5531 Cannes CIRCLE, #503, Sarasota, FL, 34231 | $649,000

Come and take in the spectacular views from the private balcony of this beautiful 5th floor condo in the secure, gated community of Phillippi Landings. Watch boats as they pass by on Phillippi Creek below, or enjoy the sunset over Siesta Key. This spacious condo has two bedrooms and two full baths, laundry, as well as an additional flex room perfect for a home office, media room, etc. Updates include a beautifully renovated guest bath, custom closets in the owner’s suite, new carpet in the guest bedroom, fresh paint throughout, and new AC. The kitchen features quartz counter tops and stainless steel appliances. A reserved covered parking space is provided for residents, and ample outdoor parking for guests. Secure, locked storage area is also provided. Residents of Phillippi Landings enjoy a range of on-site amenities, including a heated pool and spa, fitness center, dog park, and clubhouse with kitchen for catering & private gatherings. Marina slips available in close proximity (not owned by condo). Conveniently located minutes to downtown Sarasota, Siesta Key Beaches, shopping & restaurants. Fee includes amenities, insurance, grounds maintenance & reserve fund.

Features

  • Elevator: Y
  • Heating: Central
  • Cooling: Central Air
  • Levels: 1
  • Amenities: Clubhouse, Elevator(s), Fitness Center, Gated, Lobby Key Required, Maintenance, Pool, Recreation Facilities, Spa/Hot Tub
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Laundry Closet
  • Complex: PHILLIPPI LANDINGS
  • Year Built: 2006
  • Common Charge: $2,800 Quarterly
  • Approx Sq. Feet: 1,706
  • Est. Taxes: $4,083
  • View: Water
  • Pet Policy: Yes
  • Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Washer
  • MLS#: A4620728
  • Days on Market: 108 days
  • Website: https://www.raveis.com
    /prop/A4620728/5531cannescircle_sarasota_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 12/26/2024 6:17:07 PM)
Listing courtesy of COLDWELL BANKER SARASOTA CENT.   Phone: 941-487-5600

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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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5531 Cannes CIRCLE, #503, Sarasota, FL, 34231

$649,000

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 $519,200 $519,200 $519,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.375% 7.125% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.474% 7.282% 6.412
Monthly Tax Payment $340 $340 $340
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,586 $3,498 $4,416
Total Monthly Payment $4,018 $3,930 $4,848

* 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.