VERY ATTRACTIVE NEW PRICE!!! One of the best buys on Longboat Key!! Stunning Harbour Villa Club, tucked away in a little pocket on Dream Island Rd on Beautiful North-End Longboat Key. This complex is positioned on a beautiful protected point overlooking stunning Sister Keys & Sarasota Bay. This special ground floor Condo (Yet Still 10+Ft above flood plain) with its soaring high ceilings & flowing floorplan provide stunning Bay views from almost every room. This open plan has split bedrooms with ensuite bathrooms and wet bar right of living space. Deeded 40ft Boat Slip right out your back door & within view from the condo. Plus SHORT TERM rental allowance! New 2024 rental numbers are in & gross production is now appx $75, 000 for 2024!!! (that's the first year in the rental program, in the asis condition with appx 65% tenant occupancy) Plus don’t forget about that deeded boat slip. If you're not using it personally there is a rental potential of appx $9, 600 annually (that's right, if you're not using your deeded 40 ft slip you can lease separately). These combined factors = Excellent return and flexibility on this outstanding condo and you can see why I call this absolutely the best opportunity currently available on Longboat Key! Short term rental allowance, huge bay views & 40ft boat slip this is a true Longboat Key gem. Harbour Villa Club on the stunning bay shore of luxurious Longboat Key. Rare & sought-after Weekly rental allowance on Longboat Key with rental production, history, & future bookings in place (can be canceled if desired). The kitchen has ample counter space with a snack bar flowing into dining and living spaces. The primary bedroom is designed with your comfort in mind, offering tremendous space, ample dual closets, lanai access, and unparalleled views of the water. The primary bathroom has beautiful tilework and a spacious shower. Entertain with ease with a built-in wet bar, perfect for any occasion. The secondary bedroom is ideal for a great flex space and/or full-time bedroom, depending on your needs. But perhaps the most impressive feature of this property is the large walk-out lanai. Stepping into this space you'll be greeted by stunning vistas of the water, pool & docks. Plus an extra sunbathing deck directly off this screened-in lanai. The lanai space does not end there, the large front lanai is unique to this specific condo and offers additional outdoor living space. For the boaters, this condo conveys deeded boat slip #14 which includes electric, water, and new composite decking. This slip is 40ft in length and can dock up to a 55'+/- vessel and is positioned just outside the unit, so rare. Slip can also be leased separately to units with similar slips averaging $800+/- per month. This community has mature tropical landscaping and grounds. Other amenities include a heated pool, hot tub, outdoor grill, kayak storage/launch, boat ramp, climate-controlled bicycle/locker storage, four tennis courts, two pickleball courts, and one covered parking space #33. This is one of the few Longboat Key communities that has the ability to rent on a weekly basis. This gives you options and flexibility to carve out your formula of ownership & use. Located within a short distance of nearby popular beaches, restaurants, clubs, & parks and just a short drive to St. Armands Circle, Anna Maria Island, & Downtown Sarasota. This property is more than just a waterfront condo. It's a lifestyle. So why wait? See it today
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $771 | $771 | $771 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,605 | $4,665 | $6,315 |
Total Monthly Payment | $5,468 | $5,528 | $7,178 |
* 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.