5855 Midnight Pass ROAD, #511, Siesta Key, FL, 34242 | $559,900

Welcome to Harbor Towers Yacht & Racket Club on Siesta Key! This 2-bedroom, 2-bathroom condo offers an exciting opportunity to create your dream coastal retreat. While the interior needs updating, the potential is endless. The open floor plan offers a spacious living area, two generous bedrooms, and a Florida room perfect for taking in the serene surroundings. Sold fully furnished, this condo is ready for immediate use or a complete refresh to suit your style. Harbor Towers offers a lifestyle second to none, with amenities such as two resort-style heated pools, a modern fitness center, three Har-Tru tennis courts, social room, BBQ and kitchen prep area, and a stunning marina with direct access to the intracoastal waterway. The private marina provides over 40 boat slips ($3 per foot per month) by waitlist, along with kayak and paddleboard storage. The condo’s prime location makes it a fantastic investment, with flexible rental options, a minimum two-week rental policy, and on-site rental management. With Siesta Key’s renowned beaches, vibrant dining and entertainment just minutes away and accessible via the free trolley, this property is ideal for both personal enjoyment and income potential. Harbor Towers recently completed a four-year hurricane hardening and structural upgrade program in 2024, meeting all new safety standards for Hurricane/Wind protection. The building has recently completed stunning exterior and interior building upgrades, including impact windows and sliding doors, with the seller covering the assessment in full- offering peace of mind for the new owner. No damage from Helene or Milton! Don’t miss the chance to transform this condo into your own slice of paradise.

Features

  • Elevator: Y
  • Heating: Central
  • Cooling: Central Air
  • Levels: 7
  • Amenities: Elevator(s), Fitness Center, Laundry, Pool, Spa/Hot Tub, Tennis Court(s)
  • Rooms: 6
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Common Area, Inside
  • Complex: HARBOR TOWERS Y & R
  • Year Built: 1976
  • Approx Sq. Feet: 1,165
  • Est. Taxes: $5,397
  • Condo Fee: $1,935 Quarterly
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pet Policy: Yes
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • MLS#: A4630229
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A4630229/5855midnightpassroad_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 12/22/2024 2:49:12 AM)
Listing courtesy of KELLER WILLIAMS ON THE WATER S   Phone: 941-803-7522

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

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5855 Midnight Pass ROAD, #511, Siesta Key, FL, 34242

$559,900

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $447,920 $447,920 $447,920
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.456% 7.171% 6.276%
Monthly Tax Payment $450 $450 $450
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,018 $2,977 $3,777
Total Monthly Payment $3,560 $3,519 $4,319

* 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.