5968 Midnight Pass ROAD, #161, Siesta Key, FL, 34242 | $900,000

Your beachside escape awaits you! This third floor, two bed two bath unit at the Palm Bay club boasts neutral features with coastal inspired (turnkey) furnishings that make starting, or adding to, your beach home portfolio a breeze. Tile floors make your Siesta lifestyle low maintenance with easy clean up from your sandy adventures. Mirrored walls throughout the entry and living area create an expansive feel of the 1, 173 square feet. The galley style kitchen offers bright, white cabinets, dramatic granite countertops, stainless appliances and a convenient pass through for easy serving and flow of conversation. The oversized leather furnishings are a relaxing place to rest and relax and extends to the enclosed lanai featuring glass sliders that permit warm, Florida sunshine to flood the space. Open the sliders on a cool morning or evening and enjoy a refreshing saltwater breeze. Sleeping quarters are well appointed with seaside inspired furniture and finishes and the two baths fresh, clean and ready for the next owner. This unit is smartly outfitted with in unit laundry! A true beach to bay community, your access to the impressive Palm Bay Club amenities is unlimited and includes: private Crescent Beach access, two heated swimming pools, hot tub overlooking the peaceful intercoastal waterway, complimentary fitness center, lighted tennis courts with pickleball, boat docks (daily rental, 21 ft max), BBQ grills, fishing pier. Your home away from home will work hard for you with an attractive three-night minimum rental requirement and an outstanding onsite rental service!

Features

  • Elevator: Y
  • Heating: Electric
  • Cooling: Central Air
  • Levels: 3
  • Amenities: Cable TV, Elevator(s), Fitness Center, Gated, Maintenance, Pickleball Court(s), Pool, Security, Spa/Hot Tub, Storage, Tennis Court(s)
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Inside
  • Complex: PALM BAY CLUB III
  • Year Built: 1975
  • Approx Sq. Feet: 1,134
  • Acreage: 2.27
  • Est. Taxes: $7,586
  • Condo Fee: $4,471 Quarterly
  • Lot Desc: FloodZone, Near Public Transit, Sidewalk, Street Dead-End
  • Pet Policy: No
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4631925
  • Days on Market: 0 day
  • Website: https://www.raveis.com
    /prop/A4631925/5968midnightpassroad_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 12/11/2024 9:06:20 PM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-349-3444

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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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5968 Midnight Pass ROAD, #161, Siesta Key, FL, 34242

$900,000

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 $720,000 $720,000 $720,000
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 $632 $632 $632
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,610 $4,492 $6,223
Total Monthly Payment $5,334 $5,216 $6,947

* 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.