The perfect opportunity for the Florida Lifestyle! MOVE-IN READY. This 2-bed, 2. 5-bath condo is being sold TURNKEY FURNISHED with comfortable living space, all in WALKING distance from the sugary sands of Siesta Key Beach. This is a great investment opportunity as Bay Oaks has a ONE WEEK RENTAL MINIMUM. Inside, enjoy a spacious and homey area for relaxing or entertaining. The kitchen is well-equipped for all your culinary adventures, and each bedroom comes with its own private bathroom, ensuring convenience and privacy.
Located on the bay side of Siesta Key, Bay Oaks offers a variety of amenities including a community pool, tennis courts, community grilling area, and a fishing pier extending into the bay. With a trolley stop right outside the community for a free ride, Bay Oaks also provides easy access to all Siesta Key Village offers such as nightlife, restaurants, and shopping.
Drink morning coffee watching the sunrise over the inter-coastal and walk across midnight pass onto the public beach to end your day watching the sunset. This is a wonderful opportunity for a low-maintenance lifestyle whether it is a vacation home, a turnkey rental property, or a permanent home. Escape the cold winters, and come to sunny Florida as this condo is ready for your seasonal move-in! Schedule your viewing now, available virtually or in-person. Grab it before season starts!
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Our Executive Mortgage Banker:
Our Insurance Division:
$590,000
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 | $472,000 | $472,000 | $472,000 |
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 | $444 | $444 | $444 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,140 | $3,137 | $3,980 |
Total Monthly Payment | $3,676 | $3,673 | $4,516 |
* 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.