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This is SO much more than “A Million Dollar View”. You’re on the top floor, seventh 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. You see what some think is the number one beach in the US, Siesta Key’s vast white sand, from one of your two 23 foot balconies and your living space. Continue around and see Siesta Key village in the distance, keep going and you even look East at the canal homes of the Key and then in the distance the lights and buildings of downtown Sarasota. Fourth of July from THIS location is going to be unbelievable. But there’s so much more here. Nicely updated with the same gorgeous ceramic tile on all the floors in all the rooms. The Kitchen is updated with granite and has beautiful stainless appliances including a brand new refrigerator. The kitchen features a pass through into living space and is very bright with great views too. A large primary bedroom with lots of window looking east at downtown. The 2nd bedroom has more gorgeous beach views. 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 50K in gross rental receipts in 2023 and is renting strong this year as well. And that’s with owner use too. Finding this much view 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 that are new in 2023 and 2024 as well. Picture yourself and your guests spending the day at the beach etc and then relaxing on your two huge balconies watching sunsets over the Gulf and then the lights of the city twinkling on. It has it's own premium assigned parking spot under the building too! These units rarely become available – the last sale in the West Tower was in 2020! It looks like MUCH MUCH more than a million and it costs less! Come see it before it gets away.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $796,000 | $796,000 | $796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.014% | 7.082% |
Monthly Tax Payment | $650 | $650 | $650 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,363 | $5,229 | $7,099 |
Total Monthly Payment | $6,105 | $5,971 | $7,841 |
* 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.