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Experience luxury living by the waterfront at this modern condo in Sarasota, located within the Ramada by Wyndham. This beautifully appointed retreat features a comfortable king bed, a complete kitchenette, and a patio with stunning water views. Enjoy exclusive access to hotel amenities, including the outdoor pool and the on-site bar and restaurant. Ideally situated just minutes from Siesta Key and Lido Beach, this condo is conveniently located right off the highway near SRQ Airport. You can easily walk to local restaurants, cafes, and shopping, or take a short drive to fishing charters and famous beaches. With high-speed WiFi, a smart TV equipped with cable and streaming services, and coin-operated laundry facilities, this smoke-free condo offers the ideal combination of hotel convenience and vacation rental privacy. The unit includes a retro bar fridge, a microwave, a flat-screen TV, custom drapery, and all necessary linens. Conveniently located just minutes from Sarasota Bradenton International Airport, the property is also close to restaurants, museums, parks, area hospitals, and the stunning, world-famous sugar-sand beaches of Florida’s Gulf Coast. Each residence allows for short or long-term rentals with no minimum leasing restrictions, enabling owners to enjoy their condos as vacation properties throughout the year. The monthly Condo-Hotel HOA fees cover all utilities, including electricity, water, internet, cable, phone, sewer, trash, pest control, exterior maintenance, and care of interior common areas, making your expenses minimal and easy to manage. This unique, income-producing investment opportunity allows you to take advantage of all the amenities Southwest Florida has to provide. The Sarasota Cay Club Condominium Association at the Ramada by Wyndham Sarasota permits year-round rentals, or you can indulge in the resort lifestyle yourself. Hotel amenities include a waterfront restaurant and tiki bar, a heated pool by the water, guest laundry, a fitness center, optional boat dockage, and optional housekeeping services, along with a full-service marina adjoining the property. Bring your boat and enjoy optional monthly or nightly dockage. The Sarasota Cay Club Condominiums sit on beautiful Sarasota Bay, boasting 750 feet of waterfront and just a short boat ride from iconic local waterfront restaurants and beaches, as well as being only minutes from the Gulf of Mexico, which offers some of the best fishing in the country. Dine outdoors while watching the sunset over the water, or enjoy the sight of manatees and dolphins frolicking in the marina. In short, this is Florida living at its finest! This suite is sold fully furnished. The Ramada by Wyndham Sarasota is a top-rated destination hotel featuring 105 hotel units and 78 residential condominiums, spanning 6 acres of tropically landscaped grounds with all the amenities one would expect from a world-class facility.
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$189,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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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 | $151,200 | $151,200 | $151,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.132% | 5.415% |
| Monthly Tax Payment | $147 | $147 | $147 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $859 | $906 | $1,206 |
| Total Monthly Payment | $1,081 | $1,128 | $1,428 |
* 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.