Unique Opportunity to purchase a 2/2 gulf view unit. A highly desirable first floor walk out with unbelievable views including sunsets, white sand beaches and sea life galore. The community has a heated pool, clubhouse, beach deck and assigned covered parking. The unit has flood damage from Hurricane Helene. It is being sold as-is. It has been remediated. The association will turn back a white box. Any credits from insurance to rebuild will be credited to the buyer. It offers two storage units for all of your beach toys . . . one on the enclosed lanai and one in the association storage room. The community has limited amenities currently. The pool, beach deck, clubhouse and Seaview building will all be restored. The price reflects the current condition. Here’s an opportunity to own a place at the beach. You can renovate it to your own liking. Lido Harbour South is the last condominiums located on Lido. It’s also one of the first condos built allowing this property a prime location. It's just steps to the Bay Runner trolley system to transport you to and from Downtown Sarasota as well as St Armand's Circle. Ted Sperling Park is right out the entrance of this gated boutique condo. Enjoy kayaking or paddle boarding through the mangrove tunnels, a stroll through the nature park, stop at the Pass to see the Dolphins play, the Manatees graze, protected Terns as well as Skimmers and an occasional Sea Turtle nest. Don't miss the opportunity to own this.
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Our Executive Mortgage Banker:
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$700,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $560,000 | $560,000 | $560,000 |
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 | $679 | $679 | $679 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,868 | $3,773 | $4,764 |
Total Monthly Payment | $4,639 | $4,544 | $5,535 |
* 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.