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Welcome to 7218 Cloister Drive, a charming ground-floor 2 bedroom, 2 bathroom condo ideally located just 12 minutes from the nation’s number one beach, Siesta Key.
This well-maintained home offers an effortless blend of comfort and convenience. Inside, you’ll find two spacious bedrooms, two full baths, and an open living and dining space that flows beautifully to your private outdoor areas.
Enjoy your morning coffee on the front patio, and unwind in the fully enclosed back lanai, complete with retractable shades and tranquil pond views. The extended lanai runs the full width of the home and opens onto a manicured green lawn, perfect for lounging or entertaining with a view.
A short walk from your front door brings you to the community pool, where you can soak up the Florida sunshine or take a refreshing dip on warm days.
The community’s layout and lush landscaping offer a peaceful, residential feel while keeping you close to shopping, dining, and all that Sarasota has to give.
Whether you’re searching for a year-round residence or a winter escape, this move-in-ready condo is a must-see. Schedule a tour today!
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$260,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $208,000 | $208,000 | $208,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.990% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.095% | 7.141% | 6.152% |
Monthly Tax Payment | $170 | $170 | $170 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,315 | $1,382 | $1,741 |
Total Monthly Payment | $1,560 | $1,627 | $1,986 |
* 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.