Buyer opportunity - the price has been reduced $300k from the recently contracted price! The photos are of the home prior to the property being impacted by the recent storms. This coastal gem on Longboat Key provides an opportunity for someone to make the new finishes their own. The home offers exceptional access to beach and bay and other island amenities, including outdoor dining, in one of the favorite areas of the island, the Longbeach Village. This large lot has the significant benefit of convenient rear alley access, only available to a very limited number of Village properties, which is great for trailering or parking a boat, kayaks, and golf cart, for an unparalleled island lifestyle. The beautiful pool and spa is fully restored and sparkling, and the new AC equipment has already been installed. The price reductions of $300k provide a great discount for a buyer doing the interior restoration for lower drywall, flooring, and cabinetry. Set on a lush, oversized lot, the property features an expansive front lawn and a fenced backyard oasis. Modern upgrades previously completed included new PGT windows, a wonderful private backyard space boasting an expansive tropical gazebo for relaxing and entertaining, all overlooking the generous heated and cooled saltwater pool with swim jets and spa. The open-concept interior can be modified or restored in its current and convenient split-plan layout. The spacious primary bedroom retreat is filled with natural light and enjoys backyard views and access through French doors. The split-plan provides privacy for your guests. The second bedroom features elevated windows, while the third bedroom, shown as a home office, overlooks the front and enjoys ample natural light. A large Florida room provides a separate conversation area and access to the primary bedroom retreat as well as the inviting outdoor entertainment area and stunning pool and spa. There is an outdoor shower, extra storage, and ample space for parking for your golf cart, boat or guests. With gulf-to-bay access for boating, kayaking and paddleboarding, as well as nearby waterfront dining, this home offers the ideal blend of comfort, style and island charm. Do not miss out on this coastal gem!
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William Raveis Mortgage, LLC
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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 | $759,200 | $759,200 | $759,200 |
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 | $567 | $567 | $567 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,924 | $4,861 | $6,666 |
Total Monthly Payment | $5,583 | $5,520 | $7,325 |
* 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.