6326 Midnight Pass ROAD, #101, Siesta Key, FL, 34242 | $1,000,000

Step into the epitome of beachfront luxury with this expansive two-bedroom condo nestled on the sought-after sands of Crescent Beach in Siesta Key. Recently remodeled, this first-floor end unit in the prestigious El Presidente complex exudes elegance and modernity. The open floor plan is highlighted by premium granite countertops in both the kitchen and bathrooms, complemented by new, stylish flooring throughout. Fully furnished and turnkey ready, this condo includes all the essentials and luxuries for immediate enjoyment, featuring a recently updated electric panel, a new AC system installed in 2021, and the latest appliances and water heater updated in 2022.
This property not only offers a serene escape with its private beach access but also provides abundant recreational facilities including a tennis court, a pickleball area, and a state-of-the-art fitness room. The heated swimming pool is an inviting oasis, perfect for unwinding or enjoying leisurely days soaking in the sun against the backdrop of the Gulf of Mexico’s sparkling blue waters. El Presidente stands out as a prime investment opportunity, boasting the flexibility of weekly rentals and the convenience of professional on-site management, making it a highly attractive option for generating significant rental income. The gated complex ensures privacy and exclusivity, enhancing the desirability for potential renters and providing peace of mind for owners. The location of this condo offers unparalleled access to Siesta Key’s amenities. It is ideally positioned near the south bridge, allowing for easy entry and exit from the island. A short stroll away, Siesta Key Village offers vibrant dining and shopping experiences, while downtown Sarasota is just a drive away, rich with cultural attractions such as the Ringling Museum of Art and the Sarasota Opera House. Offering both a luxurious retreat and a wise investment, this condo at El Presidente encapsulates the very best of Florida’s Gulf Coast lifestyle. Here, every detail is tailored for comfort, convenience, and class, making it a perfect choice for those seeking a home that promises both personal enjoyment and potential income. Call today for your private showing.

Features

  • Elevator: Y
  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 1
  • Amenities: Fitness Center, Pickleball Court(s), Sauna, Tennis Court(s)
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Inside, Laundry Closet, Washer Hookup
  • Complex: EL PRESIDENTE
  • Year Built: 1975
  • Approx Sq. Feet: 1,496
  • Est. Taxes: $10,095
  • Condo Fee: $1,145 Monthly
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pet Policy: No
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4609571
  • Days on Market: 24 days
  • Website: https://www.raveis.com
    /raveis/A4609571/6326midnightpassroad_siestakey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 6/2/2024 11:32:09 PM)

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NMLS Mortgage Loan Originator ID 69957

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Francine SilbermanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 69244

914.260.2006

Francine.Silberman@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

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6326 Midnight Pass ROAD, #101, Siesta Key, FL, 34242

$1,000,000

Janice McGrath-O'Brien

Luxury Properties Specialist

William Raveis Real Estate

Phone: 203.767.1126

Janice.McGrath@raveis.com

Mace L. Rattet

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 914.260.5535

Mace.Rattet@raveis.com

NMLS Mortgage Loan Originator ID 69957

Francine Silberman

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 914.260.2006

Francine.Silberman@raveis.com

NMLS Mortgage Loan Originator ID 69244

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $800,000 $800,000 $800,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 7.000% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.851% 7.128% 7.061%
Monthly Tax Payment $841 $841 $841
H/O Insurance Payment TBD TBD TBD
Initial Principal & Interest Pmt $5,390 $5,322 $7,135
Total Monthly Payment $6,323 $6,163 $7,976

* 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.