Discover your coastal dream at 662 Cedars Ct - a hidden gem in the heart of Longboat Key's sun-drenched shores. This charming townhome offers a unique blend of island living and investment potential, all wrapped in a package that's as refreshing as a Gulf breeze.
Step into this two-bedroom, two-bath retreat and feel the stress of the mainland melt away. Spread across three levels, this home captures the essence of Florida living with its open layout and abundance of natural light. The main living area flows seamlessly onto a private balcony, where you can sip your morning coffee while surrounded by lush tropical foliage.
In the kitchen, beach-inspired design meets modern functionality. Prepare fresh seafood feasts or mix up colorful cocktails in this well-appointed space, complete with durable countertops that can handle sandy hands and salty air.
Upstairs, two cozy bedrooms provide peaceful retreats after long days of sun and surf. The primary suite boasts ample closet space and an en-suite bath, while the second bedroom offers flexibility as a guest room or home office with inspiring views.
What sets Cedars East apart from other beach side retreats on Long Boat Key, is its oversized garage - a rarity for beachside condominiums in this price range. This generous space not only accommodates your vehicle but also provides ample storage for all your coastal gear, from paddleboards to beach umbrellas. Outside, the Cedars East community is a playground for water enthusiasts. Dive into the Jr. Olympic pool, cast a line from the community fishing pier, or explore the mangrove-lined boardwalks. Tennis lovers will appreciate the optional club membership, granting access to top-notch courts and instruction. This turnkey property presents a golden opportunity for savvy investors. With a 14-day minimum rental policy, you can tap into Longboat Key's lucrative vacation market while still enjoying personal use. The contemporary coastal decor and full furnishings ensure your property stands out in a competitive rental landscape. Moreover, 662 Cedars Ct offers an excellent chance to build equity. Recent market trends have seen remodeled units in this community capture record-high sale prices, making this an ideal time to invest and potentially reap significant returns. Nestled between the calm waters of Sarasota Bay and the Gulf of Mexico, this home puts you minutes away from powdery white sand beaches, world-class dining at St. Armands Circle, and the cultural delights of downtown Sarasota. Don't let this rare opportunity slip through your fingers like sand. 662 Cedars Ct is more than just a home - it's your ticket to the laid-back luxury of island life and a smart investment in one of Florida's most desirable locations. Make your coastal dreams a reality today!
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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 | $518,400 | $518,400 | $518,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $558 | $558 | $558 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,449 | $3,406 | $4,372 |
Total Monthly Payment | $4,099 | $4,056 | $5,022 |
* 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.