AVAILABLE MAY 2025 - In the heart of Downtown Sarasota in a gated community on Palm Avenue you will find this ANNUAL RENTAL UNFURNISHED OR PARTIAL FURNISHED WITH INCREASED MONTHLY RATE - pristine 3/2 condominium newly renovated on the 4th floor with both front and back balconies with views of the Bay and overlooking the bridge that leads to St Armands Circle and Lido Beach with views of Siesta Key. The foyer is Spanish tile with a tri-color accent wall, shadow box chair rail and barn door for closet. There are hardwood floors throughout the unit. The front room is a bedroom/den with a Murphy desk/bed. The kitchen offers a large 6x6 island with seating for six, stainless steel appliances, tile backsplash and recessed lighting. For those cool evenings you will be able to enjoy the electric fireplace which is surrounded by tile in your family room. Off the family room you will find doors leading to the large back porch (20x15) which overlooks the bay with beautiful expansive views of Sarasota and providing beautiful sunsets to savor. The large master bedroom which has views of the Bay and doors leading to the back patio has all original hardware for the closet doors and ceiling fan. The master bathroom has a new vanity and lighted mirror with Spanish tile backsplash in the bath. The other bedroom has an olive accent wall with ceiling fan and Nantucket closet doors. For additional storage you will have access to your private storage area located on the 1st floor. For relaxation you can soak in the heated community pool and enjoy the outside grill. Step outside and you are within 1/4 mile of the heart of downtown Sarasota, walking distance to fine dining, shopping, Opera House, Sarasota Library, Marina Jack Bay area, theatres, and many other entertainment options. Short driving distance to all the beaches including Lido Beach and Siesta Key and Longboat Key. Come, make this your home, and relax with your private spectacular sunsets right outside your door. Rent includes water and basic cable.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,500
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 | $3,600 | $3,600 | $3,600 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $24 | $24 | $30 |
Total Monthly Payment | $99 | $99 | $105 |
* 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.