Under contract-accepting backup offers. HIGH & DRY!! NO HURRICANE DAMAGE. Welcome to your exclusive sanctuary on Lido Key, where luxury meets coastal charm. Enjoy stunning views of the Gulf from this updated 6th-floor residence at the well-maintained Lido Towers on Lido Key. With private beach access to the beautiful Lido Beach, this unit boasts water views from the living room, dining room, and master bedroom. Step inside to discover a modern kitchen with solid wood cabinets, granite countertops, and a spacious pantry. Relax on the private balcony equipped with hurricane shutters for easy safety, overlooking the pool and spa area surrounded by lush tropical landscaping. New impact-rated windows were added in 2010, ensuring peace of mind during storm seasons. This unit includes covered parking, plenty of guest parking, a storage closet, and community amenities like a large pool, large jacuzzi, sauna, and club room that features a kitchen and seating area. Laundry facilities are conveniently located on each floor. Indulge in the ultimate coastal lifestyle with direct access to the pristine shores of Lido Beach, just moments from your doorstep. Spend your days basking in the Florida sun, swimming in the turquoise waters, or taking leisurely walks along the soft white sands. For the adventurous spirit, kayaking and paddleboarding opportunities are steps away from this unit at Ted Sparling Park, allowing you to explore the stunning coastline and nearby mangrove forests at your own pace. When it's time to explore beyond the beach, discover the vibrant culture and entertainment options that await nearby. St. Armands Circle, renowned for its upscale boutiques, art galleries, and gourmet dining establishments, offers a sophisticated blend of shopping and dining experiences just a short drive away. Treat yourself to a culinary adventure at one of the area's top-rated restaurants, where world-class chefs serve up delectable dishes inspired by the flavors of the Gulf Coast. As the sun sets, immerse yourself in Sarasota's lively nightlife scene, where top bars and lounges offer handcrafted cocktails, live music, and waterfront views. Whether you're sipping cocktails under the stars or dancing the night away, the city's eclectic mix of entertainment options ensures that every evening is filled with excitement and possibility. Don't miss this opportunity to experience the epitome of coastal living on Lido Key. This is one of the few rental-friendly buildings on Lido Key. Owners are permitted one-month minimum rentals twelve times a year. Monthly dues, paid quarterly, are $907. 00. All milestone inspections are complete and Lido Towers’ reserve is fully funded with no assessments or dues increases currently anticipated. Schedule your private showing today and discover the unparalleled beauty and elegance of life at 1001 Benjamin Franklin Drive #606.
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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 | $639,999 | $639,999 | $639,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $671 | $671 | $671 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,258 | $4,254 | $5,397 |
Total Monthly Payment | $5,021 | $5,017 | $6,160 |
* 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.