Under contract-accepting backup offers. This is a real estate investment worth exploring. Experience an island lifestyle in this distinctive & charming coastal Siesta Key Beach House. This is a completely renovated, like new, showroom condition, move-in ready established income producing vacation rental property. This property awaits the right year round homeowner, vacation rental investor or new construction investor. This is a true gem with no HOA fees & a premium location just literally a few steps away from Siesta Key Beach & a short walk or trolley ride to the center of Siesta Key Villages. This ground level, 3 bedrooms, 2 bath, light, bright & cozy beach property boasts terrific design features, craftsmanship & quality materials. The kitchen offers an efficient culinary space with quality custom cabinetry, granite counters, tile backsplash & updated stainless steel energy efficient appliances. The floor plan offers easy care engineered flooring throughout, ample bedroom space & closet spaces tucked away from the main living areas, ensuring privacy. The convenient laundry & utility room provides additional pantry or storage space. The low maintenance landscaping will free up your time to relax & enjoy the ocean breeze & serene Gulf of Mexico sunset views from the front westward facing screened porch with outdoor dining & lounge areas. The back yard offers a larger secluded screened porch, uncovered patio with outdoor shower & potential for additional features such as swim spa, hot tub, pool and/or landscape fountains. See the attachments with professional pool design w 3D images & proposal. This is a must see real estate opportunity. Owner managed vacation rentals generate approx. $40k annually, professional rental management forecasts $60-65k. With zoning approval the building can possibly be expanded.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,200,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.250% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.371% | 6.348% | 6.182% |
Monthly Tax Payment | $647 | $647 | $647 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,833 | $5,911 | $8,101 |
Total Monthly Payment | $6,605 | $6,683 | $8,873 |
* 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.