Privacy is key for this sprawling, estate-size lot down a quiet street on the north end of Longboat Key. Tranquil, quiet and peaceful, this canal-front location offers one of the largest single-family home lots available on Longboat and provides a blank canvas to build your dream home. With the additional purchase of the adjacent lot, MLS#A4594061, it is close to an acre of land for the ultimate family estate, a rare opportunity in this area. With 140 feet of canal frontage offering access to Sarasota Bay and the Intracoastal Waterway, this highly sought-after location is the place to immerse yourself in the island lifestyle. Walk across the street to the beach access where you can enjoy the beautiful white sands of Longboat Key Beach and the blue sparkling waters of the Gulf of Mexico. Just a short drive from shopping and dining on St. Armands Circle, golf, tennis, boating, Holmes Beach, Anna Maria Island and all the Sarasota/Bradenton area has to offer. You really can have it all!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,200,000
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 | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.606% | 6.622% | 6.680% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,227 | $6,068 | $8,363 |
Total Monthly Payment | $6,352 | $6,193 | $8,488 |
* 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.