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MASSIVE Price Correction! Excellent Opportunity for Luxurious Waterfront Living. This exceptional property presents a unique chance to own a prime piece of real estate on the highly sought-after island of Longboat Key. A true island retreat, this stunning canal-front residence offers an ideal blend of comfort, elegance, and coastal charm. Featuring 4 bedrooms and 2 bathrooms, the home boasts Deeded Beach Access to the pristine shores of the Gulf of Mexico, ensuring an unparalleled waterfront lifestyle. Spanning 132 linear feet of Canal Frontage with a New Seawall & kayak launch (2020) provides Direct Boating access to Sarasota Bay and Beyond. A comprehensive renovation, completed in December 2022, further enhances the property's allure. Designed for peace of mind, the home includes all-new plumbing and electrical systems with a new panel and a commercial-grade whole-house surge protector. The bathrooms have been redesigned with Italian marble-look ceramic tiles, featuring an alcove soaking tub in the master suite and a walk-in shower with a rain showerhead in the guest bath. The expansive 900sqft screened porch, featuring new brick pavers and screens, invites seamless indoor-outdoor living, while impact sliding glass doors enhance both security and accessibility. Upon entering, the formal living room impresses with vaulted ceilings, an electric fireplace set against a striking stacked-stone accent wall, and breathtaking water views. The master bedroom offers private access to the screened porch through sliding glass doors, while French doors lead to a tranquil backyard oasis. In the family room, a second 60-inch remote-controlled electric fireplace, framed by a floor-to-ceiling split-face stone surround and marble mantle, creates an inviting ambiance for relaxation and gatherings. Additional features include a tankless gas water heater for continuous hot water, as well as elegant wood-look ceramic tile flooring that flows seamlessly throughout the home. Before the flood, the residence boasted dual AC units and new ductwork, installed in 2020, and equipped with Nest thermostats for optimal climate control. The gourmet kitchen featuring solid wood cabinetry with soft-close hardware, marble-look quartz countertops, and high-end GE Café stainless steel appliances with elegant copper accents. A copper stove hood and a farmhouse sink. . Many of these items still apply. Security and design come together beautifully with impact glass double garage doors by Raynor, allowing natural light while ensuring durability. The spacious backyard is enclosed by a sleek black aluminum fence and features a new irrigation system. There is ample space to add a future pool on the west side of the property, perfectly positioned to capture the island sun. This home offers effortless access to an array of island amenities, boasting one of the highest walkability ratings in all of Longboat Key. Direct community access to the scenic 34 acre Joan Durante Park is just steps away, providing a serene retreat for outdoor enthusiasts. A diverse selection of nearby restaurants and bars, ranging from charming delis and lively sports bars to fine dining establishments, are conveniently located right outside your door. Most notably, deeded beach access guarantees permanent and direct entry to one of the most spectacular beaches in the state. This is an unparalleled opportunity to secure a premier waterfront residence in Longboat Key. Don't miss the chance to make it your own.
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Our Executive Mortgage Banker:
Our Insurance Division:
$850,000
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
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $680,000 | $680,000 | $680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.813% | 6.739% | 6.581% |
Monthly Tax Payment | $1,151 | $1,151 | $1,151 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,187 | $4,354 | $5,877 |
Total Monthly Payment | $5,430 | $5,597 | $7,120 |
* 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.