1640 Summerhouse LANE, #31, Siesta Key, FL, 34242 | $1,475,000

SIGNIFICANT PRICE IMPROVEMENT! This beautiful condo will not disappoint. Welcome to paradise found at Summer Cove nestled along the pristine gulf barrier island of Siesta Key. It is one of the premier amenity-rich communities on the island with an amazing history of how it came into being. Enter the property through the secured gates onto the 3. 5-acre lust tropical setting. Formerly home to the famous and well-loved "Summerhouse" restaurant designed by world-renowned architect Carl Abbott, this landmark building is listed in the historic registry of Sarasota and was converted into an amazing clubhouse with a fully equipped fitness center, pool room, large gathering room for residents, full kitchen and media lounge. This is a one-of-a-kind opportunity to own a condo that redefines luxury and offers an unparalleled outdoor experience with PRIVATE BEACH ACCESS through Peppertree Club. From the secure lobby entrance, your PRIVATE ELEVATOR delivers you to your entrance foyer and directly into this light and bright exquisitely appointed open living space with beautiful tile flooring and 9 ft. ceilings, a well-designed gourmet kitchen including custom wood cabinetry, granite counters and stainless-steel appliances. The open floor plan with tray ceilings may be configured in a multitude of ways to suit your living requirements. This third-floor END UNIT affords panoramic views from TWO EXPANSIVE BALCONIES enabling you to enjoy both sunrise with that first cup of coffee and sunsets with that glass of wine each and every day, providing the perfect setting for alfresco dining and lazy afternoons relaxing reading a book. The owner's suite has a sliding glass door to the balcony with his and her custom closets and beautiful ensuite bathroom with large walk-in shower and built-in storage cabinets. The first guest bedroom has an ensuite bath access for privacy if the third bedroom is not in use. The resort-style pool and spa with a grilling area overlook the Intracoastal Waterway and beyond. There is also kayak, paddleboard and canoe storage with launch area available. One assigned premium parking space with private storage cage in the secure garage is includes with an additional parking space outside. A pet friendly community, two pets are permitted with no weight limit. Enjoy the convenience and peace of mind of maintenance free living. Siesta Key restaurants and shopping are just minutes away and it's just a short drive to enjoy downtown Sarasota's cultural and urban amenities which include world class museums, opera, ballet, symphony, theatre, shopping and dining. Schedule a private showing today.

Features

  • Elevator: Y
  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 6
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 2 full / 1 half
  • Laundry: Inside, Laundry Room
  • Complex: SUMMER COVE ON SIESTA
  • Year Built: 2007
  • Approx Sq. Feet: 2,166
  • Est. Taxes: $9,295
  • Condo Fee: $8,013 Quarterly
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer, Water Purifier
  • MLS#: A4600144
  • Days on Market: 102 days
  • Website: https://www.raveis.com
    /prop/A4600144/1640summerhouselane_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 5/31/2024 10:17:11 PM)

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NMLS Mortgage Loan Originator ID 38342

978.314.1072

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1640 Summerhouse LANE, #31, Siesta Key, FL, 34242

$1,475,000

Maria Vecchio

Personal Assistant

William Raveis Real Estate

Phone: 978.502.9798

Maria.Vecchio@raveis.com

Joanne O'Keefe

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 978.314.1072

Joanne.OKeefe@raveis.com

NMLS Mortgage Loan Originator ID 38342

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,180,000 $1,180,000 $1,180,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 7.000% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.851% 7.128% 7.061%
Monthly Tax Payment $775 $775 $775
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,950 $7,851 $10,524
Total Monthly Payment $8,850 $8,751 $11,424

* 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.