Welcome to your winter retreat on spectacular Longboat Key, Florida. The owners spared no expense to equip their home with the best of everything. This is the first time ever they've offered it for lease for you and your guests to enjoy. Beginning as early as November 2024 or through the entire winter season of 2025, you could call #505 home. (3 month minimum, max rental 6. 5 months. Agreed upon rate plus county and state tax. ) The owners designed and furnished this nearly 1600 sq foot condo with great care - providing elegant yet relaxed zones to compliment the beautiful Gulf views you'll enjoy from every room. This is open concept living at its best: comfortable indoor areas for dining, music, TV, reading . . . even cocktail hour. The balcony is a cozy place for your morning coffee or a late night supper. The kitchen is fully equipped and keeps the cook right in the middle of things! The primary bedroom offers a spectacular Gulf view or total privacy . . . an elegant private bath, generous closet space. Your guests have an equally welcoming and private area of their own on the other side of the unit. Yes, there is a full- size laundry, of course. The Promenade is well known as a jewel among beachfront communities. Convenient and secure underground parking for you and your guests, along with a full time concierge, a lovely lobby, beautiful social areas and outstanding amenities. (Including a heated pool, jacuzzi, welcoming grounds, tennis, outdoor grilling area all leading you to the Gulf of Mexico and Longboat Key's world famous beach. ) The property is just 5 minutes from a full service Publix store, a variety of restaurants and other services; add 5 minutes to your drive and you'll find yourself on St Armands Circle with its many shops, restaurants and specialty stores. This is truly a vacation spot you'll never forget! We've posted both a virtual walk thru and a photo tour with this listing. Please call the listing agent for more details, the rental application, rules and regs for the community as well as an in-person or virtual tour of the property. 24 hour notice for tours appreciated.
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Our Executive Mortgage Banker:
Our Insurance Division:
$13,500
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $10,800 | $10,800 | $10,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.000% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.398% | 6.171% | 5.248% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $66 | $65 | $85 |
Total Monthly Payment | $141 | $140 | $160 |
* 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.