885 Spanish DRIVE N, Longboat Key, FL, 34228 | $795,000

Fantastic value! Water and kayak owners will love the preferred location of this two-bedroom, two-bath standalone villa adjacent to the bay water with lovely partial bay views. This beautiful neighborhood of Spanish Main welcomes you home. Villa living at its best since mostly all the renovations were completed in 2017. New roof 2024 and A/C 2019 Tasteful appointments from this home add to the incredible features of this villa. This villa has numerous upgrades throughout. Large dining/great room combo opens onto an expansive lanai that overlooks a private, peaceful and tranquil setting of tropical lush foliage. Large neutral tile throughout. The primary bathroom has been upgraded with new cabinets, countertop, lighting fixtures, an oversized large, frosted window for extra light and a step-in shower. Upgrades continue with a hidden shoe caddy in primary bedroom closet. Guest bath upgraded with soaker tub, new cabinets and lighting fixtures. The kitchen updates include new kitchen cabinets, a slide out kitchen pantry and new dishwasher, and more. Hurricane-grade windows and doors. Inside the villa, washer and dryer. Hurricane shutters on the large rear windows and door. Inside air ducts were completely replaced. A four-point inspection was completed in 2024. Decorative hurricane glass front door retractable screen, outdoor shower plus an electric awning installed on oversized brick paver patio. Sewer lines relined. Feature list available as with all this, there is more. This neighborhood-like community is pet friendly and has a 40-slip deepwater marina with electric and water, deeded beach access, fishing, boating, kayaking, heated pool, clubhouse with activities. Nominal fee for rental of the boat slips. St. Armands is just down the road with amazing restaurants, fabulous shopping and 20 minutes to downtown Sarasota. This is a 55-plus community, but you can purchase at any age and live here full-time at 50. An incredibly affordable lifestyle that gives you million-dollar moments every day. A deal on Longboat Key complete with evening sunsets on beautiful beaches and entertaining bird life, manatees and dolphins. This is a must-see.

Features

  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 1
  • Amenities: Cable TV, Clubhouse, Maintenance, Pool, Recreation Facilities, Shuffleboard Court
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Inside
  • Complex: SPANISH MAIN YACHT CLUB CONDO
  • Year Built: 1967
  • Approx Sq. Feet: 1,423
  • Est. Taxes: $4,612
  • Condo Fee: $1,340 Monthly
  • Lot Desc: Flood Insurance Required, Landscaped, Near Marina
  • View: Trees/Woods, Water
  • Adult Communities: Yes
  • Elem. School: Anna Maria Elementary
  • Middle School: Martha B. King Middle
  • High School: Bayshore High
  • Pet Policy: Dogs OK, Number Limit, Size Limit, Yes
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4613113
  • Days on Market: 107 days
  • Website: https://www.raveis.com
    /prop/A4613113/885spanishdriven_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 11/4/2024 1:33:42 PM)
Listing courtesy of PREMIER SOTHEBYS INTL REALTY   Phone: 941-364-4000

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NMLS Mortgage Loan Originator ID 16953

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885 Spanish DRIVE N, Longboat Key, FL, 34228

$795,000

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 $636,000 $636,000 $636,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.551% 7.159% 6.276%
Monthly Tax Payment $384 $384 $384
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,231 $4,227 $5,363
Total Monthly Payment $4,707 $4,703 $5,839

* 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.