288 ISLAND CIRCLE, Siesta Key, FL, 34242 | $1,400,000

Auction Property. AUCTION - Bidding is currently open and is scheduled to end Wednesday, April 23rd selling at or above the bid price of $1, 400, 000! Renovated waterfront home in the heart of Siesta Key on Palm Island is hugely under appraised value with a prior list price of $2, 700, 000! Preview the house on Tuesday, April 22nd from 11 am-2 pm. Short walk to famous Siesta Beach or boat from your canal (with dock and 10, 000 lb lift) to the Intracoastal and Gulf. This 3 bedroom, 3 1/2 bath features an open floor plan with gourmet kitchen, high-end appliances, "exotic" granite countertops, a luxurious owner's suite with dual ensuite bathrooms, private-entry guest suite with kitchenette, and an outdoor kitchen with grill and side burner. Additional features include hickory wood floors throughout, a central propane tank, "Old Chicago Brick" driveway and walkways, a new 2-car garage, hurricane rated windows and doors. Agent is not engaging in auctioneering activities. Contact agent or Interluxe on line for full terms and conditions of the sale and to schedule an appointment to preview the home.

Features

  • Rooms: 6
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Lot Size: 74 x 137 x 60 x 137
  • Laundry: Inside
  • Style: Cottage
  • Year Built: 1952
  • Garage: 2-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,736
  • Acreage: 0.15
  • Lot Size: 74 x 137 x 60 x 137
  • Est. Taxes: $7,734
  • Lot Desc: Flood Insurance Required, FloodZone, In County
  • View: Water
  • Appliances: Dishwasher, Disposal, Electric Water Heater, Ice Maker, Microwave, Range, Refrigerator
  • MLS#: A4643350
  • Days on Market: 49 days
  • Website: https://www.raveis.com
    /eprop/A4643350/288islandcircle_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 5/10/2025 3:56:12 AM)
Listing courtesy of BILLIB & BILLIB P A   Phone: 941-302-3600

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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

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288 ISLAND CIRCLE, Siesta Key, FL, 34242

$1,400,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,120,000 $1,120,000 $1,120,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.625% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.861% 6.751% 6.666%
Monthly Tax Payment $645 $645 $645
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,805 $7,171 $9,756
Total Monthly Payment $7,574 $7,940 $10,525

* 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.