5322 Cape Leyte DRIVE, Siesta Key, FL, 34242 | $1,390,000

Under contract-accepting backup offers. **SUBSTANTIAL PRICE IMPROVEMENT** Nestled in the heart of picturesque Siesta Key, this stunning turnkey 3-bedroom, 3-bathroom single-family home offers the perfect blend of luxury, comfort, and convenience. As you step inside, you're greeted by an expansive open concept living area, complete with vaulted ceilings that enhance the sense of space and elegance. Natural light floods through large windows, creating a warm and welcoming atmosphere that is perfect for both relaxation and entertaining. The home boasts a spacious primary suite, designed for ultimate comfort and privacy, featuring an en-suite bathroom that promises a tranquil retreat from the hustle and bustle of daily life. A second bedroom also includes an en-suite, offering guests or family members their own private space. The kitchen opens seamlessly to the living and dining areas, ensuring that whether you're cooking up a storm or hosting a gathering, you're always part of the action. With ample storage, and sleek countertops make this kitchen a chef's dream. Step outside to the backyard oasis, where a sparkling pool awaits, complete with a mesmerizing water feature that adds a touch of serenity. The pool area is the perfect spot for soaking up the Florida sun, hosting barbecues, or simply enjoying a quiet evening under the stars. For those who require a bit more space, the oversized two-car garage offers ample room for vehicles and storage, ensuring that your space remains clutter-free. Situated just a 1/4 of a mile from the world-renowned Siesta Key Beach, this home places you minutes away from pristine white sand beaches and crystal-clear waters. The Village of Siesta Key, with its charming shops, restaurants, and entertainment options, is only 3/4 of a mile away, making it easy to enjoy the best of what Siesta Key has to offer. This property is not only a luxurious residence but also a proven investment, boasting a great rental history. Whether you're looking for a permanent home, a vacation getaway, or a lucrative rental property, this home on Siesta Key offers it all.

Features

  • Rooms: 6
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Inside, Laundry Closet
  • Year Built: 1964
  • Garage: 2-car Oversized
  • Heating: Central, Zoned
  • Cooling: Central Air, Zoned
  • Approx Sq. Feet: 1,995
  • Acreage: 0.31
  • Est. Taxes: $12,758
  • HOA Fee: $150 Annually
  • Lot Desc: FloodZone, Landscaped, Private
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pool: Gunite, Heated, In Ground, Lighting, Screen Enclosure
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Refrigerator, Washer
  • MLS#: A4601948
  • Days on Market: 50 days
  • Website: https://www.raveis.com
    /eprop/A4601948/5322capeleytedrive_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 5/21/2024 1:02:54 PM)
Listing courtesy of COLDWELL BANKER SARASOTA CENT.   Phone: 941-487-5600

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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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5322 Cape Leyte DRIVE, Siesta Key, FL, 34242

$1,390,000

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 $1,112,000 $1,112,000 $1,112,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.875% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.903% 7.014% 7.041%
Monthly Tax Payment $1,063 $1,063 $1,063
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,586 $7,305 $9,917
Total Monthly Payment $8,774 $8,493 $11,105

* 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.