5830 Midnight Pass ROAD, #109, Siesta Key, FL, 34242 | $750,000

Rarely available updated 2 bedroom/2 bath income producing Siesta Key gem! Turnkey ready for occupancy as your own island lifestyle retreat or a lucrative rental investment. Its perfectly located on the beach/gulf side. Going out the back door takes you to a private path to stroll directly to Jamaica Royale’s exclusive Siesta Key beach entrance where you can soak up the sun, bask in the warm waters of the Gulf or take in the beauty of the Siesta Key sunsets. The complex has 3 heated pools, shuffleboard, gas grills, tiki huts and lots of green space to relax and enjoy the key life style. Your private patio serves to further enhance the Siesta Key experience where you can dine or unwind after a day on the beach. Inside is light and bright with a flowing open floor plan that boasts modern coastal style with distressed driftwood furniture, wood plantation blinds throughout, all wood beveled shaker cabinets, sparkling quartz countertop with a mosaic backsplash, newer appliances and country ash luxury vinyl flooring. Bathrooms have been remodeled with new tile showers, pendant lighting and fixtures. The unit is equipped with a full size in unit washer and dryer. To add to the convenience is the two deeded carport parking spaces right outside the front door so no parking hassle. In addition to being down the path from the #1 Beach, you are a couple miles from Siesta Key village shopping, dining & entertainment. Downtown Sarasota, St Armands Circle, University Town Center are just a short car ride away. With reservations in place for the summer and upcoming season, you can self manage or there is an onsite management team that can make your vacation rental ownership experience profitable & trouble free. Check out this great opportunity to own the island lifestyle.

Features

  • Heating: Electric
  • Cooling: Central Air
  • Levels: 1
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Inside
  • Complex: JAMAICA ROYALE
  • Year Built: 1970
  • Common Charge: $4,888 Quarterly
  • Approx Sq. Feet: 921
  • Acreage: 2.54
  • Est. Taxes: $6,952
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Sarasota Middle
  • High School: Riverview High
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: A4609292
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A4609292/5830midnightpassroad_siestakey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 9/22/2024 4:26:11 AM)
Listing courtesy of FUSION MANAGEMENT & REALTY GRP   Phone: 941-809-3404

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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5830 Midnight Pass ROAD, #109, Siesta Key, FL, 34242

$750,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $600,000 $600,000 $600,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.125% 4.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.483% 6.273% 5.268%
Monthly Tax Payment $579 $579 $579
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,646 $3,646 $4,742
Total Monthly Payment $4,317 $4,317 $5,413

* 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.