Annual rental available at this spectacular bayfront property. . . where downtown Sarasota meets the bay. . this first floor unit has 10 ft ceilings and porcelain tile floors thru out. No need to use an elevator to get to this condo. Brand new hurricane sliders were just installed giving you a wall to wall 10 ft high view. New blinds were installed. The condo was just painted. Located on a gated 9 acre peninsula, it is direct waterfront. No one will ever build in front of it and block your views of the bay & sunsets. The open floor plan extends from the kitchen to the large lanai with floor to ceiling sliders; this unit feels much larger than its sq footage and is laid out perfect for entertaining. The kitchen has plenty of storage, new SS appliances and a stackable full size washer/dryer. The split bedroom floor plan offers you maximum privacy. This unit has tons of storage. The primary ensuite has a walk in closet and bath with shower/tub and dual sinks. The large guest bedroom has a good size closet and is directly adjacent to the bath. The guest bath has dual sinks and tub/shower. At Condo on the Bay you can have it all. . . . enjoy the conveniences of downtown living and the perks of living waterfront. Walk out your front door to jump on your boat or kayak, fish off the dock or lounge at one of our two resort style heated pools. Take a walk or bike to downtown to enjoy our many restaurants, theatres, art galleries, music, festivals, farmers market. . . Next door is the "Bay Park Sarasota" a 53 acre world class park with walking paths, playground, snack bar, music events and a performing arts center. . Behind the building across the canal is the Ritz Carlton/Hyatt yacht basin which is undergoing a transformation into a shopping/entertaining area. 24 hour security is provided and a concierge is on duty everyday from 8-6. Looking to make friends? There are a variety of organized social activities in this friendly community, from yoga, water aerobics, walking groups, card clubs, get togethers on the sky decks for no reason, etc. Underground assigned parking for one vehicle and lots of open parking on top deck. Condo on the Bay is located 4 miles from the airport, 2 miles from Lido Beach and Armands Circle & 6 miles from Siesta beach. All utilities except electric included. If you are looking to buy a home in Sarasota or waiting for your home to be built this is a great location to rent and explore the area. Or just rent long term and not worry about home ownership. Minimum lease 1 year. This condo can be a longer term rental if you are looking for a forever home.
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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 | $3,400 | $3,400 | $3,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $23 | $23 | $29 |
Total Monthly Payment | $98 | $98 | $104 |
* 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.