360 Gulf Of Mexico DRIVE, #322, Longboat Key, FL, 34228 | $1,600,000

This is your perfect tropical Happy Place! Elevator access takes you directly to your very own slice of paradise. Enter through mahogany doors and be instantly wowed by this 3 BD, 2. 5BA unit. The 3rd bedroom was converted to a den as part of a total update, and can easily be changed back to a bedroom. 9-foot ceilings in an open floor plan where walls have been removed create incredible openness while showcasing a stunning straight-on view of Sarasota Bay. Extended breakfast area adds 4’ x 9’, 36 SF overall not included in total SQFT. Contemporary ceramic tile flooring and a neutral color palette allow for unlimited design opportunities. This unit, with extensive upgrades, has been lightly used and well maintained. Upgrades include Pella impact windows and doors throughout, plumbing and electrical and a whole-house water filtration system. Motorized hurricane shutters added in 2024 protect all bay view openings and are in addition to the impact windows. The remodeled kitchen features a Sub-Zero refrigerator, Bosch dishwasher, Wolf 5-element induction cooktop, (gas line is in place if gas cooktop is desired), Wolf microwave and Wolf wall oven, walk-in pantry and a granite- surfaced island with wine cooler. A casual dining and large gathering room are highlighted by a gas fireplace, vaulted skylight, and customized built-in wall unit with flat screen TV. An outdoor bayside patio with wood-grain porcelain tile overlooks the resort-sized pool, pond and fountain and you are treated to breathtaking direct views of Sarasota Bay. Primary suite has a beautiful bay view and is accompanied by a large walk-in closet, and a luxurious ensuite bath with steam shower, granite, dual sinks, extra storage and a wall safe. Complete privacy is enjoyed in the guest suite with specialized built-in providing closet space, private bath and flat screen TV. Additional features are a gated front patio with connection for a gas grill as well as an oversized 2-car garage with built-ins for extra storage. A pet-friendly community, amenities include monitored gated entry, resort-style pool, exercise facility and clubhouse, Cloud Court surfaced tennis courts, regulation sized pickleball courts and organized social activities including group Happy Hours and excursions to local events. Tangerine Bay Club (TBC) features a freshly renovated boat dock, 2 kayak launches and prime fishing right on Sarasota Bay. The cherry on top is hassle-free boating. Literally walk to Dockside Marina where you can purchase or rent a covered boat storage unit with a launch to the bay. TBC owners enjoy private access to the Gulf of Mexico’s pristine beach by joining the newly remodeled Bay Isle Beach Club, for a modest annual fee. Positioned in the southernmost point of the island, TBC is close to St Armands and downtown for dining, entertainment, shopping and more. TBC exemplifies fiscal responsibility, boasting well-funded reserves. There are no current assessments. Major capital projects have been funded without special assessments, including building painting and waterproofing, elevators rebuilt, roofs in 2024, and exterior tile walkways. Required milestone inspections have been completed with no issues. Imagine a lifestyle in this bayfront beauty, with refined elegance in the lush, tropically landscaped 10-acre Mediterranean setting! This is Florida living at its best!

Features

  • Elevator: Y
  • Heating: Central, Heat Pump, Natural Gas, Zoned
  • Cooling: Central Air, Zoned
  • Levels: 3
  • Amenities: Elevator(s), Fitness Center, Gated, Pool, Recreation Facilities, Spa/Hot Tub, Tennis Court(s)
  • Rooms: 9
  • Bedrooms: 3
  • Baths: 2 full / 1 half
  • Laundry: Inside
  • Complex: TANGERINE BAY CLUB
  • Year Built: 1992
  • Approx Sq. Feet: 2,246
  • Est. Taxes: $9,737
  • Condo Fee: $8,700 Quarterly
  • Lot Desc: FloodZone
  • View: Water
  • Elem. School: Southside Elementary
  • Middle School: Booker Middle
  • High School: Booker High
  • Pet Policy: Yes
  • Appliances: Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Refrigerator, Washer, Wine Refrigerator
  • MLS#: A4610778
  • Days on Market: 11 days
  • Website: https://www.raveis.com
    /prop/A4610778/360gulfofmexicodrive_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 7/2/2024 2:17:09 PM)
Listing courtesy of RE/MAX ALLIANCE GROUP   Phone: 941-954-5454

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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360 Gulf Of Mexico DRIVE, #322, Longboat Key, FL, 34228

$1,600,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,280,000 $1,280,000 $1,280,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 7.000% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.838% 7.141% 7.082%
Monthly Tax Payment $811 $811 $811
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $8,624 $8,516 $11,416
Total Monthly Payment $9,560 $9,452 $12,352

* 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.