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135 Tina Island Drive
Osprey, FL 34229
$3,450,000
Conventional
Property
Bedroom
3
Bathroom
5
Property Type
Conventional
Square ft
2572
Property Description
If you are ready to retreat to paradise, look no more. This home is amazing. Located in a very desirable area in Sorrento Shores, Osprey is on a 200-foot, wide canal frontage. You can enjoy the scenic water and exotic palms through almost every window. The main area, the living area, was built and completed in 2011, and it is beautifully situated on the second floor. All windows are double-insulated and have impact glass, which takes you from the living room to your own private lanai, where you can relax and enjoy the beautiful sunrises and sunsets. You can also walk around the house on the attached balconies and admire the amazing views. This home is perfect for entertaining; all three bedrooms have their own private bathrooms, and the kitchen is spacious with a large center granite island and sit-down area. There is plenty of counter space with quality granite and a glass gallery overlooking water and a cluster of exotic palms. The living room is large, with high coffin ceilings that are 14 feet high, an abundance of natural light, and plenty of recessed lights. The elegant crown moldings and LED lighting are installed in the living room, all three bedrooms, and the master bathroom. You can access the balcony from the master bedroom and second master bedroom. The two bedrooms have walk-in closets, high tray ceilings 10 to 12 feet high, recessed lights, and a ceiling fan. The master bedroom boasts three separate closets, one of which is very large with two entrances and built-in custom shelves. His large closet has built-in custom shelves and an additional walk-in closet for all your belongings. The master bathroom boasts a huge shower, elegantly tiled, two windows for natural light, and two entrances. Large jacuzzi, her vanity tub with makeup desk, his vanity, and linen closet. The two bedrooms have their own private bathrooms with tiled showers. The first floor was remodeled in 2011 and has an abundance of space for cars, toys, storage, and more. The owners spared no expense to make sure the house was comfortable and safe to live in. The two stories are of solid block construction. The second floor has all windows and sliding glass doors in huricane, double-insulated. The first floor, even the garage area, has windows made of huricane glass. The close-cell insulation is for safety and energy efficiency. On the second floor, the main living area is elevated to 18 feet to prevent water intrusion in cases of huricane. It is one-level living for additional comfort; there is no need to climb additional stairs. All exterior and interior walls and floors on the first level are made of concrete. The entire front entrance and stairs are made of concrete for easy maintenance and durability. The elevator shaft is constructed of solid blocks and pre-wired for telephones and electric. Currently, the owners are using it as a safe room. The location is very private because the home is located on a cul de sac. On the property, there is sufficient room for a large swimming pool. Currently, the owners are enjoying this large, paved area for entertainment. On land, you’ll appreciate this home’s Osprey location: less than a 10-minute drive to the Legacy Trail, Oscar Scherer Park, Nokomis Beach, Publix grocery stores and other shopping, medical facilities, A-rated schools such as Pine View and Laurel Nokomis Elementary, and easy access to Interstate 75. YOU CAN ENJOY THE DEEP WATER WITH NO BRIDGES TO THE BAY and much more. --
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2011
MLS Number
N6130210
Location
Address
135 TINA ISLAND DRIVE
City
OSPREY
State
FL
Zip Code
34229
County
SARASOTA (COUNTY)
Listing
Provider
RE/MAX Palm Realty, original listing
Name
RE/MAX Palm Realty
Phone
(941) 743-5525
Office Name
RE/MAX PALM REALTY OF VENICE
Office Phone
(941) 451-2025
Agent Name
Regina Melman

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.