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Welcome to the only 4th floor/Penthouse condo for sale at the Excelsior Bayside Complex. Coveted for its soaring ceilings and the opportunity to add a 3rd bedroom, years can pass without one becoming available, This particular unit faces south and is filled with natural light throughout the year. New AC and water heater in 2025. A pre-listing home inspection conducted for your peace of mind and is available for review. There have been some upgrades over the years and the condo has been owned by the same family since construction. There have never been any smokers nor has it ever been rented. The screened in lanai overlooks the grounds and has a bird's eye view of the bay. Each condo comes with assigned underbuilding parking and locked storage for your toys and seasonals.
The Excelsior is amenity rich, including: Two Large Heated Swimming Pools, Poolside Restrooms / Hot Water Showers, Shuffleboard, Two Heated Hot tubs, Two Lighted Tennis Courts, Two Pickle Ball Courts, Fitness Center, Gulfside Sun Deck, Beach Lounge Chairs, Outdoor Grills, , Intercoastal Fishing Pier, Community Room and monthly community events, Library, and catering kitchen. Walk to Shopping, Dining, Bike & Boat Rentals
This ideal location on the key has direct and deeded beach access to Siesta Beach, renowned for its quartz sand which stays cool in the summer and is always smooth underfoot. Easy on and off the key access at the south Stickney Point Bridge. The increasingly popular Gulf Gate neighborhood is just over the bridge offering a wide variety of eclectic restaurants, grocers, pubs, and shops.
A remarkable opportunity with these features and at this price which doesn't come around very often. Priced lower than any other unit as seller is moving to Naples and looking for quick sale.
Please note that many of the grounds photos were taken prior to last year's storms. Landscaping restoration is still in process.
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Our Executive Mortgage Banker:
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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 | $551,440 | $551,440 | $551,440 |
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 | 7.083% | 7.063% | 6.152% |
Monthly Tax Payment | $529 | $529 | $529 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,485 | $3,623 | $4,616 |
Total Monthly Payment | $4,106 | $4,244 | $5,237 |
* 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.