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This totally updated 2 bed and 2 bath unit is on the 2nd floor of the West Tower at super well maintained and managed “Our House at The Beach”. The Living room and dining room have an L shape with forty-six feet of sliders that look around nearly 270 degrees. Across the street from what Trip Advisor called the number one beach in the US for 2024 and number 4 in the world, Siesta Key’s vast white sand. Nicely updated with the same gorgeous luxury plank vinyl on all the floors in all the rooms except the baths. The Kitchen is updated with granite and has beautiful stainless appliances. The kitchen features a pass through into living space and is very bright with great views too. A large primary bedroom with lots of windows. Sold totally turnkey, less some owners art and possessions. Two beautifully updated and appointed bathrooms. You’re short steps to all that white sand and you are near all the great shopping, dining and nightlife of Siesta Key village. And this vacation paradise helps pay for itself. It generated almost 33K in gross rental receipts in 2023, 26K in 2024 with the storms and is outlooking 39K plus this year as well. And that’s with owner use too. The complex has a 45K assessment to replace glass with impact etc. and the seller is paying it all. Finding this much value in such a well-kept unit could cost substantially more. Weekly rental means you get more of the year booked if you want it. The complex features 2 tennis courts and a heated pool and a covered pavilion with grilling area. Your own full-size washer and dryer in your unit. Picture yourself and your guests spending the day at the beach etc. and then relaxing on your two huge balconies. It has its own assigned and covered parking spot too! Our House At The Beach is pet friendly - allowing OWNERS one small pet - to 15 lbs. These units rarely become available – the last sale in the West Tower last year was for substantially more.
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Our Executive Mortgage Banker:
Our Insurance Division:
$759,000
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 | $607,200 | $607,200 | $607,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.037% | 6.152% |
Monthly Tax Payment | $549 | $549 | $549 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,788 | $3,989 | $5,083 |
Total Monthly Payment | $4,429 | $4,630 | $5,724 |
* 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.