7314 Point Of Rocks ROAD, Siesta Key, FL, 34242 | $4,890,000

Welcome to one of the most exclusive and sought after locations in all of Sarasota, welcome to 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 roughly 13 feet above sea level 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 and snorkeling or viewing from your gulf front terrace. Featuring 4 beds and 4 baths 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 for entertaining inside and out, including a living-dining room with fire place as well as a great family room, your guests will never want to leave. Enjoy kayaking or paddle boarding and swimming with the sea life right from your back yard. With such a prime location, from your cottage you can take a quick walk 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! Act now so you don’t miss another epic Siesta Key Season!

Features

  • Rooms: 6
  • Bedrooms: 4
  • Baths: 4 full
  • Laundry: Inside
  • Style: Cottage
  • Year Built: 1940
  • Garage: 1-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,977
  • Acreage: 0.38
  • Est. Taxes: $14,121
  • Appliances: Dishwasher, Range, Refrigerator
  • MLS#: A4586498
  • Days on Market: 212 days
  • Website: https://www.raveis.com
    /eprop/A4586498/7314pointofrocksroad_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 6/17/2024 5:16:26 AM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-349-3444

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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7314 Point Of Rocks ROAD, Siesta Key, FL, 34242

$4,890,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,912,000 $3,912,000 $3,912,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.750% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.799% 6.876% 6.850%
Monthly Tax Payment $1,177 $1,177 $1,177
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $26,027 $25,373 $34,347
Total Monthly Payment $27,329 $26,675 $35,649

* 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.