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Nestled in the sought-after MIDNIGHT COVE community on the beachside of Siesta Key, this charming condominium offers the perfect blend of beachfront living and modern convenience. BEST NEWS OF ALL - - NO HURRICANE DAMAGE, WATER OR SAND IN THIS UNIT! Located at 6342 Midnight Pass Road, this unit is part of a gulf-to-bay property renowned for its prime location just steps from the powdery sugar sand of Crescent Beach. Featuring 2 bedrooms and 2 bathrooms, this ground level condominium offers direct access to the pool and beachfront from the spacious glassed-in lanai. Enjoy ground level, direct pool access (anticipated to be open this summer) and partial views of the Gulf of Mexico. The property also features a bright living and dining area, a kitchen with a breakfast bar, in unit washer/dryer and a master suite with updated ensuite bathroom. Additionally, there is a 2nd bedroom and 2nd bathroom with convenient access from the living area The condo is designed for low-maintenance, casual living, with access to resort-style amenities including two community pools, tennis courts, private beach access, boat dockage, a fitness room, and barbecue areas—all within a gated, maintenance-free environment. Interested in renting your property? Midnight Cove has a fabulous, well managed onsite rental office for complete care of your property and rental guests. Many guests return year after year which makes this a rare opportunity to invest in one of Florida’s most desirable locations on one of the top beaches in the world. Midnight Cove’s location is unbeatable—just minutes from Siesta Key Village, where you’ll find boutique shops, fine dining, and vibrant nightlife. The property is also conveniently located 20 minutes from Sarasota-Bradenton International Airport and an hour from Tampa International Airport, making it an ideal primary residence, vacation home, or investment property with strong rental potential. Seize the opportunity to own and/or vacation in paradise! RENTAL HISTORY IS AVAILABLE! LOOKING FOR A 1031 EXCHANGE PROPERTY? CHECK IT OUT!.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,129,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $903,200 | $903,200 | $903,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.811% | 6.727% | 6.560% |
Monthly Tax Payment | $940 | $940 | $940 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,415 | $5,783 | $7,806 |
Total Monthly Payment | $6,480 | $6,848 | $8,871 |
* 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.