5830 Midnight Pass ROAD, #705, Siesta Key, FL, 34242 | $1,299,900

AVAILABLE TO SHOW! Welcome to your beachfront oasis! This stunning 7th-floor condo offers breathtaking balcony views of the Gulf of Mexico. This property features 1, 285 square feet that includes 2 bedrooms and 2 full bathrooms. It is being offered fully furnished—all you need is your bathing suit and a toothbrush! The light and bright great room plan boasts an open flow between the kitchen, living area, and dining space, perfect for relaxation and entertainment. Take a refreshing dip in the pool after a long day at the beach, then unwind on the spacious balcony to enjoy a stunning sunset. With an onsite management team, your beach retreat remains worry-free. This property also has a strong rental history, making it an excellent vacation rental investment. Residents and guests at Jamaica Royal enjoy deeded covered parking, plus Tiki Huts and chairs on the private beach. Located in a prime spot, you can immerse yourself in island life with local restaurants and lively music that are just a trolley or bike ride away. Don’t miss out on this incredible opportunity to own a piece of paradise!

Features

  • Elevator: Y
  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 8
  • Amenities: Cable TV, Elevator(s), Gated, Laundry, Maintenance, Pool, Security, Storage
  • Rooms: 6
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Common Area
  • Complex: JAMAICA ROYALE TOWER II
  • Year Built: 1976
  • Approx Sq. Feet: 1,285
  • Acreage: 0.99
  • Est. Taxes: $10,250
  • Condo Fee: $5,309 Quarterly
  • Lot Desc: Flood Insurance Required, FloodZone, Landscaped, Private, Street Dead-End
  • View: Water
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pet Policy: Yes
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • MLS#: U8248638
  • Days on Market: 142 days
  • Website: https://www.raveis.com
    /prop/U8248638/5830midnightpassroad_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 11/23/2024 11:09:13 AM)
Listing courtesy of PLUMLEE GULF BEACH REALTY   Phone: 727-595-7586

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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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5830 Midnight Pass ROAD, #705, Siesta Key, FL, 34242

$1,299,900

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 $1,039,920 $1,039,920 $1,039,920
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.762% 6.036%
Monthly Tax Payment $854 $854 $854
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,659 $6,659 $9,130
Total Monthly Payment $7,638 $7,638 $10,109

* 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.