5539 Avenida Del Mare, Siesta Key, FL, 34242 | $1,200,000

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.

Features

  • Rooms: 12
  • Bedrooms: 3
  • Baths: 2 full
  • Lot Size: 50 x 111
  • Laundry: Electric Dryer Hookup, Inside, Laundry Closet, Laundry Room, Washer Hookup
  • Style: Coastal
  • Year Built: 1975
  • Garage: Driveway, Ground Level, Guest, Off Street
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,405
  • Acreage: 0.13
  • Lot Size: 50 x 111
  • Est. Taxes: $7,763
  • Lot Desc: Cleared, Level, Near Golf Course, Near Marina, Near Public Transit, Sidewalk
  • View: Water
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Range, Refrigerator, Washer
  • MLS#: A4619527
  • Days on Market: 26 days
  • Website: https://www.raveis.com
    /eprop/A4619527/5539avenidadelmare_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 9/25/2024 4:08:35 PM)
Listing courtesy of BECKMANN REAL ESTATE   Phone: 941-346-3500

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5539 Avenida Del Mare, Siesta Key, FL, 34242

$1,200,000

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 $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.