1132 Crescent STREET, Siesta Key, FL, 34242 | $1,299,900

Prime investment opportunity in an unbeatable location! Just steps from the world-renowned Siesta Key Beach, this property is zoned for residential multi-family and offers fantastic short-term rental potential, 7 days minimum. Build a brand-new, high-income duplex for a steady year-round revenue stream. The current house had extensive flood damage, it is a tear down. County approval is in place to construct a new duplex, and the existing home already functions as a duplex with individual electrical panels and two separate lanais.
The oversized pool adds tremendous value, a new pool motor was installed. The fully fenced backyard provides the perfect retreat with ample privacy. The two spacious driveways can accommodate up to 10 vehicles, and the paved backyard is ideal for entertaining. Siesta Key boasts a thriving vacation rental market as the #1 ranked beach in the U. S. Plus, the Siesta Key Breeze Trolley—a free ride service—has a convenient stop right at the next house.
This is the most affordably priced multi-family lot on the Key—don’t miss out on this incredible opportunity!

Features

  • Lot Size: 70' x 124.6'
  • Lot Desc: Near Public Transit
  • View: Pool
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pet Policy: Yes
  • MLS#: A4628101
  • Days on Market: 4 days
  • Website: https://www.raveis.com
    /prop/A4628101/1132crescentstreet_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 11/14/2024 1:40:34 AM)
Listing courtesy of OFFERMATE REAL ESTATE   Phone: 954-939-8164

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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
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Yokadi MejiaInsurance Sales Director, William Raveis Insurance

561.335.7966

Yokadi.Mejia@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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1132 Crescent STREET, Siesta Key, FL, 34242

$1,299,900

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 $1,039,920 $1,039,920 $1,039,920
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.250% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.321% 6.360% 6.956%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,745 $6,403 $9,202
Total Monthly Payment $6,870 $6,528 $9,327

* 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.