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Rare opportunity to own a Lido Key penthouse in the recently renovated Key Towers South, a sought after beachside condominium offering the epitome of island living. The 2025 structural renovation gives the building the feel of a brand new residence. Perfect for year-round or stress-free snowbird living. It now defines everything you’ve imagined for an idyllic Gulf Coast lifestyle. As you enter the redesigned lobby, you’ll immediately be impressed by the state-of-the art fitness center, community room with its full catering kitchen, private business center, and covered bike storage. Step outside to enjoy the newly completed heated pool and resort style deck that overlooks the unspoiled soft sands of world renown Lido Beach. Saunter into your gentle aqua gulf waters along the pristine 200 feet of beachfront. This 2 bedroom, 2 bath residence with additional office or flex space, features an open floor plan, expansive living area, and two private balconies off of the primary en-suite bedroom and the living/dining areas. Enjoy stunning sunrise views and sweeping vistas of downtown Sarasota, the Ringling Bridge, Sarasota Bay, and the Intracoastal Waterway. This penthouse is ready for your personal touches, and is priced to sell. Nearby South Lido Key Park offers endless choices of kayaking, mangrove trails, and scenic walking paths. You're minutes from St. Armands Circle and Longboat Key, then an easy hop over Ringling Causeway to downtown Sarasota, the cultural gem of Florida. Renown for its arts and entertainment district, you’ll be captivated by the Sarasota Opera House, Selby Botanical Gardens, The Van Wezel Performing Arts Center, The Asolo Repertory Theatre, and the Florida Studio Theatres. Downtown Sarasota is filled with art galleries, eclectic shopping, and top-rated dining. Need a variety of boating, marinas and waterfront activities? There are several options, including the Marina Jack Park/Bayfront, as well as the nearby Sarasota Yacht club. The Sarasota-Bradenton International Airport is a simple 20 minute drive. All furniture and furnishings can be built into the sale. Very proactive HOA and on site management. Easy to show, Seller is motivated!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,250,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,000,000 | $1,000,000 | $1,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.154% | 6.121% | 6.011% |
| Monthly Tax Payment | $487 | $487 | $487 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,678 | $5,996 | $8,304 |
| Total Monthly Payment | $6,290 | $6,608 | $8,916 |
* 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.