Siesta Key Condo, Bay Tree

January 28, 2009

Bay Tree condominiums on Siesta Key is one of the island’s best values. Bay Tree offers direct beach frontage, boat docks, beach cabanas and two pools. There is one beachfront building and two buildings on the bayside of Midnight Pass Road. Currently there are some very opportunities including one of Siesta Key’s lowest priced full Gulf view two bedroom units which is currently priced at $399,000. I always like to look at the entry level properties in good areas and so I am particularly fond of the one bedroom unit that is currently listed with another broker in MLS for only $173,900. It is a bank-owned unit that is assessed at $248,000. The current asking price is bellow the price at which units like this were selling in 2002.   This is a very good value.   The unit can easily be rented in the winter time for about $3,000 per month. The quarterly assessments are $933. A great deal for a condominium with beach access and boat docks.  There is no property on Siesta Key that is priced lower and offers more amenities.  If you are interested in this property give me a call at 941-650-4626.


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