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Discover the allure of coastal farmhouse living in this Siesta Key residence, ideally suited as a primary home, second home, or lucrative vacation rental. Nestled minutes away from South Siesta Village and Siesta Key Beach, including Point of Rocks and Crescent Beach for exceptional snorkeling and shelling adventures. Conveniently close to Siesta Key Marina for effortless boat storage and access. Enjoy easy access to the island's amenities via walking, biking, or trolley rides, including restaurants, shops, and entertainment. Boasting approximately 2, 800 square feet of interior space with elevator access to all levels, this home features 5 bedrooms, including 2 master suites with balcony access. Additional amenities include a den, perfect for a game room or office, 5 full bathrooms, 1 half baths, and en suite facilities in all bedrooms. Embrace outdoor living with over 1, 400 square feet of covered patios and balconies, alongside a resort-style pool and spa complete with a waterslide and sun shelf. Enhancing the outdoor experience is a covered pool patio equipped with a TV, seating, dining, and BBQ grill. An enticing investment opportunity awaits, as this property is an established vacation rental managed by the esteemed Vunique Vacations, with a projected gross income of $370, 000 for 2024 as of April.
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$3,650,000
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 | $2,920,000 | $2,920,000 | $2,920,000 |
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 | $1,889 | $1,889 | $1,889 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $19,427 | $18,939 | $25,637 |
Total Monthly Payment | $21,441 | $20,953 | $27,651 |
* 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.