5005 Gulf Of Mexico DRIVE, #5, Longboat Key, FL, 34228 | $5,100,000

Unbelievable price! A lifestyle of uncompromising luxury awaits in this beautiful residence in the exclusive Gulf side community of Bonaire, where beachfront sophistication meets breathtaking vistas, and every detail is crafted with the utmost elegance. This immaculately cared for British West Indies home is only steps away from a residence ONLY private beach access and has everything you could dream of in a coastal luxury home. Upon entering the 3-level floor plan haven, a harmonious blend of engineered hardwoods and ceramic tile unfolds, creating an ambiance exuding both panache and character. The expansive living room and dining area are seamlessly combined and a spectacular panorama of the outdoor living area through walls of windows and sliders, delivering breathtaking views from every angle. The kitchen is an extraordinary masterpiece, featuring an eat-in area, a large pantry, sleek shaker style cabinets with glass upper panels, granite countertops and Wolf/Subzero stainless-steel appliances, 2 side by side dishwashers, and a custom paneled refrigerator. The open balconies beckon you to savor the beauty that surrounds you, providing optimal spaces to bask in the splendor of the tropical views. The master bedroom is a sumptuous retreat, with beautifully crafted engineered hardwood floors, a ship lap wall and two expansive walk-in closets, while the master bath boasts a large free standing soaking tub, separate shower, and dual vanities. The 2nd master bedroom suite with engineered hardwood floors and large walk-in closet, offers an exceptional vantage point with a wall of windows opening to its own private balcony. This bedroom features an ensuite bathroom with custom tile work, a free-standing soaking tub, separate show, dual vanities. Two additional bedrooms that also boasts full ensuite bathrooms with showers, completing the ensemble of luxurious spaces. An elevator travel to all three floors and starts the ground level. The allure of this residence extends beyond aesthetics with practical features like a large walk-in laundry room, adorned with side-by-side washer and dryers and ample storage. Large and open decks on all levels including custom spiraling staircase leading you to a rooftop deck with spectacular sweeping Gulf views as well as an expansive views of the Intercoastal Waterway. Outside a resort style pool with new pool heater, awaits with wrap around swim area, extra-large swim up table and an oversized heated spa surrounded by custom waterfall features and newly installed outdoor shower. A Bug Mister provides bug free outdoor relaxation. Enjoy alfresco dinning with the newly installed outdoor kitchen enriched with high end appliances and teak cabinetry. Freshly established tropical landscaping and turf completes the exterior and offers privacy for the expansive covered outdoor entertaining area. Minutes to enjoy a tennis in the renovated tennis center, a round of championship golf on the 45 hole golf course, or sail out of the Longboat Key Mooring marina, the 2nd largest marina on the West Coast of Florida. Enjoy the amenities of the nationally acclaimed Longboat Key Club or venture just a few minuted drive to Publix, CVS and a Post Office. It is a short drive to St Armands Circle & Downtown Sarasota where you'll experience endless fine dining, theatre and more!

Features

  • Rooms: 3
  • Bedrooms: 4
  • Baths: 4 full / 1 half
  • Laundry: Inside, Laundry Room
  • Style: Custom, Elevated
  • Year Built: 2018
  • Garage: 3-car Covered, Driveway, Garage Door Opener, Off Street, Under Building
  • Heating: Central, Electric, Natural Gas
  • Cooling: Central Air, Zoned
  • Approx Sq. Feet: 3,358
  • Acreage: 0.23
  • Est. Taxes: $50,616
  • HOA Fee: $1,715 Quarterly
  • Lot Desc: City Lot, Street Dead-End
  • Elem. School: Anna Maria Elementary
  • Middle School: Martha B. King Middle
  • High School: Bayshore High
  • Pool: Gunite, Heated, In Ground, Lighting
  • Pet Policy: Yes
  • Appliances: Bar Fridge, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer
  • MLS#: A4602726
  • Days on Market: 202 days
  • Website: https://www.raveis.com
    /eprop/A4602726/5005gulfofmexicodrive_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 11/24/2024 3:15:26 AM)
Listing courtesy of CORCORAN CONNECT LLC   Phone: 407-953-9118

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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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5005 Gulf Of Mexico DRIVE, #5, Longboat Key, FL, 34228

$5,100,000

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 $4,080,000 $4,080,000 $4,080,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.762% 6.036%
Monthly Tax Payment $4,218 $4,218 $4,218
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $26,125 $26,125 $35,822
Total Monthly Payment $30,468 $30,468 $40,165

* 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.