ST ARMANDS TOWERS SOUTH - This rarely available beach condo in one of the most desirable communities in Florida lets you experience the relaxed Lido Key lifestyle from a landmark location directly across from Lido Beach, and just two blocks from the renowned St Armands Circle, a premier shopping and dining destination. This 5th floor east-facing residence is being sold furnished, with a few exclusions, and offers 1, 275 sq ft of interior living space in an open floor plan, with two bedrooms and two full bathrooms. Thoughtfully updated and beautifully designed, the residence has expansive sliding glass doors that lead from the living room and both bedrooms to the balcony, bringing the outdoors in and adding light, while flowing seamlessly to the outdoor living area on the private 240 sq ft balcony. Casual elegance is evident in all of the improvements throughout, with details such as fans in the living room and both bedrooms, smooth-finished walls and ceilings in a coastal palette, and oversized ceramic tile floors that make clean-up a breeze, after days spent lounging at the beach. The kitchen is open to the spacious living room and dining room, and is equipped with recessed lighting, stone counters, an undermount sink, beautiful cabinetry with plenty of storage, and stainless appliances. The primary bedroom includes an en suite bathroom and generous walk-in closet, and the additional bedroom is perfect for a home office, or an extra room for guests. There is a storage closet in the unit, and one covered carport space is also included, with a private storage locker for beach toys, and the building offers some bicycle storage for owners. Whether you’re looking for a permanent residence, or a vacation getaway, this delightful condo is the ideal Lido Key retreat. St Armands Tower South is a pet friendly building (< 25 lbs), with amenities that include a heated pool with Gulf views, community room with kitchen, library, fitness room, laundry room on each floor, and onsite management and maintenance supervisor. The property fared very well in the recent storms, as the building has been well maintained with recent renovations that include an updated lobby and fitness center, resurfaced swimming pool, newer hallways, upgraded building plumbing, and the entire exterior was freshly painted in 2022 (including the balconies and railings). Located just 3 miles from downtown, where else can you live so close to arts, culture, entertainment and a world-class beach? From the sun-kissed sands of Lido Beach to shopping at St. Armand’s Circle or experiencing the museums and performance art of Sarasota, you’ll be able to take full advantage of the good life from this iconic locale on Florida’s “Cultural Coast. ” Request an appointment today.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $940,000 | $940,000 | $940,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.375% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.498% | 6.579% |
Monthly Tax Payment | $780 | $780 | $780 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,019 | $5,864 | $8,124 |
Total Monthly Payment | $6,924 | $6,769 | $9,029 |
* 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.