, setting the tone for the grandeur that awaits within. Step inside to discover a 3-bedroom, 3-bathroom pool home with a den and 3-car garage, showcasing an award-winning open floor plan with soaring 12-foot ceilings and expansive pocket sliding glass doors that bathe the interior in natural light. The home boasts luxurious laminated flooring, crown molding, and tray ceilings, elevating each space with a touch of refinement. The gourmet kitchen is a culinary enthusiast's delight, featuring quartz countertops, a gas stove, custom wood cabinets, a generous walk-in pantry, and a charming dining room. The dining room offers sliding glass doors that lead to the pool area, creating a seamless flow between indoor and outdoor living. Additionally, the kitchen boasts a tray ceiling above the dining room, adding an extra element of elegance and architectural interest to the space. The great room, part of the open floor plan design, also showcases a tray ceiling for added sophistication. Sliding glass pocket doors in the great room provide a seamless connection to the outdoor pool area, allowing for a harmonious blend of indoor and outdoor living spaces. The thoughtful design elements in both the kitchen and great room create a cohesive and luxurious living experience. The main bedroom offers a private entry to the pool area, creating a seamless indoor-outdoor living experience. This tranquil space is enhanced by a tray ceiling and two custom-built wooden closets, providing ample storage and a touch of elegance. The spa-like en suite bathroom boasts porcelain tile throughout, adding a luxurious feel to the space. The quartz countertops on the vanities, one with a built-in makeup area, exude modern sophistication. Indulge in the expansive shower, which offers a spacious and rejuvenating experience. The combination of high-end finishes and thoughtful design elements in the main bedroom and bathroom creates a serene oasis within the exceptional Magnolia designer model home. Outside, the lanai overlooks the heated saltwater pool and spa, enveloped by verdant landscaping for privacy and tranquility. Designed for outdoor entertainment, the lanai is pre-plumbed for an outdoor kitchen, ideal for hosting gatherings or enjoying al fresco dining under the stars. This home epitomizes luxury living in a premier community, where every detail has been thoughtfully curated to deliver an exceptional living experience. Refer to the attached Upgrades/Features Sheet to explore all the features that make this home a true masterpiece.
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Frequently asked questions
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #a4601974
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.