NO HURRICANE OR FLOOD DAMAGE!!! Welcome to your bay front condo on Longboat Key, where every day begins with breathtaking sunrises and panoramic views of Sarasota Bay. This updated 2-bedroom, 2-bathroom residence is designed for comfort, featuring easy to maintain tile throughout the main living spaces, creating a streamlined aesthetic. The open-concept great room flows seamlessly into the updated kitchen complete with stainless appliances, granite counters, and a westerly facing window for enjoying stunning sunsets over the Gulf of Mexico. Each evening, you'll also enjoy moonrises reflecting off the bay and gentle breezes over the serene waters from your 22-foot wall of floor-to-ceiling windows in the Florida room, a perfect backdrop for relaxation or entertaining. The primary bedroom, nestled at the far end of the home for privacy, offers more bay views, direct access to the Florida room, and a generously sized ensuite bathroom with walk-in closet and conveniently placed laundry. The second bedroom, equally serene, also boasts bay views, direct access to the Florida room, and is served by an adjacent updated bathroom, ensuring comfort and privacy for your guests. This condo offers peace of mind with 2019 hurricane-rated windows, a 2019 HVAC system, and a 2019 water heater. Underbuilding parking and a private storage room provide additional convenience and value. Plus, one of the two community pools is just outside your front door, adding to the fun and ease of your tropical lifestyle. Located in the sought-after Windward Bay community, this lushly landscaped oasis is 26 acres and . 5 mile long of direct bay front property, offering an unparalleled low density, serene living experience. There are fruit trees, walking/biking paths, picnic tables, and fire pits for your pleasure. Residents can also enjoy a wide range of amenities, including two boat basins with slips available for rent ($40/month or $45/month with an owner-supplied lift), kayak launches and storage ($35/year), fishing with fish cleaning stations, three beach accesses directly across the street, plus a large clubhouse with gathering space, catering kitchen, fitness center, locker rooms, and saunas. Additional recreational facilities include 2 heated pools with sundecks and complimentary chaises, shuffleboard, tennis, and pickleball courts. Ensuring peace of mind for years to come, this community is meticulously maintained with freshly painted buildings, new roofs, and a recently passed Milestone Integrity Inspection that certifies the buildings for another 10 years. The rental policy is flexible, with a one-month minimum or longer rental period allowed up to 2/year, and owners can rent immediately upon ownership without a waiting period. Beyond the on-site amenities, the unbeatable location is just a short drive from the restaurants, shops, and cultural activities of Saint Armands Circle and downtown Sarasota. For fine dining, the Zota Beach Resort is right across the street, and the nearby Centre Shops offer everything from Pilates and a diner to a seafood restaurant, ice cream shop, bank, and boutiques. With all special assessments already paid by the Seller, this condo represents an exceptional value and opportunity for any Buyer. Furnishings are optional if helpful to the Buyer.
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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 | $548,000 | $548,000 | $548,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.616% | 7.055% | 6.256% |
Monthly Tax Payment | $842 | $842 | $842 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,692 | $3,600 | $4,621 |
Total Monthly Payment | $4,626 | $4,534 | $5,555 |
* 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.