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660 Cedars COURT, Longboat Key, FL, 34228 | $720,000
Under contract-accepting backup offers. EXCEPTIONAL LONGBOAT KEY TURNKEY INVESTMENT OPPORTUNITY. 14-DAY RENTAL PROPERTY. RESORT SETTING WALKING DISTANCE TO THE BEACH This is a rare chance for savvy investors to own a turnkey investment property with a proven track record and strong booking performance for 2024 and 2025. THIS MODERNIZED TOWNHOME IN LONGBOAT KEY HIGHLY DESIRED CEDAR EAST RESORT DELIVERS CONSISTENT RETURNS WITH A PROVEN MODEL FOR CAPITALIZING ON LONGBOAT KEY'S AFFLUENT VISTOR MARKET, WITH A SEAMLESS RENTAL SYSTEM BEHIND IT, THIS TOWNHOME IS POISED TO OUTPACE COMPARABLE INVESTMENTS FROM DAY ONE.
The contemporary interior upgrades with comfortable furnishings, fully stocked elevate this rental far above comparable units, ensuring it continues outperforming and commanding top-dollar pricing with an established history of exceptional rental income. With a direct Airbnb/VRBO booking integration, this property provides an effortless path to outstanding investment returns. FEATURING A 14-DAY BOOKING POLICY, SELDOM AVAILABLE IN THE MARKET, THIS OPPORTUNITY OFFERS THE POTENTIAL TO CAPTURE MAXIMUM OCCUPANCY AND OPTIMIZE RENTAL INCOME. THIS UNIQUE FEATURE SETS THIS PROPERTY APART, MAKING IT AN EXCEPTIONAL OPPORTUNITY FOR INVESTORS LOOKING TO MAXIMIZE RENTAL INCOME AND CAPITALIZE ON LONGBOAT KEY HIGH DEMAND FOR SHORT AND LONG-TERM VACATION RENTALS. Cedars East provides the full-service amenities that create the luxury experience guests rave about and come back for - a jr Olympic-sized size swimming pool, bayside fishing, picturesque walkways and on-site restaurant, tennis courts, fitness center, restaurant, beach access, and more. This highly desired location maximizes earnings, putting you just a short walk from Longboat Key's world-famous beaches, dining, shopping, arts/cultural attractions, and St Armand’s Circle and Downtown. AS AN INVESTOR, YOU WANT PROPERTIES THAT WILL MAXIMIZE YOUR RETURNS - AND THIS BEAUTIFULLY FINISHED TOWNHOME IN CEDAR EAST DELIVERS The contemporary upgrades, coupled with the ability to self-manage, make this rental perfect for hands-on investors seeking maximized profits and complete control over their investment with optional on-site management available with a proven track record of generating outstanding rental incomes in this resort community, this townhome investment is poised to maximize your returns from day one. DON'T MISS THIS OPPORTUNITY, THIS ONE IS UNIQUE!
Features
- Amenities: Clubhouse, Maintenance, Pool, Recreation Facilities
- Rooms: 6
- Bedrooms: 2
- Baths: 2 full
- Laundry: In Garage
- Year Built: 1988
- Garage: 1-car Driveway, Garage Door Opener, Ground Level, Oversized
- Heating: Central, Zoned
- Cooling: Central Air, Zoned
- Approx Sq. Feet: 1,440
- Est. Taxes: $8,546
- Condo Fee: $2,449 Quarterly
- View: Trees/Woods
- Pet Policy: Yes
- Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Washer
- MLS#: C7491713
- Days on Market: 68 days
- Website: https://www.raveis.com
/prop/C7491713/660cedarscourt_longboatkey_fl?source=qrflyer
Listing courtesy of Compass Florida LLC Phone: 941-265-7692
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
660 Cedars COURT, Longboat Key, FL, 34228
$720,000
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 | $576,000 | $576,000 | $576,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
| Monthly Tax Payment | $712 | $712 | $712 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,784 | $3,828 | $4,858 |
| Total Monthly Payment | $4,588 | $4,632 | $5,662 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388