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Tremendous value for this 4th floor condo for sale at the Excelsior Beach to Bay Complex! Coveted for its soaring ceilings and the opportunity to add a bona fide 3rd bedroom, you can redesign this bayside penthouse into a luxurious home/home away from home. Take your time as there have been updates, it's in great condition and quite lovely as is. This particular unit faces south and is filled with lots natural light plus the added benefit of clerestory windows. AC and water heater replaced in 2025. A pre-listing home inspection was conducted for your peace of mind and is available for review. There have been some compelling upgrades over the years including granite countertops, stainless appliances flooring, carpeting and so forth. The condo has not only been owned by the same family since construction if is also smoke free, pet free, never rented, and has been extremely well maintained. The screened in lanai overlooks the grounds however could be enclosed if you like. Each condo comes with assigned underbuilding parking as well as an additional parking for one other car under the carports. There is also a locked storage locker for your toys and seasonals. Absolutely the best value and opportunity at the Excelsior and perhaps on Siesta Key itself.
The Excelsior is rich with amenities: Two Large Heated Swimming Pools, Poolside Restrooms / Hot Water Showers, Two Hot tubs, Tennis Courts, Pickle Ball Courts, Fitness Center, Gulf side Sun Deck, Beach Lounge Chairs, Outdoor Grills, Intercoastal Fishing Pier, Community Room and monthly community events, Library, and catering kitchen. Walk to Shopping, Dining, Bike & Boat Rentals
This ideal location has direct and deeded beach access to Siesta Beach, renowned for its quartz sand known for staying cool in the summer and feeling like talcum underfoot. Easy on and off the key access at the south Stickney Point Bridge. The increasingly popular Gulf Gate neighborhood is just over the bridge offering a wide variety of eclectic restaurants, grocers, pubs, and shops.
A remarkable opportunity with these features and at this price which doesn't come around very often.
Please note that some of the grounds photos were taken prior to last year's storms. Landscaping restoration is in process.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $514,400 | $514,400 | $514,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.533% | 5.794% |
| Monthly Tax Payment | $529 | $529 | $529 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,043 | $3,209 | $4,203 |
| Total Monthly Payment | $3,664 | $3,830 | $4,824 |
* 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.