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One or more photo(s) has been virtually staged. A true SIESTA KEY DIAMOND IN THE ROUGH, this rare waterfront residence offers what may be the most breathtaking Sarasota Bay intracoastal view in the entire Bay Oaks community—a view that feels endless, cinematic, and utterly transformative. Positioned directly on the water, this second-floor, two-level, two-bedroom, two-and-a-half-bath condo is a blank canvas waiting for someone with vision to unlock its full potential and create something truly extraordinary. Once reimagined, this home could be an absolute showstopper, whether as a deeply personal coastal retreat or a high-performing investment with weekly rentals permitted. The main living level features the living room, dining area, kitchen, in-unit laundry, and a convenient half bath for guests, while both generously sized bedrooms are located upstairs, each with private ensuite baths and large walk-in closets. One of the primary suites opens to a private, open-air covered balcony that faces directly over the bay—an intimate perch for morning coffee, sunrise reflections, and quiet moments where the water becomes part of daily life. Build-out renderings have been thoughtfully created to help visualize just how breathtaking this residence could become once updated. Bay Oaks itself enhances the lifestyle with a heated bayside pool, private fishing pier, waterfront picnic and BBQ areas, tennis and pickleball court, clubhouse with kitchen, pool table, and library, assigned covered parking, guest parking, covered bike storage, onsite management, and 24-hour video surveillance. Nestled on the bayside of world-famous Siesta Key, the community is surrounded by lush tropical landscaping, majestic live oaks, and swaying palms, with direct access to Sarasota Bay for kayaking, fishing, or simply soaking in the sunrise. The powdery white sands of America’s #1 Beach are just one mile away, and the free Siesta Key trolley stops directly outside the community. Upcoming community improvements—already paid for—include parking lot resurfacing, renovated carports following the 2026 season, and new pool furniture. This is an opportunity to fall in love not just with what this property is today, but with what it has the power to become—a waterfront home where vision meets view, and where the Florida lifestyle unfolds beautifully over the bay.
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
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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 | $479,200 | $479,200 | $479,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.209% | 6.178% | 5.541% |
| Monthly Tax Payment | $252 | $252 | $252 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,721 | $2,873 | $3,852 |
| Total Monthly Payment | $3,065 | $3,217 | $4,196 |
* 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.