Currently the least expensive Gulf Front property available between Siesta Key and Longboat key. With some damage sustained from the recent hurricanes, this home is now offered “As-Is" ready for your personal updates and remodel. Welcome to one of the most exclusive and sought after locations in all of Sarasota, Point of Rocks. The Siesta Key sand is often compared to powdered Sugar. The sugar sand flows over and through the shoreline here at The Sugar Shack, a quintessential beach cottage. Located directly on the Point of Rocks this cottage sits elevated providing sensational year-round views of the Gulf and Sunset. The rocks are estimated to be one of the oldest locations in all of Florida, perhaps over 3, 000 years old. Here you can find some of the most amazing sea life, perfect for swimming, wading, kayaking and snorkeling. Featuring 4 bedrooms and 4 bathrooms with a split floorplan and multiple levels, the layout provides great separation of spaces for your family and guests to enjoy the beach cottage experience. With multiple areas and options for entertaining inside and out, you can put your personal touch on all the living and dining areas. Enjoy kayaking or paddle boarding and swimming with the sea life right from your back yard. With such a prime location, from this property you can take a quick walk or ride to the world famous Siesta Key Crescent Beach or over to Crescent Village for great dining and entertaining. Staying on the key you can grab the trolley or take a golf cart up to Siesta Village for even more shopping, dining and night life. Here at The Sugar Shack, you can have it all! There are only a handful of private gulf front parcels on Siesta Key. With over 1/3 of an acre directly on the water the possibilities of renovation, remodel, expansion or new build are endless!
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,400,000
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 | $3,520,000 | $3,520,000 | $3,520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.110% | 6.735% | 6.680% |
Monthly Tax Payment | $1,177 | $1,177 | $1,177 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $22,831 | $22,539 | $30,663 |
Total Monthly Payment | $24,133 | $23,841 | $31,965 |
* 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.