Residential Property - Condominium in Sarasota
SOLD for $560,000 on December 23, 2019
Listing Price: $600,000Sold Price: $560,000Sold Price/List Price: 93%
Sold Price/Original List Price: 86.15%
Description of Property
Looking for an investment property or vacation home directly on the beautiful white sands of Siesta Key beach? Then look no further than this fully furnished, two bedroom, two bathroom condominium in El Presidente. This desirable complex allows weekly rentals and has excellent onsite management to handle reservations, check-in/check-out, guest relations, repairs, laundry service, cleaning and more. In addition, reserves are fully funded, no pending special assessments, occupancy and rental revenue have increased and management fees decreased. El Presidente is a small complex with a beachside heated pool, tennis courts, outdoor grills and plenty of beach chairs for those gorgeous Siesta Key sunsets. Owners can enjoy the owner's lounge, exercise room and newly installed sauna. Inside the condo you will find a bright, open floorplan with neutral color palette and a view of the Gulf of Mexico from the terrace. There is also a laundry room in the unit with a full size washer and dryer. El Presidente is very popular with visitors who return year after year resulting in annual gross rental income of up to $60,000 for some owners. This is a perfect opportunity for investors or those looking to for a second home that will generate enough rental income to cover expenses and then some. Also, the location cannot be beat! El Presidente is conveniently located to the shops and restaurants of Siesta Key Village to the north and the shops, restaurants, boat rental and marina to the south. Do not miss this one!
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Condominium
City: Sarasota
County: Sarasota
Subdivision: El Presidente
Bedrooms: 2
Bathrooms: 2
Sq. Ft. Living Area: 1,054
Cost per (heated) sqare foot: $569
Year built: 1975
Annual Tax: $6,002
Condo Fee: $2,093 Quarterly
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
- Community Pool
- Escrow Reserves Fund
- Fidelity Bond
- Maintenance Structure
- Maintenance Grounds
- Manager
- Pest Control
Interior Features:
- Ceiling Fans(s)
- Kitchen/Family Room Combo
- Solid Wood Cabinets
- Stone Counters
- Walk-In Closet(s)
Appliances:
- Dishwasher
- Disposal
- Dryer
- Microwave
- Range
- Refrigerator
- Washer
Accessibility Features:
Window Features: Blinds
Additional Rooms: Inside Utility
Ceiling Type:
Flooring: Carpet, Ceramic Tile
Pool & Waterfront Info
Private Pool: Not specified
Pool Features:
Spa Features:
Water Front: Yes
Water Frontage: Beach - Public, Gulf/Ocean
Water Access: Yes
Water Access Type: Beach - Private, Gulf/Ocean
Water View: Gulf/Ocean - Partial
Exterior & Construction
Architectural Style:
Construction: Block, Stucco
Foundation: Slab
Roof: Shingle
- Balcony
- Outdoor Grill
- Sliding Doors
- Tennis Court(s)
Carport: Yes
Carport Spaces: 1
Parking Features: Guest, Under Building
Floors Total: 5
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Electric:
Patio & Porch Features: Patio
Security Features:
Other Structures:
View: Water
Fencing:
Utilities:
- Cable Available
- Cable Connected
- Electricity Connected
- Public
- Sewer Connected
Sewer: Public Sewer
Water Source: Public
Community Features:
- Deed Restrictions
- Gated Community
- Pool
- Tennis Courts
- Water Access
- Waterfront
Association Amenities:
- Cable TV
- Clubhouse
- Elevator(s)
- Gated
- Maintenance
- Pool
- Recreation Facilities
- Spa/Hot Tub
- Tennis Court(s)
Lot Information
Lot Features: Flood Insurance Required
Front Exposure: North
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash, Conventional
Parcel Number: 0108012013
Zoning: RMF3
Pets Allowed/Pet Policies: No
Tax Legal Desc.: UNIT 204 EL PRESIDENTE
Listing courtesy of RE/MAX ALLIANCE GROUP. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.