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Don’t miss this beautifully updated and spacious condominium in Bay Oaks, a charming bayfront community nestled on world-renowned Siesta Key. Ideally located just a short distance to beach access points, with free trolley service to Siesta Key Village and the #1 beach in the country on the Gulf of Mexico. This well-designed unit features two large master suites with walk-in closets and private baths, a convenient first-floor powder room, and plenty of storage including an outside storage unit and assigned covered parking space. Enjoy three private outdoor lanai spaces—perfect for relaxing or entertaining. Condo is being sold turnkey furnished, minus a few personal items, so you can move right in or start generating rental income immediately. Bay Oaks is set among lush, mature landscaping and offers outstanding amenities including a fishing pier on the Intracoastal Waterway, heated pool, tennis court, clubhouse, recreation room, BBQ grills, and picnic areas. Weekly rentals are allowed, offering excellent income potential, and an onsite rental office provides added convenience. Milestone inspection, structural integrity reserve study, and reserves are complete—no outstanding special assessments. Perfect as a full-time residence, vacation getaway, or income-producing investment on beautiful Siesta Key!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$549,000
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 | $439,200 | $439,200 | $439,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.933% |
| Monthly Tax Payment | $408 | $408 | $408 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,633 | $2,740 | $3,647 |
| Total Monthly Payment | $3,133 | $3,240 | $4,147 |
* 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.