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Tranquil waterfront home in the gorgeous Bayou neighborhood. Located in the prestigious, gated community of Bay Isles, this canal-front home presents an outstanding opportunity for waterfront living with easy access to Sarasota Bay—ideal for boating enthusiasts. Situated on an oversized lot, the home features a bright and airy open floor plan with abundant natural light, views of the canal from several rooms, a spacious primary suite, and two additional bedrooms with a shared bath. Oversized living room opens to the dining room with a cozy fireplace overlooking the private backyard. The eat in kitchen has a breakfast bar and plenty of storage space. Enjoy peace of mind with updated mechanicals, including newer AC systems, new plumbing, a new pool heater, and new pool pumps. The freshly painted pool deck and updated screen enclosure add to the home’s appeal. Designed for effortless, one-level living, the property also offers a lower-level storage space and a two-car garage. Fresh landscaping enhances the curb appeal, while the expansive outdoor area is perfect for entertaining, featuring a heated pool, spa, and plenty of space to relax and enjoy the serene, private, waterfront setting, looking at mangroves and not the houses across the canal. A newer boat lift, with a 10, 000-pound capacity, makes getting out on the water a breeze. As a resident of Bay Isles, you’ll have exclusive access to the Bay Isles Beach Club, where you can enjoy a private beach, pavilion, premium facilities and world-class sunsets. This prime location is within walking distance to the Longboat Key Club, offering golf, tennis, pickleball, fine dining, and a marina. Additionally, the Publix shopping center, town hall, post office, local tennis center, and pavilion are just a short stroll away. St. Armands Circle and downtown Sarasota are nearby, offering world-class dining, shopping, and cultural attractions. With no storm damage from any, including the last two hurricanes, this home provides both security and the opportunity to create your ideal waterfront retreat in one of Longboat Key’s most desirable communities.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,150,000
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 | $1,720,000 | $1,720,000 | $1,720,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.500% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.637% | 6.540% |
Monthly Tax Payment | $1,266 | $1,266 | $1,266 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,451 | $10,872 | $14,865 |
Total Monthly Payment | $11,842 | $12,263 | $16,256 |
* 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.