1241 Gulf Of Mexico DRIVE, #708, Longboat Key, FL, 34228 | $3,495,000

Imagine the feeling of stepping into your new home where the beauty of sea and sky surrounds you. As you step off your private elevator, your eyes are immediately drawn to the sliding glass doors that open to an expansive balcony overlooking the glistening Gulf. The enjoyment of listening to the waves as you sip your morning coffee, or feasting on the magnificent sunsets will make you never want to leave. One of the few units on the west coast that has a beautiful and striking view of BOTH the pristine gulf waters, and Sarasota Bay. This home has unobstructed 270 degree panoramic views thru windows and glass doors nearly reaching the 10 foot ceilings. And what a bonus seeing downtown Sarasota all lit up at night! This 7th floor Condo has both comfort and beauty with its spacious floor plan. You will enjoy 2 en-suites, 4 full baths, plus an office in this well appointed 2965 sq. ft. unit. This is the Dover floor plan and is designed to have a 3rd bedroom or den option. The County Property Appraiser has this unit listed as a 3 bedroom. It is currently open, but it can be converted to the 3rd bedroom before the closing, if desired. Beautiful engineered hardwood flooring covers most of the surfaces for quick and easy maintenance, with lovely large tile in the wet areas. 10 foot ceilings throughout are enhanced by crown molding and custom plantation shutters. This open concept floor plan is perfect for entertaining and enjoying all that comes with this property. Boasting a large eat-in kitchen with granite countertops and all the conveniences you will need, you can begin dreaming of the meals shared with family and friends for years. The Primary en-suite delivers his and hers separate bathrooms, jetted tub, dual entry shower, two large walk-in closets with built-ins, and a beautiful private terrace to ease away the cares of the day. Your guests will love their en-suite with spacious and private quarters. And who wouldn’t love to sit and enjoy some quiet time on the connecting terrace. You will appreciate this meticulously cared for unit, since it has only been lived in 3 months out of the year, the minimal use keeps this unit in great condition. Select your option; purchase this home fully furnished turn key, or offered with a clean slate and all furnishings removed with a discounted price. The Water Club is a beautiful complex with more amenities than you will ever need. Both inside the expansive Clubhouse, and outdoors on the gorgeous well kept grounds. The Water Club seeks to accommodate the services that are important to you while living an active lifestyle on the Key. From the 24 hour security with gated entry, to the concierge services, you will feel pampered and safe. Prime parking, controlled climate storage and onsite management are additional perks to this Florida paradise. The luxurious resort style complex features 600 feet of private pristine sandy beach, Olympic sized heated pool and spa, 4 tennis courts, fitness center, library, billiard room, catering kitchen and ballroom. The 17, 000 square foot newly renovated clubhouse is beautifully appointed and will truly make any event an enjoyable experience. Located on the south end of Longboat Key, you will enjoy the close proximity to prime restaurants, shopping and low crime. The 20 minute commute to the Sarasota Airport will surely be a convenience added to make your life on the Key carefree and enjoyable.

Features

  • Elevator: Y
  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 11
  • Rooms: 4
  • Bedrooms: 3
  • Baths: 4 full
  • Laundry: Inside, Laundry Room
  • Complex: WATER CLUB 01 AT LONGBOAT KEY
  • Year Built: 1996
  • Approx Sq. Feet: 2,965
  • Acreage: 2.11
  • Est. Taxes: $22,034
  • Elem. School: Southside Elementary
  • Middle School: Booker Middle
  • Pet Policy: Breed Restrictions
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Electric Water Heater, Ice Maker
  • MLS#: A4627486
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A4627486/1241gulfofmexicodrive_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 11/5/2024 8:47:10 AM)
Listing courtesy of SHIRLEY INTERNATIONAL REALTY   Phone: 941-448-4872

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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, #708, Longboat Key, FL, 34228

$3,495,000

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 $2,796,000 $2,796,000 $2,796,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.500% 6.625% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.304% 6.762% 6.725%
Monthly Tax Payment $1,836 $1,836 $1,836
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $17,673 $17,903 $24,356
Total Monthly Payment $19,634 $19,864 $26,317

* 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.