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Welcome to Island Reef, a fantastic Beach to Bay Luxury Resort-Style Complex on South Siesta Key. This rarely
available first floor condo offers it's owners the ultimate in convenience with easy parking at the front door. Step
out your back glassed lanai to the pool and tennis /pickleball courts, and beautiful courtyard. This 2 bedroom/2
bathroom condo is fully furnished and has been used as a vacation home and part-time rental. There is an open floor
plan with split bedrooms, a glassed lanai, kitchen dinette, inside laundry, and a pass-through kitchen to the Living
and Dining area. Recent updates include luxury vinyl plank through-out, and tile floors in the lanai. New area rugs
and coastal furnishings create a comfortable, easy-care setting. There is ample storage with full-wall closets in
the guest bedroom, a walk-in closet in the Master Bedroom, and a linen and entry closet and large storage room off
the foyer. Amenities at Island Reef are second to none. Enjoy a swim or aerobics class in a choice of 2 heated
pools. The updated clubhouse can be reserved for personal use and is the site of the many social events. Other
amenities include; a game room, library, fitness room, dock, beach frontage, pickleball and tennis courts,
shuffleboard, kayak and bike storage and an active social program. There is an inhouse rental program and on-site
manager. If you want to head to the Siesta Key Beach, the SK Village, and beyond, you can pick up the free Trolley
from the Island Reef Entrance. Walk to Turtles Restaurant or Turtle Beach Park or rent a boat from the nearby
Marina. If you have always wanted to live in Paradise, here is your opportunity at a great price! This unit is SOLD
AS-IS. An assessment related to final repairs from the 2024 storms is expected to be $4000. 00 in 2026.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$550,000
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 |
|
|---|---|---|---|
| Loan Amount | $440,000 | $440,000 | $440,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.112% | 6.132% | 5.396% |
| Monthly Tax Payment | $327 | $327 | $327 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,430 | $2,635 | $3,508 |
| Total Monthly Payment | $2,849 | $3,054 | $3,927 |
* 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.