PRICE IMPROVEMENT! New 2024 rental Numbers are in and gross projections are now $75, 000 for 2024!!! (thats the first year in rental program, in the asis condition and at appx 60% tenant occupancy) Plus don’t forget about the deeded boat slip rental option of $9, 600 annual (thats right, if your not using your deeded 40ft 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 and deeded 40ft boat slip. This is the one, Harbour Villa Club on the stunning bay shore of luxurious Longboat Key. This beautiful property offers breathtaking views of the glistening water and is situated in a prime location that is peaceful, serene, and truly one-of-a-kind. A true Longboat Key gem. Rare and sought-after Weekly rental allowance on Longboat Key with rental production, history, and future bookings in place (can be canceled if desired). As you step inside this warm and cozy condo, you'll be greeted by a spacious and open floor plan that is perfect for entertaining guests or simply relaxing in style. The living area is bathed in natural light, thanks to the open plan, high ceilings, and large sliders that offer stunning views of the Bay, the Intercoastal Waterway, glistening pool waters, and the protected Sister Keys. The kitchen has ample counter space, and plenty of creative storage along 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, and 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 and use. Located within a short distance of nearby popular beaches, restaurants, clubs, and parks and just a short drive to St. Armands Circle, Anna Maria Island, and Downtown Sarasota. This property is more than just a waterfront condo. it's a lifestyle. So why wait? Come see for yourself!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $732,000 | $732,000 | $732,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.304% | 6.762% | 6.725% |
Monthly Tax Payment | $771 | $771 | $771 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,627 | $4,687 | $6,377 |
Total Monthly Payment | $5,490 | $5,550 | $7,240 |
* 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.