6518 Midnight Pass ROAD, #502, Siesta Key, FL, 34242 | $1,039,000

Discover an upscale casual beachside living experience in this fabulous, renovated two-bedroom, two-bath turnkey furnished Siesta Key condominium on the world-famous white sands of Siesta Beach. Offering a partial gulf view, this fifth-floor unit has been completely remodeled. Owned by the same family for over 46 years, their pride in ownership is evident. The living room and dining room have been tastefully furnished, creating a fresh, modern ambiance and a comfortable, relaxing space. The unit is equipped with HD Smart televisions in the living room and both bedrooms, allowing you to access your favorite streaming services. The well-planned kitchen features new cabinets, quartz countertops, subway tile backsplash and new appliances. The modern design makes it a delight for any cooking enthusiast and is stocked with every accessory needed for your culinary endeavors. Both bathrooms have been artfully remodeled featuring spectacular quartz countertops and subway tiled showers. The updated fixtures, elegant design and meticulous attention to detail ensure a luxurious and relaxing spa-like experience after a day at the beach. Both bedrooms have been carefully designed to create a tranquil atmosphere, allowing you to unwind and recharge. Featuring new furnishings, the primary bedroom provides a king-size bed, while the guest bedroom is newly furnished with twin beds. The recently installed central air conditioning system lets you stay cool and comfortable on warm days. For your convenience, an in-unit, full-sized washer and dryer is in the entry closet. Freshly painted with a new ceiling texture, and impact windows have been installed, making it a safe, pleasant and peaceful environment. This residence offers an upscale and comfortable beachside living experience with attention to detail, modern amenities, and thoughtful upgrades creating an inviting and memorable vacation retreat. A popular vacation community, House of the Sun offers a range of amenities for residents to enjoy. Beachfront tennis and pickleball courts allow you to enjoy a friendly game while savoring the stunning beach views. The pool provides a refreshing retreat, and the community recreation center offers additional space for relaxation and socializing. The complex provides a barbecue area for outdoor dining and gathering, where you can prepare delicious grilled meals and dine alfresco overlooking the beach and the azure waters. Best of all, two fabulous sun decks are available for sunbathing or marveling at the captivating blazing sunsets each evening over the Gulf of Mexico. It’s a pet-friendly complex for owners. One of the unique features of the complex is its convenient under-cover parking garage with easy access to your floor by elevator. For owners interested in renting, the liberal seven-night minimum rental policy maximizes rental potential with an active, outstanding onsite manager and rental program. In 2022, gross rents were $65, 000. And 2023 bookings are on track to potentially gross $75, 000-$80, 000. House of the Sun offers an ideal location on Siesta Beach and is just a short distance from the south village, where you'll find a diverse selection of restaurants, entertainment and shopping options. It’s minutes over the bridge to mainland Sarasota’s shopping, restaurants, entertainment and cultural amenities.

Features

  • Elevator: Y
  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 5
  • Amenities: Elevator(s), Pool, Recreation Facilities, Vehicle Restrictions
  • Rooms: 7
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Inside, Laundry Closet
  • Complex: HOUSE OF THE SUN
  • Year Built: 1975
  • Common Charge: $1,500 Monthly
  • Approx Sq. Feet: 1,215
  • Est. Taxes: $10,055
  • Lot Desc: In County, Landscaped, Level
  • View: Water
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pet Policy: Breed Restrictions, Yes
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4575572
  • Days on Market: 231 days
  • Website: https://www.raveis.com
    /prop/A4575572/6518midnightpassroad_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 5/16/2024 9:32:09 PM)
Listing courtesy of PREMIER SOTHEBYS INTL REALTY   Phone: 941-364-4000

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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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6518 Midnight Pass ROAD, #502, Siesta Key, FL, 34242

$1,039,000

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 $831,200 $831,200 $831,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.875% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.851% 6.989% 6.936%
Monthly Tax Payment $838 $838 $838
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,600 $5,460 $7,355
Total Monthly Payment $6,563 $6,423 $8,318

* 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.