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8767 MIDNIGHT PASS ROAD, #403F, Siesta Key, FL, 34242 | $680,000
LUCRATIVE RENTAL INCOME OPPORTUNITY at this rare BEACH-TO-BAY COMMUNITY. Experience the Best of Siesta Key at Island Reef while your investment pays for itself and puts extra income in the bank.
This beautifully renovated 4th-floor condo offers views of Little Sarasota Bay and the Intracoastal Waterway. Move-in ready and tastefully furnished, this unit is perfect for personal enjoyment and / or rental income (MONTHLY RENTALS ALLOWED - SEE ATTACHED INCOME ANALYSIS).
The modern kitchen features granite countertops, white cabinetry, and seamlessly integrated clothes washer and dryer. The enclosed lanai, with sliding windows, provides a serene space to relax and take in the picturesque bay views. The spacious owner’s suite includes a generous walk-in closet. There is an additional spacious bedroom with an extra large closet and this unit has as separate owner’s closet to lock away personal belongings when rental guests arrive.
Island Reef is a sought-after Gulf-to-Bay community with an array of resort-style amenities, including private beach access, TWO heated pools, tennis and PICKLEBAL courts, a fitness center, clubhouse, grilling patios, shuffleboard, a pool table, video game room, library, and a vibrant social calendar including regular men's and women's golf outings. Boat docks are available on a first-come, first-served basis and the community allows you to INSTALL A BOAT LIFT in your BOAT SLIP.
Conveniently located, Island Reef is also just a short walk from three local restaurants, a full service marina with boat storage, boat rentals, and Turtle Beach playground. Plus, the FREE Siesta Key TROLLEY stops right at Island Reef, offering a hassle-free ride to Siesta Beach, Siesta Village, and all the attractions along Midnight Pass Road.
Paradise found. ALL SPECIAL ASSESSMENTS ARE PAID. So, what are you waiting for? MIC DROP…Schedule your private showing today!
Features
- Elevator: Y
- Heating: Central
- Cooling: Central Air
- Levels: 5
- Amenities: Clubhouse, Elevator(s), Fitness Center, Maintenance, Pickleball Court(s), Pool, Recreation Facilities, Security, Shuffleboard Court, Spa/Hot Tub, Tennis Court(s)
- Rooms: 4
- Bedrooms: 2
- Baths: 2 full
- Laundry: Inside, Laundry Closet
- Complex: ISLAND REEF II PH 1 2 & 3
- Year Built: 1979
- Approx Sq. Feet: 1,303
- Acreage: 6.31
- Est. Taxes: $5,740
- Condo Fee: $3,000 Quarterly
- View: Water
- Pool: Gunite, Heated, In Ground
- Pet Policy: Yes
- Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
- MLS#: A4644284
- Days on Market: 60 days
- Website: https://www.raveis.com
/prop/A4644284/8767midnightpassroad_siestakey_fl?source=qrflyer
Listing courtesy of OCEANS GLOBAL REALTY, LLC Phone: 941-444-5444
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
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
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
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
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
8767 MIDNIGHT PASS ROAD, #403F, Siesta Key, FL, 34242
$680,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $544,000 | $544,000 | $544,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.058% | 7.063% | 6.132% |
| Monthly Tax Payment | $478 | $478 | $478 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,438 | $3,574 | $4,554 |
| Total Monthly Payment | $4,008 | $4,144 | $5,124 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388