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5941 Gulf Of Mexico DRIVE, Longboat Key, FL, 34228 | $8,800,000
**Exquisite Beachfront Estate! Choice Longboat Key location **
Seize this extraordinary, once-in-a-lifetime opportunity to create your personal sanctuary on one of the most remarkable waterfront lots along the Gulf Coast. This rare gem offers an unparalleled oceanfront homesite 100X465 (over 1 acre) directly on the pristine beaches of the Gulf of Mexico.
This delightful residence, recently affected by water intrusion due to Hurricane Helene, is being sold in its current condition-"as-is. ” Envision the possibilities of crafting your dream oceanfront estate nestled on the stunning shores of Longboat Key. The expansive lot, spanning just over an acre, is perfectly suited for a family compound or a serene personal retreat.
Awaken each morning to breathtaking vistas of the Gulf, where golden sunsets and soothing ocean breezes become an integral part of your everyday life. The single-story design fosters a seamless connection between indoor and outdoor spaces, enabling you to embrace the coveted coastal lifestyle fully. With ample space for outdoor gatherings, this home is ideal for families eager to forge lasting memories by the beach. The property features a detached garage and an inground pool, providing a foundation for future enhancements or renovations. Whether you renovate the existing structure or build your dream home, the possibilities are limitless.
Immerse yourself in the tranquil beauty of beachfront living while remaining just moments away from the vibrant local community. This is a rare opportunity to own a slice of paradise on Longboat Key, where you can revel in unparalleled panoramic views of the Gulf of Mexico, witness breathtaking sunsets, and experience a harmonious blend of luxury and natural beauty. Don’t let this unique chance slip away to craft your dream waterfront home on Longboat Key, where luxury and tranquility await. The crystal-clear waters of the Gulf of Mexico and sun-kissed skies provide the ideal backdrop to this enchanting island beach house. This exceptional property encompasses 100 feet of sandy beachfront along the Gulf, perfectly poised for those seeking a sophisticated coastal lifestyle amidst sweeping views and pristine white sands.
Features
- Rooms: 3
- Bedrooms: 3
- Baths: 3 full / 1 half
- Lot Size: 100 x 465
- Laundry: Laundry Closet
- Style: Custom
- Year Built: 1954
- Garage: 2-car
- Heating: Natural Gas
- Cooling: Other
- Approx Sq. Feet: 2,417
- Acreage: 1.07
- Lot Size: 100 x 465
- Est. Taxes: $37,406
- Lot Desc: FloodZone, Level, Oversized Lot
- View: Water
- Pool: In Ground, Lighting
- Appliances: None
- MLS#: A4626774
- Days on Market: 52 days
- Website: https://www.raveis.com
/eprop/A4626774/5941gulfofmexicodrive_longboatkey_fl?source=qrflyer
Listing courtesy of COLDWELL BANKER REALTY Phone: 941-366-8070
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
5941 Gulf Of Mexico DRIVE, Longboat Key, FL, 34228
$8,800,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $7,040,000 | $7,040,000 | $7,040,000 |
| 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 | $3,117 | $3,117 | $3,117 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $45,661 | $45,078 | $61,811 |
| Total Monthly Payment | $48,903 | $48,320 | $65,053 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388