1089 Lake House CIRCLE, #C-204, Siesta Key, FL, 34242 | $775,000

One or more photo(s) has been virtually staged. Welcome to paradise! This updated, sun-soaked condo is located in the heart of Siesta Key, directly across the street from world famous Siesta Key Beach. It's the perfect place for a beach escape and investment property, with rental projections of $58k. This 2 bedroom condo is light, bright and spacious thanks to tall ceilings, 4 sets of sliding glass doors, and wall-to-wall balconies on either end. The large kitchen features granite countertops, stainless steel appliances, plenty of prep space and a pass-through window to the dining area. The condo has its own washer and dryer, brand new carpet throughout and fresh interior paint. Downstairs, the oversized 1 car garage has plenty of additional storage for your beach gear, bikes, paddleboards, golf clubs and other toys. INVESTORS - this condo makes a great rental property thanks to flexible lease terms. You can cover your costs by renting it just part of the year, using Our House at the Beach's own short-term rental program or a 3rd party property manager, and use it yourself the rest of the year for free! Ask for a copy of the rental PRO FORMA with detailed rental income projections. Residents and guests enjoy access to the heated community pool, tennis courts, BBQ grills and pavilion. Cable TV, water and sewer are included in the HOA fee. This is as centrally located on Siesta Key as you can get, and with your own garage you'll never have to worry about beach parking again. Just put your chairs and cooler in your beach cart and go enjoy the sunset!

Features

  • Heating: Central
  • Cooling: Central Air
  • Levels: 2
  • Amenities: Cable TV, Pool, Tennis Court(s)
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: In Kitchen, Inside
  • Complex: OUR HOUSE AT THE BEACH
  • Year Built: 1981
  • Common Charge: $3,744 Quarterly
  • Approx Sq. Feet: 1,352
  • Acreage: 4.63
  • Est. Taxes: $8,027
  • View: Tennis Court
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pet Policy: Cats OK, Dogs OK, Number Limit, Size Limit
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: A4597581
  • Days on Market: 103 days
  • Website: https://www.raveis.com
    /prop/A4597581/1089lakehousecircle_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 5/20/2024 11:40:15 PM)
Listing courtesy of COLDWELL BANKER REALTY   Phone: 941-349-4411

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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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1089 Lake House CIRCLE, #C-204, Siesta Key, FL, 34242

$775,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $620,000 $620,000 $620,000
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% 7.159% 6.538%
Monthly Tax Payment $669 $669 $669
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,229 $4,121 $5,316
Total Monthly Payment $4,990 $4,882 $6,077

* 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.