4939 Commonwealth DRIVE, Siesta Key, FL, 34242 | $1,295,000

Under contract-accepting backup offers. Below Market Value, Motivated Seller ! This Unique Coastal Contemporary is completely updated in a highly desirable community on Siesta Key just minutes to the famous Siesta Key Beach! If you are seeking a second home, a rental investment opportunity or multigenerational living with an in-law suite this is it! The upstairs includes 2bd/2 baths with incredibly spacious living and the first floor features a 1bd/1 bath with living area/studio. Soaring ceilings and natural light make this coastal home so inviting. The exterior travertine marble staircase with sidelights leading to the front door is the first indication of how perfectly planned this renovation was. There was no expense spared with the designer interior finishes as you enter this expansive open floor plan with LVT floors throughout. The kitchen was so well tailored for entertaining with a 10' natural quartzite island with waterfalls and composite sink. The high end Schuster Modico cabinetry is complimented by the Stainless appliances including a Fisher Paykel refrigerator and a GE Profile induction range with convection oven and microwave drawer. Retire to the master suite that will wow you with its size and walk in closet with built-ins. The master bath features gorgeous tile and quartz finishes, dual vanities and a free standing tub and separate shower. The secondary bedroom is spacious as well with plentiful closet space and a fully remodeled bath with quartz finishes. The laundry facility includes brand new stacked washer/dryer and cleverly created storage space. As you venture to the outdoors you can enjoy the cool ocean breezes from the upstairs patio off the living room and master bedroom made of trek decking. You will love the oversized pool cage and as you meander down to the pool / lanai you will be captivated by the beautiful natural travertine marble pavers and plentiful covered area to relax or entertain. The resort style pool with coastal tiles will lure you in to cool off on those hot summer days but enjoy the heated pool on those cool winter nights! You will love the privacy as you are surrounded by tropical landscaping with a fully fenced backyard and maintenance free living at its best ! This is practically a new home with all the numerous updates including, new roof, new electrical and plumbing, new AC, new pool heater, all new appliances, interior and exterior painting with new hardiboard siding, all new LED lighting throughout with windows shades to filter the sunlight. Even the garage is impressive with an epoxy floor and slat board walls. Come enjoy the Florida lifestyle, basically maintenance free living and everything Siesta Key has to offer. Minutes to the Village with restaurants, shopping and the World renowned Siesta Key Beach!

Features

  • Rooms: 8
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Laundry Room
  • Style: Coastal, Contemporary, Elevated, Key West
  • Year Built: 1982
  • Garage: 1-car Driveway, Garage Door Opener
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,896
  • Acreage: 0.13
  • Est. Taxes: $6,973
  • Lot Desc: FloodZone
  • View: Trees/Woods
  • Pool: Heated, In Ground, Screen Enclosure
  • Appliances: Cooktop, Dishwasher, Dryer, Range, Range Hood, Refrigerator, Washer
  • MLS#: A4597800
  • Days on Market: 236 days
  • Website: https://www.raveis.com
    /eprop/A4597800/4939commonwealthdrive_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 11/24/2024 12:47:09 PM)
Listing courtesy of COLDWELL BANKER REALTY   Phone: 941-349-4411

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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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4939 Commonwealth DRIVE, Siesta Key, FL, 34242

$1,295,000

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 $1,036,000 $1,036,000 $1,036,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.762% 6.036%
Monthly Tax Payment $581 $581 $581
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,634 $6,634 $9,096
Total Monthly Payment $7,340 $7,340 $9,802

* 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.