Auction Property. TO BE SOLD AT AUCTION AUGUST 17TH @ 11AM ON SITE (PRICE ON LISTING IS THE OPENING BID PRICE). Discover luxury coastal living at 5740 Midnight Pass Road #407F, Siesta Key! This 2-bed, 2-bath unit boasts stunning Gulf views, spacious walk-in closet, community amenities, round-the-clock security, prime Siesta Key Village location. Enjoy on site beaches, dining, shopping. Don't miss this chance to own a piece of paradise. Welcome to the premier condominium development on Siesta Key! This exquisite listing at 5740 Midnight Pass Road #407F, Sarasota offers a truly unparalleled coastal living experience. As you enter the unit you will be immediately captivated by the breathtaking views of the Gulf of Mexico that greet you. The floor-to-ceiling windows showcase the stunning azure waters, creating a sense of tranquility and serenity that will instantly make you feel at home. With 2 bedrooms and 2 bathrooms, this unit provides ample space for both relaxation and entertainment. The main bedroom features a spacious walk-in closet, ensuring that you have plenty of storage for all your belongings. Wake up to the gentle sound of the waves and enjoy your morning coffee while taking in the stunning views of the Gulf. The community amenities are truly exceptional. Enjoy a game of tennis on the well-maintained courts, or socialize with friends and neighbors in the clubhouse. The guard house with round-the-clock security gives you peace of mind, allowing you to fully embrace the carefree coastal lifestyle. And let's not forget the prime location of this development. With direct access to the sandy beaches of Siesta Key, you can spend your days lounging in the sun, building sandcastles, or taking long walks along the shoreline. The vibrant Siesta Key Village is just a short distance away, offering a wide range of dining, shopping, and entertainment options to suit every taste. Don't miss this incredible opportunity to own a piece of paradise in the most sought-after condominium development on Siesta Key. Schedule a showing today and see for yourself why this unit at 5740 Midnight Pass Road #407F is the epitome of coastal living at its finest.
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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 | $580,000 | $580,000 | $580,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 5.990% | 4.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.398% | 6.161% | 5.152% |
Monthly Tax Payment | $1,015 | $1,015 | $1,015 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,524 | $3,474 | $4,549 |
Total Monthly Payment | $4,631 | $4,581 | $5,656 |
* 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.