565 Commonwealth PLACE, Siesta Key, FL, 34242 | $1,695,000

Under contract-accepting backup offers. Welcome to this tropical waterfront gem in an idyllic location with direct access to Sarasota Bay, the Intracoastal Waterway and near world-famous Siesta Beach. This wonderful three-bedroom, two-bath island residence has wonderful curb appeal, nestled on an upscale cul-de-sac on Siesta Key and is a perfect primary or second home. The paver drive and walkway lead to a covered entry leading to the living area, which boasts a tray ceiling and separate dining room overlooking the sparkling pool and lanai. The tastefully updated island kitchen is adorned with solid maple cabinets, granite countertops, top-of-the-line appliances and a planning desk, and offers abundant storage and workspaces. The convenient pass-through window offers easy access to the outdoor entertaining area. Relax and unwind in the primary suite, a spacious bedroom overlooking the pool and waterway, offering an oversized walk-in closet and an en-suite bath with dual sinks, tub and shower. Baths have been tastefully updated, showcasing stunning granite countertops that add a touch of elegance. The split bedroom plan affords guest bedrooms privacy. Additional features include a large laundry room with storage, Bahama shutters, and elegant travertine and tile floors throughout. Step outside into your own private oasis, featuring a screened lanai with charming pavers, a heated pool for year-round relaxation and enjoyment, and a built-in entertainment bar for gatherings with family and friends. Delight leisurely by poolside, gather around the inviting fire pit and luxuriate in the bubbling hot tub. Embrace the essence of coastal living in this impeccably landscaped home, offering remarkable canal access for fishing, kayaking or paddleboarding right from your dock. Boasting a convenient 10, 000-pound lift, eagerly awaiting your watercraft for endless adventures on the water, 133-foot recapped seawall, and Trex dock further elevate the appeal of this exceptional waterfront property. The home offers peace of mind with hurricane shutters for added protection during inclement weather, a fenced yard, a paver driveway and a two-car garage. As a bonus, the shops and restaurants of charming Siesta Key Village are just minutes away, while the renowned #1 beach in the U. S. awaits your exploration. Just 15 minutes to downtown Sarasota’s vibrant galleries, museums, theatres, shopping and dining.

Features

  • Rooms: 9
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Inside
  • Style: Custom, Florida, Ranch
  • Year Built: 1973
  • Garage: 2-car Driveway, Garage Door Opener
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,849
  • Acreage: 0.22
  • Est. Taxes: $17,335
  • HOA Fee: $500 Annually
  • Lot Desc: Cul-De-Sac, FloodZone, In County
  • View: Garden, Pool, Water
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pool: Gunite, Heated, In Ground, Screen Enclosure
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Range, Refrigerator, Washer
  • MLS#: A4615737
  • Days on Market: 5 days
  • Website: https://www.raveis.com
    /eprop/A4615737/565commonwealthplace_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 7/6/2024 5:21:12 AM)
Listing courtesy of PREMIER SOTHEBYS INTL REALTY   Phone: 941-364-4000

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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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565 Commonwealth PLACE, Siesta Key, FL, 34242

$1,695,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,356,000 $1,356,000 $1,356,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.875% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.838% 7.002% 6.915%
Monthly Tax Payment $1,445 $1,445 $1,445
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,136 $8,908 $11,999
Total Monthly Payment $10,706 $10,478 $13,569

* 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.