Baydream Believer Condo.
THIS IS CURRENTLY THE ONLY BAYFRONT UNIT FOR SALE AT RUNAWAY BAY
This condo has unabstructed views of the Bay of Sarasota. This newly totally renovated two bedroom/two bath second floor condo is a must see. The condo is being sold as turnkey furnished.
This condo overlooks sweeping views of the bay and each day's sunrises! Right at your stay, enjoy having access to a shared, heated pool, a tennis court, a grilling area, and a fitness center. Resturants and shops are all just a short ride away or take the free trolley which has a stop right in front of Runaway Bay.
Inside, continue to enjoy bay views as you sit in the spacious living room and lanai overlooking the Bay of Sarasota. Follow the effortless nautical decor into the well-equipped kitchen. With its stainless steel appliances and ample meal prep space, this space makes cooking a breeze! The air conditioning system and electric panal were replaced in 2022 and hot water tank in 2024.
This unit currently uses Vacasa for rentals and has the capacity to earn $60, 000 to $70, 000 per year.
Both of the condo's bedrooms feature high-quality linens, private TVs, and cheerful color palettes.
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Our Executive Mortgage Banker:
Our Insurance Division:
$659,000
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 | $527,200 | $527,200 | $527,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.171% | 6.538% |
Monthly Tax Payment | $530 | $530 | $530 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,641 | $3,504 | $4,520 |
Total Monthly Payment | $4,263 | $4,126 | $5,142 |
* 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.