542 Sutton PLACE, Longboat Key, FL, 34228 | $575,000

Available for immediate occupancy on Longboat Key, pet-friendly, 3 bedrooms, and a private connected garage which includes extra storage. Imagine starting your day with glorious sunrises over the bay and ending it with mesmerizing sunsets over the Gulf of Mexico. Sutton Place provides Gulf-to-bay access, an incredible waterfront lifestyle, and an abundance of amenities. Enjoy private deeded beach access with a Gulf beach pavilion, picnic tables, restrooms, showers, gated dedicated beach parking, car wash stations, and lockers for beach chairs. Bayside there are two pools, one directly on the waterfront and the other adjacent to the clubhouse with a fully equipped kitchen, billiards table, and cozy library corner. The community boasts three barbecue zones, boat slips, kayak storage and launch facilities. Two small pets are allowed. This roomy property is the largest of the floor plans in Sutton Place with 1, 450 sq ft of heated space, a very large private in-unit laundry room with built-in extra storage, generous closet storage in every bedroom, a convenient lanai, and large single car garage with extra storage on both sides of the garage. While this townhome style villa property is part of a condominium association, the location of the unit is tucked away from the main road of the complex, and the unit’s size, garden area entry, and layout all serve to make it feel much more private. The open flow of the living room through the dining area and out to the screened-in lanai with garden access, allows for a great place to relax or entertain guests. The bedrooms are on the second floor, which provides privacy from the ground level living and entertaining areas. Sutton Place allows two rentals per year after the first year of ownership and the amenities make it attractive for seasonal rentals. The mid-key location is ideal for exploring the nearby Bayfront Park with its recreation center, active pickleball courts, dog parks, and much more. Ideally located for enjoying numerous restaurants and cultural attractions at either end of the key and all just minutes away. St. Armands Circle and downtown Sarasota are a convenient drive to the south. Don’t miss your chance to live where others vacation. It is time to claim your slice of paradise! Seller financing is available at a low rate of 4%.

Features

  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 2
  • Amenities: Clubhouse, Pool, Recreation Facilities, Storage
  • Rooms: 4
  • Bedrooms: 3
  • Baths: 2 full / 1 half
  • Laundry: Inside, Laundry Closet
  • Complex: SUTTON PLACE
  • Year Built: 1972
  • Approx Sq. Feet: 1,450
  • Est. Taxes: $6,984
  • Condo Fee: $1,482 Monthly
  • View: Garden
  • Elem. School: Anna Maria Elementary
  • Middle School: Martha B. King Middle
  • High School: Bayshore High
  • Pet Policy: Yes
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4603180
  • Days on Market: 215 days
  • Website: https://www.raveis.com
    /prop/A4603180/542suttonplace_longboatkey_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 10/24/2024 4:31:59 AM)
Listing courtesy of PREMIER SOTHEBYS INTL REALTY   Phone: 941-383-2500

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NMLS Mortgage Loan Originator ID 16953

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542 Sutton PLACE, Longboat Key, FL, 34228

$575,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $460,000 $460,000 $460,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.375% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.760% 7.042% 6.160%
Monthly Tax Payment $582 $582 $582
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,177 $3,022 $3,851
Total Monthly Payment $3,851 $3,696 $4,525

* 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.