One or more photo(s) has been virtually staged. Beach condo WITH A GARAGE!!! This light and bright condo is located in the heart of Siesta Key, directly across the street from world famous Siesta Key Beach. It's the perfect place for a beach escape or investment property, with weekly rentals allowed and an on-site management program. This 2 bedroom condo is light, bright and spacious thanks to tall ceilings, 4 sets of sliding glass doors, and wall-to-wall balconies on either end. The large kitchen features granite countertops, stainless steel appliances, plenty of prep space and a pass-through window to the dining area. The condo has its own washer and dryer, brand new carpet throughout and fresh interior paint. Downstairs, the oversized 1 car GARAGE has plenty of additional storage for your beach gear, bikes, paddleboards, golf clubs and other toys. Weekly rentals are allowed, making this a great rental property. Ask for a copy of the rental pro forma with RENTAL PROJECTIONS OVER $58k. You can cover your costs by renting it just part of the year, using Our House at the Beach's own short-term rental program or a 3rd party property manager, and use it yourself the rest of the year FOR FREE! Residents and guests enjoy access to the heated community pool, tennis courts, BBQ grills and pavilion. Cable TV, water and sewer are included in the HOA fee. This is as centrally located on Siesta Key as you can get, and with your own garage you'll never have to fight for beach parking again. Just put your chairs and cooler in your beach cart and go enjoy the sunset! Call today for your private showing.
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$700,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $560,000 | $560,000 | $560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.760% | 7.042% | 6.160% |
Monthly Tax Payment | $669 | $669 | $669 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,868 | $3,679 | $4,688 |
Total Monthly Payment | $4,629 | $4,440 | $5,449 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.