311 Island CIRCLE, Siesta Key, FL, 34242 | $1,600,000

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.

Features

  • Rooms: 15
  • Bedrooms: 4
  • Baths: 4 full
  • Laundry: Inside, Laundry Chute, Laundry Room
  • Style: Ranch
  • Year Built: 1953
  • Garage: 2-car Boat, Circular Driveway, Driveway, Garage Door Opener, Garage Faces Side, Guest, Oversized
  • Heating: Central, Electric, Zoned
  • Cooling: Central Air, Zoned
  • Approx Sq. Feet: 3,146
  • Acreage: 0.52
  • Est. Taxes: $19,355
  • Lot Desc: Corner Lot
  • View: Pool, Water
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pool: In Ground, Pool Sweep, Screen Enclosure
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: A4618950
  • Days on Market: 5 days
  • Website: https://www.raveis.com
    /eprop/A4618950/311islandcircle_siestakey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 9/21/2024 7:05:24 PM)
Listing courtesy of KELLER WILLIAMS CLASSIC GROUP   Phone: 941-900-4151

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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

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311 Island CIRCLE, Siesta Key, FL, 34242

$1,600,000

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

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.