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5830 Midnight Pass ROAD, #502, Siesta Key, FL, 34242 | $1,450,000
The Beach Elevated this updated 5th floor high above the Gulf a Golden opportunity to own directly on Siesta Key Beach. Rarely available perfectly situated direct beach front with a weekly rental program managed on site 52 weeks a year. Endless BEACH VIEWs in the wrap around deck specific to this unit on the 5th floor you will be well protected from high tides. NEW HURRICANE WINDOWS and/or shutters 2023 new railings on the balconies and fresh interior and exterior paint assessments have been paid. This unit comes turnkey furnished a top performer when rented Unit 502 has earned $80k in rental income so far 2024. You will love the large wine refrigerator great for chilling soft drinks and water too enjoy on your open balcony hovering over the beach cannot get closer that this and still able to sleep at night. You will appreciate the extra owners storage unit on the first level of the building convenient for your personal beach chairs and umbrellas. Jamaica Royale features 3 swimming pools and beach side chairs for relaxing on Crescent Beach. Central island location for easy access to south and north villages on Siesta key shopping dining and live entertainment. Access the trolley for free rides to either end of Siesta Key. This unit is rented through August 3, 2024 and then will be available showings and inspections. This property has had the "MILESTONE" inspection for the complex
Features
- Elevator: Y
- Heating: Central
- Cooling: Central Air
- Levels: 7
- Amenities: Elevator(s), Maintenance, Pool
- Rooms: 4
- Bedrooms: 2
- Baths: 2 full
- Laundry: Inside, In Kitchen
- Complex: JAMAICA ROYALE TOWER II
- Year Built: 1976
- Approx Sq. Feet: 1,285
- Est. Taxes: $7,915
- Condo Fee: $1,770 Monthly
- Lot Desc: In County, Near Public Transit, Street One Way
- View: Water
- Elem. School: Phillippi Shores Elementary
- Middle School: Brookside Middle
- High School: Sarasota High
- Pet Policy: Number Limit, Size Limit, Yes
- Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Wine Refrigerator
- MLS#: A4617982
- Days on Market: 59 days
- Website: https://www.raveis.com
/prop/A4617982/5830midnightpassroad_siestakey_fl?source=qrflyer
Listing courtesy of COLDWELL BANKER REALTY Phone: 941-366-8070
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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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
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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- Provides a guaranteed closing date that meets your needs
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Yokadi MejiaInsurance Sales Director, William Raveis Insurance
561.335.7966
Yokadi.Mejia@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
5830 Midnight Pass ROAD, #502, Siesta Key, FL, 34242
$1,450,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,160,000 | $1,160,000 | $1,160,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.406% | 6.762% | 6.830% |
| Monthly Tax Payment | $660 | $660 | $660 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,524 | $7,428 | $10,185 |
| Total Monthly Payment | $8,309 | $8,213 | $10,970 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388