REMEDIATED AND READY FOR REMODEL OR REBUILD. Embrace the ultimate tropical retreat on Siesta Key, where every day feels like a vacation. This coveted canal-front property on Treasure Boat Way, one of the island’s most desirable streets, offers a rare opportunity to create your dream home. Customize the interior or completely rebuild, this property is selling at land value. Designed by the iconic Ruth Richmond, the layout is centered around the pool and patio, providing endless possibilities for entertaining or crafting your private oasis. With a new seawall cap and quick access to the Gulf of Mexico from your private dock, this home is perfect for enjoying the best of Siesta Key’s waterfront lifestyle.
Take a short stroll to the lively Siesta Key Village, where you’ll find vibrant dining, boutique shopping, live music, and nightlife—all just steps from Siesta Key, the #1 Beach in the USA. Spend your days paddleboarding through peaceful canals, jetskiing across turquoise waters, or heading out by boat to bask on sandbars, explore hidden islands, or fish in the world-renowned Gulf of Mexico.
This professionally remediated, estate-sized . 36-acre property with coveted southern exposure is ready for your vision. Don’t miss this rare chance to own a slice of paradise on Siesta Key—schedule your private showing today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,995,000
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 | $1,596,000 | $1,596,000 | $1,596,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.545% | 6.748% | 6.932% |
Monthly Tax Payment | $1,503 | $1,503 | $1,503 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,352 | $10,219 | $14,123 |
Total Monthly Payment | $11,980 | $11,847 | $15,751 |
* 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.