The Terrace is renowned as one of Siesta Key's most iconic addresses, famed for its exquisite beauty and coveted location. Residents are treated to a wealth of amenities, including an elevated heated saltwater pool, a fitness center, a welcoming community room, and more, all mere steps from one of the most amazing expanses of beach. The Terrace truly offers a gateway to the world-renowned white sands and turquoise waters of the Gulf of Mexico. Facing Siesta Key Village, the building's front provides convenient access to a variety of restaurants, shops, and vibrant beachfront nightlife. This residence features a luxurious studio-style floor plan spanning 522 square feet, with an efficient layout including a Murphy bed, which maximizes the stunning southern views of Siesta Key Beach and the Gulf of Mexico from its eighth-floor vantage point. The interior is thoughtfully designed to be light, bright, and peaceful, creating a serene oasis by the sea, and is being sold turnkey except for some personal items. In addition to its stunning surroundings, The Terrace also offers on-site management and covered parking. This residence truly embodies the essence of beach-front living on Siesta Key.
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Our Executive Mortgage Banker:
Our Insurance Division:
$749,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $599,200 | $599,200 | $599,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.867% | 7.282% | 6.623% |
Monthly Tax Payment | $508 | $508 | $508 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,037 | $4,037 | $5,179 |
Total Monthly Payment | $4,637 | $4,637 | $5,779 |
* 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.