5855 Midnight Pass ROAD, #311, Siesta Key, FL, 34242 | $689,000

This stunning condo at Harbor Towers Yacht & Racquet Club offers an unparalleled investment opportunity, combining luxurious living with a resort-style ambiance. Thoughtfully updated with meticulous attention to detail, the condo features new luxury vinyl flooring and a beautifully remodeled kitchen, complete with solid wood cabinets and granite countertops, elevating the space to a new level of comfort and sophistication. Set in the heart of tropical Siesta Key, the condo boasts breathtaking water views from one of the widest stretches of intracoastal frontage, making it an exceptional find. The community’s impressive amenities include a state-of-the-art fitness center, two heated pools, and three illuminated Har-Tru tennis courts, catering to both relaxation and recreation. Additional conveniences like high-speed WIFI, gas grills, a boat basin, and the serene Island Gazebo—perfect for unwinding or dolphin watching—enhance the waterfront lifestyle. Ideally situated, the property is just moments from Siesta Key Village, offering an array of boutique shopping and dining options. Residents also enjoy complimentary access to the Siesta Key Open Air Trolley, making it easy to explore the island. With Siesta Key’s world-famous beaches just minutes away and Sarasota’s vibrant cultural and entertainment scene within a short drive, the location truly offers the best of both worlds. Whether you’re seeking a full-time residence, a vacation retreat, or an exceptional investment property, this condo promises an enviable lifestyle in one of the world’s most desirable beach destinations. Don’t miss your chance to call this extraordinary property home!

Features

  • Elevator: Y
  • Heating: Electric
  • Cooling: Central Air
  • Levels: 7
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Common Area, Same Floor As Condo Unit
  • Complex: HARBOR TOWERS Y & R
  • Year Built: 1976
  • Approx Sq. Feet: 1,165
  • Acreage: 8.7
  • Est. Taxes: $5,766
  • Condo Fee: $1,914 Quarterly
  • Lot Desc: FloodZone, In County, Near Marina, Sidewalk
  • View: Water
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pet Policy: Number Limit
  • Appliances: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
  • MLS#: A4636368
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /raveis/A4636368/5855midnightpassroad_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 1/19/2025 9:05:35 AM)

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5855 Midnight Pass ROAD, #311, Siesta Key, FL, 34242

$689,000

Jennifer Thompson

Luxury Properties Specialist

William Raveis Real Estate

Phone: 941.928.0790

Jennifer.Thompson@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 $551,200 $551,200 $551,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.875% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.191% 7.171% 6.276%
Monthly Tax Payment $481 $481 $481
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,621 $3,663 $4,648
Total Monthly Payment $4,193 $4,235 $5,220

* 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.