1488 Jupiter Rd

About this home

JUST REDUCED $35,000 ($25,000 plus $10,000 more)! 2/2 on a 16,000 sq ft double lot. 1,000 ft to a deeded community private 1/3-mile Gulf beach and ferry. If you’ve been on the fence, As Is this price makes the decision for you. TAKE OVER THE 2.75 RATE MORTGAGE. Current P/I is under $800 a month. This 2/2 on TWO LOTS (16,000+ sq ft) in South Venice has an assumable mortgage with a 2.75 rate and 23+ years left, subject to lender approval and buyer qualification. Today’s rates are much higher, so the interest savings over a new loan can reach six figures over the life of the loan. Buyer to verify all loan terms with the lender. The assumption requires the cash difference between the loan balance (about $159K) and the purchase price, plus lender approval. The second lot cannot be separated while the assumable loan stays in place but "can" on a cash sale. Lot value is $90-95K for 8,000 sq ft, based on recent comps. Move-in ready. Pre-inspected, work done, selling AS-IS (form). Updated kitchen: 18 cabinets, granite counters, coffee bar New flooring throughout Flex 3rd bedroom or office, laundry room, lots of closets Keyless entry, 4-season porch and outdoor porch Space for a pool and pool house A/C everywhere under roof, NEW compressor (Sept) Roof 7.5 years old ECOwater system (2.5 years) with new filters and reverse-osmosis drinking water Appliances 6 months to 5 years old Concrete drive and RV/camper pad, fenced yard with dog door, easy-care landscaping Low monthly costs. NO HOA. NO CDD. Private well and septic, so no city water or sewer bill. Est. $1,500 +/- a month all in to own and live here (buyer to verify). Room to grow. The second lot (about 8,000 sq ft) is cleared with a shed and a lemon tree. Build a home, steel building, or 4-car garage, subject to zoning and permits. The South Venice lifestyle. Deeded private Gulf beach access. About 1,000 ft to the Intracoastal. Private ferry and boat-launch amenities. Close to restaurants, shopping, medical, and downtown Venice. Rent it your way. Long-term and seasonal rental potential. Short-term rentals require a 1-month minimum stay, a DBPR license for STR airbnb and compliance with county rental rules. Area rents range $2,100-$2,800 a month based on location and what it offers. Buyer to verify rental requirements and rents. airbnb are on the street so its a doable opportunity. NEW LOWEST PRICE. Agents, call us to set a showing today! Agent-owned property.

Facts

Home type

Single Family Residence

Year built

1991

Lot

0.37 acres

Stories

1

Annual taxes

$2,623

Construction

Completed

Subdivision

South Venice

County

Sarasota

Features

Community

Association Recreation - Owned, Deed Restrictions, Golf Carts OK, Park, Playground, Tennis Court(s)

Accessibility

Grip-Accessible Features

Virtual tour

Open the virtual tour (opens in a new tab)

Location