Bay Tree Club Association offers a slice of paradise with rare & spectacular Gulf to Bay access. A boater's delight now that Midnight Pass reopened ~ offering direct access to the Gulf of Mexico! Revel in beautiful sunrises by the bay and magical sunsets on the gulf. Witness the majestic sea turtles during nesting season. All just minutes from your top floor Penthouse style condo. This one-bedroom, one-bathroom home offers 697 square feet of living space in a coastal community. The cheerful layout creates a bright and airy atmosphere, accentuated by the neutral tones and ample natural lighting. The updated kitchen features granite countertops, while the tiled shower in the bathroom provides a modern touch. The living room and dining area are both spacious and inviting. Enjoy views of the bay from your Juliet lanai. Here residents can experience the serene waterfront location, with private access to the beach and private tranquil docks. The lush landscaping and beachfront setting contribute to the overall peaceful ambiance. Residents can also take advantage of their own private cabanas, boat docks, and access to both the gulf/ocean and the bay. This inviting community is situated within easy access to nearby restaurants, shops, and the infamous Siesta Beach and Siesta Village. With a Trolley stop out front, take advantage of free rides to explore the area further. In addition to fun rides on the Key, hop aboard for a jaunt to Downtown Sarasota with additional Trolleys to popular St. Armands Circle and nearby Longboat Key attractions. The property also provides assigned owner and ample guest parking, as well as private storage and bay & gulf-side heated pools and BBQ patio grilling areas. This property represents beach living at its best where life is easy, and boaters can enjoy the reopened Midnight Pass. With its updated features, waterfront location, and amenities, this condo offers an ideal living experience. Move in, unpack and relish in beach life. Living is good on Siesta Key! Investors and end users have the potential to enjoy instant income as the seller is willing to leaseback. Take comfort in knowing that this complex completed and passed the Milestone Inspection and that the building had no structural damage from the recent storms. Roofs were replaced in 2020. Being offered furnished/turnkey. Making this rare Gulf to Bay home a must see!
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William Raveis Mortgage, LLC
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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 | $391,200 | $391,200 | $391,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.171% | 6.538% |
Monthly Tax Payment | $318 | $318 | $318 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,603 | $2,600 | $3,354 |
Total Monthly Payment | $2,996 | $2,993 | $3,747 |
* 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.