5641 Midnight Pass ROAD, #902, Siesta Key, FL, 34242 | $400,000

*Affordable and Stylish Pet-friendly Siesta Key Beach investment condo for 400k! ** Experience the allure of coastal living at White Sands Village, ideally situated along Midnight Pass Road in stunning Siesta Key! This beautifully furnished one-bedroom condo is just a brief walk from the famous Siesta Key Public Beach, making it a prime location for beach lovers. Unique in its welcoming of well-behaved pets, this condo not only serves as a charming island retreat for you and your family but also stands as a lucrative rental opportunity, perfect for guests wanting to experience the beauty of the island with their furry companions. White Sands Village residents enjoy a suite of amenities that cater to both recreation and relaxation. Facilities include exclusive boat docks available on first come first serve basis, a vibrant community pool, and laundry facilities. The white sandy shores of Siesta Key Beach lie directly opposite the community, offering an iconic beach experience. Just to the north, Siesta Public Beach awaits with its picturesque nature trails, multiple tennis and volleyball courts, pickleball, a children's playground, a community pavilion, and a variety of food concession stands. Also within easy driving distance are the serene Crescent Beach and Turtle Beach.

For those who enjoy dining, shopping, and entertainment, the nearby Siesta Key Village presents local-inspired shops and eateries. Beyond the Siesta Key Village, the cultural vibrancy of downtown Sarasota and the city itself beckons with renowned institutions like the Ringling Museum of Art, Sarasota Opera House, and Van Wezel Performing Arts Hall. White Sands Village is not just a home, but a gateway to a lifestyle of leisure and community, offering both a peaceful retreat and a wise investment in one of the island’s most competitively priced communities.
On site rental manager is availble but not obligatory.

Features

  • Heating: Central
  • Cooling: Central Air
  • Levels: 2
  • Rooms: 5
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: Common Area
  • Complex: WHITE SANDS VILLAGE
  • Year Built: 1975
  • Approx Sq. Feet: 797
  • Est. Taxes: $3,669
  • Condo Fee: $2,260 Quarterly
  • View: Garden
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pet Policy: Cats OK, Dogs OK, Number Limit
  • Appliances: Dishwasher, Disposal, Electric Water Heater, Ice Maker, Microwave, Range, Refrigerator
  • MLS#: A4607096
  • Days on Market: 23 days
  • Website: https://www.raveis.com
    /raveis/A4607096/5641midnightpassroad_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 5/23/2024 11:17:09 AM)

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5641 Midnight Pass ROAD, #902, Siesta Key, FL, 34242

$400,000

Jim Gammello

Broker Associate

William Raveis Real Estate

Phone: 941.699.6283

Jim.Gammello@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 $320,000 $320,000 $320,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.945% 7.159% 6.623%
Monthly Tax Payment $306 $306 $306
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,183 $2,127 $2,766
Total Monthly Payment $2,564 $2,508 $3,147

* 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.