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Discover an exceptional waterfront homesite in the heart of Siesta Key, one of Florida’s sought-after coastal destinations. On a quiet, no-through-traffic cul-de-sac in the exclusive Siesta Isles enclave, this cleared lot offers a rare island-within-an-island setting just a five-minute distance to world-famous Siesta Key Beach. Enjoy direct boating access with a private dock and 10, 000-pound boat lift (updated in 2022), providing easy access to the Intracoastal and Gulf of Mexico with only one bridge at Midnight Pass. The property features a raised seawall (approximately 5-foot elevation), concrete steps, deck and water access ladder, offering functionality and peace of mind. Additional highlights include a capped freshwater irrigation well, newly improved seawall and submitted architectural plans, making this lot build ready. With approximately 15, 024 square feet (per architectural calculations), this is a rare opportunity to design and build your custom coastal retreat in a serene, prestigious setting. Conveniently near shopping, dining and cultural attractions in Sarasota, and represented by Premier Sotheby’s International Realty, this property offers a blend of luxury, lifestyle, and long-term value. Build your dream home where beach, boating and privacy meet.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,750,000
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 | $1,400,000 | $1,400,000 | $1,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.223% | 6.164% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,170 | $8,507 | $11,814 |
| Total Monthly Payment | $8,295 | $8,632 | $11,939 |
* 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.