One or more photo(s) has been virtually staged. Nestled behind the private gates of Bay Isles on Longboat Key, this Fairway Bay condo is a rare gem, offering one of the most sought-after corner residences in the building. LOCATION! LOCATION! LOCATION! Enjoy breathtaking, unobstructed views of Sarasota Bay from most rooms in this three-bedroom, two-bathroom waterfront retreat. The condo features hardwood floors, fresh paint, and expansive outdoor spaces perfect for soaking in the Florida sunshine. The great room is spacious and bright, enhanced by built-in features and large sliders that lead to a generous patio—an ideal spot for relaxation. The formal dining room also captures stunning bay views, creating a perfect setting for gatherings with family and friends. The well-appointed kitchen offers ample storage, a wet bar, and a cozy eat-in area, making it both functional and inviting. The master bedroom is a private oasis, featuring dual sinks, two closets, and direct access to an outdoor patio. The second bedroom also offers a balcony with lovely views, while the third bedroom boasts a walk-in closet and beautiful wood floors. Additional conveniences include a spacious laundry room. THIS CONDO ALSO OFFERS A PARKING SPACE UNDER THE BUILDING. Living in Fairway Bay means embracing a lifestyle rich in amenities. As a resident, you gain membership to the exclusive Bay Isles Beach Club, which provides access to a private beach, cabanas, grills, and restrooms. The community also features a kayak launch, two swimming pools, tennis and pickleball courts, a gym, and walking trails. With the world-class St. Regis resort, St. Armands Circle, downtown Sarasota, and Sarasota International Airport just minutes away, this location offers unparalleled convenience. Discover a life of luxury and leisure in this exceptional waterfront condo.
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Our Executive Mortgage Banker:
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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 | $820,000 | $820,000 | $820,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 6.258% | 6.201% |
Monthly Tax Payment | $944 | $944 | $944 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,982 | $4,982 | $6,920 |
Total Monthly Payment | $6,051 | $6,051 | $7,989 |
* 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.