Beautiful home located in the heart of picturesque Siesta Key. This home offers the perfect blend of island living and untapped potential. While recently impacted by Hurricanes Helene and Milton, this property remains a rare gem with endless possibilities to restore and reimagine your dream coastal retreat. Located just minutes from world-famous Siesta Key Beach, this property is your chance to own a slice of paradise! Step into this serene escape surrounded by mature tropical landscaping, offering privacy and tranquility. A tall rock waterfall flows into the recently resurfaced pool that dazzles with mosaic tiles from top to bottom. The Japanese Teahouse in the pool area is a unique feature that adds a touch of elegance and serenity for enjoying peaceful moments surrounded by nature, perfect for entertaining or unwinding in your personal paradise. Open-concept living and dining areas with plenty of natural light. Large windows overlook a private backyard and mature Live Oak. Circular paver driveway and carport for convenient island living. Opportunity Awaits - hurricane damage remediation was performed after Helene by Servpro, but not after Milton’s lower water level, creating a unique opportunity for a buyer with vision to restore or reimagine this property. With its solid structure and unbeatable location, it’s the perfect canvas for creating your dream coastal retreat. Renowned for its sugar-white sand beaches, turquoise waters, and laid-back vibe, Siesta Key offers a vibrant community and easy access to Sarasota’s cultural attractions. Whether you’re an investor or looking to create your forever home, this property is ready for a new chapter. Don’t miss this rare opportunity to bring your vision to life! Siesta Key living starts here! Home is sold as-is, owner financing may be considered.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,375,000
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 | $1,100,000 | $1,100,000 | $1,100,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.235% | 6.723% | 6.826% |
Monthly Tax Payment | $661 | $661 | $661 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,135 | $7,043 | $9,658 |
Total Monthly Payment | $7,921 | $7,829 | $10,444 |
* 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.