Under contract-accepting backup offers. Stunning Waterfront 4-Bedroom Ranch on Siesta Key’s Palm Island! This exquisite home sits on a 22, 000 sq. ft. waterfront lot, surrounded by lush tropical greenery, steps from Florida’s #1 beach and less than a mile from the Village. The large circular driveway leads to a cozy shaded front porch, perfect for relaxation. Inside, the central foyer flows into a spacious kitchen with blond wood cabinets, granite countertops, and two walk-in pantries. A skylight above the kitchen island fills the space with natural light. The bright and airy living room features wood-paneled walls, a beamed ceiling, and a stunning stone fireplace. Large windows offer captivating views of the lush surroundings. French doors in the dining room open to the Lanai and pool area, seamlessly blending indoor and outdoor spaces. An adjacent office/study also provides access to the Lanai, creating a peaceful workspace. Two front bedrooms share a bathroom with a large walk-in shower and a laundry chute. The fourth bedroom, located at the back, opens to the Lanai and pool area and includes an ensuite bath for added privacy. The family room, situated off the primary suite, features an oversized bay window. The primary suite, tucked at the rear of the home, offers a tranquil retreat with an ensuite bath featuring dual sinks, a freestanding soaking tub, a walk-in shower, and a glass block wall providing both privacy and natural light. The custom walk-in closet offers optimal storage. Recent upgrades include a remodeled spa-inspired master suite and bath, custom closet, a new gas range and convection oven, and luxury vinyl plank flooring in the ensuite bedroom. Other features include a paver pool deck, storm shutters, fresh paint, upgraded bathrooms, a pool heater, saltwater filtration, porcelain tile, new light fixtures, a new water heater, and electrical upgrades. Energy-efficient with dual-zone cooling, UV filtration, and double-pane windows, this luxurious Siesta Key home blends tropical charm with modern conveniences, offering comfort and style in one of Florida’s most desirable locations.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,600,000
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 | $1,280,000 | $1,280,000 | $1,280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 6.258% | 6.201% |
Monthly Tax Payment | $1,613 | $1,613 | $1,613 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,777 | $7,777 | $10,801 |
Total Monthly Payment | $9,515 | $9,515 | $12,539 |
* 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.