One or more photo(s) has been virtually staged. Opportunity! Price drastically reduced. This spacious fifth-floor condominium in the waterfront complex Hidden Bay in Osprey offers beautiful views over Little Sarasota Bay and the Intracoastal Waterway. This end unit offers one of the largest floor plans in the community with three full bardooms and bathrooms. Abundance of light and water views. The screened- and glassed-in balcony has sliding doors from the living room and primary bedroom. The kitchen has stainless steel appliances, breakfast bar, dining area, granite countertops, and plenty of cabinetry. All the interior walls have just been repainted. AC from 2021. This unit comes with a private garage with space for two cars and plenty of storage.
Hidden Bay has a newly renovated clubhouse featuring a kitchen with countertop seating, a fully stocked reading library, a professional fitness room, an entertainment and media area, and a dining room. The clubhouse has a resort-style outdoor area with a heated pool and spa, and an expansive sundeck and a grass-thatched tiki bar with grilling stations. One lit tennis court, two lit pickleball courts, with a kayak launch and a 500-yard, elevated wooden boardwalk that meanders through lush mangrove and palm fields to a fishing pier that provides breathtaking sunsets and excellent fishing. An amazing location with nearby restaurants and shopping. Bike the Legacy Trail which offers 18 miles of bicycling and walking. The beaches are close, eight miles to Siesta Key the #1 beach, and four miles to Nokomis Beach. A quick drive to downtown Sarasota and downtown Venice for restaurants and the performing arts including ballet, opera, and more.
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Our Executive Mortgage Banker:
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$699,000
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 | $559,200 | $559,200 | $559,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.171% | 6.538% |
Monthly Tax Payment | $590 | $590 | $590 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,815 | $3,717 | $4,795 |
Total Monthly Payment | $4,497 | $4,399 | $5,477 |
* 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.