1241 Gulf Of Mexico DRIVE, #105, Longboat Key, FL, 34228 | $2,575,000

One or more photo(s) has been virtually staged. No water intrusion or damage to residence after past two storms: Welcome to Water Club! Escape to Paradise in this Beautifully furnished Beachfront Oasis on the South end of Longboat Key. Residence 105 is almost new, with Southern exposure and natural light filling most rooms. Expansive floor-to-ceiling windows and sliding glass doors invite the gentle sea breeze. The residence has extraordinary craftsmanship and design with premium finishes, and the generous living area is thoughtfully designed for intimate gatherings or grand entertaining—Living here in Paradise, you can have instant enjoyment to create new memories that last a lifetime. The lavish primary suite pampers owners with its private terrace, updated bathroom, and a walk-in closet. The guest suite has a walk-in closet and a classic en-suite bathroom with stone floors at the opposite end of the residence. The kitchen offers a granite countertop for the chefs to create culinary delights. It has a center island and a generous breakfast area with views of the lushly landscaped garden. Features include Duchateau Vernal Como 7 " wide European oak flooring throughout, a spacious & open plan 2, 600 sq. ft. under air, with 10 ft. ceilings, and an oversized terrace with partial Gulf views. It has an extended 1, 000 sq. ft. terrace, 3 bedrooms and 2. 5 baths on the Plaza Level. Enjoy the miles of pristine beaches and resort-style living! The Water Club is an exceptionally well-run community with a substantial reserve fund. It has a magnificent clubhouse, the social hub with a European-style spa and fitness center. The Club Room has a billiard table, a library with a fireplace, and a ballroom that can accommodate at least 100 guests for a wedding with a sunset lounge and private beverage lockers. Amenities include impeccable concierge services, a guard gate, an Olympic-sized heated pool, and Har-Tru tennis courts. This sought-after community is centrally located minutes from St. Armand’s Circle and downtown Sarasota. Also, minutes to Publix, CVS, phenomenal restaurants, opera, theaters, 45 holes of golf, and the 2nd largest marina on the West Coast. Bonus: the Water Club is pet-friendly; 2 small pets up to 35 lbs. are welcome. Escape to Paradise in this beachfront oasis. Enjoy and experience the epitome of coastal luxury living on Longboat Key.

Features

  • Elevator: Y
  • Heating: Central, Electric, Zoned
  • Cooling: Central Air
  • Levels: 1
  • Amenities: Cable TV, Clubhouse, Elevator(s), Fitness Center, Gated, Maintenance, Pool, Recreation Facilities, Sauna, Security, Spa/Hot Tub, Storage, Tennis Court(s)
  • Rooms: 10
  • Bedrooms: 3
  • Baths: 2 full / 1 half
  • Laundry: Laundry Room
  • Complex: WATER CLUB 01 AT LONGBOAT KEY
  • Year Built: 1996
  • Approx Sq. Feet: 2,585
  • Est. Taxes: $18,432
  • Condo Fee: $5,217 Quarterly
  • Lot Desc: City Lot
  • View: Garden, Water
  • Elem. School: Southside Elementary
  • Middle School: Booker Middle
  • High School: Booker High
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Gas Water Heater, Microwave, Refrigerator, Washer
  • MLS#: A4610319
  • Days on Market: 219 days
  • Website: https://www.raveis.com
    /prop/A4610319/1241gulfofmexicodrive_longboatkey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/22/2024 5:47:09 PM)
Listing courtesy of COLDWELL BANKER REALTY   Phone: 941-366-8070

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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1241 Gulf Of Mexico DRIVE, #105, Longboat Key, FL, 34228

$2,575,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $2,060,000 $2,060,000 $2,060,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.620% 6.735% 6.806%
Monthly Tax Payment $1,536 $1,536 $1,536
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $13,361 $13,190 $18,087
Total Monthly Payment $15,022 $14,851 $19,748

* 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.